Companies

What does it mean to practice data-driven law? On this episode of LawNext, I speak with Jeff Pfeifer, the LexisNexis vice president charged with driving overall product strategy for LexisNexis Legal and Professional, North America. Over the past several years, Pfeifer has spearheaded a series of acquisitions and product developments, all…

The legal analytics platform Lex Machina, which is owned by LexisNexis, has been steadily expanding its coverage into new practice areas, and today has added insurance litigation.

The new module provides analytics for more than 92,200 cases pending in federal court since 2009 that involve disputes between an insurer and a policyholder, a beneficiary,…

Earlier this week, as I reported here, the online legal services company LegalZoom announced a $500 million secondary investment, the largest investment ever in a legal technology company. It comes as the company continues to expand both its services and its geographic reach. With a valuation of $2 billion and a customer base of 4 million, what will this investment mean for LegalZoom now and into the future?

The legal services company LegalZoom today announced a $500 million secondary investment led by Francisco Partners and GPI Capital, with Franklin Templeton Investments and Neuberger Berman Investment Advisers also participating.

Existing investors will retain meaningful stakes in the company, the announcement said. Global private equity firm Permira will remain the largest shareholder. Bryant…

LexisNexis has been positioning itself in recent years as the leader in legal analytics. In addition to acquiring three legal analytics companies – Intelligize, Lex Machina and Ravel Law – it has been developing analytics of its own within various of its products.

Now, in a major move to integrate all those products and…

It was eight years ago that Thomson Reuters unveiled WestlawNext to great fanfare, eventually phasing out classic Westlaw entirely. A lot has changed in those eight years, both in the legal market and in legal technology.

Today, Thomson Reuters is officially announcing its next-generation legal research platform, Westlaw Edge, which uses advanced artificial intelligence…

Legal directory Avvo is shutting down its controversial Avvo Legal Services, a service that provides fixed-fee, limited-scope legal services through a network of attorneys.

Internet Brands, the company that acquired Avvo last January, has decided that the service does not align with its business and focus, according to a letter sent by B.…

Budgeting legal matters is the bane of many a law firm. Whether creating a budget for an hourly matter or setting a price for a fixed-fee representation, firms fear setting prices too low or too high.

A new cloud-based product from Thomson Reuters Elite, 3E Matter Pricing, provides a suite of tools intended…

Firm Central, the Thomson Reuters cloud-based practice management platform, recently rolled out a new reporting module, replacing its former reporting feature with more robust features and a wider array of user options.

In addition, Firm Central has introduced a number of improvements in recent months to its time and billing functions and across various…

Over the nearly 16 years of this blog’s existence, it had just two homes. When I launched it in 2002, I published it on an early version of Google’s Blogger that supported hosting on non-Google servers. But in 2010, after Blogger decided to discontinue support for externally hosted blogs, I moved the blog to Justia,…

Thomson Reuters today announced the appointment of co-chief operating officers to lead its legal and tax and accounting businesses and the departure of Susan Taylor Martin as president of the legal business.

Brian Peccarelli

Effective July 1, Brian Peccarelli, president of Tax & Accounting, will become co-COO with responsibility for customer markets.…

In the book, Moneyball: The Art of Winning an Unfair Game, Michael Lewis documented how the Oakland Athletics used analytics to build a competitive baseball team. In much the same way, lawyers are increasingly using analytics to get the upper hand in litigation and business development.

One of the companies that pioneered the…