LEX AI — Investment Memorandum
LEX is an AI-powered legal analytics platform for Ukraine — built on 119M+ open-data records, with MCP-native integration for Claude, GPT, and Cursor. Live in production at legal.org.ua.
1. Founding Team
Volodymyr Ovcharov — Co-founder & CTO
BSc Applied Mathematics, National Technical University "KPI" (Kyiv Polytechnic Institute). Former researcher at the V.M. Glushkov Institute of Cybernetics, National Academy of Sciences of Ukraine. 15+ years building scalable data-processing, NLP, and AI-infrastructure platforms.
Igor Kyrychenko — Co-founder & CEO
PhD in Law. Deep expertise in Ukrainian and international law, court practice, and legal analytics. Bridges academic legal rigour with the practical requirements of working lawyers.
Complementary team: technical expertise (AI, infrastructure, scaling) + legal science (PhD) = a product architected by people who understand both technology and law.
2. Why Now
- LLM inflection point — GPT-4o, Claude 3.5 and Bedrock reached production-grade quality for legal reasoning.
- Ukrainian open-data wave — 11 NAIS registries + EDRSR + Prozorro + tax registries, 119M+ records opened since 2020.
- EU AI Act (effective 2026) — creates tailwinds for transparent, auditable, citation-verified legal AI.
- Productivity crisis — Ukrainian lawyers spend 60–70% of billable time on research with 2000s-era keyword tools.
3. Product
LEX combines court-decision search, legislation analysis, change monitoring, and MCP integration with LLM clients (Claude, GPT). No direct AI competitors in Ukraine.
- Semantic vector search across 110M+ EDRSR court decisions (Qdrant + OpenAI embeddings)
- Judge performance analytics — 12,000+ profiles with appeal-reversal rate, deadline violations, court specialisation
- 100+ MCP tools for Claude Desktop, Cursor, VS Code, ChatGPT
- REST API + SSE streaming for B2B integrations
- Legislation change monitoring (200,000+ acts from Verkhovna Rada)
- AI citation verification (HallucinationGuard + CitationValidator in production)
- E2E-encrypted consultations + attorney marketplace (ЄРАУ verification + Monobank escrow)
4. Production Data Assets — 119M+ records
- EDRSR — 8.8M metadata + 53M RTF full-text files (1.4TB)
- NAIS state registries — 41.8M records (debtors 10M, enforcement proceedings 29M, notaries, experts, bankruptcies, regulatory acts)
- Tax registries — 1.83M records (as of Feb 2022, last pre-invasion dump)
- OpenReyestr (business registry) — 4.5M entities, sole proprietors, NGOs, beneficiaries
- Sanctions — 1.3M (OpenSanctions global, RNBO national)
- Prozorro public procurement — 706K+ tenders
- Vector embeddings — 2M+ in Qdrant, text-embedding-3-small (1536d)
- Parliament — 450 deputies, 10K+ bills, complete voting records
5. Business Model & Unit Economics
| Plan | Price | Target |
|---|---|---|
| Individual | £23/mo | Solo attorneys |
| Professional | £39/mo | Active practitioners |
| Firm | £79–239/mo | Law firms (2–20 seats) |
| Enterprise | Custom | Corporate legal departments |
| API / MCP | Pay-per-query | B2B developers |
Average query cost £0.016, average client price £0.040, average gross margin ~60%. Attorneys make 50–200 queries/day.
6. Competitive Landscape
| Company | Country | Valuation / Revenue | Focus |
|---|---|---|---|
| Harvey AI | USA | £1.2B+ valuation | AI for law firms |
| Clio | Canada | £2.4B+ valuation | Practice management + AI |
| LexisNexis (RELX) | USA / UK | £11B+ revenue | Legal analytics, databases |
| LEX (legal.org.ua) | Ukraine | Seed stage | AI legal + MCP |
7. Market Sizing
- TAM (global legal AI 2026): £400M+
- SAM (legal IT Ukraine + CEE): £40M
- SOM (first 2 years, Ukraine): £1.6–4M
- 60,000+ attorneys (UNBA), 5,000+ law firms, 10,000+ corporate legal departments
8. Traction
- Live production since Q4 2025 at legal.org.ua
- 50+ registered users (organic, no paid acquisition)
- 3 Letters of Intent from mid-size law firms for Professional / Firm plans
- 100+ MCP tools deployed — production-grade via Claude Desktop and API
- Backed by AWS Activate
9. Technology Moat
- Data moat: 119M+ records + 53M RTF files. Replicating would require months of crawling, parsing, indexing.
- MCP protocol: first and only legal platform in Ukraine with native MCP integration. Network effect as LLM clients adopt MCP.
- AI pipeline: semantic search, citation verification, pattern detection — production-hardened across 119M+ records.
- Domain expertise in code: PhD lawyer as co-founder — legal taxonomy, court hierarchy, procedural rules encoded as first-class domain models.
Contact
Email: info@legal.org.ua · Website: legal.org.ua · Developer API: legal.org.ua/developer/docs
Related materials: Ukrainian investor letter · Pitch deck · Technical blog (39 articles)