The LegalTech Lab - Press Release
- Rebecca Engel
- Jul 9
- 2 min read
The LegalTech Fund Launches “The LegalTech Lab” to Accelerate the Future of Law
New program aims to catalyze innovation and redefine the $1T legal services market through next-gen startup acceleration.
Ft. Lauderdale, FL – Today, The LegalTech Fund (TLTF), the premier venture capital firm dedicated to investing in companies transforming the world of law, announced the launch of The LegalTech Lab, a groundbreaking program designed to accelerate early-stage companies building the next generation of legal services: Law Firm 2.0. This initiative represents a strategic investment in reimagining how legal services are delivered, structured, and scaled.
The LegalTech Lab will act as a catalyst for the global transformation of legal services, empowering founders with capital, mentorship, and unmatched access to the legaltech ecosystem curated by TLTF. The Lab is built around a singular mission: to support the entrepreneurs and startups pioneering the evolution from traditional law firms to Law Firm 2.0: technology-first, capital-efficient, client-centered legal services built for the modern economy.
“The Lab is our boldest step yet in accelerating the trillion dollar legal market transformation,” said Zach Posner, Co-Founder & Managing Partner of The LegalTech Fund. “We're inviting visionary founders to join us in building Law Firm 2.0; businesses that deliver legal services in ways the world has never seen before.”
The Case for Law Firm 2.0
The launch of The LegalTech Lab follows TLTF’s expansive research and investment focus on Law Firm 2.0, a model born from the confluence of regulatory modernization, client expectations for transparency and efficiency, and the scalability of software-led services. With recent reforms enabling non-lawyer ownership in both the United States and the UK, the market is primed for legal services that mirror other modern professional services: standardized, productized, and customer-first.
In a market where 66% of people face legal issues and only 49% those are fully resolved. Law Firm 2.0 represents an opportunity to increase access and deliver legal services at scale. By applying startup economics like recurring revenue, automation, and vertical specialization, founders can now build high-growth, high-impact legal service businesses.
“This launch represents a turning point,” said Crispin Passmore, LegalTech Lab Advisor and ex-regulator and advisor to regulators, law firm innovators, legaltech entrepreneurs and investors around the world. “For decades, we've talked about access to justice and legal transformation. The Lab is where those ideas get funded, built, and scaled.”
A New Kind of Accelerator for a New Kind of Law Firm
The LegalTech Lab offers selected startups:
Applications are open now at legaltech.com/legaltechlab. The first cohort will be closing September 30th.
About The LegalTech Fund
Founded in 2020, The LegalTech Fund (TLTF) is the first and only venture fund dedicated exclusively to transforming the future of the legal industry. The fund has invested in more than 70 companies at the intersection of legal services and technology. It reaches over 2,000 people monthly and hosts the TLTF Summit, an event that has been referred to as “The Davos of Legal.” Supported by a global network of founders, strategic partners, and industry pioneers, TLTF is driving systemic change in legal services. Its mission is to expand access, improve efficiency, and reimagine what’s possible in the practice of law.
Media Contact:
Rebecca Engel
The LegalTech Fund