Investing in the Future of Law

The Trillion Dollar Opportunity in Legal AI

The $1T legal services industry is at a tipping point. Driven by intense cost pressures and the demand for efficiency, Legal Tech is experiencing an explosive growth stage. Today's $32B legal software market will double in five years, led by AI.*

This isn't an evolution. It's a revolution.

The next wave of category-defining, AI-native Legal Tech unicorns is being built now.

“Legal AI Software Market” by Markets and Markets, February 2025. And “Legal AI Software Market Size” by Chetan Patil, Straits Research, 2025.

LEGAL INNOVATION FUND

Legal Innovation Fund invests in world-class teams building next-generation AI-backed, scalable legal technologies.

We identify early-stage opportunities that have already achieved growing revenue, high gross margins, and superior technology.

Following the initial investment, we provide hands-on support, including distribution, customer access, product validation, financial advisory services, and more.

We follow up with larger investments into our top performers, providing continued growth capital and allowing portfolio companies to focus on company building.

Getting More Value From the Billable Hour

AI outcompetes the billable hour for routine, high-volume tasks. It is faster, cost-effective, and quickly becoming more accurate.

AI isn't just about cost-cutting. It empowers law firms and legal departments to handle larger deals and allocate more time to high-value strategic counsel. AI will drive efficiency, growth, and increased profitability.

Future Legal Tech winners are AI-native. They own workflows. They leverage proprietary data. They solve existing problems and create powerful novel opportunities. They have a sustainable competitive edge.

Casepoint - Lewis Roca Case Study of AM Law 200 firm. And “The AI-driven future of legal efficiency: How can law firms reclaim millions in lost revenue while enhancing client value?” by William Josten. Thomson Reuters Institute.

Investment Criteria

Digital transformation creates new opportunities. Law firms benefit, but Legal Tech will capture much of the value created. We capitalize on this reallocation by investing in companies that are poised to succeed.

Experts and Builders. Founding teams pair great tech with a deep understanding of how lawyers spend their time, what pain points need solving, and which scalable opportunities an AI-backed product can best convert into sustainable growth.

Capital Efficient. Lean start-ups operate with minimal burn and leverage AI in their operations. They are innately hyper scalable.

Economic Viability. Industry features a massive TAM, gross margins exceeding 60%, and sticky technical solutions embedded into daily workflows.

Our Deal Flow Advantage

On The Frontlines. We meet with and analyze dozens of promising legal tech startups. We have developed strong relationships with law firms and thought leaders across North America. We are immersed in all things Legal Tech and have developed subject matter expertise.

Market Influence. Our legal tech community is being built to fortify our market participation and reputation. This includes content creation, participation in legal tech events across the continent, media engagement, and live information events.

Proven Reputational Gravity. Our experience in building and backing winners, along with our market presence and network attracts top-tier, thesis-aligned founders and provides a powerful pipeline of compelling investment opportunities.

Partners Behind the Scene

Ricky Brooks

Founded a successful business law firm.
Co-founded NetraMark (exited AI Pharma Tech). 20+ years advising startups, backing multiple Legal Tech winners.