Forbes: Legal AI Has Attracted $2B — And Productized Firms Are Serving SMBs at Fixed Rates

Forbes reported on August 25 that investors have put $2.1 billion into legal tech startups globally in the first half of 2026, with a notable portion flowing toward fixed-fee, AI-assisted models targeting small businesses and startups. Soxton, the legal platform profiled by Forbes, charges fixed fees of $10,000 to $20,000 for priced fundraising rounds and M&A transactions — work that costs $50,000 to $100,000 at large traditional firms — by using AI-generated first-pass work product reviewed by licensed attorneys. Soxton has supported over 1,000 startups and raised $2.5 million in pre-seed funding. The pattern — software-generated first draft, attorney approval, fixed price — is becoming a template for the "missing middle" of legal consumers who earn too much for legal aid but too little for traditional firm pricing.