Harvey Hits $100M ARR & 42% AmLaw 100: A Legal GenAI Success Story
Legal technology innovator Harvey has announced significant growth milestones as it approaches its three-year anniversary. The company has achieved an Annual Recurring Revenue (ARR) of $100 million and now serves over 500 customers globally, including 42% of the AmLaw 100, the largest U.S. law firms by revenue.
The $100 million ARR represents a key indicator of growth, particularly for a company that has secured substantial venture capital investment, including $600 million this year alone. While immediate profitability is not the primary expectation for investors, this revenue figure demonstrates strong market traction since Harvey’s inception three years ago. The company’s rapid expansion has been supported by this capital, enabling it to grow its team to over 350 employees across offices in the US, UK, Germany, Australia, and India, alongside a rapidly expanding go-to-market division.
Harvey’s global footprint has expanded significantly, now serving more than 500 customers across 54 countries. The company reported a fourfold increase in Weekly Active Users (WAU) over the past year, following a sixfold increase the year prior. Monthly queries processed by the platform grew by 5.5 times in the last year, and the number of active files stored within Harvey saw a remarkable 36-fold increase, from 268,000 to 9.75 million. These metrics underscore the increasing adoption and utilization of Harvey’s generative AI platform within the legal sector.
A notable achievement for Harvey is its penetration into the AmLaw 100, with 42 of these top-tier U.S. law firms now among its clientele. This market share is particularly significant given the limited number of major commercial law firms. For these firms, adopting a generative AI productivity platform like Harvey’s can act as a strategic commitment, potentially limiting their engagement with competing platforms of a similar type. This indicates not only revenue growth but also a strong competitive position in a crucial segment of the legal market.
Looking ahead, Harvey has outlined several strategic developments. The company recently welcomed Siva Gurumurthy as its first Chief Technology Officer (CTO) in May. Gurumurthy, who brings experience from Motive, Twitter, Yahoo, and IBM, is tasked with enhancing leadership direction and investing in enterprise-grade quality engineering. The company highlighted its engineering team’s commitment to enterprise quality, development speed, and reliability, pointing to recent product launches such as “Words to Workflow” and “Deep Research integration” as examples of ongoing innovation.
Furthermore, Harvey has increased access to data within its platform, integrating eight new markets and recently forming a partnership with LexisNexis. These initiatives aim to broaden the scope and depth of information available to users. The company also announced the hiring of John Haddock as its new Chief Business Officer, who is focused on building a robust team and engaging directly with prospective and existing customers to understand their current and future needs from the platform.
Harvey expressed optimism about its future, stating its ambition to become the “platform of choice for law firms and Fortune 500 companies alike.” The company emphasized its gratitude to its customers for their role in its journey thus far, indicating a continued focus on product evolution and market expansion.