A recent piece "All rise: The era of legal startups is now in session" by Nicole Bradick in VentureBeat describes how funding for companies in the legal space (technology providers as well as Newlaw firms and LPOs) is starting to catch up to the market's potential. The legal market is undergoing serious changes, and Nicole's piece is worth reading to understand why it presents so much opportunity.
We were included as an example of a company doing innovative things in the area:
The upward trend is almost certain to continue, given that we are still in the early stages of disruption of such a vast industry. So far, in the first three months of the year, legal tech startups have received around $50 million in funding (or over $150 million if a more inclusive definition is used). Startups are attacking every segment of the legal market, including legal research (Judicata), legal self-help (Shake), online dispute resolution (Modria), contract automation (Diligence Engine), electronic discovery (Logikcull), practice management tools (Clio), legal marketplaces (UpCounsel), legal education (Mootus), analytics (Lex Machina), and more.
It's an honor to be mentioned among such excellent legal tech providers.