The Top Legal Tech Startups to Watch in 2023

There are certain industries that have been slower to embrace technology than others, and the legal profession is one of those at the very top. However, legal tech startups have been gaining ground in recent years, with the market expected to reach around $32 billion in 2025. There is also a significant rise in legal department spending on legal tech, which is only going to rise in the coming years.

Legal tech offers numerous solutions, which include everything from offering legal advice digitally to AI and automating some of the time-consuming processes formerly handled with pen and paper.

The following list includes legal tech startups and companies of all sorts, from those that have been around for years to up-and-coming innovators.

LegalZoom is a legal tech startup that provides a wide range of legal services with a focus on individuals and small businesses. It was founded in 2001 and has raised more than $800 million in venture funding. Moreover, its success has earned it a hefty valuation. Some of the services offered by the legal tech startup include help:

• Forming LLCs
• Incorporating a business
• Filing trademarks
• Preparing wills, trusts, and other legal documents
• Legal advice from licensed attorneys

LegalZoom’s goal is to simplify legal processes for customers and make them affordable and accessible. The company offers a range of pricing plans based on the service required, and users can get help by answering a few simple questions and picking a legal service.

Founded in 2008, Clio has become one of the leading legal tech startups. The startup focuses on offering cloud-based software solutions for law firms, including a suite of tools and applications to help firms manage their practices more efficiently. The software includes features such as:

• Time tracking
• Billing
• Document management
• Task management
• Client communication

The tools offered by Clio are designed to streamline the day-to-day operations of law firms, making it easier for lawyers and staff to focus on serving clients. Moreover, because it is cloud-based, all of the data is stored securely in the cloud and can be accessed from anywhere with an internet connection. That makes it a great choice for working remotely and collaborating on projects with a distributed team.

Clio also provides a range of integrations with other legal tech tools and platforms, as well as an extensive network of third-party developers who can build custom solutions for law firms. It is a stand-out among legal tech startups, considered by many to be the top legal software.

Ironclad is a legal tech startup that offers businesses and legal teams an easy way to handle every aspect of the contract lifecycle. The platform streamlines everything to help businesses manage contract efficiently, including:

Part of what makes Ironclad so powerful is that it uses artificial intelligence (AI) to automate repetitive tasks, such as contract analysis and data extraction. Additionally, the company has a strong focus on security, meeting the highest industry standards for data protection.

Ironclad has been recognized as one of the top legal tech startups in the industry, and its platform is used by some of the world’s leading companies.

There are times when getting something notarized is a pain, which is precisely what Notarize aimed to solve. The legal tech startup makes it possible to get things notarized remotely. So, whether it is an individual or business, they can have documents notarized online without the need for an in-person meeting with a notary public.

Notarize uses live video and audio to connect users with a licensed notary public, who can then verify identities and get everything done remotely. The platform is used by a wide range of customers, including:

• Real estate professionals
• Financial institutions
• Legal professionals

The company has been recognized for its innovation in the legal tech industry, and its platform has helped to make notarization more accessible and efficient for people around the world.

Getting a green card is difficult for multiple reasons, but DYgreencard is using technology to help immigrants navigate the complex process. It offers a range of services, including:

• Legal advice
• Document preparation
• Case management

The platform is designed to be user-friendly and affordable, with a focus on simplifying the green card application process. The startup has a team of experienced immigration attorneys who provide legal advice and support throughout the process, and it has earned recognition as one of the leading legal tech startups in the immigration industry.

DYgreencard has helped thousands of people obtain green cards in the United States.

Collaborative workspaces have become increasingly important as remote work has grown. Legalboards is a legal tech startup that creates workspaces tailored to legal professionals. It allows teams to work together on legal matters in real-time, with features such as:

• Document management
• Task tracking
• Team communication

The platform is user-friendly and flexible, and it offers customizable workflows and integrations with other legal tech tools. Moreover, there is a focus on security, allowing every firm to relax and use it with peace of mind.

Although it is part of Clio, Lawyaw stands out on its own as one of the top legal tech startups, particularly when it comes to creating legal documents. The platform uses AI to automate document creation, reducing the time and effort required to draft legal documents. There is a range of document templates, including:

• Contracts
• Agreements
• Legal pleadings

There is a strong focus on user experience, making it accessible to customers with varying levels of legal knowledge.

Continued Rise of Legal Tech Startups

Legal tech startups will only continue to grow, especially with the growth of AI. However, while many of the legal tech startups out there offer convenient solutions, it does not take the place of a licensed attorney. Moreover, when it comes to automated legal documents and forms, reading things carefully is even more important than ever.