The technology accelerator has long been a staple of industries like financial services, business and health care, but true to form, legal has been slow to look to these innovation support programs. But as the demand for legal technology has expanded, large industry organizations have started to invest in accelerator programs as a way to support and customize technology startups in the space.
LexisNexis is the latest organization to take on a technology accelerator, offering startups access to its data, tools and professional networks. Heading the effort is LexisNexis’ Lex Machina division, the Silicon Valley-based legal analytics software providers acquired by LexisNexis late last year. Lex Machina hosts the newly launched accelerator in its Menlo Park, California, offices, and CEO Josh Becker will head the program.
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