Magic circle lawyer receives multi-million-pound funding boost for legal tech start-up

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Visualisation software StructureFlow, a tech start-up created by previous magic circle lawyer Tim Follet, has received a £3 million investment boost. StructureFlow is known for its revolutionary technology which creates visual diagrams of even the most complex transactions for lawyers and their clients.  

Having previously worked at both Slaughter and May and Farrer & Co LLP, Follet noticed a gap in the market for tools that create easily accessible visualisations of complex corporate deals, leading him to launch StructureFlow in 2018. 

The software, which has received a recent funding boost of £3 million, aims to assist law firms, in-house legal teams and clients to keep track of transactions by making it easy to create and share flowcharts that map the transactions, as well as embed data and documents into various components.  

Follet already has 40 paying law firm clients worldwide, including Baker McKenzie, Linklaters LLP, and Norton Rose Fulbright as reported in Legal Cheek. With plans to raise a further £7-10 million next year to add to the £6.5 million he’s already built up, Follet wants to “expand the data and collaboration functionality in our product and start working towards a Series A round next year”.  

In an interview with Legal Cheek Follet said: “We are creating a new category of legal tech — what we call ‘transaction modelling’. In five years’, time, we want people to look back in disbelief at the way PowerPoint was being used to visualise trillions of dollars of transactions.”