The legal tech industry has seen a huge increase in venture capital investment. One billion dollars was invested last year and from the looks of it, we’re on pace to do it again.
Venture capitalists are betting on growing valuation quickly, no matter the losses, and liquidating their investment by selling the company to another company or private equity firm. Very, very few will go public.
That’s a good bet in some cases based on the inefficiencies in the delivery of legal services and the ability for technology and innovation to reinvent the delivery of legal services and the processes behind this delivery.
