AI companies are booming, and legal technology is riding the wave as investors search for sectors where generative AI, the latest breakthrough, will have a big impact. This is great news for lawyers and consumers of legal services.
Investor interest in legal tech “seems to only be growing” reports Crunchbase . Legal tech startups raised $871 million in 2023 and have already surpassed that in 2024. Valuations of 30-100x revenues are additional indicators of booming enthusiasm. Indeed, it feels almost bubbly.
