LawSites: Eyeing US expansion, legal spend management company Apperio raises $7M growth round

Apperio’s founder and CEO, Nicholas d’Adhemar, is a lawyer turned private equity investment manager who got the idea for the company when he noticed his PE firm was often surprised by the size of law firm invoices. Fees charged by outside legal service providers would frequently exceed the cost of the estimate given at the outset, with little to no visibility that this had occurred until the invoice landed.

Having worked in a law firm previously, d’Adhemar knew that, given the pace and intensity of the work around deals, both the client and the firm can lose track of just how much time the firm had booked. Believing there was a better way, he founded Apperio.

Read the complete article: Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round