Lawtech is less mature than other fields of digital disruption, especially fintech, healthtech, and others. In lawtech, the growth areas include legal project management, legal analytics, contract management, and governance and compliance. Of late, the legal and tech community have restructured and reinvented legal services, to cater to the needs of evolving demands in the digital world.
Valuable lawtech startups in UK
Talking about global investments in lawtech, this sector stands at $926M (nearly €787M) with 26 lawtech deals, claims a report by The Law Society. Of this, a bigger sum has gone into legal solutions that use AI now, while it was $233M a few years back. Having said that, here is a list of lawtech startups in the UK with a valuation of over $50M (nearly €42.4M) as sourced from Dealroom. Do check out!