Mitratech’s chief executive Jason Parkman has published a comprehensive ‘10-steps guide’ for corporate legal departments that he promises will “transform your legal department from a company cost center into the best-run business unit in the organization.”
Corporate counsel are increasingly looking to embrace technology, generate revenue, and manage their risk exposure and brand, particularly in the face of the rise of internet exposure and social media.
Law firms have always used data to make better business decisions. But now it’s getting easier and quicker to collate data into meaningful insights from which partners can make executive decisions. Ian Brownhill, Finance Director (pictured) at Manchester-based law firm Berg, has recently implemented a new approach to data management by extracting data across the firm’s core business applications to draw new insights from the combined information.
Last month saw boutique Microsoft Office professional services firm Brochet, shoot into the UK Legal Insider Top 200 supplier listing – this month Brochet launch their new product ‘Brochet Paste’ into the market place.
Today sees the introduction of some changes to the Insider website navigation to make it easier for visitors to keep track of the stories that really matter to them.
In an acquisition that brings together cutting edge analytics with a trove of content, LexisNexis has acquired litigation data mining company Lex Machina, which through its Legal Analytics platform provides insights about judges, lawyers, parties and patents from IP litigation.
The Silicon Valley company, which says it has so far been inhibited from expanding its services due to a lack of content, delivers a software-as-a-service platform that helps lawyers predict the behaviours and outcomes of different legal strategies by mining, tagging and categorising millions of Federal court dockets and documents.
“The biggest reason is the change in our culture” – Knights enters the top 100 with Darbys acquisition
The chief executive of private equity-backed firm Knights Professional Services, which this week announced it is entering the top 100 with the acquisition of Darbys Solicitors, says that moving from an equity partnership to a corporate, more efficient structure has been the single most important factor in its success.
Knights in 2012 became the first commercial law firm to receive private equity funding, from Hamilton Bradshaw, the private equity house backed by entrepreneur and former Dragons Den investor James Caan.
The then 60 fee-earner and 90 support staff firm used the undisclosed sum to invest in more integrated technology, namely Tikit’s Partner for Windows practice management solution.
The legal services group Parabis will be broken up and sold after being put into administration, Sky News reported on Saturday (21 November).
Olswang has joined the ranks of major law firms positioning themselves to attract and develop promising technology startups with a new free-to-join programme called equIP.
EquIP provides discounted and fixed-fee legal advice and support to UK tech scale-ups and entrepreneurs, with a focus on providing intellectual property (IP), corporate and commercial advice.
The new offering is targeted at experienced teams leading disruptive, IP-rich tech start-ups in need of guidance on building robust governance and compliance practices to ensure the success and longevity of their business.
Two Magic Circle lawyers have left their legal careers at Allen & Overy (A&O) and Linklaters to launch online recruitment marketplace LexStep, after finding the recruitment process for lawyers seriously wanting.
Associates Michael Hagai from A&O and Alexander Isaacs from Linklaters formally launched LexStep in October and already list Clifford Chance, Linklaters and Herbert Smith Freehills among the US, UK and international firms to offer their jobs on the site.
LexStep enables lawyers to create a profile on the site listing their legal qualifications and the practice areas they want to work in as well as the locations where they are willing to be based.
Ravel Law’s CEO Daniel Lewis talks free legal research and that ground breaking Harvard Law School partnership
This is worth reading. Speaking in an interview with the Huffington Post last week, Ravel Law’s chief executive officer, Daniel Lewis said: “Ravel means the same thing as unravel – and we liked the visual element of unraveling the law. Our mission in doing that is to develop the legal profession’s most innovative tools for case research, judge analysis, and legal data visualization.”
Thomson Reuters and Bloomsbury Publishing have today (20 November) signed an agreement that will see a selection of Bloomsbury’s legal print titles distributed as eBooks through Thomson Reuters Proview.
Under the agreement, Thomson Reuters will distribute ten legal titles from the Bloomsbury Professional range. The titles cover a range of topics and practice areas from financial services, tax and Irish land law through to the Scottish legal system, sexual offences and sports law.
Litigation funder Bentham IMF has announced that it has assembled a portfolio of dispute-based investments with a group of law firms around the US and in London in a move away from purely single matter funding for the New York-headquartered company.
Bentham has traditionally committed capital to single matters based on specific case merits and prospects for financial recovery. Now it has also begun to provide funding to law firms based on their existing track record and ‘basket’ or portfolio of cases, as well as to support their overall mission in particular areas of client representation.
It is that time of the year again when Kroll Ontrack announces its annual list of the top 10 data disasters from across Europe and the US for 2015. Who knew the Amiga 600 (circa 1992) was still state-of-the-art computing in Poland!
For today’s trawl through the archives of the Legal IT Insider we go back to the year 2001 and the now largely forgotten scandal of the Lernout & Hauspie speech recognition technology accounting scandal.
Bird & Bird has created what is understood to be the first app designed by a law firm to help in-house marketing teams and agencies with the legal issues surrounding international digital marketing campaigns.
The app, which incorporates the laws of nine European countries including the United Kingdom, covers topics such as email marketing, promotions, use of social media, comparative advertising, information requirements and commercial communication.