The liverwort, Marchantia polymorpha L., one of the species of first land plants is a promising model plant system for the analysis of diverse facets of contemporary plant biology. The unique characteristics of the plant such as dominant haploid gametophytic generation enables the isolation and disruption of mutant for genetic analysis, rapid sexual and asexual reproduction can be induced under controlled conditions which leads to the formation of genetically homogenous lines and also the complete organelle genome sequence of chloroplast and mitochondria has been established. In addition, the ongoing whole genome sequencing of M. polymorpha by the community sequencing plan at the Joint Genome Institute specifies the conservation of several mechanisms of biological science that are instituted in other terrestrial plants in a smaller extent of intricacy. Thus, with the development of several feasible and reliable genetic transformation strategies, in vitro cell culture, gene silencing, targeted gene modification and its critical evolutionary position make this plant as a potential model plant to study evolutionary and developmental biology in detail.