Harvey

Harvey sells recurring software licenses to legal organizations: law firms and corporate legal teams subscribe — seats for lawyers and professionals, deployed firm-wide at the high end — for access to the Assistant, Vault document review, and the agent platform on which customers have built more than 25,000 custom agents. The footprint defines the revenue base: 1,300+ organizations across 60+ countries, including a majority of the AmLaw 100, with over 100,000 lawyers on the platform. The sale is direct and enterprise-grade — security review, firm-level data isolation, assisted rollout — and expansion follows a land-and-deepen pattern: firms start with research and drafting, then wire Vault and bespoke agents into diligence and litigation workflows, which raises both contract value and switching costs at renewal. Pricing power rests on the economics of the buyer: Harvey's subscription is priced against associate hours, the most expensive labor its output displaces. The roughly $1B raised, including the March 2026 round at an $11B valuation, funds the global enterprise sales motion this model requires.