Harvey Raises Another $550M At A $15.5B Valuation

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The legal AI company Harvey said today that it has raised another $550 million at a $15.5 billion valuation, co-led by Diffusion and Lightspeed.

By my calculations, that puts the total amount Harvey has raised since its 2022 launch at north of $1.5 billion.

Other investors participating in this round were Sequoia, Kleiner Perkins, a16z,…

Bridget McCormack, the Former Jurist Who Led Innovation at the American Arbitration Association As Its CEO, To Step Down for New Opportunity

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Bridget M. McCormack, the former chief justice of the Michigan Supreme Court who joined the American Arbitration Association in 2023 as its president and CEO, helping to spearhead the AAA’s innovation efforts, particularly with regard to its adoption of generative AI, has announced she is stepping down from that role.

Steve Errick, the AAA’s…

Casepoint Launches Casepoint IQ, An AI Framework Spanning Its Full Platform, from New Autonomous Agents and Assistive AI to Legacy Predictive Coding

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Calling it the “intelligence foundation” of its platform, Casepoint today launched Casepoint IQ, a suite of tools within a single AI framework that spans the company’s products for e-discovery, legal holds, FOIA and investigations.

The company says that Casepoint IQ pulls together all of its AI capabilities – including new semi- and fully autonomous…

ILTACON News Round-Up Part 3, Documents, Data and AI: iManage, NetDocuments, Entegrata, Wolters Kluwer, Thomson Reuters, Clio, Avvoka

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Last week’s ILTACON, the annual conference of the International Legal Technology Association, brought what may have been the busiest news cycle I can remember for this conference, with a torrent of product announcements dominated by two themes: agentic AI and the Model Context Protocol.

I have already covered the conference and several of the…