Just like Moneyball concepts changed baseball forever, perhaps the same may be happening in legal tech. Yes, legal tech companies are making more data and financial based decisions. But the old days seemed, well, more fun.
Another day, another announcement by a legal tech company of increased integrations, acquisitions, or consolidations. Monday, Reveal announced that it acquired Technically Creative. Tuesday it was MyCase announcing an integration with LawToolBox for rules based court calendaring.
Integration, acquisitions, and consolidation are all the rage in legal tech these days. We have seen FastCase partner with Visalaw.AI for a state of the art immigration case management platform. (October 25). On October 17, it was announced that Netdocs was acquiring Worldox. Clio recently announced advanced several third party app integrations. (October 10). Haystack acquired Business Intelligence Associates (September 7). Relativity acquired Heretic (August 29). BigHand acquired Digitory Legal (August 22).
LegalEase acquired CLM Gurus (August 22). DISCO has joined LexFusion (August 22). Litera acquired BigSquare and Micron systems (August 22 and 10)). LexisNexis announced an integration with CourtLink (August 12).
And this doesn’t count the outside equity money flowing into legal tech in the past few months. Hello Divorce raising $3.25 million. JusticeText raising 2.2 million. Oakley Capital acquiring the majority ownership of vLex. Tangibly obtaining significant pre-seed money.
All of this just since August 1: listing all that’s occurred since the pandemic would take more time and space than you, gentle reader, or I want. And there is more to come with rumors of another significant acquisition that may shake the marketplace even more.
So what? I’ve been involved in legal tech a long time and have never seen the number of combinations, integration, and the like as I have these past three years. To say the industry
