Major news today regarding the alternative legal services provider Axiom: the company has taken steps to prepare for an initial public offering and, separately, has spun off two companies as separate entities.
Axiom said today that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating…
LAWCLERK, a legal services marketplace where solo and small-firm attorneys can hire freelance lawyers for short-term projects, has launched a new service targeted at corporate counsel, LAWCLERK for General Counsel.
Like the company’s standard service, LAWCLERK for General Counsel allows corporate counsel to post one-off projects to the LAWCLERK marketplace for short-term help from freelance…
In 2017, a group of longtime and prominent members of the International Legal Technology Association, unhappy with the association’s direction, broke off and formed an alternative, the Association of Legal Technologists.
At the time, nQueue CEO Rick Hellers, who spearheaded the split, wrote on LinkedIn that he and others were concerned…
Evisort, an artificial intelligence-based contract management company, today announced that it has raised $4.5 million in seed funding.
In a post here in December, I write that Evisort “might just be the hottest legal tech and AI company you’ve never heard of.”
The funding round announced today was led by Village Global and Amity…
For some two decades, Mark Chandler has been a leading voice for innovation and technology in the operation of legal departments and the delivery of legal services. Executive vice president and chief legal officer at technology giant Cisco, he has been the company’s top lawyer since 2001 and a member of its legal department since…
Making its official launch today is Infinnium, a software company that aims to redefine how law firms, corporations and other organizations interact with data in order to improve information management, information governance, regulatory and privacy compliance, and e-discovery.
The Chantilly, Va., company says it will develop software using artificial intelligence and machine learning designed…
The UK company Luminance, an artificial intelligence platform for contract review, today announced that it has completed a Series B funding round of $10 million, at a valuation of $100 million.
The funding was raised from existing investors Invoke Capital, Talis Capital and Slaughter and May. The funds will be used to support product expansion and…
“What if legal research was more human, more like a conversation, the kinds we have among ourselves?”
With that tantalizing query, Serena Wellen, senior director of research information at LexisNexis, revealed during a Legalweek media briefing that the legal research platform Lexis Advance will soon include chatbots to help guide users in their research.…
The law firm Wilson Sonsini today announced the launch of SixFifty, a software subsidiary that will develop automated tools designed to make legal processes more efficient and affordable for individuals, small businesses and emerging companies.
Named to lead the new subsidiary are Kimball Dean Parker as president and Lincoln Porter as CTO.…
We thought 2018 was a banner year for investment in legal technology companies. But then, less than two weeks into 2019, the year got off to a roaring start with news of a $200 million strategic investment in Onit, a Houston company that provides enterprise workflow products for legal management, contract management and business process…
I spent last week at two conferences in New York City. First up was Legalweek, the rebranded version of the venerable Legaltech conference, an annual affair since 1982. Friday brought me to Inspire.Legal, a new “unconference” devoted to “inspiring creative new solutions” to “the most pressing problems facing our industry.”
While they were very different…
OpenText, a Canadian company that specializes in enterprise information management, has acquired Denver-based e-discovery company Catalyst Repository Systems, a provider of e-discovery technology for corporate legal departments and top law firms.
The purchase price of the acquisition is approximately $75 million in an all-cash transaction, according to a statement by the company. Catalyst…
Robert Ambrogi Blog
