Some of you have expressed concern about all the mergers and acquisition activity of late. I personally view such consolidation as the natural order of things, but I don't think you have anything to worry about.
We've received many inquiries lately from startup companies as well as from established companies making their first foray into the legal market (e.g., look for a cool new PDF tool making its debut on February 5th in our TechnoRelease newsletter).
Plus it looks like ALM's LegalTech trade show will feature hundreds of exhibitors next week.
Perhaps most telling, many independent legal vendors seem to be holding their own. For example, in its TechnoRelease last week, inData Corporation reported record 2006 revenue. As Timbuk 3 once sang, "The future's so bright, I gotta wear shades."
What do you think of the current state of the legal technology industry?
About TechnoEditorials
A TechnoEditorial is the vehicle through which we opine and provide tips of interest to managing partners, law firm administrators, and others in the legal profession. TechnoEditorials appear first in TechnoGuide, and later here in TechnoLawyer Blog. TechnoGuide, which is free, also contains exclusive content. You can subscribe here.
