E-discovery company Casepoint is unusual among legal technology companies in that it has achieved significant growth in recent years, without taking on outside funding. Since 2015, the company has grown from 45 employees to 370, and in just the last year has seen its install base grow by more than 70 percent.
In this episode of LawNext, Haresh Bhungalia, the chief executive officer of Casepoint, joins host Bob Ambrogi, to discuss the company’s history, growth and current position in the market. They also discuss Bhungalia’s thoughts about whether and when to take outside funding, the benefits of avoiding outside funding, and scaling a company based on organic growth.
Bhungalia was just 25 when he launched his first company, 2020 Company LLC, a government services business that provided technology systems integration, development and support to federal government entities including the Federal Aviation Administration and the Centers for Disease Control and Prevention. After growing that company to 650 employees, he and cofounder Paresh Ghelani sold it in 2012.
While still at 2020, Bhungalia had been an angel investor in and advisor to a new startup, then called Legal Discovery, that had developed one of the earliest cloud-based e-discovery platforms. After selling 2020, he joined Casepoint as CEO, where he has been instrumental in its growth.
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