Companies

In the first two posts in this series, I have talked about the consolidation of ownership that has occurred in recent years for law practice management technology. Whereas this market was once characterized by a variety of competing companies, virtually all of the major products are now owned by one of six ownership groups. Part…

“You can’t tell the players without a scorecard,” yelled the hawkers of olden days at major league baseball stadiums. In the modern days of law practice management, that may still be true.

As I wrote yesterday in part one of this four-part series, the law practice management market has undergone dramatic consolidation, from what…

The chief executive officer of law practice management company CARET left that role on her accord and remains a member of the company’s board of directors, the company says.

Earlier this week, Law.com reported that Keri Gohman, the former Bain Capital Ventures partner who had been CARET’s CEO since 2022, was laid…

As I wrote here earlier this month, tomorrow was the scheduled start date for the trial in Thomson Reuters v. ROSS Intelligence, in which TR is alleging that the now-shuttered legal research startup ROSS violated its copyrights by stealing content from Westlaw to build its own product.

But today the judge overseeing the…

Earlier this year, I wrote about the beta launch of davinci, an AI tool to assist intellectual property practitioners throughout the patent prosecution process. Today, that tool emerges from beta for general availability under a new name, DeepIP, and with a new direct integration within Microsoft Word.

DeepIP is an AI copilot that…

A cardiologist with a background in medical technology, computer science and artificial intelligence has launched a product for legal professionals and physician expert witnesses that targets the tedious task of reviewing and analyzing thousands of pages of medical records.

The product, Quench SmartChart, uses generative AI to streamline the medico-legal review process, enabling users…

Investments in legal tech got off to a slow start in 2024. A Crunchbase report just last week said that legal tech startups had raised only $356 million this year, compared to $871 million last year.

But in the last 30 days, according to my tracking, legal tech companies have raised at least $414…

Raghu Ramanathan, who in February was named president of the Legal Professionals segment within Thomson Reuters, overseeing all its products for the legal profession, believes there should be open benchmarking on legal AI products, he told me during an interview earlier this week.

“I do believe the industry needs open benchmarks on AI performance…

LexIQ, an early-stage startup focused on using artificial intelligence to draft and review contracts in Microsoft Word, is today launching its waitlist for corporate legal departments and law firms interested in joining is beta program.

Founded by Samarth Gupta, a computer engineer and data scientist who most recently worked at EY as a…

Stanford University will augment the study it released last week of generative AI legal research tools from LexisNexis and Thomson Reuters, in which it found that they deliver hallucinated results more often than the companies say, as others have raised questions about the study’s methodology and fairness.

The preprint study by Stanford’s RegLab…

It has been a whirlwind year for the Open AI-backed, generative AI legal tech startup Harvey, which went from a $5 million seed round in November 2022 to a $21 million Series A in April 2023 to an $80 million Series B in December 2023 at a valuation of $715 million.

It…

According to Upsolve, a nonprofit company whose technology helps low-income individuals file for bankruptcy for free, Americans owe $1.77 trillion in student loan debt — 93% of it to the federal government.

Since 2017, Upsolve’s debt relief tools have helped more than 13,000 individuals erase more than $750 million in debt. But, due to…