Last weekend the trendy email hey.com has been released. With great new features and most importantly the protection of personal data. Our data becomes as an asset to pay for “the free of charge apps”. However, not with hey. I’m really tempted to pay 99$/year for this new email. What would you do?
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.