McDermott anchors $110M LegalTech Fund II with $10M commitment — second fund investment

Scale: $10M anchor in $110M Fund II; $20M total across two funds
Significance: High
Confidence: Confirmed

Why this matters

McDermott Will & Emery is putting capital behind AI. This is a high-significance signal for buyers benchmarking their panel.

McDermott Will & Emery committed $10M as anchor to The LegalTech Fund II ($110M total, first VC fund exclusively for legaltech). Also invested $10M in Fund I (2021). Other Fund II LPs include Orrick, Burford Capital, Clio, DocuSign, Harbor, Thomson Reuters Ventures. McDermott also built its own McDermott AI portal and hired Director of AI Innovation Christopher Cyrus (Sep 2024).

""McDermott is the lead anchor of The LegalTech Fund, the first VC fund exclusively dedicated to legaltech. $20M committed across two funds." — McDermott announcement"

Scale / Terms: $10M anchor in $110M Fund II; $20M total across two funds
Significance: High
Source type: Firm Press Release

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