ROSS Intelligence, a company that sought to innovate legal research through the use of artificial intelligence, and that helped to raise awareness of AI throughout the legal industry, is shutting down its operations, as a lawsuit against it by Thomson Reuters has crippled its ability to raise new financing or explore potential…
LexisNexis Releases Unique ‘Crowdsourced’ Resource for Commercial Leases
LexisNexis today launched a unique “crowdsourced” solution to a problem faced by lawyers who negotiate commercial leases, which is the lack of data on market standards and trends to aid them in lease negotiations.
Because commercial leases are typically private, lawyers are unable to get a broad view of the terms and standards used in…
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…
Cofounders Of Legal Tech Startup Make Forbes ’30 Under 30′ List for 2021
Two University of Chicago computer science graduates who launched a software company to help public defenders analyze crucial data ahead of trial have been named to the Forbes 30 Under 30 list for 2021.
The cofounders of JusticeText, CEO Devshi Mehrotra and CTO Leslie Jones-Dove, both 23, have been named to…
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…
ABA TECHSHOW Startup Alley Application Deadline Is Dec. 18
A reminder to legal technology startups: The deadline for applications to compete in the fifth-annual Startup Alley at ABA TECHSHOW is Dec. 18.
TECHSHOW is the American Bar Association’s premier legal technology conference, to be held virtually March 8-12, 2021.
Through the Startup Alley competition, 15 startups will be selected to participate in a virtual…
LawNext: BlackBoiler Founder Dan Broderick On Automating Contract Markup
Dan Broderick believes businesses waste billions in repetitive work reviewing and negotiating semantically similar contracts. As a former lawyer, he saw the problem first-hand. It led him to found BlackBoiler, whose AI-based technology…
BlackBoiler Wins Two More Patents for Its AI-Assisted Contract Review Software
BlackBoiler, the Arlington, Va., company whose AI-based technology automatically marks up draft contract language, has been issued two additional patents from the U.S. Patent and Trademark Office (USPTO) for its AI-assisted contract review software.
That brings to seven the number of U.S. patent allowances issued for BlackBoiler’s software. It has additional patent applications pending…
20 Legal Tech Executives Write Speaker Pelosi In Favor Of Open Courts Act
Twenty executives of legal technology companies and organizations signed on to a letter delivered this morning to Speaker Nancy Pelosi in favor of legislation that would eliminate the PACER paywall and modernize access to federal court records.
Executives from companies and organizations involved in legal research, docket research and legal information wrote in favor of…
The Legaltech Week Journalists’ Roundtable Returns Today At 3 ET
After a week away for Thanksgiving, the Legaltech Week journalists’ roundtable returns today at 3 p.m. ET to dissect and discuss the top news stories of the week.
One topic I’m sure we’ll discuss: Yesterday’s avatar-based virtual conference, presented by EDRM for E-Discovery Day, and covered by Niki Black yesterday on Above…
LawNext: The 10 Most Popular Episodes of November 2020
Here are the episodes of my LawNext podcast that got the most listens during November.
This reflects only downloads of episodes during the month of November, not for all time.
(In the all-time tally, the most listened-to episode is my April interview with legal futurist Richard Susskind.)…
Exterro Acquires AccessData In Nine-Figure Deal, Expanding Its Platform And Setting Stage For Possible IPO
Today is E-Discovery Day 2020, and Portland, Ore.-based Exterro is celebrating in a big way.
In a nine-digit deal that it says makes it the only company to address governance, risk, compliance and digital investigations in a single integrated platform, Exterro is announcing that it has acquired AccessData, one of the world’s…
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