As SEA Legal Tech Market Scales Toward $130B, Dmitry Shubov Consulting Bridges the Gap for Firms Pivoting to 'Fractional' U.S. Entry Models [Yahoo! Finance]
WOLTERS KLUWER S/ADR (WTKWY)
NASDAQ:AMEX Investor Relations:
wolterskluwer.com/investors
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Source: Yahoo! Finance
reach $130 billion by 2026, a new generation of legal tech entrepreneurs from Southeast Asia looks to enter the U.S. market. According to the latest Wolters Kluwer LegalVIEW Insights report , they are entering a US market that is at a tipping point, characterized by record-high rate volatility and a "Capital Efficiency Mandate." Per Wolters Kluwer, despite a slowdown in growth, average hourly rates for associates in primary legal tech markets such as New York City have reached $1214/hour, and double-digit year-over-year increases are being recorded in secondary legal tech markets such as San Diego and Portland. This is increasing the cost of expanding in the US legal market through an HQ-first expansion strategy adopted by many international legal tech startups. Fast-forward to 2026: US law firms are investing in technology and holding it accountable for showing return on investment. The barrier to entry is no longer geographic, but operational, with the "growth at all costs" play
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