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million in share-based compensation, increase in our legal expenses in the amount of $0.5 million, which was offset by a decrease in the cost of our D&O liability insurance premium in the amount of $0.3 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The investment process involves a two-step approach to analysis whereby anything new coming into the portfolio (a manager or strategy, for example) is discussed first at the investment committee level, before further scrutiny by the investment, risk, legal and sustainable investing teams. Governance has been reviewed and refreshed.
We spent the last decade applying proprietary AI expertise to structure, normalize, analyze, and digitize vast amounts of regulatory, legal, macroeconomic, and geopolitical information and to embed workflows that make data useful and actionable for our customers.
In addition to bipartisan legislation that has already been introduced in Congress and the potential for legal action, there is also the potential that additional rulemaking will change the mandate in the coming years. We don't really toggle a dollar amount to that number of deals, but it's substantial. That's senior housing.
Licensing revenue grew 5%, primarily due to the timing of legal settlements. Performance revenue increased by 18% due to strong artist touring activity in Europe, while sync revenue increased 2%, driven by timing of legal settlements. So, it's really -- it's basically about the dealflow if you really put it in business terms.
[Operator instructions] I would now like to pass the conference over to our host, Tryn Stimart, chief legal and compliance officer with AbCellera. Tryn Stimart -- Chief Legal and Compliance Officer Thank you. I'm Tryn Stimart, AbCellera's chief legal and compliance officer. Tryn, please go ahead.
Over the last several years, we've maintained a strong risk appetite framework and have been very deliberate about how we deploy our deposits and other liabilities into high-quality assets. Expenses increased 7% largely driven by the absence of a legal reserve release last year. Now turning to the asset side.
Really a, a fascinating combination of legal insight and technology. So we got into Y Combinator the summer of 2016 just off of this legal analytics idea. Okay, I don’t think this legal analytics thing is gonna work out for you. He sounds more like a, a computer science geek than a a, a legal geek.
As an example, a cloud-based document management company for legal professionals signed a multi-year deal with Elastic this quarter. To add more context around overall dealflow, EMEA grew the fastest during the quarter, followed by the Americas and APJ. If there is any mix shift, if it occurs, will take time.
Meade -- General Counsel and Chief Legal Officer Good morning, everyone. Our scale enhance our proprietary deal sourcing, access to the execution of dealflow, deeper liquidity, lowering trading costs, all of which benefits each and every one of our clients. Kapito, and General Counsel Christopher J. Christopher J.
For example, legal firms are using it to simplify case management and healthcare organizations such as REE Medical are using it to automatically review approximately 75,000 calls a month for specific keywords versus previously only being able to manually review a few hundred calls per month. Relationship is live and healthy.
So, there's a lot of legal activity going on to try to prevent those rules from coming into effect. So, I think that we have not changed our underwriting standards, and we are seeing some good dealflow. So, there's adequate dealflow for us to maintain our policy to think in terms of investing $100 million a year.
Meade -- General Counsel and Chief Legal Officer Thank you, operator. Unique dealflow and track record of successful exits create a flywheel effect, enabling future fundraising and more scaled funds. Long-term outcomes and future liability matching needs more than a 5% return. Operator instructions] Thank you.
million in our legal expenses since the company received $2 million from the company's directors and officers liability insurance carrier during the comparable period under the company's policy and the settlement agreement, which reduced the company's legal expenses in the same amount during the comparable period.
Our process improvement committee has been successful in implementing a new leasing dashboard tool, whereby leasing, asset management, legal, tenant coordination, construction, and senior leadership all collaborate seamlessly together, which has vastly improved our visibility and efficiency around leasing and tenant coordination.
I was in my early thirties, I didn’t have a mortgage, I didn’t have kids, I had very few liabilities. It’s also legal and regulatory. So you mentioned dealflow is, has ticked up, I’m assuming that’ll continue into next year. But it’s not for the faint of heart, that’s for sure.
And the Government segment was weaker than we had anticipated based on timing of dealflow. The prior year also benefited from a portion of a legal settlement of $17 million. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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