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Disco becomes the latest legal tech vendor to file for IPO

eDiscovery vendor CS Disco has become the latest legal tech vendor to file for an IPO – it filed its S-1 form with the SEC on 25 June and proposes to raise up to $100m.

Disco has a revenue of $74m and a year-on-year growth of 37%. It says in the IPO prospectus that its estimated market size is $42bn.

Customers quoted in the S-1 include Accenture, Kutak Rock and US law firm Perkins Coie.

Separately, you’ll also be interested to note that Disco has just hired Catherine Ostheimer as VP of marketing, based in New York. Ostheimer was previously at Epiq.

Disco is the latest legal tech vendor to file its S-1: in June Intapp publicly filed for its long-anticipated IPO. The Palo Alto-headquartered company intends to list its common stock on the Nasdaq Global Market under the ticker symbol “INTA.” And LegalZoom has said it intends to raise $488m from its IPO, which it filed for on 8 June.

Caroline.hill@legalitlexicon.com