Harvey and Legora are the two leading companies in legal AI. Both build tools that help lawyers research, review, and draft. Both are growing fast, and both are raising money at huge valuations. Their rivalry now defines the whole legal AI market.
Harvey is the larger and more established of the two. It was founded in 2022 in San Francisco, makes more than $350 million in annual recurring revenue, and was valued at $11 billion in March 2026. Legora is the fast rising challenger. It was founded in 2023 in Stockholm, makes about $150 million in annual recurring revenue, and was valued at $5.6 billion in April 2026. This piece compares the two on funding, product, and traction. It is part of our guide to the agentic AI landscape.
Harvey vs Legora at a glance
| Harvey | Legora | |
|---|---|---|
| Founded | 2022 | 2023 |
| Headquarters | San Francisco, US | Stockholm, Sweden |
| Founders | Winston Weinberg, Gabriel Pereyra | Max Junestrand, Sigge Labor |
| Latest confirmed valuation | $11B (Mar 2026) | $5.6B (Apr 2026) |
| Reported raise | $15.5B (in talks, Aug 2026) | $10B+ (in talks, Aug 2026) |
| Total funding | ~$1.2B | ~$866M |
| Revenue (2026) | $350M+ ARR | ~$150M ARR |
| Customers | 1,300+ firms, 60+ countries | ~1,500 firms, 50+ markets |
| Built on | OpenAI, Anthropic, Google | Mostly Anthropic (Claude) |
| Known for | Scale and US enterprise | Collaboration and integrations |
The two companies
Harvey was founded in 2022 by Winston Weinberg, a former litigator, and Gabriel Pereyra, a former research scientist at Google DeepMind and Meta. It is named after the lawyer Harvey Specter from the show Suits. Harvey moved first and moved fast. It signed elite US law firms early and became the default name in legal AI.
Legora was founded in 2023 in Sweden, first under the name Leya. Its three founders had no legal background. They built the product by working closely with lawyers and learning the job from the outside in. Legora grew quickly across Europe and is now pushing hard into the United States.
Funding and valuation
Harvey has raised more money and carries a higher valuation. It has raised about $1.2 billion in total. Its valuation climbed from $3 billion in early 2025 to $5 billion, then $8 billion, then $11 billion in March 2026. As of August 2026, it is reportedly in talks to raise $500 million at a $15.5 billion valuation, though that round is not closed.
Legora has raised about $866 million in total. Its valuation went from $675 million in May 2025 to $1.8 billion, then $5.6 billion in early 2026. It is now reportedly in talks to raise at more than $10 billion, which is also not closed. You can read the details in our Legora funding update.
Both companies are being priced on growth, not profit. At their reported new valuations, each would trade at a very high multiple of current revenue. Harvey would sit near 44 times revenue and Legora near 67 times. Those numbers only make sense if the growth keeps coming.
Product and approach
Harvey sells a suite built around lawyer productivity. Its main tools are Assistant, Vault, Knowledge, and Workflows, plus a Word add-in. Its pricing is seat based, so firms pay per lawyer. Harvey runs on frontier models from OpenAI, Anthropic, and Google, fine tuned on legal data. Its customers run more than 25,000 custom agents.
Legora sells a collaborative platform where lawyers and AI work side by side. Its strength is depth of integration and teamwork. It offers research, review, and drafting, plus Workflows for automating multi step tasks and Portal for sharing work with clients. Legora runs mostly on Anthropic’s Claude and plugs deep into Word, Outlook, iManage, and SharePoint.
The core difference is philosophy. Harvey is built around scale and a broad product suite. Legora is built around collaboration and fitting into how lawyers already work.
Customers and traction
Harvey has more revenue. It crossed $100 million in ARR in August 2025, reached $190 million by the end of the year, and passed $350 million by August 2026. It serves 1,300 or more customers in over 60 countries, including half of the Am Law 100.
Legora has more named firms but less revenue. It reports about 1,500 law firms and legal teams across more than 50 markets, with tens of thousands of lawyers using it daily. Its clients include Cleary Gottlieb, White & Case, and Linklaters.
So Harvey leads on money and Legora leads on firm count. Both signals are real, and they measure different things.
The rivalry
The two are now racing into each other’s home turf. Legora is expanding into the United States, where Harvey is strongest. Harvey is expanding into Europe, where Legora grew up. Both are spending heavily on brand, sales, and legal engineering teams.
The bigger threat sits above both of them. Frontier AI models keep getting better at legal reasoning on their own. That pushes both companies to compete on workflow depth and enterprise integration, not on raw model quality.
Agent Unfolded take
Harvey is the safer pick and the current leader. It has more revenue, more capital, and deep roots in top US firms. If you are betting on the company most likely to still lead in three years, Harvey is the default answer.
Legora is the more interesting challenger. It is growing fast, it is winning on firm count, and its collaboration first design is a genuine product difference, not just marketing. Its European base gives it a market Harvey reached later.
The risk is the same for both. The valuations assume years of clean growth, and frontier models could erode the low end of the work. Neither company can coast. The likely outcome is not one winner but two large players splitting a market that turns out to be bigger than either bull case. Watch both, because legal is the clearest proof yet that vertical AI can build real businesses.
Frequently asked questions
Harvey is a larger, US based legal AI company known for scale and a broad product suite with seat based pricing. Legora is a Sweden based challenger known for a collaborative platform and deep integrations into tools lawyers already use.
Harvey is bigger by revenue and valuation, with more than $350 million in ARR and an $11 billion valuation. Legora reports more law firm customers, at around 1,500, but lower revenue near $150 million ARR.
Harvey is more valuable. Its last confirmed valuation was $11 billion in March 2026, compared with Legora’s $5.6 billion in April 2026. Both are reportedly raising at higher figures.
It depends on the firm. Harvey suits large firms that want a proven, wide product suite at scale. Legora suits teams that value deep integration and collaboration between lawyers and AI. Both serve elite firms.
Besides each other, Harvey and Legora compete with legal AI companies like EvenUp, Robin AI, and Eudia, and increasingly with general AI models that now offer legal features.