Legora announced a $550 million funding round at an $8.8 billion valuation on October 21, 2026, after CEO Max Junestrand met with institutional investors including Fidelity, Baron Capital and Capital Group rather than VCs. Reporting since then has established that more than half of Legora's incoming business next quarter comes from enterprise legal departments. The discussion covers how legal AI adoption differs from coding, why small firms and in-house teams are the fastest-growing segment, and Legora's own benchmark suite of over 5,000 real tasks.