Harvey at $195M ARR
Jan-Erik Asplund
TL;DR: Now at a Sacra-estimated $195M annual recurring revenue (ARR) as of the end of 2025, Harvey is expanding aggressively into Europe to expand its market & capitalize on AI’s product-market fit in cross-border and multi-language legal work, putting it in direct competition with Legora. For more, check out our full report and dataset on Harvey.
We first covered Harvey in January 2025 at $50M ARR as it was using LLMs to challenge Westlaw and LexisNexis's $5B/year legal tech duopoly.
We followed up in June 2025 at $75M ARR as frontier reasoning models commodified legal reasoning and forced Harvey to scrap its fine-tuned legal model, then again in December at $150M ARR as transactional adoption accelerated while litigation use cases lagged.
Key points from our January 2026 update via Sacra AI:
- Sacra estimates that Harvey hit $195M in annual recurring revenue (ARR) in 2025, growing 290% year-over-year from $50M in 2024 and 19.5x since 2023, with 1,000+ customers across 59 countries and 500+ employees, valued at $8B as of its $160M Series F (a16z, December 2025) for a ~41x revenue multiple.
- With international law firms (non-domestic U.S. firms) as early adopters of AI legal software because of the volume of cross-border and multi-language work, they’ve become a key battleground with Harvey raising €50M in strategic investment from EQT Growth and expanding in Europe, opening offices in Dublin (late March) and Paris (Q2 2026), growing its London team to 75+ employees, and hiring Canva's former VP of EMEA Sales to lead the region, encroaching on the home turf of Stockholm, Sweden-based Legora ($265M raised, General Catalyst & Benchmark).
- Simultaneous AI adoption across vertically integrated AI law firms (Crosby), in-house counsel (Spellbook), solo & small firms (Clio), international firms (Legora), practice niches (Solve Intelligence for patent work) and legal services firms (PwC) along with mid-market & BigLaw firms (Harvey) compresses legal cycles & turn-around times and collapses the marginal cost of competent legal work product, putting real pressure on the billable hour model.
For more, check out this other research from our platform:
- Harvey (dataset)
- Harvey at $150M ARR
- Glean for law
- Harvey at $75M ARR
- Wade Foster, co-founder & CEO of Zapier, on AI agent orchestration
- Danny Wheller, VP of Business & Strategy at Hebbia, on vertical vs horizontal enterprise AI
- Hebbia (dataset)
- Glean (dataset)
- Writer (dataset)
- Zapier (dataset)
- Airtable (dataset)
- Anthropic (dataset)
- OpenAI (dataset)
- Mike Knoop, co-founder of Zapier, on Zapier's LLM-powered future
- Will Bryk, CEO of Exa, on building search for AI agents
- Retool: the $82M ARR internal app builder
- Anthropic vs. OpenAI
- Zapier: The $7B Netflix of Productivity [2021]
- Former Zapier partner on Zapier's commoditization of SaaS [2021]
- Airtable: The $7.7B Roblox of the Enterprise [2021]
