The e-discovery landscape will be needing a new map after the global e-discovery company Reveal said today that it has acquired two other leading e-discovery companies, Logikcull and IPRO.
The combination of the three companies, Reveal said, will create the first end-to-end e-discovery platform that addresses matters of all sizes and for…
A new international survey of lawyers, law students and consumers finds that nearly half believe generative AI will have a significant or transformative impact on the practice of law.
Conducted by LexisNexis and released this morning at ILTACON, the annual conference of the International Legal Technology Association, the survey polled 7,950 lawyers, law students and…
Last May, I reported here on the emergence out of its stealth development phase of The Contract Network, whose goal is to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their…
It has been the legal story of the summer. In June, Thomson Reuters announced that it had signed an agreement to acquire the legal research and AI company Casetext for a jaw-dropping $650 million.
The deal, it said at the time, was subject to regulatory approvals and customary closing conditions and was expected to…
LexisNexis is providing new details today on its collaboration with Microsoft to offer legal professionals AI-powered products and capabilities directly within the Microsoft 365 ecosystem that is typically the center of their workflows.
In a briefing yesterday, Jeff Pfeifer, chief product officer, Canada, UK and USA, at LexisNexis, revealed new information about the products…
Launched in 1993 and acquired by LexisNexis in 2004, Interaction is one of the most established client relationship management (CRM) products in the legal market. An on-premises product designed for large law firms, InterAction is used by three-quarters of the Am Law 100 and three-quarters of the largest firms globally, according to LexisNexis.…
Tangibly, a cloud-based trade secrets management platform, has completed an oversubscribed $6.5 million seed round, which it plans to use to further develop its recently launched Patent X-Ray, a tool powered by large language model artificial intelligence to help companies identify possibly undocumented trade secrets from their own patents.
The round was led…
Since launching to the legal market in 2021, the matter management platform Dashboard Legal has built a loyal following among law firm associates, who find it a superior alternative to updating and circulating checklists in Microsoft Word or Excel, says founder and CEO Mat Rotenberg.
But the company kept hearing from law firm…
In what is clearly a major milestone for Milestones, a legal tech company whose product provides law firm clients with automatic updates on their cases, it has closed a $2.1 million seed round and is rebranding as Hona to reflect the broader scope of its product’s capabilities.
Leading the seed round in the…
In October 2020, legal industry veterans Joe Borstein and Paul Stroka set out to change the legal tech sales paradigm by founding LexFusion as a go-to-market representative of a curated collection of companies across major categories of legal technology. As the company nears its third anniversary, Borstein joins me on the LawNext podcast to reflect on…
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…
Robert Ambrogi Blog
