The LegalTech Fund (TLTF), the first and only fund exclusively focused on investing in legal technology companies, today announced the close of its second fund at $110 million. This represents a fourfold expansion over Fund I ($28.5 million). Leading global law firm and Anchor Partner McDermott Will & Schulte reinvests with $10 million, enabling the firm to partner with TLTF’s entrepreneurs on the ideas and technologies that will define the future of legal services. Strategic partner Consilio, a global leader in legal technology solutions and enterprise legal services, also joined as a lead investor, reinforcing its commitment to legal innovation.
The close marks a rare achievement in today’s challenging venture capital environment, reflecting strong investor conviction that the legal industry is entering a sustained era of technology-driven transformation. It highlights the growing recognition of legal technology as a durable investment category and a key driver reshaping how legal services are delivered.
“We launched TLTF to help entrepreneurs transforming the world of law realize their vision, and we are doing just that,” said Zach Posner, Co-Founder and Managing Partner of The LegalTech Fund. “Legal technology is no longer niche; it is starting to be understood that it sits at the center of every business transaction. Our strategic partners’ investments put them in a strong and unique position to lead the industry’s transformation and ultimately create more value for their clients.”
“The world of law is at an inflection point that will transform our industry. We’re committed to driving that disruption, not being disrupted by it,” said Ira Coleman, Chairman of McDermott Will & Schulte. “Our continued partnership with The LegalTech Fund gives us access to the latest innovations shaping the future of law and enables us to deliver maximum impact for our clients globally.”
Fund II attracted a diverse mix of institutional and strategic investors, with participation from partners including Consilio, Burford Capital, Clio, Docusign, Harbor, Orrick, Thomson Reuters Ventures and several others.
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