Robert Ambrogi Blog
For legal technology company Clio, this was a particularly significant year, marked by major announcements – including its $1 billion acquisition of vLex – that many saw as transformative for the company. This was on full display at the company’s ClioCon conference in October, where CEO Jack Newton gave a keynote laying out the…
Fastcase Files Lawsuit Against Alexi Over Alleged Data Misuse and Trademark Infringement
Legal research technology company Fastcase, which is now owned by Clio, has filed a federal lawsuit against AI-powered legal research platform Alexi, alleging breach of contract, trademark infringement and trade secret misappropriation, relating to its use of data licensed from Fastcase.
The complaint, filed Nov. 26 in the U.S. District Court for…
Clio Completes Historic $1 Billion vLex Acquisition, Announces $500 Million Series G at $5 Billion Valuation, Plus Exclusive Interview with CEO and CFO
Legal technology company Clio has completed its $1 billion acquisition of vLex, marking the conclusion of the largest deal in legal tech history, and has simultaneously closed a $500 million Series G funding round, along with a $350 million debt facility, valuing the combined company at $5 billion, and clearing the way…
In A Mega Deal, Clio Buys vLex for $1 Billion, Merging AI, Research and Practice Management
In a landmark deal that will undoubtedly reshape the legal tech landscape, law practice management company Clio has signed a definitive agreement to acquire the AI and legal research company vLex for $1 billion in cash and stock.
Update: A Conversation with CEO Jack Newton on Clio’s Acquisition of vLex.
The companies…
Legal Research Service Decisis Makes Inroads Against Fastcase As It Expands to 20 Bar Associations
Decisis, the legal research service that LexisNexis parent RELX launched in 2021 to compete against Fastcase for a share of the bar association partnership business, has expanded over just the past year from 10 to 20 bar partnerships, including 14 state bar associations.
In fact, two of those state bars have yet to…
Exclusive: With Its Latest Release Out Today, vLex’s Vincent AI Adds Multi-Modal Capabilities, Litigation Workflows, and Coverage for Four New Countries
When legal intelligence company vLex released a major upgrade to its Vincent AI last September, I wrote that it might just be the most capable generative AI assistant in the legal market. Now, vLex is releasing another major upgrade to Vincent AI that pushes it further beyond traditional legal research and document…
In ‘AI Smackdown,’ Law Librarians Compare Legal AI Research Platforms, Finding Distinct Strengths and Limitations
How do AI-driven legal research platforms — specifically those that provide direct answers to legal questions — stack up against each other?
That was the question at a Feb. 8 meeting of the Southern California Association of Law Libraries, where a panel of three law librarians reported on their comparison of the AI answers…
Today on Legaltech Week: Guests Ed Walters and Robin Chesterman from vLex Discuss the New Vincent AI; Plus, the Week’s Top News
Live today on the weekly Legaltech Week journalists’ roundtable, we’ll get a briefing on the major upgrade to Vincent AI, the vLex AI assistant, from Robin Chesterman, global head of product, and Ed Walters, chief strategy officer, following yesterday’s announcement of major enhancements to the legal workflow assistant.
Of course, the panel will…
As It Unveils Major Upgrade of Its Vincent AI, vLex May Now Be the Most Capable AI Assistant in the Legal Market
Ever since Casetext released CoCounsel on March 1, 2023, the race has been on among legal tech companies to develop the most capable generative AI assistant for legal professionals. Today, vLex is releasing a major upgrade to its Vincent AI that puts it firmly in the running for that honor.
I might be even…
New Citators from vLex and Paxton Underscore That They Are The Holy Grail for Legal Research Companies
Citators — tools that validate whether a case or statute is still good law — have always been an essential component of a full-featured legal research platform. But in this age of AI-generated hallucinations, they may be more important than ever before.
Just two products have long dominated the legal research market as the gold…
vLex-iManage Partnership Enables Single AI-Powered Search of Internal Firm Documents and External Legal Resources, As Well As Automatic Filing of Federal Litigation Documents
Document management company iManage and legal research company vLex now have something else in common besides brand names that start with lower-case letters.
The two companies today announced a partnership that will combine the artificial intelligence and docket-monitoring tools of vLex with the knowledge assets and client and matter folders that a law…
Two Launches Today from vLex: A Gen AI Document Analyzer for Litigation and Transactions, and A Co-Development Lab to Help Customers Adapt AI
The global legal research company vLex today announced the launch of Vincent AI Document Analyze, a new tool in its suite of generative AI features that enables legal professionals to analyze litigation and transactional documents and surface legal and factual information that they can use in preparing a response.
Also today, vLex said it…