Regnology, a German firm specializing in regulatory technology, is set to acquire the Financial Regulatory Reporting (FRR) unit of Wolters Kluwer.

Regnology, a German firm specializing in regulatory technology, is set to acquire the Financial Regulatory Reporting (FRR) unit of Wolters Kluwer.

Legal tech startup LegalOn, originally founded in Japan in 2017, has secured $50 million in its Series E funding round, bringing its total raised to over $200 million. The funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from World Innovation Lab, Japanese law firm Mori Hamada, Mizuho Bank, and Shoko Chukin [1].

In a significant move, LegalOn has entered into a strategic collaboration with OpenAI. This partnership grants LegalOn early access to OpenAI’s advanced AI models, including ChatGPT Enterprise and API tools. Engineers from both companies are working together to develop advanced agentic AI tools specifically tailored for legal workflows [2].

The collaboration is expected to significantly accelerate LegalOn’s product development. With OpenAI’s strengths in contextual understanding and precise language generation, combined with LegalOn’s domain expertise and focus on human oversight in legal processes, LegalOn’s AI tools for enterprise legal use will evolve to reduce manual legal work, flag contract risks more accurately, generate precise redlines, and manage legal matters more efficiently across multiple business departments [1][2][4].

Daniel Lewis, LegalOn’s global CEO, stated that the new funds would be used to accelerate the development of the company’s agentic AI tools. The partnership with OpenAI may give LegalOn an advantage in developing and deploying new legal agents, aiming to create more adaptable, intuitive, and valuable AI assistants to streamline legal tasks from contract intake to completion [2].

The new collaboration and product expansions are expected to help LegalOn in deploying secure generative AI tools for enterprise legal use. LegalOn has already launched a Matter Management module and an AI-powered playbook feature, expanding beyond its initial focus on contract review [1].

As part of its growth strategy, LegalOn also mentioned plans to grow its business development operations [3]. The company is now preparing for further international growth, particularly in the UK and other global legal markets [2].

Goldman Sachs' investment in LegalOn's Series E round reflects continued, albeit selective, investment by large financial firms in the legal technology sector. This investment comes after Goldman Sachs was also a backer in Clio's $900 million Series F round last year, though such deals remain relatively uncommon [1].

The collaboration with OpenAI provides LegalOn with early access to OpenAI's advanced models through ChatGPT Enterprise and its API, which is expected to greatly improve LegalOn’s AI capabilities for enterprise legal teams by delivering faster, more reliable, and smarter legal AI tools [1][2][3][4].

[1] TechCrunch. (2025, August 10). LegalOn raises $50M Series E led by Goldman Sachs to expand its legal AI platform. [online] Available at: https://techcrunch.com/2025/08/10/legalon-raises-50m-series-e-led-by-goldman-sachs-to-expand-its-legal-ai-platform/

[2] LegalTech News. (2025, August 10). LegalOn Partners with OpenAI to Develop Advanced AI Tools for Legal Workflows. [online] Available at: https://www.legaltechnews.com/news/legalon-partners-with-openai-to-develop-advanced-ai-tools-for-legal-workflows/

[3] Law.com. (2025, August 10). LegalOn Secures $50 Million in Series E Funding to Accelerate Development of Agentic AI Tools. [online] Available at: https://www.law.com/2025/08/10/legalon-secures-50-million-in-series-e-funding-to-accelerate-development-of-agentic-ai-tools/

[4] CNBC. (2025, August 10). Legal tech startup LegalOn secures $50 million in Series E funding to develop AI tools for legal work. [online] Available at: https://www.cnbc.com/2025/08/10/legal-tech-startup-legalon-secures-50-million-in-series-e-funding-to-develop-ai-tools-for-legal-work.html

(No credit for featured image was provided in the article.)

1. The collaboration between LegalOn and OpenAI, driven by OpenAI's technology and contextual understanding, aims to streamline legal tasks and potentially provide an edge in the development and deployment of new legal agents for business departments.
2. With the $50 million Series E funding secured from Goldman Sachs and other investors, LegalOn plans to leverage technology to expand its business and international growth, particularly in the UK and other global legal markets, while focusing on developing advanced AI tools for enterprise legal use.

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