The first three months of 2022 saw a market dealing with the peak and slowdown of the omicron COVID-19 variant and supply chain disruptions that have only continued into the spring. But despite the turbulence, public legal tech companies saw their revenues grow as most looked to invest in and scale their operations, including their research and development teams.

Still, many public legal tech companies reported a net loss for the quarter, oftentimes a consequence of their recent IPO and continued internal investments.

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