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Fears of a Bubble for Legal Tech AI Are Growing
Zach Abramowitz, a tech consultant to law firms and legal departments, says legal tech's surging revenue may be a sign of an impending bubble.
With a rush of funding deals, two unicorns born since ChatGPT's pivotal launch, and a rare Big Law acquisition of a startup, legal tech is undergoing a transformation. This has raised some concern among industry watchers, like Zach Abramowitz, a former lawyer and entrepreneur, who now runs Killer Whale Strategies, a consulting boutique that helps law firms and legal departments decide which software products to buy. On the "Pearls Off, Gloves Off" podcast hosted by Goodwin's chief operating officer, Mary O'Carroll, Saper said that with the rapid adoption of legal tech, law firms are starting to realize that some products aren't living up to expectations.
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