Credit: SmartPhotoLab/Shutterstock.com Don't Blame Business Models: Firms' Culture Likely Stalls Their Legal Tech Investments
Lawyers' professional conduct rules and various corporate structuring options aren't the main roadblocks dissuading law firms from investing in legal tech companies. Instead, it's a perception that such investments don't fit the mold.
January 29, 2021 at 08:00 AM
4 minute read
Some law firms are beginning to embrace legal technology not just in their offices, but also in their business models by investing in legal tech startups to bolster and share in their success. But for many firms, legal tech investment still isn't seen as a viable option. And it's not because of corporate or professional hurdles, but, instead, a lingering industry-held belief that ownership in tech startups is too risky.
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