What is your approach for the upcoming year? Keep saving or start investing. My favorite LegalTech tool LawGeex – contract automation tool backed by AI this month has raised 20 Million USD round of financing. Even if the worst days don’t brake the investment deal, it makes me to believe that the future must be in #legaltech. I will keep investing my time on the subject.
What does that mean for legal tech when cryptocurrencies hit $1 trillion?
It should open up more opportunities for programmable assets, using smart contracts. Today, lawyers program how assets and value move in commercial settings using traditional natural language contracts. Over the next decade, that could be increasingly replaced by software.
A new report on investments and M&A in the legal tech sector has shown there is a significant boom in acquisition activity, largely driven by private equity (PE) funds. In Q3 2020 there were 32 M&A deals involving legal tech companies – compared to an historic average of around 15 per quarter.