LegalZoom.com, Inc. reports developments for an online legal services platform serving individuals, entrepreneurs and small businesses. Company news commonly covers business formation and state compliance services, intellectual property and trademark offerings, estate planning, ongoing legal support, and technology-enabled access to attorneys through its independent attorney network and law firm.
Updates also discuss subscription revenue trends, financial results, share repurchases, partnerships that embed LegalZoom services in small-business platforms, and AI-related product enhancements such as Virtual Mail, Grant Finder and human-in-the-loop legal workflows.
LegalZoom (Nasdaq: LZ) has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will hold a conference call and webcast at 4:30 p.m. ET, featuring Chairman and CEO Jeff Stibel and COO/CFO Noel Watson.
As a leading online platform for business formation in the United States, LegalZoom provides comprehensive legal and compliance products along with professional advisory services to support small business owners. The company focuses on making legal and financial expertise accessible and affordable through technology-driven solutions.
LegalZoom (LZ) has announced a multi-year strategic partnership with 1-800Accountant to provide full-service bookkeeping and tax solutions for small business owners. The service will launch by January 2025, integrating 1-800Accountant's tax expertise into LegalZoom's ecosystem.
The partnership addresses key findings from a recent LegalZoom customer survey, which identified tax management, liability protection, and legitimacy as primary motivations for business formation. The collaboration aims to streamline tax preparation processes through expert CPAs and technology, helping business owners maximize tax savings and maintain compliance.
The agreement includes minimum lead requirements and corresponding minimum annual revenue commitments over the multi-year term.
LegalZoom (Nasdaq:LZ) is urging small business owners to file for trademark registration before the USPTO increases filing fees on January 18, 2025. The company highlights the growing importance of intellectual property protection in the age of AI, where copying branding elements has become easier.
Through its law firm LZ Legal Services, LegalZoom offers attorney-led trademark services for $649, approximately 75% less than traditional attorney fees averaging $2,500. Analysis of five-year customer data shows increased trademark applications, particularly in education, entertainment, advertising, business, and clothing sectors, which represent 44% of filed applications since 2019.
LegalZoom (Nasdaq: LZ) has announced its participation in the Barclays 22nd Annual Global Technology Conference on December 11, 2024. Chairman and CEO Jeff Stibel and COO/CFO Noel Watson will conduct a fireside chat starting at 2:30 p.m. PT.
The event will be accessible via live audio webcast and replay on LegalZoom's Investor Relations website. LegalZoom operates as a leading online platform for business formation in the United States, focusing on providing comprehensive legal and compliance products through user-friendly technology. The company supports millions of small business owners with services ranging from free business formations to professional advisory services.
LegalZoom (LZ) announces expanded partnership with Defy Ventures, committing $100,000 in 2025 to support mental health and wellbeing programs for incarcerated and formerly incarcerated individuals. The funding will enhance trauma-informed curriculum, expand support groups, provide staff training, and offer technical support. The partnership, which began in 2021, has helped maintain a three-year recidivism rate below 15%. Defy Ventures offers programs including CEO of Your New Life, Entrepreneur Bootcamp, and Business Accelerator, focusing on business skills and personal development. Previous LegalZoom contributions have funded various initiatives, including a cohort at California Women's Facility and post-release services.
LegalZoom (LZ) has appointed Nathan Gooden to its Board of Directors and as a member of both the Audit and Compensation Committees. Gooden, currently CFO of Squarespace, brings extensive experience in finance leadership across small business and ecommerce technology sectors. His background includes serving as CFO of Amazon Alexa and previous roles at Spacepointe and Solavei. The appointment aligns with LegalZoom's strategic focus on achieving high-value customer growth, margin expansion, and reaccelerating subscription revenue growth. Following this appointment, LegalZoom's Board consists of six directors, with five being independent.
LegalZoom reported strong Q3 2024 results with revenue of $168.6 million, up 1% year-over-year. Subscription revenue grew 5% to $110.7 million, while transaction revenue decreased 7% to $57.9 million. The company achieved record Q3 net income of $11.1 million with a 7% margin and record Adjusted EBITDA of $47.1 million with a 28% margin. Subscription units increased 10% year-over-year, while transaction units grew 8%. The company repurchased 3.8 million shares for $24.7 million and increased its share repurchase authorization by $40.0 million to $215.0 million.
Inc. has named LegalZoom as a 2024 Power Partner Award winner, recognizing its support for entrepreneurs and startups. LegalZoom, a leading online platform for business formation in the US, has helped create over 4 million businesses. The company offers affordable legal services, expert advice, and comprehensive business management tools.
Despite rising costs in traditional law firms, LegalZoom maintains below-average prices for legal services. It provides access to experienced business attorneys and a nationwide network of independent licensed lawyers. LegalZoom's expanded offerings include accounting tools, AI-powered document assistance, e-signatures, and partnerships with brands like Wix and NEXT Insurance.
The Inc. Power Partner Awards honor B2B organizations that support entrepreneurs across various aspects of business, including hiring, compliance, infrastructure development, cloud migration, and fundraising. LegalZoom's inclusion reflects its dedication to helping small businesses thrive in a changing world.
LegalZoom.com, Inc. (Nasdaq: LZ) has announced it will report its financial results for the third quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the market closes. Jeff Stibel, Chairman & Chief Executive Officer, and Noel Watson, Chief Financial Officer & Chief Operating Officer, will host a conference call and webcast at 4:30 p.m. ET the same day to discuss the results.
The conference call can be accessed via webcast or dial-in, with details provided in the announcement. A replay of the webcast will be available on the LegalZoom Investor Relations website following the live event.
LegalZoom is described as a leading online platform for business formation in the United States, offering comprehensive legal and compliance products and expertise for small business owners through easy-to-use technology.
LegalZoom, a leading online legal technology company, is encouraging couples to consider prenuptial agreements as part of their wedding preparations. Recent data shows over 40% of Gen Z and Millennial couples are opting for prenups. LegalZoom's law firm, LZ Legal Services, provides prenup services in 10 states, with plans to expand to Colorado and Ohio.
Key findings include:
- Men initiate 65% of LZLS prenup orders
- California leads with 51% of LZLS prenup customers
- Average time from prenup order to wedding is 69 days
- Top items in prenups: protection of separate property, alimony, and property division
LZ Legal Services offers attorney-assisted prenups for a flat fee of $1,499, potentially saving couples money compared to traditional divorce costs.