While last week’s Duke Law Tech Lab Demo Day was the first in the nascent Duke-based accelerator’s history, it signaled the start of an effort grand in both ambition and scope.
Seven startups from across the country—with specialties ranging from machine learning to Microsoft Suite training for less tech savvy lawyers—were represented in a cohort of companies disrupting the field of law with technology.
It’s a big opportunity. CB Insights reports a generally upward trend in capital raised and deals made over the past several years within the legal technology sector. In 2016, legal tech oriented startups raised $155 million across 67 deals with the latter metric a new record.
With Duke’s highly-ranked law and business graduate programs and the proximity of a growing and thriving startup community, organizers believe Durham is a great home for a project like the Tech Lab and a growing bank of legal tech firms.
The first step toward that happened last Friday night at Duke’s Innovation and Entrepreneurship space in Durham, where the teams celebrated their work in the three-month program and delivered pitches to an audience of Duke Law faculty, students, business leaders and others.
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