
Bodhala applies data science, machine learning and AI-driven insights to help companies analyze, interpret and optimize legal spend. The company’s proprietary benchmarking metrics and rate review algorithms generate detailed insights into every aspect of legal spend. The dashboard puts the information users need to help users make more cost-effective decisions about legal service providers, boosting efficiency and improving the bottom line.

Bodhala applies data science, machine learning and AI-driven insights to help companies analyze, interpret and optimize legal spend. The company’s proprietary benchmarking metrics and rate review algorithms generate detailed insights into every aspect of legal spend. The dashboard puts the information users need to help users make more cost-effective decisions about legal service providers, boosting efficiency and improving the bottom line.
Product: SaaS platform that uses data science and ML to analyze, benchmark, and optimize outside counsel (legal) spend
Founded: 2014 (New York City)
Series A: $10M led by Edison Partners (Apr 22, 2020)
Exit: Acquired by Onit (announced Sep 1, 2021)
Company size (snapshot): ~6 employees
Outside counsel/legal spend optimization and benchmarking for corporate legal departments.
2014
Legal technology
10,000,000 USD
Reported Series A investment of $10M. Company stated total funding of $15M as of this date.
Acquired by Onit and operates as a subsidiary.
“Series A led by Edison Partners; other investors/shareholders reported include M7 Holdings and Varun Mehta; later acquired by Onit.”