On November 17, The LegalTech Fund (TLTF) announced the successful closure of its second fund, raising an impressive $110 million. This achievement marks a significant milestone in the legal technology sector, with Am Law top 50 law firm McDermott Will & Schulte and eDiscovery vendor Consilio stepping in as leading investors. The new fund is notably four times the size of TLTF’s inaugural fund.
McDermott Will & Schulte, which has been a consistent supporter of TLTF, invested $10 million, mirroring their contribution to the first fund in 2021. This partnership allows McDermott to collaborate with TLTF in identifying and nurturing innovative investment opportunities.
Diverse Investor Participation
Fund II attracted a wide array of institutional and strategic investors. Key partners include:
– Burford Capital
– Clio
– Docusign
– Harbor
– Orrick
– Thomson Reuters Ventures
These partnerships underscore the growing recognition of legal technology as a central component of business transactions.
Vision for Legal Innovation
Zach Posner, co-founder and managing partner of TLTF, emphasized the fund’s commitment to transforming the legal industry. “We launched TLTF to help entrepreneurs transforming the world of law realize their vision, and we are doing just that,” Posner stated. He highlighted that legal technology is no longer a niche domain but a critical element influencing every business interaction.
Posner added, “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.”
Global Investment in Startups
TLTF’s second fund is dedicated to investing on a global scale in early-stage startups, focusing on those up to Series A. The fund has already made significant strides by backing innovative companies, such as:
– Wexler : Provides an AI platform for complex litigation.
– Entegrata : Assists legal teams in utilizing AI and analytics effectively.
– Flo Recruit : Modernizes the legal hiring process.
– HelloPrenup : Expands access to affordable legal planning.
Additional investments in companies like BlackCloak, SimpleClosure, and Intelligent Legal Solutions are driving advancements in the delivery, security, and scalability of legal practices through automation and AI.
Commitment to Innovation
Ira Coleman, chairman of McDermott Will & Schulte, expressed the firm’s commitment to embracing and driving innovation. “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,” he said.
Coleman further emphasized that their ongoing partnership with TLTF ensures access to the latest innovations shaping the future of law, enabling them to deliver maximum impact for clients globally.
Conclusion
The successful closure of TLTF’s second fund marks a pivotal moment in the evolution of legal technology. By securing substantial investments and forming strategic partnerships, TLTF is poised to lead the charge in reshaping the legal landscape. Investors and partners alike are set to benefit from the fund’s commitment to fostering innovation and driving transformation within the industry.
Note: This article is inspired by content from https://legaltechnology.com/2025/11/17/tltf-raises-110m-in-its-second-legal-tech-fund/ . It has been rephrased for originality. Images are credited to the original source.