News
Legal Market Projected to Hit $1.2T by 2028 - New research has found that the global legal market will be worth $1.2T by 2028 (up from a valuation of $849B in 2020). The compound annual growth rate is estimated to be 4.4% from 2021 - 2028. More here.
Big Law Burnout Prevention - Goodwin Procter will provide “thoughtfully curated week-long trips,” valued at $5,000 to $10,000 depending on lawyers' seniority, joining other firms in launching initiatives that are aiming to reduce lawyer burnout. More here.
Upsolve Files First Amendment Lawsuit Against NY State - The NY-based bankruptcy nonprofit has filed suit against the state AG in an effort to allow people to receive free legal advice over debt collections. More here.
US Supreme Court Justice Stephen Breyer Will Retire - Justice Breyer, the courts' oldest member, announced his plans this week to retire this year after nearly three decades of serving. More here.
LexShares Raises $100M - With Titan Advisors leading this round, the litigation funding startup closed this round bringing the total investments in litigation tech to over $11B in recent years. More here.
2022 Global Elite Law Firm Brand Index - TR released a report ranking Big Law based on feedback from their most important clients. Baker McKenzie, DLA Piper and Clifford Chance make up the top 3. More here.
Klarity Secures $18M - The document automation company announced it has raised its Series A led by Tola Capital after 9x'ing its annual recurring revenue in the last nine months. More here.
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