About Legal Tech sector in North America
The Legal Tech sector in North America comprises 4.44K companies, including 868 funded companies having collectively raised $18.3B in venture capital money and private equity. Out of these, 508 are Series A+ funded, and 13 have achieved unicorn status.
Legal Tech sector in North America has seen 323 acquisitions and 27 IPOs. This represents almost 7.9% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes technology solutions for Law firms and Corporate Legal Departments.
Legal Tech sector is also known as Legal technology.
Legal Practice Management, eDiscovery, Lawyers' Marketplace, Dispute resolution platforms, legal contract management, legal research, legal consultation and Intellectual Property Management are included in this sector. Legal firms and Managed Service Providers are excluded.
Top Legal Tech Companies in North America
There are 4,445 Legal Tech startups in North America which include Clio, LegalZoom, Rev, Thomson Reuters, Harvey. Out of these, 868 startups are funded, with 508 having secured Series A+ funding, and 13 achieving unicorn status.
2026 has seen the creation of 106 Legal Tech startups in North America. Over the past 10 years, an average of 207 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, Stanford University and University of California (Los Angeles).
Here is the list of top Legal Tech startups in North America
1. Clio
Platform offering legal practice management software. It offers features to run a law practice from intake to invoicing, with features to manage cases, clients, documents, dropbox integration, bills, appointment scheduling, time tracking, reporting, and accounting through integration with Xero and Quickbooks. It provides document and case management solutions.
Key facts about Clio
- Founded Year: 2008
- Location: Vancouver (Canada)
- Stage: Series G
- Total Funding till date: $1.79B
- Investors: TCV, New Enterprise Associates and 21 Others
- Latest Funding Round: Series G, Nov 10, 2025, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 940 Competitors
2. LegalZoom
Provider of online legal services including business formation and estate planning. The company offers services such as forming limited liability companies and corporations. It also provides assistance with trademark registration, copyright, and patents. Additionally, the company offers estate planning services, including wills, trusts, and power of attorney documents.
Key facts about LegalZoom
- Founded Year: 2001
- Location: Glendale (United States)
- Stage: Public
- Total Funding till date: $66M
- Investors: Kleiner Perkins, IVP and 18 Others
- Latest Funding Round: Series B, Apr 28, 2011, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 114 Competitors
3. Rev
Provider of transcription and captioning services using AI and human experts. The company delivers transcription from audio and video to text. It offers captioning in multiple languages, using both artificial intelligence and human professionals. The platform provides tools for editing transcripts, creating clips, and secure dictation.
Key facts about Rev
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $4.9M
- Investors: TriplePoint Capital, Bessemer Venture Partners and 3 Others
- Latest Funding Round: Series A, Nov 26, 2013, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 109 Competitors
Cloud based legal enterprise management and data services for businesses. It provides data, insights, and information about different facets of the legal system, courts, case types, and more, and offers trading platforms, market data infrastructure, and open technology platforms that facilitate investment, wealth management, regulatory compliance, and enterprise risk management. The product modules include firm management, legal risk management software, and industrial news platforms. It uses AI to assist with process automation, integrated litigation analytics, and more. Its features include case, and practice management, marketing, issue tracking, contract management, and more.
Key facts about Thomson Reuters
- Founded Year: 2008
- Location: Toronto (Canada)
- Stage: Public
- Investors: Owl Capital Group, MidOcean Partners and 5 Others
- Latest Funding Round: Grant (prize money), Nov 01, 2019, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 3 of 2,099 Competitors
5. Harvey
Provider of an AI software for legal and professional services. It allows users to ask question in natural language, and the AI generates answers based on user speicifications. The AI performs research to find relevant case law, statutes, and regulations to support legal arguments. It offers services including legal research and analysis, contract analysis, litigation support, regulatory compliance, and more.
Key facts about Harvey
- Founded Year: 2022
- Location: San Francisco (United States)
- Stage: Series G
- Total Funding till date: $1.22B
- Investors: Sequoia Capital, Kleiner Perkins and 19 Others
- Latest Funding Round: Series G, Mar 24, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 671 Competitors
Companies founded year-on-year in the Legal Tech sector in North America
106 new startups have been founded so far in 2026 in the Legal Tech sector in North America. 379 Legal Tech startups in North America were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 106 |
2025 | 71 |
2024 | 140 |
2023 | 268 |
2022 | 140 |
2021 | 189 |
2020 | 379 |
2019 | 288 |
2018 | 284 |
2017 | 208 |
Stage-wise distribution of Legal Tech sector companies in North America
Out of the total 4,445 Legal Tech companies in North America, 868 have secured funding. Among them, 508 have reached Series A or higher, and 414 to Series B or beyond.
