Yesterday, NetDocuments, the leading cloud-based document management systems used by law firms and corporate legal departments, announced that global private equity firm Warburg Pincus had acquired the stake in the company previously owned by PE firm Clearlake Capital Group. Existing investor Cove Hill Partners retained its stake in the company,…
Onit Unveils InvoiceAI, Artificial Intelligence for Legal Invoice Review
Onit, the Houston company that provides enterprise workflow products for corporations and corporate legal departments, is today introducing InvoiceAI, an artificial intelligence product for first-pass invoice review.
With today’s debut, Onit is making the product available to existing corporate legal customers on a select basis. It will release the product for general availability in…
From Court Reporting to Video to Exhibits, An All-in-One Virtual Deposition Solution Launches
Will remote depositions disappear as legal professionals emerge from the pandemic? Not according to a recent survey by the court reporting company Esquire Deposition Solutions, which found that 78% of attorneys plan to continue conducting up to half their depositions virtually in a post-pandemic world.
In anticipation of that new reality, Esquire has…
Private Equity Firm Acquires NetDocuments
The private equity firm Warburg Pincus has acquired NetDocuments, one of the leading cloud-based document management systems used by law firms and corporate legal departments, according to a report this morning by Legal IT Insider.
Warburg Pincus has acquired the company from Clearlake Capital Group, with existing investor Cove Hill retaining its stake…
LawNext: How One Company Aims to Change the Paradigm for Law Practice Management
One of the most dynamic areas of legal tech right now is practice management, which has seen a surge of investments and acquisitions over the past year. And one of the companies that best represents that trend is Paradigm, which was founded two years ago as ASG LegalTech and rebranded this…
Pro Bono Net and Legal Aid Groups Partner To Launch Eviction Resource For N.Y. Tenants
At a time when many are predicting a tsunami of eviction cases resulting from the pandemic, the organization Pro Bono Net, in collaboration with several legal aid organizations, has launched TenantHelpNY.org, an online resource designed to help tenants in New York understand their housing rights.
The new site provides resources to help tenants…
Eversheds and Fastcase Launch Data Analytics Tool To Assess Spoliation Risk
One of the riskiest aspects of litigation practice is spoliation — the destruction or alteration of evidence — which can carry costly sanctions for both lawyers and their clients.
Today, the law firm Eversheds Sutherland and the legal research company Fastcase are releasing what they say is a first-of-its-kind tool designed to assess…
Add-On To Agiloft’s CLM Platform Manages Sourcing and Suppliers
The contract lifecycle management company Agiloft today released an add-on module for companies to manage sourcing and supplier information, with the goal of reducing sourcing cycle time, automating supplier onboarding, and monitoring ongoing compliance.
Andy Wishart, Agiloft’s chief product officer, told me that this is the first of…
Wednesday: Tromans, Torpe and Me on the Past, Present and Future of #Legaltech
Did the legal tech movement begin in the 1970s? What is causing the current boom in legal tech? And what will happen once the pandemic is over?
These and other questions are the subject of a free webinar tomorrow, The Past, Present and Future of Legal Tech, presented by the University of Copenhagen and…
Alt Legal Partners with CompuMark to Expand Its Global Trademark Coverage
Alt Legal, the cloud-based trademark docketing software company, and Clarivate Plc, a leading global provider of information and insights, particularly in the area of intellectual property, today announced a partnership to integrate Clarivate’s CompuMark international trademark data into the Alt Legal platform, giving Alt Legal customers access to CompuMark and its 186…
No-Code Legal Automation Startup Josef Raises $2.5M
Josef, an Australia-based, no-code software platform that enables legal professionals to automate common tasks, has raised $2.5 million.
The funding round was led by Australian venture firm Carthona Capital, with participation from U.S. investors, including The LegalTech Fund.
Added to the startup’s $1 million seed round in 2019, this brings its total…
Exclusive: Bill4Time Launches Fully Integrated Electronic Payments
The pandemic has made it more essential than ever before for law firms to accept electronic payments. Clients who now pay everything else online have no appetite for lawyers who require paper payments. Plus, law firms that accept e-payments get paid faster and increase their collections, studies suggest.
Against this backdrop, the practice management…