The report anticipated UK lawtechs could attract up to £2.2bn in investment per year and employ up to 12,500 people by 2026 (about 7,100 people currently work in the sector).
It identified regulatory compliance within businesses as the fastest growth area.
Jenifer Swallow, LawtechUK Director at Tech Nation, said: ‘The law is critical in all our lives and businesses and it should be easy to engage with and affordable and effective for everyone. Lawtech is how we make that happen. The sector is seeing incredible growth.’