Investors spent $458M on legal startups in 2013; will 2014 be another big year?
Posted Feb 14, 2014 3:30 PM CDT
By Martha Neil
As a number of traditional law firms struggle to move forward in challenging economic times, legal startups are booming.
Following a remarkable 2013 in which investors poured $458 million into ventures such as Judicata, Rocket Lawyer and Shake—a stunning increase over the $66 million invested in 2012—it looks like 2014 could be another banner year, according to Tech Cocktail.
In January, another $12 million was spent in four deals, writes author Joshua Kubicki. "If this year is anything like 2013, there will be a number of headlines regarding the burgeoning legal technology and startup market.
For more information about the companies that are attracting investor funds based on their innovative legal technology, read the full article.