8+ Opportunities to Capitalize on The Legal Tech Boom
It takes a lot of apps to run a business these days. In 2023, the average company used 80 SaaS apps in their operations… talk about a tech STACK.
One category that’s having a growth spurt: Legal tools.
With 35% year-over-year customer growth and ~$30B in market size, legal tech is dominating the global workplace. Driving the trend are contract management apps like Ironclad, and legal jack-of-all-trades like LegalZoom.
And then AI entered the chat…
Source: Google Trends, six-month rolling average
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Notable money moves this year include Luminance’s $40m round and Robin AI’s $26m Series B raise.
If we broaden our definition of “legal tech” to include tools that help with any legal processes — filing, contracts, business formation, and compliance — the trend is even clearer.