Legal Tech Investments Dropped in 2022—But the Number of Investors Spiked
Legal tech funding, like the broader tech market, saw a plunge in 2022, compared to 2021. But whether that continues in 2023 is anyone's guess, with some noting startups may benefit in the new year.
January 20, 2023 at 03:41 PM
4 minute read
Legal technology can seem like a drop in the ocean of the larger tech industry. But it may not be so different after all—at least financially speaking.
Raymond Blijd, the founder and author of Legalcomplex, collected data on legal tech funding rounds in 2022. For Legaltech News, he more specifically defined what constitutes a legal tech provider, excluding tax and consulting tech companies.
In side-by-side to the year prior, 2022 saw a drop in legal tech investments, similar to what the general tech market experienced as a whole.
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