Two legal companies that are leaders in document and contracts technology, Zuva and Litera, revealed today that they have developed a multi-level document classification taxonomy for use by legal professionals and companies, and that they have contributed the taxonomy to the SALI Alliance, a group working to standardize legal data, to make…
Hg Doubles Down On Its Investment in Litera to Drive Further Growth
Hg, a global private equity investor, is leading a further majority investment in legal technology company Litera, which it acquired in 2018 from the investment firm K1 Investment Management.
The terms of this new investment are not being disclosed.
In the two years since Hg acquired Litera, Litera has been on a trajectory…
Fueled By $20M Raise, Kira Spin-Off Zuva Reveals Its First Product
Seven weeks ago, as Litera announced its acquisition of Kira Systems, the pioneering AI contract analysis company, Kira announced the spin off of a new company, Zuva, to continue developing machine learning technology for business documents.
Now, Zuva is off to a running start, announcing today that it has secured Series…
Litera Makes Another Acquisition, of UK Relationship Marketing Company Concep
Barely a week after acquiring AI pioneer Kira Systems, and building on its acquisition earlier this year of Foundation Software, the legal technology company Litera is today announcing another acquisition, of U.K. company Concep, a provider of B2B relationship marketing technology for law firms, corporations, and professional and financial services.
Concep…
Litera to Acquire Legal AI Pioneer Kira Systems, Enhancing its Transaction Management Offering
Kira Systems, a 10-year-old Toronto company that pioneered the use of artificial intelligence in contract analysis, is to be acquired by the global legal technology company Litera, its 12th acquisition over the span of two years.
Kira’s CEO, Noah Waisberg, a former corporate lawyer with Weil, Gotshal & Manges in New York,…
LexFusion Adds Casetext To The Collective of Companies It Represents
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…
Fastcase Names Its 11th Annual Class of Fastcase 50 Innovation Honorees
If you are wondering where the innovators are in law, look no farther than the Fastcase 50, the annual award doled out by the legal intelligence company Fastcase that honors 50 of the law’s “smartest, most courageous, innovators, techies, visionaries, and leaders.”
Fastcase today announced its 11th annual Fastcase 50 honorees, which adds up to…
CLE Tomorrow: Legal Tech and Where It’s Going
A panel tomorrow will feature a line-up of legal tech experts to survey what’s happening in the field now and what to expect in the years to come.
Presented by the Massachusetts Bar Association, Legal Tech and Where It’s Going will address what legal technology is available now to help lawyers in their practices…
LexFusion Adds Three Companies to Its Go-to-Market Legal Tech Collective
LexFusion, the company that launched last October as a go-to-market collective of seven legal technology companies, has now added another three members to the roster of companies it represents.
LexFusion aims to change the paradigm for how law firms and legal departments purchase technology by serving as the go-to-market representative of companies that…
10 Most Popular LawNext Episodes of March 2021
Here are the episodes of my LawNext podcast that got the most listens during March.
This reflects only downloads of episodes during the month of November, not for all time.
(In the all-time tally, the most listened-to episode is my April interview with legal futurist Richard Susskind.)
On LawNext: Kira’s Cofounders on 10 Years in Business and their New Book on AI in Law
This year marks the 10th anniversary of Kira Systems, the first company to develop AI-powered contract analysis, technology that is now becoming commonplace in the legal profession. To mark the anniversary, Kira’s cofounders are releasing a book, AI For Lawyers: How Artificial…
In First for Contracts AI, Kira Creates Algorithm to Protect ‘Inferential’ Confidentiality of Training Data
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…