Yesterday afternoon, I had the chance to sit down for about 20 minutes via Zoom with Jake Heller, the founder and CEO of Casetext, to discuss his company’s acquisition by Thomson Reuters in a $650 million cash deal.
What follows is a transcript of our conversation, which I have condensed and…
Compared to Thomson Reuters, Casetext is a relatively small company with relatively minimal revenue, and one that effectively refocused its product strategy over the past year, launching its generative AI product CoCounsel just four months ago.
So why did TR shell out a record $650 million in cash to acquire Casetext? That was the…
Rumors had been swirling that Thomson Reuters was about to acquire Casetext, and they proved to be true.
Just before 9 p.m. Eastern time today, TR said it had signed a definitive agreement to acquire Casetext for $650 million cash.
“The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent…
The legal technology company Casetext celebrates its 10th anniversary today. In a blog post the company published today, it describes itself as “a ten-year overnight success.” That sums it up well. Like many startups, its path to success has taken it on detours along the way. The company it started as in 2013…
Our panel of legal tech journalists and bloggers returns live today at 3 p.m. ET for another episode of Legaltech Week, where we discuss the top stories in legal tech and innovation.
Attendance is free, but, if you have not already done so, you need to register, which you can do here. Register once and…
Now in its 10th year in business, Casetext has introduced a series of unique products over the years that have cemented its reputation as a leading innovator in legal technology and AI. Now, at time when seemingly every legal tech developer is rushing to incorporate the GPT…
Remember earlier this year when two legal scholars and scientists had GPT 3.5 take the multiple-choice portion of the bar exam and it failed to pass? Well, the second time’s a charm, as GPT has now passed not only the multiple-choice portion, but also the essay portion, and scored around the top 10% of…
With the legal industry consumed with interest in generative AI and legal tech companies scrambling to incorporate the technology into their products, it was a sure bet that, sooner rather than later, Casetext would come out with a product of its own.
After all, this is the company that had already launched the powerful neural…
For all the advances made in the science of legal search, we are – as Pablo Arredondo, cofounder and chief innovation officer of Casetext likes to say – stuck in the keyword prison.
Virtually all search tools – whether for legal research, e-discovery review, document review, or anything else – are confined to…
Last year, I wrote here about the beta release by Casetext of a powerful search tool, WeSearch, developed using an emerging branch of artificial intelligence known as neural networks, that is remarkably adept at finding conceptually related documents, even when they contain no matching keywords.
Now, Casetext is formally launching that search tool…
The legal research company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 million since its founding in 2013.
Although the company has not publicly announced the funding, it filed a notification with the Securities and Exchange Commission on Jan. 7, 2022, documenting the…
LexFusion, the company that launched last October as a go-to-market collective of legal technology companies, has added legal research company Casetext to the roster of companies it represents.
LexFusion is seeking to change the paradigm for how law firms and legal departments purchase technology by serving as the go-to-market representative of companies that it…
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