We May Be in a Legal Tech Bubble—And That’s Great for Lawyers and Consumers

AI companies are booming, and legal technology is riding the wave as investors search for sectors where generative AI, the latest breakthrough, will have a big impact. This is great news for lawyers and consumers of legal services.

Investor interest in legal tech “seems to only be growing” reports Crunchbase . Legal tech startups raised $871 million in 2023 and have already surpassed that in 2024. Valuations of 30-100x revenues are additional indicators of booming enthusiasm. Indeed, it feels almost bubbly.