BREAKING: New Investments in Alternative Legal Service Provider and Legal Tech

Big news in the alternative legal service provider and legal tech markets:

  • Clio - legal practice management and CRM software for law firms - announced $250,000,000 in Series D funding yesterday by TCV and JMI Equity. Read more about it on LexBlog.

  • Axiom - a provider of on-demand legal talent - announced today a significant new investment in Axiom by Permira. Axiom’s CEO was quoted as saying: ““Our industry is in the early days of a complete transformation, away from the historical law firm paradigm toward NIMBLE, technology-powered solutions. Axiom has been leading that transformation, and this partnership is about preparing for faster innovation, more disruption and extending our lead.” Read more about it here.

We added the emphasis on “Nimble” above. We agree that being Nimble is the present and the future for legal organizations.