Legal tech is having a moment in the spotlight, thanks in part to advancements in artificial intelligence. While the sector has long been booming as lawyers seek out tools to outsource the more tedious parts of their job — including accounting, annotating documents, and drafting contracts — investments in the space slowed in 2023 to a six-year low as part of a broader pullback of VC funding amid economic insecurity, according to Crunchbase data.