2021 could be the year of the Legal Tech Initial Public Offering (IPO). Or at least the year legal tech companies announced their intention to become a public company. But are these private companies ready for additional stakeholder pressures and regulatory scrutiny?
Industry watchers said the legal tech market will not inherently fail in the public market. However, the transition to an IPO is not easy, observed observers, and requires additional regulatory and public scrutiny, as evidenced by the reported problems of the data analysis software provider Nuix.