Bloomberg Law Legal Ops & Tech

The legal industry is 20 years behind the curve when it comes to tech adoption, according to venture capitalist Dave Yuan.

But law firms and in-house teams can no longer ignore the software tools that other sectors have been buying to boost efficiency, he says.

Exhibit A: the investment industry. Two decades ago, he says, venture capital firms started to reduce their emphasis on friends and acquaintances to find deals in favor of software and data, and they hired scientists to sift through it all.