Episode summary
AI Legal Firm Manifest OS Raises Funds at $750 Million Value | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 8 min · Hosts: Carol Massar, Tim Stenovec · Guests: Dan Mishin
Summary
Manifest OS raised a $60 million Series A at a $750 million valuation to build AI software for lawyers, and founder and CEO Dan Mishin argued the company is aimed at making legal services cheaper, faster, and more accessible. He said the core problem in legal services is the billable-hour model, which leaves clients uncertain about costs and delayed on updates while lawyers spend much of their time on non-legal work.
Mishin said Manifest OS helps experienced attorneys launch AI-native practices with centralized support for accounting, back-office work, and case preparation, while keeping a human lawyer in the loop for final judgment. He framed the product as a way to increase the supply of legal services by letting each lawyer handle more cases and focus on practicing law rather than running a firm.
He said the approach is best suited to high-volume areas like immigration, family law, and employment law, not highly complex, high-stakes litigation. Mishin said the company’s first AI-native law firm has served more than 3,000 clients in 18 months, with a 15% higher approval rate than the national average and response times three times faster.
Key takeaways
- Manifest OS raised $60 million in Series A financing at a $750 million valuation, with investors including Menlo Ventures, Kleiner Perkins, First Round Capital and Quiet Capital.
- Dan Mishin says the company’s mission is to help "end the billable hour" by making legal services more efficient and accessible.
- Mishin said 2/3 of lawyers at small firms spend most of their time on non-legal work, which is the inefficiency Manifest OS is trying to remove.
- The company says its first AI-native law firm has served more than 3,000 clients in 18 months and produced a 15% higher approval rate than the national average.
- Mishin said the model is better suited to immigration, family law and employment law than to very complex, high-stakes litigation.
Notable quotes
“It sealed a $60 million series A funding round valued at 750 million dollars”
“We are partnering with lawyers and we help them launch their practice from scratch”
“We always keep a human in the loop because reality is like attorneys have to have the final say over any document produced by AI”
How the episode opens
Bloomberg Audio Studios. Podcasts, radio, news. You're listening to Bloomberg Business Week with Carol Massar and Tim Stenovec on Bloomberg Radio. Sandwiched in between there, we talked a lot about AI. We did. That was my point. — Oh, okay. I was also thinking if we think about AI and that press conference that we just had from the Department of Justice that involved many lawyers standing up there.
Ah, nicely done.
There is a connection to Manifest OS. It's a startup that sells AI software to lawyers. It sealed a $60 million series A funding round valued at 750 million dollars.
We've got Dan Mission with us, the founder and CEO of Manifest OS. He joins us here in the Bloomberg Interactive Brokers Studio. You have a really interesting story.
You've you've started many companies. You started your first one at the age of 11, but it was you trying to navigate the immigration system here in the United States spending 10 tens of thousands of dollars. You're from Ukraine.
Uh, trying to navigate that that really got you to start this company. Tell us about that. Uh, well, thanks for having me.
Um, I was trying to come up with a better segue. I totally failed. Um, but um, look, I've been I've been a buyer of legal services as an entrepreneur building companies in the US and as an immigrant going through uh, 01 visa then a green card and then becoming a citizen.
And every time it was the same thing. It was like you commit to a certain billable hourly rate and you only know how much you spend about a month after the service was completed. And like that level of uncertainty is a standard in the industry.
And then you're chasing your lawyer to get updates on your on your case over email uh, and you're left in the dark.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- ai legal software
- venture capital funding
- series a valuation
- immigration citizenship story
- billable hour disruption
Companies and tickers mentioned
- Manifest OS
- Menlo Ventures
- Kleiner Perkins
- First Round Capital
- Quiet Capital
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
More from Bloomberg Businessweek Daily
-
Bloomberg Businessweek Weekend - November 13th, 2026 | Bloomberg Businessweek -
Inside Jensen Huang’s Final Hours as Nvidia CEO | Bloomberg Businessweek -
Jensen Huang's Exit Kicks Off Nvidia Strategy Reset | Bloomberg Businessweek -
Special Episode: Bobby Jain on Why He Chose Millennium Again | Bloomberg Businessweek -
Bloomberg Businessweek Daily Podcast: Jensen’s Nvidia Departure -
Take-Two Releasing Long-Awaited Grand Theft Auto VI Next Week | Bloomberg Businessweek
Bloomberg Businessweek Daily, this episode and its artwork belong to Bloomberg. Octagon is not affiliated with the show; this page is an independent summary.
