Companies

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…

When LexisNexis launched its Lexis+ premium legal research service in 2020, the service included Brief Analysis, its answer to a line of products pioneered by legal research company Casetext with its CARA brief analysis tool and followed by companies such as Thomson Reuters and Bloomberg Law. Last year, LexisNexis expanded that to add…

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…

A new generative AI product for immigration lawyers announced today is designed to help them conduct research, draft and summarize complex legal documents, and engage with potential clients through a chat interface.

Called Visalaw.ai Gen, the product has been developed as a collaboration between the company Visalaw.ai, the technology affiliate of the immigration law…

EvenUp, a company that uses AI to turn medical documents and case files into demand packages for personal injury lawyers, has raised $50.5 million in a Series B funding round led by Bessemer Venture Partners, with participation from Bain Capital Ventures, Behance founder Scott Belsky, and Clio Ventures, the investment…



On this episode of LawNext, we take you to the conference floor of the CLOC Global Institute, the annual conference of the Corporate Legal Operations Consortium that was held May 15-18 in Las Vegas, for a series of brief interviews with…