tech
Legora's buying spree has reached the courtroom
Legora has acquired London startup Wexler to better serve trial lawyers. The deal continues an acquisition spree for the Swedish-born software maker.
TL;DR
- Legora acquired litigation startup Wexler to improve its offerings for trial lawyers.
- Wexler's software assists lawyers in reconstructing cases and verifying evidence by tracing statements back to their sources.
- The acquisition is part of Legora's strategy to consolidate the legal tech market through acquisitions, aiming to gain new products and teams quickly.
- This is Legora's fifth acquisition since January, and it faces competition from rivals like Harvey in this consolidation trend.
- Wexler had raised $7 million and its software was used by global law firms.
- The legal tech industry is experiencing a shakeout, with firms consolidating and startups seeking buyers with broader distribution.