Morgan & Morgan commits $1 billion and prepares MX2 for external sale

On September 14, Reuters reported that Morgan & Morgan plans to invest at least $1 billion in technology over a decade after spending about $300 million on its MX2 platform, which the firm said had nearly 5,000 monthly users. The personal-injury firm plans to invite other firms onto MX2 by the end of 2027 but has not disclosed pricing; Reuters reported Morgan & Morgan’s annual revenue at $2.4 billion. For legal-tech operators, the move adds a well-capitalized firm-built platform to the vendor market and shows how internal scale can subsidize product development before external commercialization. The key test will be whether MX2 can separate firm-specific workflows and data from a repeatable implementation and support model for third-party customers.