Bloomberg Law
December 30, 2019, 9:50 AM UTC

Legal Tech Broke Investment Record in 2019 as Sector Matures

Sam Skolnik
Sam Skolnik
Reporter

Legal technology deals and investments stayed on a fast track in 2019 as the sector becomes increasingly relevant to how Big Law firms and corporate legal divisions operate.

Legal tech investments flew past the $1 billion mark by the end of the third quarter. It hit that mark for the first time the year before.

Several significant mergers and acquisitions also were announced in 2019, another sign of legal tech’s maturation as a market sector. Perhaps chief among them: EY’s purchase of legal managed services company Pangea3 for an undisclosed amount. It’s a deal believed by some to be one ...

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