Like the broader tech market, most legal tech companies aren’t led by a woman or a diverse entrepreneur. And according to a report released earlier this year, there are slightly fewer women and diverse entrepreneurs leading legal tech companies compared to 2018.
So why the disparity? Diverse legal tech founders told Legaltech News they faced biases when attempting to raise funds that included double standards and a silent sense of being unrelatable. Still, legal tech investors noted the burgeoning trend of more women leading successful legal tech startups is promising. But Big Law’s continuing diversity lag threatens to limit legal tech opportunities, investors added.
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