Does Contract Management Software Have Product/Market Fit?

Recently, legaltech commentator Zach Abramowitz posed a provocative question: “Has CLM reached product market fit?” Product/market fit is, roughly, whether a product meets strong market demand, but the definition is pretty squishy and inexact 1 . Since the definition of product/market fit (aka “PMF”) is squishy, Abramowitz considers a bunch of indicators. “how total number of users would increase if marketing were to slow down.