In Its Second Acquisition In A Month, Onit Picks Up Document Automation Company AXDRAFT

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In its second acquisition in a month, Onit, the Houston company that provides enterprise workflow products for corporations and corporate legal departments, has acquired AXDRAFT, a Y Combinator-backed company whose software automates the creation of routine contracts and legal documents.

Founded in 2017, the Ukrainian company says that its technology enables corporate legal…

20 Legal Tech Executives Write Speaker Pelosi In Favor Of Open Courts Act

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Twenty executives of legal technology companies and organizations signed on to a letter delivered this morning to Speaker Nancy Pelosi in favor of legislation that would eliminate the PACER paywall and modernize access to federal court records.

Executives from companies and organizations involved in legal research, docket research and legal information wrote in favor of…

In First for Contracts AI, Kira Creates Algorithm to Protect ‘Inferential’ Confidentiality of Training Data

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In what it says is a first for artificial intelligence contract-analysis platforms in the legal industry, Kira has developed a differential privacy algorithm that protects the confidentiality of text in model training data when a user shares a machine-learning model with other firms or organizations.

The differential privacy algorithm prevents an attacker from potentially…

Onit Adds to Its Enterprise Workflow Offerings with Acquisition of AI Company McCarthyFinch

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Onit, the Houston company that provides enterprise workflow products for corporations and corporate legal departments, has acquired the New Zealand company McCarthyFinch, a provider of a suite of AI-driven contract management software designed to help automate contract reviews and approvals, and is unveiling two new AI products that incorporate the McCarthyFinch technology.

McCarthyFinch…