Quarterly investment in legal tech companies reached new heights in the third quarter, with nearly $700 million in disclosed funding to legal tech firms. Q3’s results mean that funding of legal tech in 2019 has exceeded the $1 billion mark well ahead of year’s end.
According to figures compiled by Bloomberg Law, Q1 saw $408 million in legal tech investment and Q2 had $122 million in investment, which bring total 2019 legal tech investment to $1.229 billion.
2018 was a record year, with legal tech investment hitting $1 billion. As Bob Ambrogi pointed out, half of that $1 billion ...
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