The technology that redefines the legal sector.
LegalTech offers many of the services of lawyers and legal professionals in a more accessible, faster, and automated way. This generates scalable business models, a big change in a sector where services prevail and the difficulty to scale has been its main weakness up to now.
With a global business volume close to $21,000 million, the annual growth is around 6.5% and it presents an active sector, with about 7,000 digital companies around the world.
The success of many LegalTech companies is due to democratization: localizing, comparing, and hiring legal services becomes faster and more accessible for the user, with reduced times and prices compared to the traditional model.
A need that lasts a lifetime.
Hiring legal services is a constant need in B2B and B2C, generating a recurring user.
Business automation to grow.
Automating repetitive tasks allows for more customers in less time for a scalable business.
Knowledge transfer off-on.
Innovating from deep knowledge of the legal sector allows for the design of a new model of success.
LegalTech, a future full of opportunities.
The legal sector is experiencing a real revolution thanks to AI. In task automation, data analysis, and precision in decision-making, Artificial Intelligence represents a leap in quality and quantity in service provision.
There are opportunities in LegalTech that are perfect to be founded from Legal Firms, for example, offering Second Legal Opinion Reports or as assistants supporting decision-making for lawyers and jurists.
Another of the most interesting opportunities is the creation of platforms for automated dispute resolution or arbitration for third parties, mediating between clients and companies, for example in e-commerce, financial services or subscriptions.
