Legal Technology Sector Sees Advancements, Unicorns in 2021 — from pymnts.com
Excerpt:
Legal technology saw numerous advances in 2021 as the still-blooming sector saw greater activity, Reuters reported Wednesday (Dec. 29).
Legal tech involves companies making a variety of tools and services for law firms, corporate legal departments and consumers to use. The sector involves products for eDiscovery, legal spend analytics, lawyer selection, document review and contract management.
LegalZoom.com, CS Disco and Intapp all had initial public offerings (IPOs) this year, and multiple legal tech companies attracted venture capital and private equity investors. Some of their funding rounds reached into the hundreds of millions.