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Insider’s legal predictions for 2022: It’s going to be a big year for deals, law firm talent wars, legal tech, and bankruptcy

<figure><img src="https://i.insider.com/61cc86824710b10019c779d6?format=jpeg" height="3757" width="5010" charset="" alt="Wooden cube blocks spell out 2021 changing to 2022"><figcaption>Experts expect more innovation and deals in legal tech, hot Big Law talent wars, and trouble for some pandemic-impacted industries.<span class="copyright">Dilok Klaisataporn/Getty Images</span></figcaption></figure><h2>The Big Law talent wars will continue</h2><p>Big Law associates, overworked from an avalanche of deals, have been showered with raises and <a href="https://www.businessinsider.com/big-law-firms-are-hiking-associate-bonuses-up-to-115000-2021-11" data-analytics-module="body_link" data-analytics-post-depth="20" data-uri="1b79af49f620e225efa99f6bd16d3264">special bonuses</a> in 2021 by firms desperate to keep them.</p><p>2022 is on track to be just as hot, according to recruiters. </p><p>Insider spoke with four industry experts to learn what's in store for the legal industry in 2022. They said there's no sign that the torrent of legal work will slow down enough to affect talent-market conditions. </p><p><em><strong>Read more here:</strong></em></p><h1><a href="https://www.businessinsider.com/2022-another-hot-year-for-legal-talent-wars-recruiters-predict-2021-12?r=2022legalpredictions-teaser">4 legal recruiters share their predictions for another 'insane' hiring season in 2022: Tech company work will be especially hot</a></h1><hr><h2>The legal tech industry will mature</h2><p>It's been an exciting year for legal tech, which saw a flurry of M&A activity, an outpouring of capital, and a record-breaking number of companies hitting the public markets.</p><p>Law firms and corporate legal departments have doubled down on tech, from the way they manage their contracts to how they strike deals.</p><p>Many of the trends that defined this year for legal tech will continue in 2022, according to experts. Insider spoke with seven legal-tech experts about the biggest trends of 2021, and how they'll likely shape the year ahead.</p><p><em><strong>Read more here:</strong></em></p><h1><a href="https://www.businessinsider.com/legal-tech-trends-2022-markets-funding-vc-law-ipo-2021-12?r=2022legalpredictions-teaser">Here's what 7 legal-tech experts predict for 2022: M&A, IPOs, and price volatility</a></h1><hr><h2>Bankruptcies will pick up again</h2><p>2021 saw a <a href="https://www.businessinsider.com/big-law-attorneys-take-on-deals-amid-chapter-11-slump-2021-10" data-analytics-module="body_link" data-analytics-post-depth="20" data-uri="0436505db4b937cd04bf2661fa1d831d">record decline in Chapter 11 filings</a>, but that lull won't last forever. As the Omicron surge disrupts travel and return-to-office plans, bankruptcy lawyers are preparing for a busier 2022.</p><p>As the pandemic stretches on and federal stimulus support wanes, companies in the hospitality, physical retail, travel, and commercial real-estate sectors appear especially vulnerable, bankruptcy experts said. </p><p>"You're going to see some cracks into Q1, Q2 of next year," Meagen Leary, co-chair of the business reorganization and financial-restructuring group at Duane Morris, said.</p><p>Insider spoke to Leary and four other bankruptcy lawyers to learn what's in store for 2022.</p><p><strong><em>Read more here:</em></strong></p><h1><a href="https://www.businessinsider.com/5-bankruptcy-lawyers-predict-the-weakest-industries-in-2022-2021-12?r=2022legalpredictions-teaser">Bankruptcies are expected to tick higher in 2022. Hear from 5 experts on the industries most likely to crack first.</a></h1><hr><h2>M&A will stay busy</h2><p>Mergers and acquisitions set a volume record in 2021, and lawyers with their fingers on the pulse of dealmakers anticipate a busy 2022.</p><p>Interest rates could rise, putting a damper on debt-fueled transactions. And government scrutiny could slow or stop cross-border deals. Nevertheless, lawyers expect deals to keep flowing.</p><p>Insider spoke to seven top M&A lawyers about the new year. Here's what they said. </p><p><strong><em>Read more here: </em></strong></p><h1><a href="https://www.businessinsider.com/ma-lawyers-predictions-deals-spacs-tech-2022-2021-12">7 top M&A lawyers share their predictions for 2022, including a crush of deals in tech, healthcare, and private equity</a></h1><div class="read-original">Read the original article on <a href="https://www.businessinsider.com/experts-share-their-legal-industry-predictions-for-2022-2021-12">Business Insider</a></div>
Insider’s legal predictions for 2022: It’s going to be a big year for deals, law firm talent wars, legal tech, and bankruptcy
Tech

Atrium, the legal software startup founded by Twitch creator Justin Kan, is reportedly shutting down and returning some of its funding to investors

Legal-tech startup Atrium is reportedly shuttering its operations and laying off its 100 employees, TechCrunch’s Josh Constine reported Tuesday. The company, founded by Twitch creator Justin Kan, reportedly said it would return some of the $US75.5 million that it had attracted in funding from investors like Andreessen Horowitz. Earlier this […]
Atrium, the legal software startup founded by Twitch creator Justin Kan, is reportedly shutting down and returning some of its funding to investors