Harvey’s CEO says the $1 trillion legal market is too big for any one player — even the $8 billion startup — to dominate; Shruti Gurudanti, Rose Law Group partner and corporate transactions director, comments

By Lee Chong Ming | Business Insider

The legal tech market is only just beginning, and it’s huge, says Harvey’s CEO.

Winston Weinberg said during a Reddit “Ask Me Anything” session on Wednesday that the opportunity ahead for the legal tech industry is so massive that no single company — including his — could own it.

“I don’t think a single player is going to capture all of the pretty enormous amount of value that will be created in the next 10 years in this space,” said the CEO of the $8 billion legal tech startup.

Harvey announced last week that it raised $160 million in a round led by a16z, pushing the startup’s valuation to $8 billion.

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