Legal technology companies are expanding their products and buying vendors with niche market expertise as they aim to become sole sources of cutting-edge tools for law firms and legal departments.
Onit, DISCO, and other providers of such legal optimization tools as e-discovery and document review are scaling up to provide enterprise-wide solutions for their customers.
The demand for legal tech services is rising—along with investment in the field—as law firms and legal departments increasingly look for ways to boost efficiency, Bloomberg Law analyst Meg McEvoy said.
“Legal tech companies are meeting the market by solving more than one problem,” McEvoy ...
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