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WHAT WE’RE WATCHING
VESTED DISINTEREST - The expression “scared money don’t make money” may be most popular among folks who have blown their life savings on sports betting apps, but there is some truth to it: investing involves risk and for lawyers, “risk” is a four-letter word. Some law firms have begun investing in legal tech startups to both bolster and share in their success. But, as Law.com’s Victoria Hudgins reports, many firms still don’t see legal tech investment as a viable option thanks to a lingering industry-held belief that ownership in tech startups is too much of a gamble. Baretz+Brunelle new law practice partner and co-head Brad Blickstein told Hudgins that investing in legal tech “doesn’t fit terribly well culturally and feels risky to lawyers and they usually don’t like that. The business structure is an impediment because they have to play with their own money.” What do you think? Drop me a line at [email protected].
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