Source: Silicon
Flo Recruit, legal recruitment software unlocking data-driven strategy for law firms, announced that it has closed an oversubscribed $4.2M seed round led by LiveOak Venture Partners and Moneta Ventures with participation from Tau Ventures and Alumni Ventures. Flo Recruit intends to use the funds to accelerate the expansion of its Flo Recruit Applicant Tracking product, particularly in developing advanced reporting and deep system integration for clients.
Flo Recruit was formed in 2019 to help law firms build talent pipelines earlier. As the emerging leader in legal applicant tracking, their software now powers the complete student and lateral recruitment cycles of a growing number of U.S. law firms. Their clients have unprecedented access to talent due to Flo Recruit’s unique ecosystem, which directly connects law schools and firms.
The legal industry has seen record attrition and attorney salary increase in recent years, raising budget alarms in an industry that sources 80% of lateral hires via agencies (compared to 10% in tech) with 25%+ fees. Law firms must assess new strategies for reaching top student and lateral candidates within budget bounds or risk falling behind. In response, Flo Recruit Applicant Tracking is revolutionizing law firms’ ability to access candidate data, historically locked behind the convoluted reporting of legacy systems, to empower firms to explore varied sourcing methods…
Read full article: https://www.silicon.co.uk/press-release/flo-recruit-announces-4-2-million-in-funding-to-modernize-legal-recruiting
