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

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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…

LawNext Episode 34: Alternative Legal Models – A Panel Discussion

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Not all law firms are equal. In fact, some of them are drastically different from one another. As technology becomes even more pervasive in the legal industry, the industry is changing and reacting.

This week on LawNext, I step aside from hosting duties and present a special live panel discussion from UC Hastings’ legal…

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

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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…

LawNext Episode 33: AJ Shankar, Founder and CEO of Everlaw

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Everlaw is an e-discovery company that has attracted the interest of some big-name Silicon Valley venture capital firms, raising nearly $35 million in the last three years. It was the first legal technology company to receive an investment from Andreessen Horowitz, a firm known…

Intapp, Provider of Professional Services Software, Acquires ERM Platform gwabbit

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Intapp, a company that provides cloud enterprise software to legal, financial and other professional services firms, said today that it has acquired gwabbit, an enterprise relationship management and data quality management platform popular among larger law firms.

Intapp said the acquisition will expand its capabilities in marketing and business development with AI-based relationship intelligence…

Global Legal Research Company vLex Acquires UK Service Justis Publishing

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The global legal research company vLex will announce today that it has acquired Justis Publishing Ltd., a 33-year-old UK-based online legal publisher with clients in more than 40 countries including the UK, Ireland, the United States, Canada, the Caribbean, Hong Kong, Singapore, Australia, and New Zealand.

Justis, headquartered in London, will become part of vLex. Justis Managing…