01/10/26

Falcon raises €1.5 million to bury the billable hour in the legal profession

GHENT/BRUSSELS, 2 October 2026 – The entrepreneurs behind mobility platform Mbrella — acquired by D’Ieteren at the end of last year — are launching Falcon, a new law firm, together with former Freshfields lawyer Rémy Bonnaffé. With Falcon they aim to reinvent legal services for businesses through artificial intelligence, same-day contract reviews and fixed monthly prices instead of billable hours. The Belgian start-up is raising €1.5 million in fresh capital to make legal services faster and cheaper. Among others, former Allen & Overy top executive Wim Dejonghe joins as an advisor. Loop Earplugs is one of the first paying clients.

Amaury Gérard, Quinten Vandermeulen and David Nguyen previously built Mbrella together. During that growth period they repeatedly ran into the same problem: contracts that sat for weeks slowed down potential deals, while legal costs were hard to predict and quickly mounted. “We were tired of paying four thousand euros and then waiting three weeks for a contract we needed signed by Friday,” says co-founder and CEO Amaury Gérard. “So we built what we ourselves had wanted when we were running Mbrella.” With Rémy Bonnaffé, formerly a lawyer at Freshfields, they brought on a fourth co-founder who provided the legal expertise to turn that frustration into a new kind of law firm.

AI with a human touch = speed without sacrificing quality

Falcon calls itself an AI-native law firm. According to the founders, the difference is not in using AI — more and more law firms do that — but in how the firm has been built from the ground up. Falcon starts from the idea that AI can take over a large part of legal work, and organises the technology, processes and business model entirely around that.

At the start of the relationship, companies lock in their commercial terms and risk profile in a legal ‘playbook’. When they then send a contract through Slack or Microsoft Teams, for example, Falcon analyses that document against those own rules. The system maps risks and proposes changes. A lawyer then reviews the result and personally signs off before it goes back to the client the same day.

“We are not selling an AI tool that lets a lawyer work faster,” says co-founder Quinten Vandermeulen. “The legal work disappears entirely from the client’s desk. AI does the bulk of the work, but every result still carries the name and responsibility of a real lawyer.”

Falcon starts with commercial contracts such as NDAs, customer and supplier contracts and DPAs. Instead of paying per hour worked, clients pay a fixed monthly amount.

Why the legal profession will not reinvent itself

According to Falcon, part of the problem lies in how traditional law firms make money. That is exactly where the shoe pinches, the founders say: as long as revenue, promotions and bonuses remain tied to the number of billable hours, there is little incentive to suddenly handle the same legal work ten times faster.

"The hourly rate is not only how law firms bill — it shapes how they are built," says Rémy Bonnaffé, co-founder and Chief Legal Officer of Falcon. "It is hard to ask a lawyer to do work ten times faster if that also means shrinking her own revenue. That is why we believe this change has to come from outside the traditional legal profession."

Co-founder and CTO David Nguyen expects the sector to change fundamentally as a result: “In ten years, law firms will look completely different. They will mirror technology companies that build their services around automation and scalability. Just as Revolut is also built fundamentally differently from a classic bank.”

First clients and backing from the legal world

One of the first companies working with Falcon is Belgian firm Loop Earplugs. After a trial phase, the company moved to a paying contract. “Price was never really the main factor for us. Speed was,” says Loop co-founder Dimitri O. “A contract that sits in someone’s inbox for two weeks means a deal does not move for two weeks.”

Falcon is also getting striking support from the legal world for its launch. Wim Dejonghe, former global senior partner of Allen & Overy, now A&O Shearman, is founding advisor. “AI creates an opportunity not only to rethink how legal work is done, but also how legal services are offered and priced,” says Dejonghe. “Falcon is building that model from scratch.”

€1.5 million in start-up capital, ambition of €1 million ARR

To build the model further, Falcon is raising €1.5 million in a pre-seed round. The round is led by Brussels-based Syndicate One, together with among others Stelena Capital, Greenpark Investment Partners, RDY Ventures and French firm Source Ventures. Twelve business angels from the legal and technology sectors are also investing, including former Silverfin CEO Tim Vandecasteele.

Falcon is starting from Ghent and Brussels and, beyond its Belgian home market, is also targeting the Netherlands, France and the United Kingdom. The company aims for €1 million in annual recurring revenue within the first year.

About Falcon

Falcon is an AI-native law firm founded in 2026 for commercial legal services. The company combines AI technology with review and approval by qualified lawyers and works with fixed monthly fees instead of billable hours. Falcon was founded by Amaury Gérard, Quinten Vandermeulen, David Nguyen and Rémy Bonnaffé and is based in Ghent and Brussels.

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