In a rare move for one of New York’s elite Wall Street firms, Cleary Gottlieb has made a minority investment in legal tech startup 10BE5, which helps lawyers to complete prospectus documents by automating part of the financial disclosure drafting process.

While we have seen US firms such as Latham & Watkins and Orrick invest in ‘app store’ Reynen Court, and Wilson Sonsini invest in Lexion, the doc analysis system, the more traditional New York-based law firms have tended not to take stakes in legal tech startups. So this move is quite significant.

Artificial Lawyer – Cleary Gottlieb Invests in Legal Tech Startup 10BE5