With legal technology companies of all ilks rapidly moving to develop products that incorporate the new generation of generative AI typified by ChatGPT, it was only a matter of time before one of the legal research giants would enter the fray.
Today, LexisNexis is announcing the launch of Lexis+ AI, a new product that…
Lexion is an AI-powered contract management system with a unique pedigree, having emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, and having received backing from investors such as Khosla Ventures, a Silicon Valley…
The generative AI legal tech startup Harvey has raised $21 million in a Series A funding round led by Sequoia Capital.
When I first wrote about Harvey in November, the previously stealth startup had just emerged with news that it had raised $5 million in funding led by the startup fund of OpenAI, the company…
With AI-driven tools for founders, attorneys and investors, a company called Dori is today launching out of stealth, offering a generative AI platform for private market transactions.
The company is also announcing $2 million in seed funding, which it closed last year, with participation from Counterpart Ventures, Correlation Ventures, Service Provider Capital, and a…
Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.
This latest funding…
It is a day of major legal tech deals. Following news earlier today of the merger of Fastcase and vLex, now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global…
Wait, are there now two legal AI companies named Harvey? And how is it they both involve a Winston? And why did one disappear overnight? It’s a legal tech mystery.
Last November, a GPT-powered legal AI startup called Harvey came out of stealth mode, revealing it had raised $5 million in funding led…
This week marked the annual Legalweek show in New York, one of the world’s largest and most prominent legal technology conferences. Although COVID kept me from attending, it is not keeping me from covering the news coming out of the show.
Previously, I posted part one of my roundup of Legalweek news, featuring news from…
This week brought the annual Legalweek show to New York, one of the world’s largest and most prominent legal technology conferences. Traditionally a place where major legal tech companies announce new products and features, this year was no different, save for slew of GPT-related announcements. As has been the case for several years, e-discovery…
Way back in 2018, as an increasing number of legal technology companies were launching litigation analytics products, I wrote about the trend in a post on Above the Law, where I posited that it could someday be malpractice for a lawyer not to use analytics.
Now, a survey out today from Lex…
Few legal professionals are using or planning to use generative AI tools in their legal work, according to a survey conducted March 15-16 and published this week by LexisNexis Legal & Professional.
The survey finds that legal professionals — the survey polled 1,176 U.S. lawyers and 1,239 law students — are generally more aware…
In a major win for the law practice management platform CosmoLex, it has entered into an agreement with the 36,000-member Canadian Bar Association to be the CBA’s exclusive preferred practice management software for members.
In a country known for having strict regulatory requirements for legal accounting, the CBA said that CosmoLex “checks all the…
Robert Ambrogi Blog
