JULY 27–GOVERNOR HOCHUL ANNOUNCES AI COMPANY LEGORA TO CREATE OVER 550 JOBS THROUGH MAJOR NEW YORK CITY EXPANSION
Summary
Governor Kathy Hochul has announced that Legora, an agentic operating system for legal work, will expand its U.S. operations with a new 98,420-square-foot office at 11 Madison Avenue in Manhattan. This expansion is expected to create over 550 new full-time jobs across engineering, product development, and corporate functions.
To support this growth, Empire State Development is providing up to $10.5 million in performance-based tax credits through the Excelsior Jobs Program. This investment is tied to the company's commitments to job creation and significant research and development investments. The project aims to reinforce New York's position as a global hub for artificial intelligence and high-growth technology sectors.
Legora executives, including CRO Patrick Forquer and CFO David Eckstein, noted that the new office will anchor their North American growth and support their expanding global customer base of over 1,500 law firms and corporate clients. The initiative aligns with Governor Hochul's broader strategy to attract cutting-edge technology companies to New York State.
(Source:Whiteplainscnr)