INDUSTRY SPOTLIGHT

Legal tech

Discover market opportunities, latest industry trends
and understand key challenges to stay ahead of the
curve and thrive in the ever-changing legal landscape

The future of law is here, and it’s growing fast

The legal industry is undergoing a massive transformative shift, propelled by the adoption of cutting-edge technologies. Cloud-based solutions, big data analytics, AI, and blockchain are leading the way, driving growth in the legal tech market. The result is a faster, more efficient, and more accessible legal landscape

10X growth

Over the next 10 years, setting to take centre stage and transforming the way legal services are delivered

 

1/4

Legal tech is going to make up 25%+ of the global legal service market, eventually overtaking the traditional legal practice in the next decades

Driven by unprecedented digitalisation and AI adoption

50%+

Of legal work will be automated and AI-powered by 2030

3/4

Of legal services are expected to be streamlined and conducted virtually by 2026

70%

Of consumers would rather use digital legal service instead of a human lawyer

VENTURE LANDSCAPE

In 2022, legal tech startups raised over $2 billion in funding

With the largest deals going to:

  • E-discovery
  • Contract management
  • Legal analytics

Leading legal tech investors we worked with

Write to us to know more

WAVEUP VIEW

The challenges

Despite the unprecedented growth and transformative potential of the legal tech industry, industry players must remain vigilant of potential risks and challenges in order to succeed the rapidly-evolving landscape

Measuring business performance

Navigating the business in the emerging industry might be a daunting task. With a lack of established benchmarks and uncertainty around relevant metrics, decision-making can be difficult and time consuming.

Attracting the right capital

With the ever-changing fundraising environment it’s essential to know how to build a compelling business story adjusted for new investment realities, identify the most suitable funding sources, and craft a pitch that can effectively sell the business opportunity to investors.

Accelerating growth

While there are a variety of proven go-to-market tactics and growth frameworks available, companies often struggle to identify the most suitable strategy and answer two main questions – when should we scale and how fast?

How we can help

Startups
Fundraising advisory

From diligent business analysis to storytelling and financial forecasts, we’re helping founders crystallize and structure key business fundamentals and translate them into a compelling investment opportunity.

Investors
Due diligence and portfolio support

Evaluating potential investments, conducting thorough due diligence, and supporting portfolio companies on their new fundraising rounds.

Established companies
Growth hacking

Discovering market opportunities and developing execution strategies to build actionable and scalable blueprints for growth.

our SUCCESS CASES

Have a look at our work in legal tech consulting

$20M Series A support for virtual AI-powered legal assistant
Explore other success stories

WHO WE ARE

Unlocking your next stage of growth

Waveup is a leading global advisory empowering companies to fuel growth, attract investments, and secure strategic partnerships. We turn data into business insights that drive results, helping companies excel in the competitive B2C and B2B spaces across 50+ verticals, discovering and catalizing opportunities for growth.

What we do

Market intelligence

Fundraising support

Pitch decks

Financial models

Investor research

Growth consulting

Go-to-market strategies

Marketing/sales materials

Design support

Learn more

Have a project in mind? Talk to us

One of our unique advantages lies in our constant exposure to the new & emerging industries and sectors, thus giving us an unparalleled expertise in the areas of innovative business models, disruptive technologies and latest industry trends.

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