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.” The large tranche is a sign of the strength of the legal tech market, whose growth accelerated as the pandemic led to record demand for legal services and a shortage of qualified talent. For example, according to a report published by the American Bar Association, nearly 10% of lawyers now use some form of AI-based legal tech.
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And if you’ve added “AI” to your pitch deck only to make it more appealing, here’s some more bad news: FOMO is passé, and duediligence is the new black. You can expect that we will go deep into understanding your technical approach and product differentiation. Just saying your product is AI-driven will not cut it.
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