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…
AI Contract Drafting Startup Henchman Unveils Microsoft Copilot Integration, Calling It First of Its Kind
Henchman, a legal tech startup that provides legal teams with quick access to their previously written contract clauses and definitions directly within Microsoft Word, today released what it says is a first-of-its-kind integration with Microsoft Copilot through which Copilot users will be able to surface clauses and precedents from their document management systems that…
New Report Synthesizes the Data to Identify Key Legal Tech Trends and Action Items for Solos and Small Firms
For solo and small law firms, the current state of legal technology offers both promises and pitfalls. Technology such as generative AI poses traps for the unwary, but for those who understand and embrace technology, there are opportunities to run more profitable and efficient practices, provide better customer experiences, and improve work-life balance.
In light…
Leadership, Growth, and Profitability in a Post-Pandemic Era: New Report Focuses on How Modern Law Firms Are Navigating Digital Transformation
By Ari Kaplan, Ari Kaplan Advisors [Sponsored Post]
In collaboration with Affinity Consulting, iManage, and SurePoint Technologies, I was fortunate to interview 18 chief operating officers, 10 executive directors, one chief executive officer, and one chief administrative officer at law firms, with a median of 140 professionals and 73 lawyers,…
Stuck In A Long-Term Contract with A Practice Management Vendor? Clio Offers to Buy You Out
Two years ago, Clio, the law practice management company, made an offer that some law firms might have found difficult to refuse. It offered to buy them out of up to six months of their contracts with competing practice management platforms if they switched to Clio’s platform.
Now Clio is reviving that offer, which…
Despite All the Hype Over CLM Software, Most Companies Don’t Use It to Manage their Contracts, Survey Finds
One of the most talked-about legal technologies of the last few years is contract lifecycle management software. But a survey released today finds that the majority of companies do not use CLM software at all, and of those that do have a dedicated CLM system, most use it only on a limited basis.
Instead of…
Robert Ambrogi Blog