Federico Neri
An ecosystem perspective on the emergence of the Law Tech industry.
Rel. Danilo Pesce, Alessandro Giudici. Politecnico di Torino, Master of science program in Engineering And Management, 2023
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Abstract
The intersection of law and technology has witnessed a remarkable evolution in recent years, reshaping the landscape of the legal and regulatory domains. This transformation has not gone unnoticed by investors, as evidenced by the increasing venture financing in legal tech companies. According to data provided by CrunchBase, the year 2021 shattered records in terms of venture financing. During the year 2022, despite a decrease in the total and average invested amounts (in line with most sectors, especially in tech), there has been a growing number of investors in the legal tech field which signals a rise in interest. In 2022, seed funding accounted for 9% of the total legal tech funding, amounting to USD 303 million, signalling potential growth and innovation for start-ups in 2023.
In parallel to the legal tech boom, the Regulatory Technology (RegTech) sector has been gaining traction, driven by the ever-increasing complexity of regulatory requirements across industries, including cross-border compliance and digital data protection
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