Wordsmith, a legal tech startup, has successfully raised $70 million in funding, bringing its total to $100 million within just 24 months. The company focuses on developing software that automates various tasks for corporate legal teams, allowing them to manage legal work in-house and reduce reliance on external law firms. This approach is part of a broader trend in the legal tech industry, where startups are increasingly targeting corporate legal departments rather than traditional law firms. Wordsmith's software integrates with popular platforms such as Slack, Microsoft Teams, and Salesforce, enabling it to streamline processes like contract drafting and legal inquiries. The company has attracted over 500 clients, including notable names like Canva and BT. Founder Ross McNairn, a former lawyer turned tech entrepreneur, emphasizes the importance of serving corporate legal teams without conflicting interests with law firms. As the market for legal tech continues to grow, Wordsmith faces competition from other startups like GC AI and Anthropic, which are also innovating in the space.