UpCounsel Crowdfunds $3.3m, Plans IPO + Cuts Legal Costs By 75%! — from artificiallawyer.com
Excerpt:
The last point is how this helps to encourage more crowdfunding in this sector. Ruby Datum the VDR company is also currently doing a crowdfunding, and Clocktimizer was funded in the same way before it was bought up by Litera. So, perhaps we will see more approaches like this. That said, UpCounsel is itself owned by an investment group – along with 1,630 others now, so it’s not a pure-play crowdfunding in its entirety.
This will be watched by the VC world and the legal market in general for signs of whether it is succeeding with its goals.
Also see:
TECHREPORT 2021: Technology Training — from lawtechnologytoday.org by Sofia Lingos