Founded - 4,445
Funded - 868
Series A+ - 508
Series B+ - 414
Series C+ - 383
Company Stage | No. of companies |
|---|---|
Founded | 4,445 |
Funded | 868 |
Series A+ | 508 |
Series B+ | 414 |
Series C+ | 383 |
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Funding Trends in the Legal Tech sector in North America
Total funding year-on-year in the Legal Tech sector in North America
The Legal Tech sector in North America saw a total funding of more than $14.4B in the last 10 years. The most amount of funding was in 2025 at more than $3.83B. There has been a total funding of $705M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $705M |
2025 | $3.83B |
2024 | $1.74B |
2023 | $592M |
2022 | $1.56B |
2021 | $1.69B |
2020 | $1.09B |
2019 | $2.33B |
2018 | $638M |
2017 | $228M |
Recent Funding Rounds in Legal Tech in North America
In the year 2026, till July 2026, Legal Tech companies in North America have raised $664M in equity funding across 39 rounds.
In the same period last year (i.e. till July 2025), Legal Tech companies in North America had raised $1.54B across 61 rounds.
So, 2026 has seen a 56.89% drop in funding in Legal Tech companies in North America as compared to 2025.
Here are some recent, important funding rounds in Legal Tech companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1129 | Jul 21, 2026 | - | |
Seed | 3109 | Jul 02, 2026 | - | |
Seed | 9070 | 2026 | ||
Seed | 9640 | Jun 18, 2026 | and 4 more | |
Seed | 1644 | Jun 12, 2026 |
Top Investors in Legal Tech in North America
Y Combinator is the top investor in Legal Tech companies in North America based on number of companies invested.
Here are some top investors in Legal Tech companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Washington, DC (United States) | ||
Miami (United States) |
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M&A activity in Legal Tech sector in North America
In the year 2026, till June 2026, 11 acquisitions happened in Legal Tech sector in North America. Last year, in 2025, a total of 21 acquisitions happened in Legal Tech sector in North America.
Here are some recent, important acquisitions in Legal Tech sector in North America:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 26, 2026 | ||
Business Acquisition | Jun 24, 2026 | ||
Business Acquisition | Jun 22, 2026 | ||
Business Acquisition | Jun 12, 2026 | ||
Business Acquisition | Mar 24, 2026 |
Acquisition trends in Legal Tech sector in North America
Here are the acquisition trends in Legal Tech sector in North America:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 11 |
2025 | 21 |
2024 | 19 |
2023 | 23 |
2022 | 30 |
2021 | 39 |
2020 | 32 |
2019 | 20 |
2018 | 30 |
2017 | 14 |
IPOs in Legal Tech in North America
In the year 2026, till April 2026, 1 IPO happened in Legal Tech sector in North America.
Here are some recent, important IPOs in Legal Tech sector in North America:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 06, 2026 | OTC Markets (OTCMKTS) | |
Jun 27, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Apr 06, 2023 | London Stock Exchange (LSE) | |
Jul 21, 2021 | New York Stock Exchange (NYSE) | |
Jun 30, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Legal Tech companies in North America
Companies founded by alumni from top colleges in the Legal Tech in North America
Most number of Legal Tech startups in North America have been founded by alumni from Harvard University, Stanford University and University of California (Los Angeles).
College | No. of companies |
|---|---|
Harvard University | 39 |
Stanford University | 39 |
University of California (Los Angeles) | 24 |
University of Pennsylvania | 23 |
Columbia University | 21 |
University of California (Berkeley) | 20 |
Harvard Business School | 17 |
University of Toronto | 15 |
Yale University | 14 |
Massachusetts Institute of Technology | 13 |
Total funding in Legal Tech companies founded by alumni from top colleges in North America
In the last 10 years, Harvard University graduates' Legal Tech companies in North America have raised the most funding among top colleges. Stanford University alumni are second, and University of California (Berkeley) alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.39B |
Stanford University | $1.1B |
University of California (Berkeley) | $920M |
University of Pennsylvania | $624M |
Wharton School | $598M |
Massachusetts Institute of Technology | $381M |
McGill University | $370M |
Harvard Business School | $345M |
Princeton University | $265M |
IIT Kharagpur | $171M |
Top News in Legal Tech in North America
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eBrevia Showcases DraftPro Contract AI Suite and Upcoming CLM SolutionArtificial Lawyer•Jul 21, 2026•eBrevia
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Litera Relaunches with Unified Lito Agent for Business and Practice of LawArtificial Lawyer•Jul 15, 2026•Litera
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Small Business Filings Increase 50% Year-Over-Year in First Half of 2026Equipment Finance Advisor•Jul 09, 2026•Epiq Systems
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Reveal Introduces Logikcull for Public Records to Automate Intake and Response for Government AgenciesClarke Broadcasting•Jun 23, 2026•Reveal Data
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Litify Launches AI-Powered Demands, Advancing End-to-End Agentic Workflows Across the Case LifecycleFinancialContent•Jun 23, 2026•Litify
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Relativity Launches aiR Assist and Custom Analyses for Enhanced AI-Powered Legal Document ReviewArtificial Lawyer•Jun 16, 2026•Relativity Technologies
