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…
This week’s news of the lawyers whose reliance on ChatGPT led them to file fabricated cases in federal court only underscores the fact that it sometimes feels like the Wild West out there as generative AI gallops onto the legal landscape. For law firms — indeed, for any organization — that poses the challenge…
Spellbook, a company formerly known as Rally Legal, and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 million to drive hiring, development and expansion.
The funding was led by Moxxie Ventures, with participation from Thomson Reuters Ventures, Inovia…
As other legal technology companies have rushed to release products using generative AI, one of the largest, Thomson Reuters, has been unusually silent. It broke that silence slightly two weeks ago, when it announced plans to invest some $100 million a year in AI, including incorporating generative AI across its flagship products in the second…
Clearview Social, an application for law firms to help their lawyers share content on social media, has launched a new feature, Social Shuffle, powered by OpenAI’s ChatGPT, that automatically generates variations of a firm’s social media posts to “shuffle” the content the lawyers are posting.
The basic idea of Clearview Social is to allow…
It is an all-too-common scenario in legal tech: A law firm deploys a new legal tech product, hoping to enhance the productivity and efficiency of its legal professionals, only to see it sit idle and underutilized by the very professionals it was intended to benefit.
Anthony Seale
How can a law firm…
The CLOC Global Institute, the conference of legal operations professionals now underway now in Las Vegas, has become a leading venue for legal technology companies to announce product news — particularly when that news relates to products that serve corporate legal departments and legal ops. This year has brought a slew of announcements of…
A new company coming out of stealth today, The Contract Network, aims 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 negotiations.
It is led by CEO Jim Wagner,…
A new product out today from the legal department management platform LexisNexis CounselLink could change the paradigm for how legal departments pay outside counsel, enabling law firms to receive payments within two days of initial invoice approval, while allowing corporations up to 90 days to more thoroughly review, process and fund the invoices.
CounselLink…
Robert Ambrogi Blog
