Legora reports 95% gross retention and positive gross margins

In a September 8 update, Legora reported 95% gross retention and 300%-plus net revenue retention, highlighting both customer retention and expansion. It also reported a daily-to-monthly active user ratio above 50%, with the average active user spending 17 hours a month in the product. Legora said its August pilot win rate was 78% and gross margins were positive and improving each quarter, arguing that scaling negative margins only makes the problem worse. A user sharing the update pointed to retention and competitive pilot wins as an explanation for what they described as Legora’s 9x annual growth.