As Investment Banks Push Legal Tech M&As, Many See Inevitable Consolidation
Legal tech M&As can be profitable for investment banks and industry investors. But many also say there's a strong demand for a consolidated legal tech market.
August 12, 2020 at 01:30 PM
3 minute read
Investment banks are playing matchmaker by pairing legal tech companies struggling to scale up with larger legal tech providers to build must-have products. However, they aren't purely motivated by a desire to see a consolidated industry.
After announcing it secured millions in funding, a legal tech company should be prepared to receive emails from investment banks and private equity firms inviting them to explore mergers and acquisitions deals, noted Nick Baughan, managing member of investment bank Marks Baughan. Marks Baughan specializes in legal tech M&A transactions and worked on deals for Onit and Mitratech.
Of course, investment banks also benefit from legal tech M&A transactions.
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