LegalZoom is an online legal documents company that is suing their rival Rocket Lawyer Inc. over violations of Federal Trade Commission guidelines. LegalZoom is claiming that Rocket Lawyer is using unfair business tactics for “the purpose of injuring LegalZoom.”
Online document service LegalZoom has raised more than $100 million in funding to date, including a recent $66 million from Kleiner Perkins and Institutional Venture Partners. Brian Lee’s LegalZoom already has more than $100 million in revenue and almost 2 million customers have used the service to create their own legal documents. TechCrunch reports that LegalZoom anticipates an IPO in the future, but isn’t rushing toward the prospect.