We’re almost to the end of another year. Before stepping away, we wanted to take a moment and wish you a happy holiday season! We hope you enjoy time relaxing with loved ones and reflecting on your success. Team Litify will join you in the new year with fresh articles and insights, but until then, enjoy a brief review of some top moments from 2024 in our “Litify Wrapped.”

A 54% growth in revenue year-over-year while expanding profitability

In January, we announced our year-over-year business performance — achieving record revenue growth and surpassing 400+ enterprise clients who use Litify each day to transform their operations. While our customers work across a diverse set of practice areas, something they all share is a drive to continuously innovate and improve their businesses. We’re eager to carry this momentum into 2025 and beyond.

We moved to a new office in the heart of Manhattan

New year, new office! Our HQ moved from Dumbo, Brooklyn to the heart of Manhattan as we continue to power high performance for legal teams everywhere. The new location also provides us with fresh opportunities for in-person collaboration, amid the vibrant energy of NYC.

Litify Named the Case & Matter Management Solution of the Year

In May, we were selected for this award by Theorem, a global legaltech marketplace used by major networks like the Corporate Legal Operations Consortium (CLOC), Association of Corporate Counsel (ACC), and the European Legal Technology Association (ELTA). The annual awards program recognizes the best legal software for legal departments and law firms, as decided by the 50,000+ software buyers on Theorem.

We continued to push the boundaries of legaltech innovation

Through our quarterly product releases, Litify clients benefit from regular upgrades and ongoing innovation within our powerful platform. Here are some of the highlights from 2024:

• Document Tagging: Organize documents effortlessly by applying one or multiple tags to documents and then quickly review or report on documents by tag, on a single matter, or organization-wide.
• Live Edit: Collaborate on and edit documents in real-time individually or with multiple team members and external stakeholders.
• Infinite Scroll: We’ve eliminated the need to navigate between pages of files, making it faster to review and find the right files without any page clicks.
• Questionnaires: We transformed the setup experience for intake questionnaires. The new builder is faster, easier to navigate, and packed with features — like drag-and-drop reordering of questions, easy editing within the builder, and more.
• Preset Views: Filter and refine results in the case activity timeline by saving frequently used search criteria as a preset view.
• Litify AI: With all-new AI capabilities, make the most of your documents and reduce the time spent on manual data entry (more on Litify AI below!).

Litify recognized as one of the fastest-growing technology companies in America

We made our debut on this year’s Inc. 5000 and Deloitte Technology Fast 500 lists, two prestigious annual rankings of the fastest-growing companies in the US and across North America.

Our pillars of responsible AI development

In August, we shared our approach to responsible AI development, in collaboration with AWS and Anthropic. To us, responsible AI development extends far beyond the number of security certifications we offer (although we have plenty of those, too!). It’s a deep evaluation of the right AI technology foundation to ensure we protect highly sensitive legal information paired with a value-first approach to augment your staff’s existing business processes. 

We released the 2024 Litify State of AI in Legal Report

For the second year in a row, we commissioned an independent market research firm to survey legal professionals on their perceptions of, and priorities for, artificial intelligence. Our key takeaway? The legal industry’s use of AI doubled to 47% in the past year — and is projected to increase to 60% of respondents by next year.

Read the full report to see how your peers are approaching the use of AI and use the findings to inform your own AI strategy for the upcoming year.

Introducing Litify AI!

After working closely with our clients to identify where generative AI can drive true value for their businesses, we announced the availability of Litify AI and a full roadmap of AI-powered capabilities focused on driving efficiencies in case and document management. 

Litify AI analyzes documents, such as medical bills, to extract important insights and automatically completes relevant fields within the case file in Litify, immediately making information accessible for use in reporting and automated workflows across the platform.

Litify Named the Practice Management Innovation of the Year

For the third November in a row, we were recognized by LegalTech Breakthrough as a leader in practice management innovation. The mission of this annual awards program is to conduct a comprehensive analysis and evaluation of the top technology solutions in the legal industry today. We were one of the award-winning companies selected from thousands of nominations across over 12 different countries — see why!

Another year of the Litify Llama

From industry events to holidays and everything in between (including voting in this year’s Presidential Election), it’s been another busy year for the Litify Llama! 

With that, we’ll see you in 2025!

Thank you again for your continued partnership and readership. We look forward to bringing you even more insights in the year(s) to come. Team Litify has a lot to be thankful for this year, including a growing ecosystem of clients and partners, such as: Anthropic, Begum Law Group, Guardant Health, SBH Legal, Accounting Seed, Tiveron Law, Unified Women’s Healthcare, Rainwater Holt & Sexton, EllisDon, and more.

Plus, LitiQuest Plaintiff will be back and better than ever in February 2025 at The Diplomat Beach Resort in Miami, Florida!

If you just can’t get enough of Litify in the meantime, follow us on our social media channels: X, LinkedIn, Facebook, and Instagram.