McDermott Will & Schulte Anchors $110M LegalTech Fund II with $10M Commitment
- Scale
- $10M anchor in $110M Fund II; $20M total across two funds
- Significance
- High
- Confidence
- Confirmed
Why this matters
McDermott Will & Schulte is putting capital behind AI. This is a high-significance signal for buyers benchmarking their panel.
McDermott Will & Schulte (then 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. The firm also built its own 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
McDermott Will & Schulte on Panorama
Full timeline of tracked moves, capability areas, vendors in use and their Legal AI Capability Index standing.
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