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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, 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…

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…

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…

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…

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…

Ninety-two percent of law firms worldwide say they were completely or somewhat prepared for full-scale remote work at the pandemic’s onset, a survey released this morning finds.

Even so, most firms plan to increase their budgets for technology and process software and adopt more cloud-based technologies, the survey reports.

Published for the fourth consecutive year…

For lawyers looking to build their books of business, there is gold to be found in the biographies of corporate counsel. A shared law school or employment connection from the past can mean a foot in the door today.

Lawyers’ ability to find and act on those connections just got a significant boost with today’s…

The pandemic has made it more essential than ever before for law firms to accept electronic payments. Clients who now pay everything else online have no appetite for lawyers who require paper payments. Plus, law firms that accept e-payments get paid faster and increase their collections, studies suggest.

Against this backdrop, the practice management…

In e-discovery and investigations, time is often of the essence. While artificial intelligence can reduce the overall time of a project, it can also present a speed bump at the start, in part because of the need to train the AI algorithm, and in part because the legal team may lack the AI-related knowledge or…

Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments up 11.2 % in the first quarter of 2021 over the prior year.

Law firms were no exception to this trend, as they realized that the old way of collecting payments via paper checks was impacting…

Rian Gauvreau, who in 2008 cofounded practice management company Clio with Jack Newton, has left the company, where he most recently held the position of chief people officer.

He continues to serve on the company’s board of directors.

A company spokesperson said that Gauvreau decided to step down from his position at…