AI-Powered Spend-Management Platform Brightflag Raises $8.5M Series A Funding

By

Brightflag, an e-billing and spend-management platform for corporate legal departments that uses artificial intelligence to review outside counsel invoices, has raised $8.5 million in a Series A funding round, bringing the company’s total raise to $11 million.

The round was led by Sands Capital Ventures, Arlington, Va., with participation from existing investors Frontline Ventures…

Major Industry News: EY to Acquire Pangea3 from Thomson Reuters, Expanding Its Global Legal Services

By

In major news indicative of the direction of the legal services industry globally, EY — the entity that encompasses Ernst & Young companies worldwide — has entered into an agreement with Thomson Reuters to acquire Pangea3, the legal managed services business.

This follows EY’s acquisition last August of Riverview Law, a UK-based alternative legal services…