Is the World—or the Industry—Ready for More Legal Tech IPOs?

A view of the New York Stock Exchange at the corner of Wall St. and Nassau St. Photo: Ryland West / ALM

Two legal tech providers started their weekend very productively. Both LegalZoom and Intapp filed their IPO with the SEC last Friday. Although legal tech IPOs are becoming rarer, it has not yet been decided whether other companies in the legal tech market are ready to step the distance – or whether the public is ready to invest in legal tech.

Both LegalZoom and Intapp declined to comment on this report. But some, like Killer Whale Strategies’ Zach Abramowitz, see a bigger picture in Friday’s SEC filings. “There are two companies that believe the public market is ready to fund legal technology. It’s very important, ”said Abramowitz.

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