IntroductionToday, we see start-ups sprouting up everywhere. One amongst them is Legal tech start-up services. Today, more than 3,700 Legal tech start-ups offer complete solutions for legal conflicts. These legal start-ups have reached different success levels depending on their countries’ traits. Since 2017, there has been a 484% rise in legal tech patents, and they continue to rise. This displays how fast the industry is evolving.Let’s check its profitability; it is reported that the global legal tech market earned 27.6 billion USD in 2021. And by 2027, it is predicted to approach 35.6 billion US dollars if we assume a compound annual growth rate (CAGR) of more than 4%. As a result, Legal tech start-ups are one of the most active industries for investors. And if you are one of them, this information is more useful for you. In case you are looking at how to outperform others and gain attention, Legal tech start-up awards may be the best approach to be more competitive. We have gathered a detailed list of the best awards to make your work easier.
Tracxn Legal Tech Start-ups AwardsWe will start with the Tracxn awards. Every year, Tracxn honors the world’s most reliable Legal Tech start-ups. But who are they? Tracxn is the world’s largest market research and data analytics platform. It monitors the most emerging start-ups and their assisting networks. They have experience and expertise in assessing prospective start-ups depending on various factors such as global demand, funding from notable investors, performance quality, and future strategic possibilities. Tracxn uses 1,800 globally classified inputs to examine over 1.4 million organizations before awarding. Since it already has 850+ customers in more than 50 countries globally, this recognition can help start-ups in reaching investors, venture funds, and businesses.
LegalTech Breakthrough AwardsNext are the Breakthrough awards. The LegalTech breakthrough award is another top firm that recognizes the top Legal tech companies. LegalTech breakthrough is a part of the Tech breakthrough organization, founded in 2014. It provides market data, analysis, and recognition programs for companies ranging from large corporations to early-stage start-ups. Every year, this group honors 13 experts from various sectors of the technological market. The LegalTech Breakthrough awards are one of them. This award is given to several legal service groups in multiple categories such as Best case management awards, Best in client interactions, Best paperwork, Best contract management, Best online dispute resolution platforms, and others. Above all, with their extensive network, winners of the LegalTech Breakthrough awards gain much-deserved recognition in the sector. So be sure to look at the category that best fits your needs.
The BW Legal World AwardsThe BW legal world awards are the next thing to think about. There will be a BW Global legal summit every year, and the legal leader awards are held to honor individuals and companies that have made a name for themselves in the legal sector. While these awards will be given in a wide range of categories, the accompanying event has a day-long conference that includes pertinent speeches on current legal issues. So you have a lot more to learn as well. Moreover, these awards are highly regarded as they have experienced jury members selecting the best.
Legal Week AwardsThe next awards are from Law.com International. It is a weekly publication for legal professionals from the UK. The organization annually holds a one-week event that brings together thousands of legal professionals to study legal business and its regulatory trends, new tech, and talent drives. Hundreds of exhibitors also host other programs, such as lectures, exhibits, and panel discussions. It addresses various themes, such as legal operations, business models, data security & protection, and others. Joining this event will provide you with extensive exposure to the legal sector. And earning an award on such an occasion is undeniably a proud experience.
ABA Tech Show AwardsSimilarly, The American bar association’s law practice division hosts another legal week, The ABA Tech show. The company publishes journals and web magazines, namely Law Practice and Law Practice Today, respectively, and several technical publications. In this concern, it also hosts annual conferences and expos, which bring together many lawyers and other legal professionals together for five days. It also gives the best continuing legal education (CLE) via these events, workshops, and live webinars on legal advancements. At these, it identifies and awards the finest in the field to acknowledge them. Receiving an award on such an occasion might help you advance in your field.
ConclusionAs a new and potential firm, a legal tech start-up requires an effective promotional campaign. Furthermore, as technology advances, combating the competitor may be challenging. These awards are, without a doubt, a wonderful option for garnering global attention. Besides, it may assist you in staying up to speed on the latest advancements, motivating the workforce, and bringing in new prospects.
KloudPortal is focused on helping customers with result-oriented marketing strategies. Our services include writing curated articles, thus helping clients and industry experts acquire knowledge on the latest marketing trends. Now that you are here, check out our other articles How to create the best B2B SaaS marketing strategy?] & [Top Start-Up Marketing Mistakes You Cannot Afford to Make]. If you would like to reach us for your marketing needs, please get in touch with us.
About The Author…
Shamina Banu is originally from the beautiful city of Vizag. She has a Master’s degree in Agricultural processing and food engineering and brief teaching experience. Her love of writing drove her to pursue a career as a content writer. She is a critical thinker who creates well-researched, accurate, and ingenious content for audience engagement. She considers content creation and clear communication an art form and constantly strives to improve her skill.