Proof of Usefulness Report

Litify

Analysis completed on 2/9/2026

+688
Proof of Usefulness Score
Category Standard

Litify is a verified market leader in legal technology, generating an estimated $50M+ ARR with backing from Bessemer Venture Partners. The platform manages operations for over 400 enterprise clients and 55,000 legal professionals. While the project itself is of high value and 'unicorn' status (valuation ~$400M), the submission was low-quality, containing factually incorrect claims (e.g., audience is 'everyone', traction is 'most people'). The score reflects the company's proven real-world utility and massive traction, adjusted downward for the poor quality of the submission data.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+144.0
Technical Innovation+120.0
Evidence Of Traction+190.0
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+781.5
Usefulness Multiplierx0.88
Final Score+688

Project Details

Project URL
litify.com
Description
The platform powering legal’s top performers. Litify helps law firms and in-house teams achieve better business performance with an all-in-one platform that standardizes, measures, and improves their legal operations. The industry-leading platform combines secure cloud-based technology, configurable and automated workflows, and a powerful business analytics engine to deliver a solution that evolves with each business. Capabilities include matter and intake management, document generation, timekeeping and billing, legal front door and corporate ebilling, real-time dashboards and analytics, mobile, and much more. Litify was named the Practice Management Solution Provider of the Year by LegalTech Breakthrough — two years in a row. Litify was also recognized as the Case & Matter Management Solution of the Year by Theorem Marketplace.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline