Bloomberg Law
April 16, 2019, 5:57 PM

ANALYSIS: Legal Tech Investments Top $400M in Q1

Meg McEvoy
Meg McEvoy
Legal Analyst

Legal technology—applications and processes designed to address the acknowledged lack of efficiency plaguing legal practice—is a fast-growing market. Companies that focus on optimizing legal processes through technology are springing up and scaling quickly.

According to a report by investment bank Investec examining developed geographic markets, investment in legal technology “startups and scaleups” was around $1 billion last year. 2019 is likely to see even more investment; data compiled by Bloomberg from company disclosures and startup database Crunchbase indicates that legal tech funding in the first quarter of 2019 alone already topped $400 million.

This report will identify the major investing ...

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