Definely, the award-winning, Microsoft and Google-backed LegalTech company today announced that it ranked 23rd on the Deloitte UK Technology Fast 50 – a ranking of the fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over the last four years. Definely is the only LegalTech company to make it onto this prestigious list.
“It is an honour to be included in the Deloitte Fast 50 and join previous winners such as Skyscanner, Revolut and Deliveroo, amongst others. The high bar set by Deloitte to be included in the list, combined with the prevailing economic headwinds faced by all technology companies in 2023, make this win that much more special.
Ultimately, this win is a testament to the entire team at Definely who have worked tirelessly to make this year our best yet. We also could not be here without our amazing customers who are at the centre of everything we do at Definely and whose continued support we remain eternally grateful for.” – Nnamdi Emelifeonwu, CEO and Co-Founder of Definely.
Definely’s commercial team has nearly tripled since the beginning of the year to cater for increased demand in the market for Definely’s suite of products. In addition, Definley has seen a significant increase in its customer base in 2023 and is on track to more than double its number of customers before the year is out. Definely has also broadened its suite of solutions to become the only LegalTech company offering a fully integrated, unified solution for the pre execution contract lifecycle. With AI already inherent in their product offering, they only look to increase its use with their safe and efficient Generative-AI solutions.
About the Deloitte Technology Fast 50
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award
programmes. Now in its 26th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from IoT to BioTech, digital media technology to life sciences, FinTech to software and clean energy to telecommunications. Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The impressive growth amongst this year’s Fast 50 companies demonstrates the continued tenacity of the UK’s technology industry, despite ongoing economic headwinds, as it cements itself amongst the top locations for venture capital investment globally. The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £808mn in total annual revenues in the year 2022/23 and employed almost 15,000 people. The Deloitte UK Technology Fast 50 recorded an average four-year growth rate of 5,473 per cent. Making the Deloitte UK Technology Fast 50 is a testament to a company’s commitment to technology. With its growth rate over four years, Definely has proven that its leadership has the vision and determination to grow in difficult conditions.”
About Definely
Definely is an award-winning, Microsoft and Google-backed LegalTech company on a mission to simplify the way the world understands information. Founded in 2017 by former Magic Circle lawyers, Nnamdi and Feargus, Definely is the only fully integrated, unified solution for the pre-execution contract lifecycle that allows lawyers to create, draft and review legal documents in one place, with one tool. Now used by the world’s largest law firms and in-house legal teams, including Slaughter and May, the Asian Development Bank and Allen & Overy.
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK’s leading professional services firms. The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.
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