Following its launch in April 2013 of cloud-based Professional Edition for smaller law firms, BigHand has announced that the software-as-a-service (SaaS) digital dictation solution supports more than 10,000 users across 700 SMEs worldwide, as it now looks towards expanding its cloud offering to larger law firms.
Previously perceived as an enterprise provider predominantly for larger professional services firms and hospitals with sizeable in-house server infrastructure, BigHand identified that a cloud-based product could deliver significant value for SME’s.
Smaller firms face a combination of ever-increasing pressure on budgets, a competitive requirement to be just as efficient as larger players, and an often limited in-house IT capability. BigHand Professional, an entry level voice workflow product delivered in the cloud on an annual subscription basis and offering compatibility with any smartphone or hardware, has quickly proved popular with UK and international law firms.
Lorna “Hurricane” Hegarty, who works at Douglas Wemyss Solicitors in Leicester, will make her boxing debut this Saturday when she steps into the ring to raise money for Cancer Research UK. The legal executive, who has never boxed before, hopes to raise thousands of pounds by slugging it out in the charity event.
LexisNexis and BLP win ‘supplier of the year’ and ‘best use of technology’ at The British Legal Awards
LexisNexis and Berwin Leighton Paisner have won ‘supplier of the year’ and ‘best use of technology’ respectively at The British Legal Awards (BLAs) 2015.
LexisNexis was recognised for its implementation of proofreading tool LexisDraft within City law firm RPC – the BLAs 2015 law firm of the year – while Berwin Leighton Paisner won the best use of technology category for its work with RAVN ACE, having become the first law firm to sign up to the ‘artificial intelligence’ solution, as revealed by Legal IT Insider on 15 September 2015.
Let’s go back in time 30 years to 1985… if you wanted access to the functionality you have in a modern smartphone, you’d have needed to lug this lot around with you – and, presumably, a portable generator!
Risk Management: Survey suggests compliance professionals finding compliance now major source of risk – new due diligence platform may help
Compliance is becoming so complex that today’s compliance professionals are concerned about how the function will protect businesses in future. That is according to new research from The Risk Advisory Group which surveyed more than 200 compliance professionals across a range of global businesses. Called The Compliance Horizon, the survey reveals that the majority (83%) of compliance professionals feel that compliance has become more complex in the past two years.
RBRO Solutions and HighQ have signed a global resell agreement that will give their customers access to one another’s flagship products.
RBRO, which provides content management solutions and integration tools to enable organisations to get more out of iManage WorkSite, now has the ability to sell the HighQ Collaborate solution in the global market.
The deal will in turn allow customers of HighQ, which provides an enterprise-grade, privately hosted cloud platform in which organisations collaborate and share information, to benefit from RBRO’s Link2DMS product offering.
The management buyout of insurance defendant claims firm Plexus Law from the now defunct Parabis Group was supported by £4.2 million of debt finance from new British challenger bank OakNorth Bank, which is backed by Mambu, the SaaS banking platform provider.
‘NewLaw’ provider Parabis Group – which was acquired in 2012 by private equity house Duke Street Capital – went into pre-pack administration at the start of this week (22 November) and is being broken up seven ways led by restructuring consultants AlixPartners.
Plexus’ management buyout team includes Parabis Group’s founders, Andrew McDougall, Nick Addyman and Tim Roberts, who were enabled to go ahead with the deal thanks to funding from OakNorth, a new British bank for small and medium sized growth companies.
When law firms merge, there is little chance they will both be using the same case management system, time recording software or email solution, let alone the same version of all the necessary third-party applications. That would be too easy. This was the situation that senior management and the experienced IT teams at leading law firms Shakespeares and SGH Martineau had to cope with following the successful merger of the two in June 2015, although the planning started much earlier.
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).