Technology-Enabled Legal Services (TELS) Market

Technology-enabled solutions have made an impact on the business world. Many corporate departments have integrated technology into their daily practices to achieve greater efficiency and results, despite ever-increasing budget pressure. In general, the legal market has been slower to adopt technology due to the lack of integrated solutions built upon a foundation of domain expertise.

The market for legal services in the United States was $437 billion in 2017, compared to a $204 billion market for accounting services. Yet, accounting departments are spending their budget on technology solutions at nearly a 3X greater rate than legal departments. In fact, the relative technology spending for legal was $3 billion, while accounting was $4.1 billion. This disparity illustrates the significant market for TELS.

U.S. Spending on Technology vs. Services
By Industry (2017)

About Rowan

The company was founded by John Amster in 2018, based on several years researching the legal technology market. In late 2018, the initial Rowan team acquired patent technology experts TurboPatent. Rowan provides cost-effective technology-enabled legal services (TELS) that address the complex legal challenges of corporations and law firms. Rowan’s initial focus is delivering value for IP groups by combining leading IP experts and consultants with a state-of-the-art technology platform that incorporates AI, machine learning, and natural language processing to deliver end-to-end solutions.

Innovation

Rowan has invested in a state-of-the-art technology platform that incorporates AI, machine learning, and natural language processing. Rowan’s senior consultants use this platform to deliver end-to-end legal and IP management services for corporate clients.

Rowan Offerings