The past few months have seen a growing stream of funding rounds across the legal tech market, with one sector especially leading the charge: contract lifecycle management (CLM) companies.

Just last week, Legaltech News reported on two CLM companies—Evisort and SirionLabs—closing large investment rounds, signaling an unambiguous trend growth of contract management companies. These two providers, like many other CLM companies, are looking to use their investment to increase hiring and grow their teams.