Financial expert analyzes billion-dollar valuation of Aosphere and the appeal of legal tech

Financial expert analyzes billion-dollar valuation of Aosphere and the appeal of legal tech

Allen & Overy founded the online legal services provider Aosphere in 2002. Aosphere offers specialist legal information by subscription to banks and asset managers. The company is valued at £200 million. This high valuation indicates the appeal of legal tech business models and shows investor interest in such companies. Companies that want to revolutionize the legal market with artificial intelligence (AI) are particularly in demand. It is also believed that the sale of Aosphere is related to the upcoming merger of Allen & Overy and Shearman & Sterling. The proceeds from the sale will be used to expand into new markets, particularly the US, and to develop new products. Through this partnership with Inflexion, Allen & Overy gains a partner with experience in the legal market. The deal is viewed differently because Aosphere is an information and data service provider and does not sell software. So it is not legal tech in the narrower sense. However, investors could enter the software-based legal tech business and provide technical support for marketing digital solutions globally. However, this would require investment and take law firms further away from their core business. However, this could be interesting for investors as it could result in steadily bubbling income from an extensive global maintenance and support business.

According to a report by www.juve.de