The numbers below seem pretty big but, if you consider that Law is a $400bn industry in the US alone, then the more remarkable point is how little this sector is looked at by entrepreneurs at present.
If you follow the money trail, stopping short of the heavyweights like LegalZoom, Avvo and Rocket Lawyer, some of the bigger raises ($5M+) have been: Clio: $26M Lex Machina: $10M Ravel: $9.2M Judicata: $7.8M Modria: $7.5M cicayda: $7M There's a fair share of 'smart money' in that sample, so if you're looking for innovation it's perhaps not a bad place to start. But of course that's just the tip of the iceberg, and what lies beneath is an ever-growing base of startups looking to disrupt, reinvent and hack the BigLaw (even NewLaw) institutions. AngelList has long boasted 500+ legal startups in its ranks, but in reality we're not quite there. At Law Hackers, it's 308 and counting... (I'm way behind posting them all).