Fondia Plc

Company release

2025-05-19 at 8.05 a.m. EEST

The Board of Directors of Fondia Plc has approved the company's updated medium-term financial targets and key initiatives for the coming years in order to implement its strategy and achieve profitable growth.

Fondia's strategy

Founded in 2004, Fondia is a bold rewriter of the legal industry, which has introduced to the market a new category of legal services by combining the best aspects of internal and external legal services. Fondia provides Legal Department as a Service (LDaaS), other ongoing legal services, and assignment-based legal support to business customers across the Nordics and Baltics. Fondia's concept delivers business-oriented, technology-enabled, proactive, and scalable legal services for businesses, without the fixed costs of an in-house legal department.

Operating at the forefront of legal industry transformation, Fondia leverages technology to increase efficiency, transparency, and the quality of customer experience. Fondia is agile in adopting new tools and shares the benefits of legal tech innovation directly with its customers.

Fondia is a dynamic and human-centric workplace that attracts top legal talent. It offers its professionals long-term customer relationships, opportunities for specialization, strong professional support, and access to the latest legal technologies. This enables the company to build sustainable competitive advantage in both customer and talent markets.

Financial targets and profit distribution policy

Updated medium-term financial targets (19 May 2025):
Fondia's medium-term target is for the company's organic growth-% and adjusted EBITDA-% to total at least 20% annually.

Previous medium-term financial targets (16 March 2017):
Fondia's medium-term targets are an annual average growth in net sales of approximately 15% and an average operating profit margin of approximately 15%.

Fondia's dividend policy (16 March 2017) remains unchanged:
Fondia aims to distribute at least two thirds (2/3) of its earnings per share as dividends to shareholders.

Strategic initiatives

Fondia will implement its strategy in the coming years and aim for profitable growth through four key initiatives: enhancing customer work efficiency, strengthening employee experience, renewing the Legal Department as a Service (LDaaS) offering, and leveraging new legal technology.

Enhancing customer work efficiency means shifting the organizational focus more strongly towards customer work by increasing the share of lawyers within the overall personnel and developing structures that enable more effective use of their time in delivering customer value. The aim is to improve the customer experience, increase the proportion of time spent on customer work, and enhance business profitability.

Strengthening the employee experience involves clarifying the company's shared direction and investing in professional development, high-quality leadership, and a human-centric, sustainable working environment. The goal is to strengthen engagement and in a competitive talent market attract and continuously train legal professionals who have the ability to combine legal and business thinking, and to effectively utilize technology and AI in their daily work.

Renewing the Legal Department as a Service (LDaaS) offering is based on customer feedback and includes updates to the service content, pricing model, and information systems. As part of the renewal, Fondia will launch two new tools, Legal Review and Legal Plan, designed to create a more systematic and impactful foundation for delivering proactive legal services. The goal is to improve customers' risk management and legal foresight as part of their everyday business operations. Fondia's LDaaS offering is blending the traditional legal services with startup-style agility and user-friendliness.

Leveraging new legal technologies means that Fondia actively monitors, tests, and adopts legal tech solutions that add value to customer work. The company recognizes the dual impact of technology: while it reduces demand for some traditional legal services, it also creates new, more business-driven ways to deliver legal value. The aim is to improve service efficiency, meet evolving customer expectations, and enforce Fondia's position as a frontrunner in technology-enabled legal services.

"Fondia has always had the ambition and capability to reshape the legal services market. Our unique Legal Department as a Service (LDaaS) model differentiates us from traditional players, and we are continuously improving it with a customer-centric and technology-driven approach. In addition to our established position in Finland, we have systematically expanded our operations in Sweden, Estonia, and Lithuania, with Sweden being a key strategic growth market for the coming years. Generative AI and other technologies are transforming the legal industry at pace, and we are leveraging these advances to both enhance our services and improve internal efficiency. In 2025, our primary focus will be on improving customer work efficiency that supports all of our strategic priorities: strengthening the employee experience, renewing LDaaS, and leveraging new legal technologies. Human excellence is always at the heart of everything we do", says Timo Lappi, CEO of Fondia.

Fondia Plc

Board of Directors

For further information, please contact:

Johan Hammarén, Chair of the Board of Directors, tel. +358 40 752 0402

Timo Lappi, CEO, tel. +358 40 756 7809

Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 (0)50 5204098

Fondia in brief

Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group's net sales in 2024 were €25.6 million. Fondia employs around 180 people.

www.fondia.com

Distribution: 

Nasdaq Helsinki Ltd 
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