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MOUNTAIN VIEW, Calif. - LegalZoom.com, Inc. (NASDAQ:LZ), a legal technology company that has delivered an impressive 75.73% return to investors over the past year according to InvestingPro data, announced Tuesday the expansion of its intellectual property services to include patent filings through its law firm, LZ Legal Services. The new offering provides attorney-assisted provisional patent application services aimed at helping businesses and inventors protect their innovations.
According to the company’s press release, the U.S. Patent and Trademark Office granted 368,597 patents, representing a 5.7% growth for the period from December 2023 to November 2024.
LegalZoom’s new patent services start at $299 for a basic self-guided package, with premium attorney-assisted services beginning at $999. This pricing structure contrasts with traditional offline law firms, which the company states charge an average of $5,500 or more for preparing provisional patent application filings. The company’s efficient pricing strategy has contributed to its impressive 65.71% gross profit margin, as reported in InvestingPro’s latest financial analysis.
"We aim to make it as easy and affordable for inventors and businesses to take the critical step of protecting their intellectual property, with the guidance of LZ Legal Services’ experienced lawyers at their side," said Nicole Miller, Chief Legal Officer at LegalZoom.
The service includes support from in-house USPTO-registered patent attorneys and agents. Customers can add supplementary services such as comprehensive patent searches and custom professional drawings to illustrate inventions.
LegalZoom indicates the new offering is designed to help individual inventors and early-stage startups establish credibility with investors by securing patent-pending status, while also providing growth-stage companies without in-house legal teams a path to file multiple patent applications.
The company reports this expansion builds on its existing trademark registration services, continuing its approach of combining technology with legal expertise to make legal services more accessible. With revenue growth of 4.19% and a strong financial health score rated as "GOOD" by InvestingPro, LegalZoom appears well-positioned to execute this expansion strategy. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report about LegalZoom’s growth prospects and market position.
In other recent news, LegalZoom.com Inc. reported its second-quarter earnings for 2025, meeting earnings per share expectations with an EPS of 0.15 USD and surpassing revenue forecasts by reporting 192.5 million USD, which was 5.35% higher than the anticipated 182.72 million USD. Despite this positive financial performance, the company’s stock experienced a decline in aftermarket trading. In terms of strategic developments, LegalZoom has been focusing on expanding its subscription services, with subscription unit growth accelerating to 22% in the second quarter, up from 20% in the first quarter and 14% in the fourth quarter of 2024. UBS has responded to this growth by raising its price target for LegalZoom to 12.00 USD, maintaining a Neutral rating. Meanwhile, BofA Securities upgraded LegalZoom’s stock rating to Buy, raising its price target from 8.00 USD to 12.00 USD, citing the company’s strategic shift toward subscription-based services and new artificial intelligence collaborations. These developments indicate a positive outlook from analysts regarding LegalZoom’s strategic direction and financial performance.
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