Login
Westpac invests $10m in Lawpath
Australian online legal and business services platform Lawpath has secured a $10 million investment from Westpac as the bank moves to better support start-ups and SMEs through access to legal and business services.
Jerome Doraisamy
Australia’s oldest bank and company, Westpac, has made a strategic investment of $10 million in Lawpath, which the provider said creates an exclusive partnership aimed at democratising legal and business services for start-ups and SMEs across the country.
The investment will accelerate the development of Lawpath’s legal and compliance tools, making essential business services more accessible and affordable for Westpac customers and Australian businesses.
Lawpath, whose mission is to make legal services accessible and affordable for all businesses, boasts a comprehensive suite of legal and compliance solutions, powered by advanced AI technology and supported by a network of expert professionals.
Speaking about the investment, Westpac acting chief executive (business and wealth) Peter Herbert said: “Lawpath currently supports half a million businesses to set up and grow, helping drive an important sector in the economy.”
“As part of the partnership, Lawpath can help Westpac customers make starting and running a business easier, including registering an ABN, setting up a website or accessing expert small business legal services.”
“Our investment in Lawpath aligns with Westpac’s strategy to partner with companies which offer our customers services to help run their business and make the complex simple.”
Lawpath chief executive Dominic Woolrych said: “Our ambition is to make the law more accessible to small business and support them with a broad range of services to help them thrive.
“We’ve seen increased demand for our services over the past few years, including in our artificial intelligence solutions, which are helping to simplify the complexity of starting and running a business.
“We are delighted to partner with Australia’s oldest bank and company to help more businesses to get started and grow and support growth in the economy.”
The investment comes amid a flurry of achievements for Lawpath, namely that it has now supported over half a million businesses across Australia, with its software now being used to incorporate 7 per cent of all businesses in the country.
It has also recently launched its own accounting division, offering comprehensive accounting solutions to complement its existing legal services platform.
Moreover, and in partnership with Amazon Web Services and LLM builder Anthropic, Lawpath has built Lawpath AI, which the provider said completes 30 per cent of the tasks previously completed by human lawyers and is achieving a 25 per cent reduction in customer support response times through intelligent automation.
“Lawpath AI has allowed us to unlock legal help at scale. Shifting legal from a one-to-one model to a one-to-many model has meant we can provide legal help on-demand, at scale at a fraction of the traditional cost,” said Woolrych.
“Our AI technology is helping to simplify the complexity of starting and running a business, making legal services more accessible and affordable than ever before.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
