Large companies have a problem: Keeping tabs on their hundreds or even thousands of contracts and knowing what is in them.

The legal technology company Knowable believes it has a solution to that problem: Technology that translates contract language into structured data to give companies a broad understanding of what contracts they have, what…

Thomson Reuters is releasing a new Legislative Insights tool today on Westlaw Edge that uses artificial intelligence to track legislation, predict the likelihood of its passage, and identify the industries it will likely impact.

The tool uses machine learning and natural language processing technology developed by Skopos Labs, a New York-based AI company…

As I wrote last year at Above the Law, for legal research, brief analysis is the new vogue. After legal research company Casetext introduced the first brief analysis tool in 2016, CARA, other companies followed suit with an array of brief analysis products own, including Clerk from Judicata, Vincent from vLex, EVA from ROSS Intelligence, and 

As corporate legal departments seek to control costs and drive innovation, how can better use of data, metrics and analytics help? How are corporate counsel using analytics to measure and improve performance internally and among outside counsel?

These questions were the topic of a special episode of LawNext, recorded live during Legalweek 2020 in…

It was major legal industry news last April when international business and legal services powerhouse EY entered into an agreement with Thomson Reuters to acquire Pangea3, the legal managed services business.

Now, 10 months later, EY has laid off at least some of the U.S.-based lawyers who came with the deal.

While…

Three years ago, Wolters Kluwer’s ELM Solutions introduced LegalVIEW BillAnalyzer, a service for in-house legal-bill review teams that combines machine learning and other advanced technologies with human expertise to help review law firm invoices and ensure that they accurately and consistently adhere to billing guidelines.

Today, ELM Solutions is introducing a variation on that…

The practice management company Rocket Matter is announcing today that it has acquired LexCharge LLC, a payment processing company that specializes in handling payments for legal professionals.

The LexCharge payment technology will now be integrated within the Rocket Matter platform, to create a consolidated, streamlined experience for law firms for time capture, billing,…

Fresh on the heels of its $15 million Series A funding round in December, the artificial intelligence contract management company Evisort is today announcing plans to release a new workflow module that will offer pre-signature contract-generation and approval workflows in combination with the company’s post-signature contract analytics.

Evisort says that…

With Legalweek starting tomorrow, MaxVal, a Silicon Valley-based intellectual property software company, is today announcing the release of a major update of its IP management system.

Symphony 3.6 is “an innovative leap forward” for the product, the company says, providing new analytics, intelligence, reporting, and automation features.

The new release introduces the…

Lawyer marketplace UpCounsel is shutting down.

The San Francisco based company, which has raised a total of $26 million, including a $12 million Series B in April 2018, notified customers by email this morning that it will shut down permanently on March 4.

The company served corporations by providing freelance lawyers for anything from a…

Five U.S. law firms — three in the last 24 hours — have been among the companies and organizations targeted by a new round of ransomware attacks. In two of the cases, a portion of the firms’ stolen data has already been posted online, including client information.

This according to Brett Callow, a threat…

I am thrilled today to announce the official launch of a website whose purpose is to provide broad coverage of legal technology news, reviews and insights, through a range of voices from throughout the United States and around the world.

LegalTech Monitor will aggregate and curate the best writing on legal technology — drawn…