In news akin to a wedding announcement jointly issued by the Hatfields and the McCoys, two longtime competitors in the legal research market, Casemaker and Fastcase, have merged, creating a single company under the Fastcase brand that has an estimated subscriber base of more than three quarters of all lawyers in the United…
LAWCLERK Launches Subscription-Based Virtual Law Firm Associates
LAWCLERK, an online marketplace where solos and small firms can hire freelance lawyers, is expanding today into a new kind of offering — subscription-based virtual associates.
Since its launch in 2018, LAWCLERK has focused on enabling smaller firms to hire freelance lawyers to assist them on a project-by-project, as-needed basis. LAWCLERK says it now…
20 For 2020: The Legal Tech Trends that Defined the Year
The 10 Most Popular LawNext Podcasts of 2020
My LawNext podcast features conversations with the “innovators and entrepreneurs who are driving what’s next in law.” But in 2020, “what’s next” was anybody’s guess.
In this list of the 10 LawNext episodes that were most popular during 2020, it may be little surprise that my April interview with legal futurist Richard Susskind…
Report: Ironclad Gets At Least $100M Funding at Nearly $1B Valuation
A report this afternoon says that Ironclad, the San Francisco-based digital contracting platform for legal departments, has raised at least $100 million in a Series D funding round at a post-investment valuation of more than $950 million.
The website The Information reports that the round was led by the venture capital firm Bond,…
American LegalNet Seeks Dismissal Of Lawsuit By CourtAlert.com for Theft of Trade Secrets
After docketing technology company CourtAlert.com sued its competitor American LegalNet (ALN) in September alleging theft of trade secrets, ALN has responded with a motion asking the court to dismiss the lawsuit for failing to state a claim, calling it “baseless” and “a transparent effort to chill lawful competition and embarrass its competitor.”
In…
In Its Second Acquisition In A Month, Onit Picks Up Document Automation Company AXDRAFT
In its second acquisition in a month, Onit, the Houston company that provides enterprise workflow products for corporations and corporate legal departments, has acquired AXDRAFT, a Y Combinator-backed company whose software automates the creation of routine contracts and legal documents.
Founded in 2017, the Ukrainian company says that its technology enables corporate legal…
DISCO Completes $100M Financing, Including Previously Announced $60M
The Austin, Tex., based discovery company DISCO said today that it has completed its fourth-quarter financing, bringing total investment in the company to $235 million and valuing the company at $785 million.
This includes e financing includes the $60 million equity financing that DISCO announced on Oct.…
Reynen Court Now Lets You Take Legal Tech Products For A Test Drive
Reynen Court, the platform that describes itself as the app store for legal technology, has introduced a new feature, appropriately called One-Click Test Drive, that makes it easy for law firms and legal departments to test products without having to buy them or negotiate trial licenses.
Using Test Drive, a user can quickly deploy…
On LawNext: Founder-Turned-VC Jules Miller On Investing In Legal Tech
Jules Miller knows what it is to be a legal tech entrepreneur. She is a three-time founder, twice of legal tech companies: Hire an Esquire in 2012 and Evolve Law in 2015. Now a partner in venture capital firm Mindset Ventures, she is leading…
AI-Driven Spend-Management Platform Brightflag Raises $28M
Brightflag, an Ireland company whose platform uses artificial intelligence to help corporate legal departments better manage their legal spend and legal matters, said today that it has raised $28 million in a growth equity investment.
The investment was led by London-based One Peak Partners, an investment firm that specializes in growth-stage technology companies…
XIRA’s Free ‘GAVEL’ Aims to Disrupt the Subscription Model for Practice Management Software
Last month, I wrote here about XIRA, a new lawyer-matching website whose goal is not only to make it easier for clients to find lawyers, but also to make legal services more affordable by providing attorneys with free practice management software.
Now XIRA is taking that free software a step further, with the…