<ul data-eligibleForWebStory="false"><li>A new breed of legal services called 'Law Firm 2.0' is emerging, characterized by small, AI-driven businesses focusing on specific legal matters.</li><li>Zach Posner, founder of The LegalTech Fund, is launching an accelerator for companies rethinking legal services and tackling the automation of legal work through AI.</li><li>The LegalTech Lab will support 10 companies with investments up to $250,000 each, focusing on tech solutions aiming to compete with traditional law firms.</li><li>While the legal tech market is growing, concerns arise about the crowded space and long-term sustainability as customers choose established vendors.</li></ul>

Law firms' new competition is small, fast, cheap, and AI-driven — and it's not a law firm at all

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