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	<title>BIA/Kelsey - Local Media Watch &#187; legal</title>
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		<title>Avvo Gets $10 Million in New Round</title>
		<link>http://staging.blog.biakelsey.com/index.php/2010/03/19/avvo-gets-10-million-in-new-round/</link>
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		<pubDate>Fri, 19 Mar 2010 16:17:52 +0000</pubDate>
		<dc:creator><![CDATA[Peter Krasilovsky]]></dc:creator>
				<category><![CDATA[Funding]]></category>
		<category><![CDATA[Verticals]]></category>
		<category><![CDATA[Avvo]]></category>
		<category><![CDATA[legal]]></category>
		<category><![CDATA[Mark Britton]]></category>

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		<description><![CDATA[<p>Avvo, the free legal ratings and review site that has taken on the giant legal publishers that have long dominated the business, announced that it has raised $10 million in Series C funding. The new round adds to $13 million&#8230;</p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2010/03/19/avvo-gets-10-million-in-new-round/">Avvo Gets $10 Million in New Round</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img class="alignnone" src="http://assets1.avvo.com/images/homepage_logo.png?1265822582" alt="" width="288" height="145" /></p>
<p><a href="http://www.avvo.com">Avvo</a>, the free legal ratings and review site that has taken on the giant legal publishers that have long dominated the business, announced that it has raised $10 million in Series C funding. The new round adds to $13 million previously raised. The round was led by DAG Ventures, which joins existing investors Benchmark Capital and Ignition Partners.</p>
<p>The company&#8217;s business model relies on advertising and enhanced legal profiles. Avvo says it now covers 90 percent of U.S. lawyers. Legal is a $225 billion industry in the U.S. The industry spends about $4.5 billion annually on marketing.</p>
<p>CEO Mark Britton says that the company has grown rapidly, and now has 38 employees, including 18 sales people. The key to winning the new funding was the company&#8217;s success&#160; in selling advertising to lawyers. Advertising&#160; launched in early 2009, with a wide range of offerings &#8220;from $25 to thousands of dollars&#8221; a month .</p>
<p>Lawyers are always very busy, but can be sold if you understand their specific needs as a divorce specialist, or a real estate lawyer, says Britton. They also want to do more than by advertising, wanting to discuss ways to improve their profile on the site, etc.&#160; &#8220;Lawyers need a lot of help.&#8221;</p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2010/03/19/avvo-gets-10-million-in-new-round/">Avvo Gets $10 Million in New Round</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
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