Harvey: AI for Lawyers

In early 2025, Winston Weinberg and Gabe Pereyra, co-founders of Harvey AI, reflected on the company’s meteoric rise as a pioneer in AI-powered legal technology. Since its founding in 2022, Harvey had transformed how lawyers approached research, drafting, and document analysis, securing major law firms and corporate legal teams as clients. By early 2025, Harvey had surpassed $50 million in annual recurring revenue (ARR), expanded its global footprint to 235 enterprise customers, and achieved a $3 billion valuation. Despite its rapid growth, Harvey faced pivotal strategic questions. The legal technology industry was becoming increasingly competitive, with both legacy players integrating AI into their offerings and new startups emerging with specialized solutions. While Harvey had successfully focused on aggressive customer acquisition, retention was now the key challenge. Could it deepen engagement with existing clients through enhanced technology integration and workflow automation? Should it expand beyond its core offerings into new legal technology verticals? And how could it balance product innovation with scaling its enterprise customer base? As Weinberg and Pereyra weighed their options, they remained committed to their ambitious vision: building an autonomous AI legal agent capable of handling end-to-end legal work. But as Harvey navigated the evolving landscape of AI-powered professional services, they had to ask—what was the best path forward to sustain growth, ensure defensibility, and cement Harvey’s leadership in the legal AI revolution?