As I wrote last year at Above the Law, for legal research, brief analysis is the new vogue. After legal research company Casetext introduced the first brief analysis tool in 2016, CARA, other companies followed suit with an array of brief analysis products own, including Clerk from Judicata, Vincent from vLex, EVA from ROSS Intelligence, and
Wolters Kluwer’s ELM Solutions Introduces AI-Powered Tool for Legal Bill Review #Legalweek20
Three years ago, Wolters Kluwer’s ELM Solutions introduced LegalVIEW BillAnalyzer, a service for in-house legal-bill review teams that combines machine learning and other advanced technologies with human expertise to help review law firm invoices and ensure that they accurately and consistently adhere to billing guidelines.
Today, ELM Solutions is introducing a variation on that…
Rocket Matter Acquires Payments Company LexCharge, Will Integrate with Practice Management Platform
The practice management company Rocket Matter is announcing today that it has acquired LexCharge LLC, a payment processing company that specializes in handling payments for legal professionals.
The LexCharge payment technology will now be integrated within the Rocket Matter platform, to create a consolidated, streamlined experience for law firms for time capture, billing,…
AI Contract Management Company Evisort to Roll Out Pre-Signature Workflow Module #Legalweek20
Fresh on the heels of its $15 million Series A funding round in December, the artificial intelligence contract management company Evisort is today announcing plans to release a new workflow module that will offer pre-signature contract-generation and approval workflows in combination with the company’s post-signature contract analytics.
Evisort says that…
UpCounsel to Shut Down; Was Marketplace for Freelance Lawyers
Lawyer marketplace UpCounsel is shutting down.
The San Francisco based company, which has raised a total of $26 million, including a $12 million Series B in April 2018, notified customers by email this morning that it will shut down permanently on March 4.
The company served corporations by providing freelance lawyers for anything from a…
Reynen Court Formally Launches Its ‘App Store of Law’
Reynen Court, the Amsterdam-based company that has often been described as the app store of law, and which launched in beta last August, announced today that it is now commercially available.
This comes after news yesterday that the international law firm Orrick has become an investor in Reynen Court, joining global firms Clifford Chance…
For Second Year In A Row, Relativity Announces New Pricing For Its SaaS Product
The e-discovery technology company Relativity is today announcing a new payment and pricing model for its cloud-based SaaS product RelativityOne.
Under the new model, customers can now choose a pay-as-you-go pricing plan, under which they will pay for the software month-to-month based on utilization, measured by quantity of data and number of users.…
Review: Clio CEO Jack Newton Provides A Manual On Becoming A Client-Centered Law Firm
We live in an age in which how we buy a good or service matters as much as what we buy. The success of companies such as Amazon, Starbucks, Uber and Netflix has less to do with what they sell than with how they sell it.
They have changed the experience of how we consume,…
ILTA Webinar Tomorrow: Breaking Down the Black Box of Litigation Analytics
Litigation analytics is a rapidly growing area of legal technology, promising lawyers valuable insights into courts, judges, opposing counsel and parties. But these products are not created equal. Their results can vary widely depending on the sources and quality of data they use and the types of analytics they provide.
I wrote about this last…
New CEO Named for Axiom Managed Services Spin-Off Factor
Just last week, I reported here about the name change of Axiom Managed Services, one of two companies spun off last year from alternative legal services provider Axiom. With its new name, Factor, and a “doubling down” by two long-term investors, the company characterized the move as a relaunch to position…
Brian Kuhn, Cofounder of IBM Watson’s Legal Business, Moves to ALSP Elevate
Building on its 2018 acquisition of the AI technology and consulting firm LexPredict, the global law company Elevate has launched a Digital Strategy and Solutions business unit and hired a big name in legal AI to run it — Brian Kuhn, formerly global managing leader of the IBM Watson Legal business.
The…
With Backing from U.S. Venture Firm, UK-based Juro Looks to U.S. Market
As was reported here yesterday, the London-based contract-management company Juro announced a $5 million Series A investment round led by the U.S. investment banking firm Union Square Ventures. What does the investment mean for the company’s expansion in the U.S. market?
In a conversation yesterday, I put that question to Richard Mabey,…
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