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Legal Tech: The Risks and Rewards of Interweaving Legal Technologies

The trend of legal technology companies working in concert to either overcome a mutual competitor, offer a stronger solution to existing clients, or a combination of the two is a strategic approach that is beginning to become a signature of the space.

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Integration and collaboration between legal technology companies is a growing phenomenon that provides opportunity for companies in all stages of the adoption life cycle. Early proponents of this tactic include Clio through the establishment of an App Directory in 2017 that fosters either one-way or two-way integration with other legal technology products as well as HighQ’s integration with Legal Anywhere prior to their acquisition by Thomson Reuters. As popularity with these integrations and collaboration attempts increases, the security risks for both companies and consumers remain prevalent. Furthermore, those concerns are inflated during events such as partnerships, integrations, and even mergers and acquisitions. Overall, the trend of legal technology companies working in concert to either overcome a mutual competitor, offer a stronger solution to existing clients, or a combination of the two is a strategic approach that is beginning to become a signature of the space.

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