Is legal tech a growing industry?
Asked by: Kyra Lehner | Last update: January 24, 2026Score: 4.9/5 (39 votes)
Is legal tech a growing industry? Yes, legal tech is considered a growing industry. The increasing adoption of technology across various industries, coupled with the potential benefits tech provides to those working in the legal field, has fueled the growth of legal tech.
How big is the legal tech industry?
The global legal technology market size was valued at USD 29.54 billion in 2023. The market is projected to grow from USD 31.59 billion in 2024 to USD 63.59 billion by 2032, exhibiting a CAGR of 9.1% during the forecast period.
Is tech law in demand?
Technology law is perhaps the hottest, most in-demand branch of the legal profession today. You may not have heard about it, but tech law helps keep you and your information safe.
Is the law industry growing?
Overall, with demand high across law firm segments through most of the year, the industry is “stable,” and the practice areas that drove activity this year will likely continue to be strong next year, wrote the authors of the 2025 Citi Hildebrandt Client Advisory, published Thursday.
Is the tech industry growing?
Tech job growth is 13% higher than in 2019 and layoffs are abating, indicating that the cost-cutting cycle is bottoming (Figure 3). Many tech companies are refocusing business strategy, capital expenditures and new hiring on key growth initiatives and emerging technologies such as AI.
What Is Legal Tech?
What is the most growing tech field?
- Information Security Analyst.
- Data Scientist.
- DevOps Engineer.
- Software Engineer.
- Artificial Intelligence Engineer.
- Cloud Architect.
- How to Learn Tech Skills.
What are the most demanding IT jobs in 2025?
As we head into 2025, businesses are dialed in on hiring roles such as software engineer, software developer, and end-user support, as well roles centered around cloud, database management, and systems engineering and administration, according to Robert Half Technology's 2025 IT salary report.
What field of law is most in demand?
- Intellectual property law. ...
- Family law. ...
- Immigration & naturalization law. ...
- Real estate law. ...
- Contract management. ...
- Compliance. ...
- Labor and employment. ...
- Corporate transactions. Also known as mergers and acquisitions, or M&A, this work navigates the buying and selling of companies and their assets.
Is there a future for lawyers?
According to the Bureau of Labor Statistics (BLS), the median annual wage for lawyers in May 2023 was $145,760. Employment for lawyers is projected to grow 8% annually through 2032, which is faster than the average for all occupations.
Is law in demand in Canada?
Law firms in major Canadian markets are seeing a high demand for their services. Still, half of legal employers say finding candidates with the required skill sets is their greatest hiring challenge in 2024.
How much do technology lawyers make in Canada?
Technology Lawyer salaries in Canada
The estimated total pay for a Technology Lawyer is $113,320 per year, with an average salary of $101,988 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
How do I become a legal tech?
Despite these differences, most Legal Technicians need to earn at least an associate's degree in paralegal studies. Other Legal Technicians may hold a bachelor's degree in social sciences or business and go on to obtain a certificate in paralegal studies through an American Bar Association (ABA)-approved organization.
Is law still a lucrative career?
Lucrative career
Lawyers have the ability to earn a generous income. They make a national average salary of $50,979 per year . Though you may not earn this income as a new lawyer, you can work your way toward this salary with enough hard work and experience.
Is the legal industry oversaturated?
Law School Myth 5:
The job market for lawyers is oversaturated. While it is true that there are more law school graduates than there are jobs available in some markets, the job market for lawyers is actually quite strong overall.
Which legal field makes the most money?
- Patent attorney: $180,000.
- Intellectual property (IP) attorney: $162,000.
- Trial lawyer: $134,000.
- Tax attorney: $122,000.
- Corporate lawyer: $115,000.
- Medical lawyer: $113,000.
- Real estate lawyer: $98,000.
- Family lawyer: $93,000.
Will ChatGPT replace lawyers?
While AI tools like ChatGPT have the potential to change the way lawyers work, that doesn't mean that it will replace them. Lawyers may harness AI as a tool to help them work faster and more effectively—but they'll still ultimately be responsible for completing legal work and practicing law.
Is the lawyer career growing or shrinking?
The employment of lawyers is projected to grow 8% from 2022 to 2032, faster than the average for all occupations, the BLS reports.
Is AI replacing lawyers?
While it has the potential to reshape the legal profession, it is unlikely that AI will replace lawyers. This is because AI simply can't perform tasks that require human judgment, like arguing a case before a jury, offering a creative strategy, or building lasting relationships with clients.
What is the fastest growing area of law?
- Cybersecurity.
- Cannabis.
- Labor.
- Elder law.
- Energy.
- IP.
- Health.
- Student loan law.
Which lawyers make the most money in Canada?
Whether you're handling civil and criminal cases, litigation and trial lawyers are some of the lawyers that make the most money. However, not all cases that go to trial would pay off handsomely. High profile cases and those that involve larger sums of money or property mean fat pay for litigators.
What is the least demanding law job?
- Easiest law to practice.
- Real estate law: the calm of contracts and closings.
- Estate planning: beyond grave matters.
- Transactional IP law: where creativity meets law.
- Tax law: counting dollars, not hours.
- Government agency roles: The legal life outside the courtroom.
- Public-interest and nonprofit work: the happiness factor.
Which skill will be most required by 2030?
- Embrace Technology and Digital Literacy.
- Develop Emotional Intelligence (EQ)
- Adaptability and Lifelong Learning.
- Creative Thinking and Problem-Solving.
- Focus on Communication Skills.
Are tech jobs declining?
fyi. In 2022 and 2023 combined, 428,449 people working for tech companies were laid off. The overall labor sector appeared strong in 2022 and into 2023, but the tech sector layoffs tend to be the most visible.
What career will be in demand in 10 years?
Which Career Will Still Be in Demand After 10 Years? Based on trends, the industry with the highest growth is related to health care, both physical and mental. Doctors, therapists, and more will begin to employ technology to support their efforts more and more.