-11%

est. 2Y upside i

Legal TechSeries D+

Cloud-based litigation platform for e-discovery and legal review

Rank

#2022

Sector

Legal Technology / eDiscovery

Est. Liquidity

~2Y

Data Quality

Data: Medium

Everlaw is the leading cloud-native eDiscovery challenger with 32% growth and clear product differentiation vs legacy Relativity.

Last updated: March 21, 2026

Bull (30%)+100%

IPO at 20-25x ARR on $120M+ ARR ($2.4-3B). Cloud-native wins enterprise displacement.

Base (45%)+60%

$100M ARR. IPO at 15-18x ($1.5-1.8B). Below $2B peak but strong from clean cap.

Bear (25%)-35%

Relativity holds enterprise. AI shrinks review hours/TAM. IPO delayed.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

26%

$517M raised on $2B; 25.9% intensity.

Dilution Risk

moderate

IPO expected; standard dilution.

Secondary Liquidity

limited

Pre-IPO secondary possible.

Other — 35 roles

View all 35 open roles at Everlaw →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Everlaw's data — designed to show you've done your homework.

  • 1

    “Enterprise win rate vs Relativity?”

  • 2

    “AI impact on review hours/pricing?”

  • 3

    “IPO readiness timeline?”

Cluster Peers

Expected Upside

Clio
+31%
Everlaw
-11%

Community

Valuation Sentiment

Our model estimates -11% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.