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UK Top 100 Law Firm IT Profiles: Minster Law

Continuing our efforts to profile the IT capability of the UK’s largest law firms, here Minster Law’s director of strategy and change, Mazella Heaton, tells us about the IT team’s remit, strategy, challenges and where significant investment – estimated at 9% of income in the current year – is taking place. 

Added by Caroline Hill on the 18th Jun 2019 at 5:24 am No comments

Legal pricing: Mullins selects BigHand Quantum and Evaluate

Legal pricing continues to dominate the headlines as Brisbane-based law firm Mullins, a longstanding client of BigHand, makes the decision to extend its relationship with the adoption of financial business intelligence tools BigHand Quantum and BigHand Evaluate, we can reveal.

Added by Caroline Hill on the 17th Jun 2019 at 10:00 pm No comments

Crowell & Moring to upgrade from Elite Enterprise to 3E

It’s been a bit quiet on the Thomson Reuters Elite Enterprise upgrade front of late but we can reveal that Am Law 100 law firm Crowell & Moring has selected 3E following an extensive and competitive review process.

Added by Caroline Hill on the 17th Jun 2019 at 12:58 pm No comments

Average UK law firm partner pay breaks through the £200,000 barrier for the first time

Does the continued rise in partner pay impact on law firms’ ability and desire to invest in technology and process improvement? In the Orange Rag out next week we will be giving you our educated opinion after a series of high-level conversations but what we can tell you today (17 June) is that the average annual earnings for partners at UK law firms has broken through the £200,000 barrier for the first time.

Added by Caroline Hill on the 17th Jun 2019 at 8:00 am No comments

ICYMI – Elite Enterprise swap out: Lander & Rogers selects Aderant

Leading Australian firm Lander & Roger has swapped out its Thomson Reuters Elite Enterprise practice management system in favour of Aderant Expert software in order to improve its mobility, streamline workflow processes, and strengthen innovation. […]

Added by Caroline Hill on the 14th Jun 2019 at 11:40 am No comments

SALI: Open legal industry standard formally launches

For those of you tracking the advances of the Standards Advancement for the Legal Industry (SALI) Alliance – and that should arguably be all of you – the alliance this week announced that it is releasing the Legal Matter Specification Standard (LMSS) 1.0, Revision 2. Why should you care? Here’s why.

Added by Caroline Hill on the 13th Jun 2019 at 2:27 pm No comments

New AI eDiscovery tool “reduces legal review hours by 99 percent” – we speak to Veritone

California AI specialist Veritone has launched a new eDiscovery tool, Veritone Illuminate, which searches, analyses, culls and explores audio and video evidence as well as text evidence. It’s unusual to see facial recognition as part of an eDiscovery package: we speak to Chris Ricciuti, vice president of product management for legal & compliance about the new offering and get some private practice reaction.

Added by Caroline Hill on the 13th Jun 2019 at 1:23 pm 1 comment

Infinnium raises multi-million dollar seed funding with AI-backed data privacy and IG solutions

Infinnium, a startup that is developing solutions to improve law firm information management and business decision-making through AI, has raised a multi-million-dollar seed investment.

Added by Caroline Hill on the 12th Jun 2019 at 11:50 pm No comments

Intapp launches pricing tool

As we first revealed at the time it acquired OnePlace, Intapp is to launch a pricing tool, called quite simply Intapp Pricing, to help law firms maximize their profitability with smart scoping, pricing and monitoring.

Added by Caroline Hill on the 12th Jun 2019 at 1:51 pm No comments

“Now we understand the problem”: Prosperoware says flexibility is at the core of major new Umbria release

Prosperoware this week announced early availability of its fourth generation client value management platform Umbria, which after five years of taking on board client feedback is a major release that provides greater flexibility to plan, monitor, manage, alert, and report on matters. We spoke to CEO Keith Lipman about what the changes mean for clients and the lessons learned in the five years of working with early adopters.

Added by Caroline Hill on the 12th Jun 2019 at 12:38 pm No comments

Integreon talks Microsoft: “If we don’t try to innovate we are in trouble. We are never in trouble if we fail while trying.”

Integreon’s global head of contracts, Mark Ross, looks back with Legal IT Insider at ten years of working with Microsoft.

Added by Caroline Hill on the 12th Jun 2019 at 9:57 am No comments

STF to kick off next week in Marbella

Legal Week’s Strategic Technology Forum Europe 2019 in Marbella next week will bring together legal technology leaders from across the EMEA region as attendees gather to discuss the future of legal service delivery as well as topical subjects such as the ethics of AI.

Added by Caroline Hill on the 11th Jun 2019 at 12:20 pm No comments

What private equity wants

We talk to five leading investors about what they look for in legaltech opportunities and the value they believe they can bring including: What makes the sector attractive for later-stage growth and buyout investors? How does legaltech compare to fintech or other areas of technology as an investment proposition? And what particular challenges do they associate with investment in the sector?

Added by Caroline Hill on the 11th Jun 2019 at 6:51 am No comments

HSF partner Libby Jackson awarded an MBE

Herbert Smith Freehills partner and alternative legal services (ALT) head Libby Jackson has been appointed a Member of the Order of the British Empire (MBE) in the Queen’s Birthday 2019 Honours List.

Added by Caroline Hill on the 10th Jun 2019 at 10:32 am 1 comment

Buying Legal – ALSPs see 24% increase in BigLaw spend as in-house legal growth halts

In what should serve as the latest wake up call to BigLaw firms and the clearest evidence of a change in buying habits among the largest corporates, the money spent by Fortune 100 law firms and their international equivalents on alternative legal service providers over the past year has increased by 24%, according to extensive research by the Buying Legal Council, in a report out last week. However, with corporate legal spend on the rise after years of cuts, traditional law firms also saw a significant spike in demand, as for the first time the growth of the in-house legal team halted, raising questions as to whether growth in that sector of the market has for the time being come to an end.

Added by Caroline Hill on the 10th Jun 2019 at 10:11 am No comments