Let’s add some context to today’s call for submissions for the inaugural ATL alt.legal Innovation Awards.
Since 2011, the data compiled by the indispensable CB Insights on legal tech financings has shown steady growth in the sector (but nowhere near the explosive rate of FinTech financings). However, the first half of 2016 has seen a steep (74%) drop in legal tech financing activity (when compared to the same period in 2015) with “just” $44M in funding deployed across 25 deals.
Opus 2 Steps Up Its AI Game With Acquisition Of A Legal Tech Startup
With the addition of Uncover’s technology, the litigation software is delivering rapid innovation.
Check out CB Insights’ detailed overview of the legal tech financing landscape.
Interested companies can enter their submissions for the alt.legal Innovation Awards here. (Note that eligibility for the Innovation Awards is limited to independent or venture-backed companies founded less than 7 years ago and with revenues of $15 million or less.)
Brian Dalton is the director of research for Breaking Media. Feel free to email him with any questions or comments.