Alternative Legal Services Market Grows to $28.5B as Industry Faces Critical Juncture, Thomson Reuters Report Finds

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on

The market for alternative legal services providers has grown to an estimated $28.5 billion, achieving an 18% compound annual growth rate from 2021 to 2023, but the industry appears to be reaching a critical juncture, with a bifurcation emerging between forward-looking and traditional law firms in their adoption of alternative delivery models, according to a…

LexisNexis Launches Protégé AI Assistant to General Availability, Promising Autonomous Completion of Legal Tasks

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on

Last August, LexisNexis Legal & Professional released the preview version of Protégé, its AI-powered legal assistant that incorporates both generative and agentic AI capabilities, describing it as a “substantial leap forward in personalized generative AI that will transform legal work.”

Now, in what it says is a “step change” in its AI offerings, LexisNexis…

The L Suite, A Community for GCs and CLOs, Acquires Luminate+ To Expand Members’ Access to CLE Content

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on

The L Suite, a community for in-house legal executives, has acquired Luminate+, an e-learning platform that aggregates continuing legal education content from major law firms into a Netflix-style streaming service.

The L Suite said that the acquisition, announced today, will enable it to address a longstanding need for practical learning tailored for modern…

At the LSC’s Innovations In Tech Conference, the Justice Gap Persists in Legal Tech, But Scrappy Innovators Drive Change Nonetheless

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on

(This post contains a correction below regarding the average amount of a grant under the Legal Services Corporation’s Technology Initiative Grant program.)

One of my most-read stories last year was The Justice Gap in Legal Tech: A Tale of Two Conferences and the Implications for A2J. It was about the jarring juxtaposition I experienced…

Agiloft Acquires Screens, AI Contract Review Technology Based On Expert-Built Playbooks

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on

The contract lifecycle management company Agiloft today said it has acquired Screens, developer of a generative AI contract review and redlining product that uses expert-created and auto-generated playbooks to “screen” and redline contracts.

“This strategic acquisition will enhance Agiloft’s data-first Agreement Platform and contract management capabilities, by standardizing the contract review process, promoting…

Epiq Global Launches AI-Powered E-Discovery Platform and AI Research Lab

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on

Epiq Global announced today the launch of Epiq AI Discovery Assistant, an artificial intelligence-powered platform that aims to automate significant portions of the document review process, along with the formation of Epiq AI Labs, a research initiative focused on developing advanced AI technologies for legal applications.

To lead the new lab, Epiq has hired AI…