Litify Releases Roadmap of AI Innovation
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The legal technology company ranks No. 355 with revenue growth surpassing 300%
NEW YORK, NY — November 21, 2024 — Litify, the all-in-one platform powering legal’s top performers, today announced it was selected for the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year.
“Being recognized as one of the fastest-growing companies in North America is an honor. I’m proud of the team we’ve built here at Litify and of the results we deliver in partnership with our clients every single day. This recognition is a testament to delivering real value for our clients as our growth wouldn’t be possible without their innovation and partnership,” said Litify CEO Curtis Brewer.
This marks the first time the legal technology company has appeared on the list, with three-year revenue growth surpassing 300%. Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.
Litify has experienced tremendous growth in recent years. Most recently, the company announced the availability of Litify AI and a roadmap of forthcoming AI-powered capabilities. The launch followed an announcement that the company is collaborating with Amazon Web Services (AWS) and Anthropic to deliver those AI capabilities responsibly. In August 2024, Litify also announced its debut on the 2024 Inc. 5000, a ranking of the fastest-growing private companies in the United States.
Earlier, in February 2023, the company announced new investment from Bessemer Venture Partners, bolstering its market position as the all-in-one platform powering the legal industry’s top performers.
Over the past 30 years, the Deloitte Technology Fast 500 program has recognized innovative companies across the technology, life sciences, fintech, and energy tech sectors. Past Fast 500 winners include technology pioneers like Google, eBay, and Tesla. The list of all 500 honorees can be found at www.deloitte.com.
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About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.
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