Thomson Reuters, continuing to build on its acquisition last June of Casetext and its CoCounsel generative AI legal assistant for a whopping $650 million cash, today disclosed plans to deploy CoCounsel as a single and continuous AI assistant across its entire portfolio of products spanning every professional its serves in legal, tax, risk and…
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…
Following Departure of its Founder, E-Discovery Company DISCO Names New CEO
The e-discovery company CS Disco today announced that its board of directors has named Eric Friedrichsen as president and chief executive officer, filling the slot vacated when the company’s cofounder Kiwi Camara stepped down as CEO last September in the wake of allegations that he had groped a female employee.
Since Camara’s…
New Product from Litera Uses Gen AI to Create Database of Corporate Deal Terms from a Firm’s Own Documents
Litera today released a new product that uses generative artificial intelligence to create a database of corporate deal terms from a law firm’s own documents, in order to give legal teams easy access to al relevant data points from prior transactions, whether for negotiating a deal or pitching a potential client.
The product, Foundation…
As It Continues to Expand Beyond Legal Research, Bloomberg Law Acquires Legal Project Management Platform Dashboard Legal
Furthering its expansion beyond legal research and into other products aligned with legal professionals’ day-to-day workflows, Bloomberg Law has acquired Dashboard Legal, a project management and collaboration platform specifically designed for the legal market.
The acquisition builds on the company’s launch last year of Bloomberg Law Contract Solutions, an AI-powered solution for…
On LawNext: How iManage Is ‘Making Knowledge Work’ for Legal Professionals, with CEO Neil Araujo
With the tagline “Making Knowledge Work,” the document management company iManage is enormously successful within the legal industry, with more than 4,000 customers across six continents, including 80% of the Am Law 100 and more than 40% of Fortune 100 companies. Just last year, it
Legal Tech Investment News this Week: Luminance for Contracts, Scrut for GRC, TRĒ for CRM, VXT for VoIP
It is only Wednesday, but already this week has brought news of four notable investment deals in legal tech.
LuminanceLuminance, a UK-based company that uses artificial intelligence to automate the generation, negotiation and analysis of contracts, and whose product is also used for e-discovery, has raised $40 million in a Series B funding…
NetDocuments Says Its PatternBuilder MAX AI Is Its ‘Most Successful Product Launch By A Factor of 10’
In news that is perhaps an indicator of the legal industry’s interest in generative AI, the document management company NetDocuments said today that its launch of PatternBuilder MAX AI was its “most successful product launch by a factor of 10.”
From the product’s initial launch in October to early last month, the product…
Lawmatics’ New Custom Dashboards Let Your Law Firm Track and Visualize The Data That Matters To You
As a cloud-based CRM and marketing platform for law firms, Lawmatics has always featured a standard dashboard where users can get an at-a-glance overview of their activity and metrics. But now, the company has introduced custom dashboards, enabling firms to create their own unique dashboards showing the precise data they wish to track.
Matt…
Fast Company’s List of World’s 606 Most Innovative Companies Includes Four from Legal Tech
Fast Company is out with its annual ranking of the world’s most innovative companies, and of the 606 companies that made the list, just four are from legal tech.
“The 606 organizations that we honor as Fast Company’s Most Innovative Companies of 2024 have met our high bar for demonstrating innovation and the impact…
Exclusive: iManage Reveals Details On Its Growth, Lays Out Plans to Further Leverage Gen AI, Partnerships
Among the most enduring yet dramatic success stories in legal tech is that of iManage, the document and email management company. Founded in 1995, its collaborative approach to content management made it popular among among law firms virtually out of the gate, and it was acquired eight years later for $171 million by Interwoven.…
Hotshot, the Legal Learning Platform, Releases First Five in Planned Series of AI Training Videos for Lawyers
Hotshot, a learning platform for legal professionals, today released the first five courses in a planned series designed to teach lawyers and other legal professionals about artificial intelligence and its impact on law practice.
The overall set of AI videos is designed to teach lawyers about the technology, its use cases for law…