Most business news aficionados understand that macroeconomics trends are generally cyclical in nature. The past few years are certainly evidence of this within the legal profession and, more specifically, the legal technology field.

We’ve gone from a macroeconomic-like boomtown, complete with a slew of Series A/B/C type funding, to a scrambling response to the pandemic in 2020, and now to a period with potential recessionary trends threatening the progression of technology in some sectors—both in terms of the global economy and also the venture capital funding area.