⁍ Orrick, Herrington & Sutcliffe’s investment arm participated in a funding round that raised $6.3 million for Priori Legal.
⁍ Latham & Watkins and Clifford Chance took part in a funding round for tech platform Reynen Court that secured $4.5 million.
– Big law firms are getting into the tech game. This week, Orrick, Herrington & Sutcliffe’s investment arm participated in a funding round that raised $6.3 million for legal talent marketplace Priori Legal, while Latham & Watkins and Clifford Chance took part in a funding round for tech platform Reynen Court that secured $4.5 million, Westlaw Today reports. These moves are part of a trend of big law firms becoming more invested in tech start-ups, according to the story.
Source: https://www.reuters.com/article/legaltech-venturecapital-lawfirms/legal-tech-platforms-draw-big-law-investments-from-orrick-latham-clifford-chance-idUSL1N2HK3VO