While over a billion dollars in private equity was raised by legal tech companies in 2021, it’s still a fairly small sector compared to the broader tech market, which private equity firms have publicly backed with over $401.7 billion in 2021 alone. Still, that isn’t stopping interested investors from funding the legal tech market.
However, legal tech companies’ limited scope can narrow their ability to raise outside funds, noted Hector Guinness, a member of private equity firm Hg Capital’s New York team. “Not all investors are happy with a very focused strategy,” he said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]