Rebound in legal tech funding

This Law.com article details significant legal tech investments in 2024, driven by generative AI advancements, alongside several “Who Got the Work” sections reporting on recent legal representation assignments across various cases. The article highlights a rebound in legal tech funding, showcasing substantial investment rounds. The “Who Got the Work” segments feature law firms taking on cases involving shareholder derivative lawsuits, employment discrimination, and patent infringement. Finally, promotional material for Law.com subscriptions and other ALM services is included.

In 2024, there was a notable rebound in legal tech investment, largely driven by the potential of generative AI. This resurgence saw investors returning to the legal tech sector, resulting in some of the biggest funding rounds of the year.

The increase in legal tech investment in 2024 was primarily spurred by the promise of generative AI, which led to investors returning to the legal tech industry and resulted in some record funding rounds.

In 2024, generative AI was the primary catalyst for a rebound in legal tech investment. The promise of this technology spurred investors to return to the legal tech sector, leading to some record-breaking funding rounds. This suggests that generative AI was not just a factor, but the main driver behind the renewed investor interest and the significant financial activity in legal technology during that year.