Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.
This latest funding…
Aderant, the company that provides business management software for law firms, said today that it will soon release an AI-powered product that will automate law firms’ compliance with outside counsel guidelines.
It will launch the product, which it calls Onyx, at its Momentum user conference in Denver May 8-11.
“Law firms have been…
As a solo myself, I can tell you that there is much to be said for practicing on your own – freedom and independence not least among them. In fact, during 2022’s “Great Resignation,” a third of lawyers who quit their jobs did so to start their own solo practices, according to Legal Trends…
Let’s face it, hourly billing is cursed in so many ways. But for the lawyers who bill by the hour, perhaps the greatest curse is simply have to keep track of their time. That is why several companies in recent years have developed passive timekeeping tools for lawyers — tools that keep track of a…
A few days ago, The New York Times declared, “A.I. Is Coming for Lawyers.” With GPT-4 having passed the bar exam and legal tech companies launching AI-based legal assistants, it sometimes seems that the potential for AI in law is limitless. But what about that most basic of a lawyer’s tasks —…
A few weeks ago, I wrote here about the imminent launch by Josef of the beta version of Josef Q, its new product that uses advanced AI to transform policies and regulations — such as those pertaining to privacy, data security, HR and procurement — into digital Q&A tools, so that employees or clients…
As the contract lifecycle management company Ironclad is today releasing its AI redlining tool AI Assist out of beta, is has revealed that the tool is powered by OpenAI’s GPT-4, making it what Ironclad says is the first contract redlining application powered by the latest version of Open AI’s generative AI.
“The results with AI…
The document management company iManage has taken a strategic growth investment from Bain Capital Tech Opportunities in order to accelerate its organic growth and the continued evolution of its cloud-based platform, it said today.
This is a minority investment and iManage will continue to operate under the leadership of the existing management team,…
With the news last week of the merger of legal research companies Fastcase and vLex, it seemed a good time to revisit our 2019 interview with the founders of Fastcase, Ed Walters and Phil Rosenthal. The occasion of this interview was the company’s 20th anniversary, and we recorded it live, on the exhibit hall floor, at…
With the merger of Fastcase and vLex the biggest legal tech story of the week, Fastcase CEO Ed Walters joins our Legaltech Week panel live today at 3 p.m. ET to discuss the news with our regular group of legal tech journalists and bloggers.
We’ll also talk about Thomson Reuters’ sale of its…
When UniCourt was founded in 2014 to provide access to court data and analytics, APIs were an afterthought, cofounder Josh Blandi now says. The company’s original focus was on building an application to provide law firms and others with easy access to federal and state court records. But soon customers were asking for…
Email communications are a cornerstone of running a modern law firm. According to the American Bar Association, 41% of law firms use email marketing. As one of the most commonly used law…
Robert Ambrogi Blog
