Legalist, a San Francisco-based litigation finance company that uses technology to scour court dockets and determine the best cases in which to invest, is now expanding into bankruptcy, raising $50 million for a fund to provide debtor-in-possession financing to small businesses in bankruptcy.
DIP financing is used in Chapter 11 bankruptcy cases to enable…
After a copyright lawsuit forced the company he cofounded to shut down last December, Andrew Arruda, the cofounder and former CEO of legal research startup ROSS Intelligence, has now taken the helm as CEO of a new software company, this time in the medical field.
Arruda announced the company, Automate Medical, in a…
Relativity, the Chicago-based company that is widely acknowledged to be the market leader for e-discovery software, yesterday announced a definitive agreement for a strategic growth investment from Silver Lake, one of the world’s largest private equity technology investors.
Although the parties did not disclose the amount of the investment,
It is a happy ending, after all, for Faster Suite and its customers, as it is back up and running as an integration with the practice management platform Clio.
As reported here last week, Clio booted the popular app last Monday over concerns that it could expose Clio customer data to a…
No sector of the legal technology market is hotter right now than contract lifecycle management. And while that sector is crowded with companies that are relative newcomers, one of the companies making the biggest waves is 30 years old.
Over the past year, Agiloft, the no-code CLM company, raised $45 million in growth equity…
A new partnership between Wolters Kluwer Legal & Regulatory U.S. and Courtroom Insight will provide easier access to labor arbitrators’ awards and biographies.
From within Courtroom Insight, users are now able to access WK’s database of labor arbitration content, which includes arbitrators’ awards and relevant biographical information.
WK’s Labor Arbitration Awards collection…
An international group of seven legal industry leaders and experts, led by U.K. blogger and consultant Richard Tromans, have formed a think tank to propel change in the legal business model, with a particular focus on how legal services are billed and delivered in the corporate and commercial law sector.
Called Changing Legal,…
That it was Friday the 13th was not lost on me.
There I sat, one year ago today, on Friday the 13th, on a packed flight from Salt Lake City to Boston, almost no one wearing masks, feeling superstitiously anxious as I returned home from BYU Law School, where I’d traveled two days earlier to…
The International Legal Technology Association’s announcement that its ILTACON conference in August will be a hybrid event, with both an in-person conference in Las Vegas and live-streamed programming, makes it the first major U.S. legal technology conference to resume in-person meetings since the outbreak of the pandemic a year ago.
But many questions…
The latest Legal Trends Report, published by cloud-based legal technology company Clio, aims to refine a vision for this “better normal,” providing data and analysis that shows the legal industry’s “product-market-fit problem,” where the majority of those needing legal help don’t get it, and how law firms can fill the gap.
In particular, this…
Calling it the most substantial update in five years to the Concordance e-discovery review platform, CloudNine today released a new version 10.24 containing a package of updates that includes a new viewer, integration with CloudNine Review, and improved production performance.
Concordance has a history as one of the earliest e-discovery review tools, developed…
The past six months have brought a flurry of investments and acquisitions involving law practice management software. Now there is another acquisition to report.
AbacusNext, one of the leading providers of legal, accounting and compliance software for legal professionals, has been acquired by Thomas H. Lee Partners, a private equity firm that invests in…
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