Venture capitalists are bypassing law firms and investing in legal technology vendors as they become increasingly sceptical about BigLaw. Companies which compete with law firms such as Lex Machina, Modria, Ravel , Rocket Lawyer and LegalZoom are just a few of the companies which have benefited. According to venture capitalist Jason Mendelson of the Foundry Group,  the legal industry is complicated. He told the ABA Juornal that he had invested in Modria, an online dispute resolution service as it was not regulated by the ABA Model Rules of Professional conduct or serviced by traditional law firms. Source: ABA Journal