Yesterday, NetDocuments, the leading cloud-based document management systems used by law firms and corporate legal departments, announced that global private equity firm Warburg Pincus had acquired the stake in the company previously owned by PE firm Clearlake Capital Group. Existing investor Cove Hill Partners retained its stake in the company,…
Onit Unveils InvoiceAI, Artificial Intelligence for Legal Invoice Review
Onit, the Houston company that provides enterprise workflow products for corporations and corporate legal departments, is today introducing InvoiceAI, an artificial intelligence product for first-pass invoice review.
With today’s debut, Onit is making the product available to existing corporate legal customers on a select basis. It will release the product for general availability in…
Trying Out My Trial Skills In A New Virtual Reality Courtroom
“Ok, we are on the record. Please proceed. Counsel?”
The balding, stern-faced judge stares down at me from his bench, framed by flags to either side of him, a judicial seal on the wall behind him.
I look to my left and see the jury box, filled with six jurors, all men, one Black, some…
From Court Reporting to Video to Exhibits, An All-in-One Virtual Deposition Solution Launches
Will remote depositions disappear as legal professionals emerge from the pandemic? Not according to a recent survey by the court reporting company Esquire Deposition Solutions, which found that 78% of attorneys plan to continue conducting up to half their depositions virtually in a post-pandemic world.
In anticipation of that new reality, Esquire has…
Private Equity Firm Acquires NetDocuments
The private equity firm Warburg Pincus has acquired NetDocuments, one of the leading cloud-based document management systems used by law firms and corporate legal departments, according to a report this morning by Legal IT Insider.
Warburg Pincus has acquired the company from Clearlake Capital Group, with existing investor Cove Hill retaining its stake…
LawNext: How One Company Aims to Change the Paradigm for Law Practice Management
One of the most dynamic areas of legal tech right now is practice management, which has seen a surge of investments and acquisitions over the past year. And one of the companies that best represents that trend is Paradigm, which was founded two years ago as ASG LegalTech and rebranded this…
ICYMI: Here is Legaltech Week for 5.21.21
If you missed Friday’s Legaltech Week review of the top stories in legal technology and innovation, here are the video and audio recordings.
Two guest panelists joined us this week: Roy Strom, correspondent for Bloomberg Law and formerly a reporter for The American Lawyer and the Chicago Daily Law Bulletin, and
Pro Bono Net and Legal Aid Groups Partner To Launch Eviction Resource For N.Y. Tenants
At a time when many are predicting a tsunami of eviction cases resulting from the pandemic, the organization Pro Bono Net, in collaboration with several legal aid organizations, has launched TenantHelpNY.org, an online resource designed to help tenants in New York understand their housing rights.
The new site provides resources to help tenants…
Legaltech Week Live: Two Guest Panelists Today, and Here Are Our Topics
Live today at 3 E.T. is our weekly Legaltech Week journalists’ roundtable, where our panel of journalists and bloggers discuss the top stories in legal technology and innovation.
Two guests are joining our regular line-up of panelists for today’s show:…
A Conversation with David Colarusso, Director of Suffolk Law’s LIT Lab
David Colarusso, director of the Legal Innovation & Technology Lab at Suffolk Law School in Boston, recently joined me for an episode of my Law Insights program on Litera TV.
Among the topics we discussed were the work and mission of the LIT Lab and some of…
Eversheds and Fastcase Launch Data Analytics Tool To Assess Spoliation Risk
One of the riskiest aspects of litigation practice is spoliation — the destruction or alteration of evidence — which can carry costly sanctions for both lawyers and their clients.
Today, the law firm Eversheds Sutherland and the legal research company Fastcase are releasing what they say is a first-of-its-kind tool designed to assess…
Add-On To Agiloft’s CLM Platform Manages Sourcing and Suppliers
The contract lifecycle management company Agiloft today released an add-on module for companies to manage sourcing and supplier information, with the goal of reducing sourcing cycle time, automating supplier onboarding, and monitoring ongoing compliance.
Andy Wishart, Agiloft’s chief product officer, told me that this is the first of…