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Like the broader tech market, most legal tech companies are not run by a woman or a diverse entrepreneur. And after a report Released earlier this year, there are slightly fewer women and various entrepreneurs running legal tech companies compared to 2018.
So why the inequality? Various Legal Tech founders told Legaltech News they faced prejudice when trying to raise funds that included double standards and the silent feeling of disconnectedness. Still, legal tech investors found that the burgeoning trend for more women to lead successful legal tech startups is encouraging. However, Big Law’s ongoing diversity lag threatens to limit opportunities for legal technology, investors added.