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Exclusive: Thomson Reuters acquires HighQ!

Following a period of intense multi-party bidding that one person with knowledge of the situation described as “aggressive”, we understand that HighQ has been acquired by Thomson Reuters, in what looks likely to become our deal of the year for 2019.

Added by Caroline Hill on the 18th Jul 2019 at 10:20 am 7 comments

Women in tech: Baker’s head of innovation in Germany begins fellowship at the World Economic Forum C4IR

Valesca Molinari, Baker McKenzie’s co-head of innovation in Germany and Austria, will this week begin her fellowship at the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR), in San Francisco, California.

Added by Caroline Hill on the 18th Jul 2019 at 6:51 am No comments

“This is still a nascent stage in legal”: ContractPodAi secures $55m Series B investment

ContractPodAi has secured a $55 million Series B investment round led by Insight Venture Partners with participation from the company’s Series A backer, Eagle Proprietary Investments. The $55m investment represents Europe’s largest legaltech Series B fundraise (and, apparently, the largest Series B round for any CLM provider globally.) We speak to co-founder and CEO Sarvarth Misra about the investment.

Added by Caroline Hill on the 17th Jul 2019 at 1:13 pm No comments

CMS UK’s Obelisk partnership

We recently caught up with CMS’ head of innovation and legal operations, John Craske, to find out more about the UK top 10 law firm’s strategic partnership with Obelisk. 

Added by Tate Chennis Colbran on the 17th Jul 2019 at 10:02 am No comments

Clifford Chance selects ContraxSuite from Elevate to underpin new data science lab

Clifford Chance has selected opensource contract analytics platform ContraxSuite to underpin its new data science lab and help it build document analysis solutions for its clients. This is a tech/services play as the firm will also be supported by specialists in AI and data science at Elevate, which acquired ContraxSuite as part of its acquisition of LexPredict in November 2018.

Added by Caroline Hill on the 16th Jul 2019 at 9:00 am No comments

DAC Beachcroft: At a glance

Continuing our efforts to profile the IT capability of the UK’s largest law firms, here DAC Beachcroft’s Chief Operations Officer, Andrew Keith, tells us about the IT team’s remit, strategy, challenges and where significant investment.

Added by Tate Chennis Colbran on the 15th Jul 2019 at 10:54 am No comments

“Too great an opportunity”: Bill Burch joins ECFX as co-founder and CRO

He announced this year that he is retiring to the Caribbean but that retirement has been extremely shortlived, as Thomson Reuters Elite’s former VP of global sales, Bill Burch this week once again entered the legal technology fray as co-founder and chief revenue officer of electronic court filing startup ECFX.

Added by Caroline Hill on the 12th Jul 2019 at 3:05 pm No comments

New Seal Software CEO John O’Melia on what the management shake-up means for the business

Contract analysis specialist Seal Software has appointed a new chief executive and president, as well as introducing a new board-level position focused on accelerating strategic growth initiatives.

Added by Tate Chennis Colbran on the 11th Jul 2019 at 1:00 pm No comments

OpenText launches dedicated legaltech division and unveils major tech expansion

Serge Savchenko

OpenText has launched a dedicated legal technology function led by Serge Savchenko; who joins from Survalent Technology, where he was the chief revenue officer. The legal tech division becomes the only dedicated industry vertical in […]

Added by Caroline Hill on the 10th Jul 2019 at 7:24 pm 3 comments

Hogan Lovells partners with legal services outsourcing provider Cognia Law

Global law firm Hogan Lovells has become the latest to announce a formal partnership agreement with ‘next generation’ legal services outsourcing provider Cognia Law to enhance its alternative delivery solution capabilities. 

Added by Tate Chennis Colbran on the 10th Jul 2019 at 11:42 am No comments

Exclusive: Litera Microsystems acquires UK document comparison leader Workshare

In what is by far its biggest acquisition to date, Litera Microsystems has acquired UK-headquartered document comparison rival and market leader Workshare, in a move that will enable firms that currently use both suppliers to consolidate their relationships and simplify the drafting process in line with other recent ‘best of breed’ acquisitions. 

Added by Tate Chennis Colbran on the 9th Jul 2019 at 3:30 pm 2 comments

Barclays’ Stephanie Hamon joins Norton Rose to launch legal operations consulting practice

Norton Rose Fulbright is launching a legal operations consulting practice which will be led by Stephanie Hamon, who joins the firm from Barclays. The practice will provide management and operational advice to inhouse legal teams at major financial institutions and corporates.

Added by Tate Chennis Colbran on the 9th Jul 2019 at 2:07 pm No comments

What the innovation head said

Four legal innovation heads compare remits, challenges and priorities. Around the table are Isabel Parker, chief legal innovation officer at Freshfields Bruckhaus Deringer; Shilpa Bhandarkar, head of innovation at Linklaters; Wendy Butler Curtis, chief innovation officer at Orrick; and Kerry Westland, head of innovation and legal technology at Addleshaw Goddard.

Added by Caroline Hill on the 8th Jul 2019 at 11:53 am No comments

Still Trending: Deloitte appoints BCLP’s director of legal ops Bruce Braude as CTO

We first revealed last month that Deloitte is looking to hire a chief technology officer and today (5 July) the Big Four giant has announced that the person selected is none other than Bryan Cave Leighton Paisner’s director of legal operation solutions, Bruce Braude.

Added by Caroline Hill on the 5th Jul 2019 at 9:45 am 1 comment

The future of alternative legal services: Libby Jackson MBE gives her take

In June, Herbert Smith Freehills partner and head of Alternative Legal Services, Libby Jackson, received an MBE in the 2019 Queen’s Birthday Honour’s List for her services to the Northern Ireland economy and for innovation in law. Here Jackson shares her take on the evolution of the alternative legal services space and the changes she anticipates in the years ahead.

Added by Caroline Hill on the 5th Jul 2019 at 7:00 am No comments