Artificial Lawyer: “Research by investment bank, Investec, has found that around $1bn was invested into legal tech and related NewLaw businesses in 2018 alone (see below), at least in the major markets. Moreover, capital is expected to keep flowing into this sector in 2019 with consolidation seen as a likely driver of further change. The bank has divided the current market into four groups:

• Legal Tech consolidators
• NewLaw/Law Company consolidators
• eDiscovery/Doc Review/LPOs
• Private Equity funds known to be looking for Legal Tech and NewLaw platform investments…”