One Pager Beter Fund.
General overview of all our current projects and the LawTech Sector.
101% Market Growth
The average annual growth rate of investments in lawtech platforms between 2017 and 2020 was 101%, which is considerably higher than the average for other applied tech sectors in the same period, including fintech at 20%, climate tech at 5%, and health tech at 47%. Annual investment in lawtech also was much smaller than in other sectors compared.
Employment within lawtechs on a similar growth trajectory rises from 5,600 today to 8,000 in a moderate scenario, and 12,500 in a high scenario. The gross value-added contribution of this level of employment is in the range of 1 billion to 1.5 billion.
Investments Growth by Sector
Investment in lawtechs could reach 2.2 billion per year by 2026, with a high scenario of a 50% annual growth rate comparable with fintech investment in 2018 and a mid scenario of a 30% annual growth rate in line with current investment in health tech. Cumulatively, that equates to 5.3 billion worth of investments in a moderate scenario and 6.7 billion investments worth in a high scenario within the next five years.
Fastest Growth Segments
Segments seeing the fastest growth in lawtech are regulatory compliance, growing at 214% over the last three years, consumer and SME lawtech services, growing at 74%, and legal document creation, management, and review, growing at 24%.