Rise of the ‘Platform’ Slated to Drive 2020 Legal Tech Deals [Bloomberg Law]
- December 18, 2019
- by Sam Skolnik
It’s difficult to predict precisely whether legal tech consolidation will continue as quickly next year as it did in 2018 and 2019, but industry observers agree that “platformization” will be a key driver for those legal tech providers who are in fact looking to combine forces.
The legal market in 2020, experts said, is likely to feature vendors looking to “platformize,” by increasing the number of individual apps and software programs they can offer to law firms and corporate law departments.
Expanded platforms appeal to lawyers anxious to handle the same tasks—from managing their client workflow to organizing contracts they’re overseeing—through the use of fewer tech tools.