Two legal tech vendors got their weekend off to a very productive start. Both LegalZoom and Intapp filed their intentions to go public with the U.S. Securities and Exchange Commission late last Friday. While legal tech initial public offerings are becoming less rare, the jury is still out on whether other companies in the legal tech market are ready to go the distance—or if the general public is ready to invest in legal tech.
Both LegalZoom and Intapp declined to comment for this report. But some, such as Zach Abramowitz of Killer Whale Strategies, see a bigger picture in Friday’s SEC filings. “There are two companies that believe that the public market is ready to finance legal technology. Which is very significant,” Abramowitz said.