Manifest Lands Record $60M Series A to Build the First AI-Native Law Firm

Manifest, the legal-AI startup attempting to rebuild the law firm from the ground up, announced on Tuesday that it has raised $60 million in Series A funding at a $750 million valuation. The round, led by Menlo Ventures and Kleiner Perkins with participation from First Round and Quiet Capital, is the largest Series A ever closed by a legal technology company, according to data shared with PYMNTS.

Unlike most legal-AI startups, which sell software into existing law firms, Manifest is itself an AI-native firm. Lawyers join the platform, operate under a unified Manifest Law brand, and work alongside AI agents that handle research, drafting, client communications, billing, and reporting. The company's explicit goal is to eliminate the billable hour, replacing it with standardized pricing and predictable service tiers that founder and CEO Dan Mishin says traditional firms are structurally incapable of offering.

"We needed to rethink the entire business model of a law firm from the ground up," Mishin said in announcing the round. The company's pitch is that decades of incremental "AI for lawyers" software has barely dented industry economics because the underlying incentives — selling time, not outcomes — are unchanged. By owning the entire stack, from intake to invoicing, Manifest argues it can pass cost savings directly to clients while paying its lawyers more per hour of human work.

The platform offers what Mishin calls "human-supervised" AI agents embedded in every step of a matter, plus operational infrastructure like recruiting, training, and compliance support for the attorneys who join. Manifest also handles partner-track economics differently, replacing the traditional equity-and-billable-hour ladder with what the company describes as an outcome-aligned compensation model.

The funding lands in a moment of explosive investor enthusiasm for legal AI. Harvey, EvenUp, and Eve have all raised at multibillion-dollar valuations over the past year, and corporate legal departments are rapidly normalizing AI-assisted contract review and discovery. Manifest's bet is more radical: that the firm itself, not just the tooling inside it, is what AI ultimately disrupts. With $60 million in fresh capital and a $750 million price tag, investors appear willing to underwrite that thesis at scale.