Advocado sells business operations

Legaltech had filed for insolvency proceedings at the end of June. Now the future of the business seems secure.

Legaltech Advocado has had a turbulent few months. At the end of June, the start-up filed for insolvency proceedings in Stralsund. The company was nevertheless able to maintain business operations during that time. Now it has sold it to Legal Tech Lab 22 GmbH, a technology company from the Gansel Group.

Advocado developed an online platform to bring together people seeking legal advice and lawyers. There, consumers can describe their concerns and are then supposed to receive a callback from a lawyer within two hours on weekdays for a free initial assessment. The start-up uses special software to support case processing. Together with the Gansel Group, it now wants to become a "360-degree service provider" for lawyers, supplying everything from law firm software to a comprehensive network of appointment representatives. Consumers will soon also be able to obtain information on legal cost financing and legal protection.

"There is a unique opportunity in this merger. As a strategic partner, we would like to support Advocado in the development of new services for the legal market in order to be able to implement innovative ideas even faster," says Kaja Keller, Managing Director of Legal Tech Lab 22 GmbH, which will manage the Advocado brand in the future.

The 35 employees are to be retained, as are both locations in Greifswald and Berlin. "I am very pleased that the Gansel Group of Companies has recognized the quality and growth potential of Advocado and has expressed its confidence in the team," says the current CEO Andreas Schröteler, who will continue to be part of Advocado's management alongside Keller.