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LegalTech

Promises increased productivity, cost-efficiency, and competitiveness in the legal industry

Overview

LegalTech, sometimes referred to as LawTech, is the application of technology and software to support the legal industry and provide legal services. It seeks to simplify, optimize, and automate various legal processes and operations. Some of the activities it supports include law practice management, contract management, document management, electronic discovery (e-discovery), and various legal needs of families.

Users of LegalTech can be broadly categorized as law firms and individual attorneys (B2B), small and medium-sized businesses and in-house legal departments of larger enterprises (B2B), alternative legal service providers (ALSPs; B2B), and individuals and families (B2C). B2B tools support those entities with their legal workflow, while B2C tools include commoditized legal solutions that assist individuals and families with interpreting the law and accessing the justice system (B2C tools are also referred to as DIY and retail law tools). LegalTech tools can also be distinguished based on whether they support specific legal tasks, provide supporting processes, or form a technological infrastructure for legal workflows.

*Note: Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage.

More details

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Marketplace/network
?
Document automation and notarization tools
?
Practice management
?
Legal research, AI systems, and analytics
?
E-discovery
?
Compliance and IP/trademark management
?
Contract management
?
Online legal services and litigation finance
?
ContractPodAi
ContractPodAi
ContractPodAi
ContractPodAi
ContractPodAi
ContractPodAi
ContractPodAi
ContractPodAi
LinkedIn
Internet Brands
Legal.io
Paladin
Justpoint
Axiom
Conga
Notarize
NetDocuments
Litera
iManage
Eigen Technologies
Luminance
File & ServeXpress
Epoq
Intapp
Tyler Technologies
Roper Technologies
Microsoft
Kroll
Septeo
Clio
Filevine
Onit
BigTime Software
Bryter
Litify
Brightflag
Smokeball
ZERØ
Case Status
Betty Blocks
Peppermint Technology
Bloomberg
Dye & Durham
RELX Group
Thomson Reuters
Everlaw
Veritone
Casetext
Blue J Legal
DISCO
Relativity
Lighthouse eDiscovery
Zapproved
TCDI
Epiq Systems
Consilio
Onna
Logikcull
Business Intelligence Associates (BIA)
Diligent
Questel
Donnelley Financial Solutions
Corsearch
Exterro
Red Points
PEX
Anecdotes
Transcend
Linklaters
Coupa Software
MRI Software
DocuSign
Icertis
Ironclad
Ontra
LinkSquares
Evisort
ContractPodAi
LawGeex
Juro
PocketLaw
Signaturit
Arteria AI
LegalZoom
Rocket Lawyer
Legalist
Boundless
Farewill
Lexly
DoNotPay
LawPath
Mighty
RightNow
AirHelp

The Disruptors


Marketplace/network

?

Disruptors

?
Funding in USD Millions
Justpoint
59
Axiom
28
Legal.io
15
Watchlist
?
Paladin

Document automation and notarization tools

?

Disruptors

?
Funding in USD Millions
Notarize
213
Eigen Technologies
59
File & ServeXpress
53
NetDocuments
30
Luminance
23
Epoq
20
iManage
Unknown
Watchlist
?
Litera

Practice management

?

Disruptors

?
Funding in USD Millions
Clio
386
Filevine
226
Onit
217
BigTime Software
117
Bryter
89
Litify
59
Brightflag
39
Betty Blocks
36
Smokeball
30
Peppermint Technology
24
ZERØ
12
Watchlist
?
Case Status

Legal research, AI systems, and analytics

?

Disruptors

?
Funding in USD Millions
Veritone
Public - Market cap USD 203.4 mn
Everlaw
299
Casetext
64
Blue J Legal
18

E-discovery

?

Disruptors

?
Funding in USD Millions
DISCO
Public - Market cap USD 586.9 mn
Relativity
125
Lighthouse eDiscovery
56
Onna
54
Logikcull
39
Zapproved
17
TCDI
Unknown
Business Intelligence Associates (BIA)
Unknown
Epiq Systems
Unknown
Consilio
Unknown

Compliance and IP/trademark management

?

Disruptors

?
Funding in USD Millions
Exterro
100
Red Points
86
PEX
64
Anecdotes
30
Transcend
29

Contract management

?

Disruptors

?
Funding in USD Millions
Icertis
371
Ironclad
334
Ontra
240
ContractPodAi
170
LinkSquares
161
Evisort
156
LawGeex
42
Juro
31
PocketLaw
14
Signaturit
12
Arteria AI
11

Online legal services and litigation finance

?

Disruptors

?
Funding in USD Millions
LegalZoom
Public - Market cap USD 1.7 bn
Rocket Lawyer
292
Legalist
100
Boundless
44
Farewill
36
Lexly
34
DoNotPay
28
LawPath
14
Mighty
14
RightNow
14
AirHelp
12

Justpoint

Justpoint is the artificial intelligence-powered platform connecting people with the right litigation attorney and tools. Using predictive analytics rather than billboards, Justpoint brings transparency, simplicity, and credibility to the process of finding litigators in the personal injury space. For attorneys, Justpoint takes on back-office tasks while creating efficiencies in the discovery process so they can quickly understand a claim's merit and obtain the best results. With over 1000 law firms, more than 300,000 historical claims, and operations in 33 states, Justpoint’s team of attorneys, engineers, and doctors are dedicated to increasing access to justice. For more information visit https://justpoint.com.

Segment:
Marketplace/network
Total funding:
USD 58.6 million
Disruptor Funding History

Marketplace/network:

Justpoint
Axiom
Legal.io
Paladin

Document automation and notarization tools:

Notarize
Eigen Technologies
File & ServeXpress
NetDocuments
Luminance
Epoq
Litera

Practice management:

Clio
Filevine
Onit
BigTime Software
Bryter
Litify
Brightflag
Betty Blocks
Smokeball
Peppermint Technology
ZERØ
Case Status

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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