Lawyers transitioning into legal tech have founded three unicorns.

Zhihui Ya (PatentSight) has grown into a global enterprise, with a product portfolio including a global patent database, intellectual property management systems, and the Yingce patent analytics platform. As of 2022, it employed over 1,200 people—800 to 900 of them in China—and served more than 10,000 clients across over 50 countries, including universities, research institutes, and technology-driven industries such as biopharmaceuticals, chemistry, automotive, new energy, telecommunications, and electronics. In March 2021, Zhihui Ya completed its USD 300 million Series E financing round, led by Tencent and SoftBank Vision Fund 2, with participation from CPE Capital and existing investors including Sequoia China. Its valuation exceeded USD 1 billion, officially qualifying it as a unicorn. What other rapidly growing 'rising stars' exist? Beyond the above-mentioned companies valued at over USD 1 billion, numerous legal tech firms have experienced rapid growth in recent years: Harvey AI — An official OpenAI-endorsed legal AI company Harvey AI is a legal AI startup founded in November 2022. Its product is a large language model specifically tailored for legal professionals, assisting lawyers with contract analysis, due diligence, and generating data-driven recommendations. Gabriel Pereira, Harvey AI’s co-founder and CEO, was formerly a securities and antitrust litigation attorney at the top U.S. law firm O’Melveny & Myers. Winston Weinberg, co-founder and CTO, previously worked as a research scientist at DeepMind, Google Brain (Google’s other AI team), and Meta AI. The two were roommates. Once, Pereira showed Weinberg OpenAI’s text-generation system; Weinberg immediately recognized its potential to improve legal workflows. After securing an initial USD 5 million angel investment from the OpenAI Startup Fund, Harvey AI signed agreements in 2023 with Allen & Overy—one of the world’s largest law firms—and PwC—one of the Big Four accounting firms. According to Sequoia’s official blog, approximately 15,000 law firms are currently on the waiting list to use Harvey’s AI products. Last December—just one year after its founding—Harvey AI announced an USD 80 million Series B financing round led by Sequoia Capital and OpenAI, valuing the company at USD 715 million. OpenAI’s Startup Fund has invested a total of USD 26 million across rounds. Robin AI Robin AI is another dark horse in the legal AI space last year. Founded in 2019, this legal tech company builds its technology upon Anthropic’s Claude large language model and offers a Microsoft Word Copilot plugin. Like other legal LLM products, it focuses primarily on legal contracts, using AI to automate contract drafting. Richard Robinson, co-founder and CEO of Robin AI, previously practiced as a litigation and dispute resolution lawyer at Boies Schiller & Flexner and Clifford Chance.

What key considerations should investors bear in mind when investing in Moldova?

As an emerging market in Eastern Europe, Moldova offers abundant opportunities for foreign investment—particularly for Chinese companies seeking global expansion. Strategically located and progressively aligning with EU standards, Moldova presents investors with a distinctive investment environment. With 14 years of experience in overseas investment law, the Yilü Yishun cross-border legal team provides in-depth analysis of critical legal issues Chinese companies must consider when investing in Moldova—ensuring both investment success and regulatory compliance. 1. Common Legal Issues Facing Chinese Companies in Moldova Regulatory Compliance: Foreign companies investing in Moldova face a constantly evolving regulatory landscape. As Moldova integrates more closely with the EU, its laws and regulations frequently change—especially in sectors such as agriculture, manufacturing, and information technology. Chinese companies must closely monitor these developments to avoid compliance pitfalls. Corporate Governance and Structure: Establishing a business in Moldova involves selecting the appropriate legal entity—subsidiary, branch office, or joint venture—which affects regulatory compliance and operational flexibility. Understanding and adhering to Moldovan corporate governance practices is essential, as they govern everything from directors’ responsibilities to financial reporting requirements. Taxation: Understanding Moldova’s tax system is crucial for financial efficiency and compliance. Foreign investors should familiarize themselves with corporate tax rates, VAT obligations, and potential tax incentives. Effective tax planning—including leveraging double taxation avoidance treaties—can significantly reduce tax burdens and enhance profitability. Labor and Employment Law: Moldovan labor law regulates employment contracts, employee rights, and employer obligations. Companies must account for local labor market conditions, which define terms for hiring and termination, wages, and working conditions. Adapting to these laws is vital for maintaining workforce stability and ensuring compliance. Intellectual Property Rights: For investments driven by technology and innovation, protecting intellectual property in Moldova is essential. Careful navigation of Moldova’s IP protection and enforcement framework—as well as relevant EU directives—is necessary to safeguard proprietary technologies and trademarks.

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