The Complacency of the Legal Tech Industry

The legal tech industry had become complacent during a period of stability, where both innovators and clients were satisfied with the status quo. This situation created a classic innovator's dilemma, as any significant changes would disrupt existing business models and client expectations. Although many startups were emerging and showcasing innovative legal technologies, the larger firms were focused on maintaining their profitability without embracing these advancements. As a result, these startups began challenging the traditional ways of practicing law, laying the groundwork for the eventual transformation of the industry.