Landmark news broke this morning that law practice management company Clio has signed a definitive agreement to acquire the AI and legal research company vLex for $1 billion in cash and stock.
After my initial report earlier today, I had the opportunity to sit down with Clio founder and CEO Jack Newton to discuss this deal…
In a landmark deal that will undoubtedly reshape the legal tech landscape, law practice management company Clio has signed a definitive agreement to acquire the AI and legal research company vLex for $1 billion in cash and stock.
Update: A Conversation with CEO Jack Newton on Clio’s Acquisition of vLex.
The companies…
Having had to skip last week’s show, we have two weeks of news to catch up on today on Legaltech Week, the show where a panel of journalists discusses the top stories of the week in legal tech and legal innovation.
It’s live today at 3 p.m. E.T. If you haven’t already, you can…
Unless you have been living in a cave for the past two years, you are undoubtedly aware of the rash of AI hallucination cases plaguing the legal profession. These are cases in which lawyers-who-should-know-better file briefs they’ve generated using AI without ever checking the citations, only to learn — surprise of surprises — that the…
Earlier this week, I reported on FTV Capital’s investment in ProfitSolv, the parent company behind multiple law practice management platforms, including CosmoLex, Orion, Rocket Matter and Tabs3. Although the dollar amount of the investment was not disclosed, ProfitSolv described it as “substantial.”
Yesterday, I had the opportunity to speak with Adam Hallquist, a…
A study out today from Thomson Reuters reveals a stark division within the legal profession: When it comes to reaping the benefits of AI, organizations with clear AI strategies are dramatically outperforming those without them, creating an increasingly pronounced competitive divide.
The 2025 Future of Professionals report, based on responses from 2,275 global professionals…
Supio, an AI-driven platform developed specifically for personal injury lawyers, has been generating a lot of buzz. On the heels of reporting record growth last year and raising $25 million in Series A funding in October, last month it raised another $60 million in a Series B round. But what do the lawyers who…
Even free legal research platforms need to make money at some point, and so as Descrybe.ai today launches a paid upgrade, it is making it worth your while, offering a “Legal Research Toolkit” with a suite of features, including its own AI-driven citator, which it calls the Cytator.
As I wrote about Descrybe…
ProfitSolv, the parent company to a group of practice management and payments products for legal, accounting and professional services firms, said today that it has secured a significant strategic investment co-led by private equity firms FTV Capital and Lightyear Capital.
The company said that the investment will be used to…
A month before the American Association of Law Libraries is set to convene in Portland, Ore., for its annual conference, its executive director, Vani Ungapen, announced today that she will leave at the end of August to purse a new professional opportunity.
Ungapen has been the AALL’s executive director since October 2018.…
Free Law Project’s CourtListener has launched RECAP Search Alerts, a new feature that allows users to monitor federal court filings for specific keywords, people, or topics, and receive alerts when there is a match. The service, which went live this week, represents what the organization calls “Google Alerts for federal courts, but much better.”…
Robert Ambrogi Blog
