Norm builds an AI-native law firm for enterprises, using supervised AI agents to deliver legal services with outcome-based pricing instead of hourly billing.
$120MSeries C
A $120M Series C for legal AI signals that outcome-based pricing models are now fundable at scale—VCs are betting enterprises will pay for results, not hours. Norm's mix of institutional LPs (Vanguard, TIAA, New York Life) suggests this isn't hype; it's capital treating legal automation as infrastructure. If you're building any B2B service with opaque pricing or time-based billing, this round is a reminder that your unit economics might be the real blocker, not your product.