After Deloitte joined the legal tech incubator scene earlier this month, the space is quickly crowding with potential opportunities to stoke and scale legal innovation. Meanwhile, more incubators means a wider assortment for startups to pick from, and past participants say new entrants into the legal tech incubator arena will have to meet high expectations.
Indeed, legal tech startups that have taken part in incubators and accelerators told Legaltech News their experiences were worthwhile and beneficial. Though some critics warn that law firms and Big Four legal tech incubators don’t truly assist companies in reaching peak profit potential, past legal tech incubator participants say they gained substantial industry insights and assistance from their program. But it’s an experience those participating in general tech incubators don’t all share.
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