Some law firms are beginning to embrace legal technology not just in their offices, but also in their business models by investing in legal tech startups to bolster and share in their success. But for many firms, legal tech investment still isn’t seen as a viable option. And it’s not because of corporate or professional hurdles, but, instead, a lingering industry-held belief that ownership in tech startups is too risky.

To be sure, law firms aren’t averse to creating a limited liability corporation or other legal structures to invest in a legal tech company. Instead, the risk of diverting from proven business tactics hinders most firms from investing in legal tech startups, said Baretz+Brunelle new law practice partner and co-head Brad Blickstein.

This content has been archived.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

Why am I seeing this?

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]