Source: Hackernoon
By Ksenia Mysak
Hi there! It’s Ksenia, a lawyer, strategist and international communications professional with a VC background. This article is intended for digital startup founders who are looking to launch a LegalTech business.
A quick note: the LegalTech market size in 2022 totaled 29.8bn USD, with a projected CAGR of around 9%, reaching a value $69.7bn USD by 2032. Considering the total available market, the UK legal services market alone was valued at 43.9bn GBP in 2022, with an estimated CAGR was estimated at 5.43% according to the same agency.
This market presents a potential opportunity to implement legal technologies. Moreover, the legal profession is highly prestigious and has extremely high barriers to entry. All of these factors make LegalTech highly attractive for both IT entrepreneurs and investors…
Read full article: https://hackernoon.com/how-to-create-a-scalable-legaltech-startup-overview-of-the-legaltech-landscape
