TOP STORIES INCLUDE: • eSentio sues HBR Consulting over NetDocuments swap out at Akin Gump and King & Spalding • Contract risk analysis platform ThoughtRiver raises over $1million in funding • RBRO says its business as usual in UK for iManage customers after departure of senior execs • Workshare says we won’t be beaten by the competition on speed or accuracy
AND welcome to the Insider’s new (and FREE to read) Legal Tech Startup Directory – 18 pages of listings and analysis on over 50 innovative companies who have broken with the law firm herd mentality and are set to change the face of legal practice in the UK, Europe, US and APAC regions. You can also discover which startups describe themselves as “Just Eat for Lawyers” and “LinkedIn meets Tinder”
FTSE 100 giant Smiths Group has appointed a first time legal operations director in order to help deliver a wholesale restructure of the legal team, with innovation and digitisation at its core.
Each year I try to identify a theme for the article to bind the different strands together. This year is reflected in the slightly tongue in cheek headline “Do you want AI with that?” as in the fast food industry where “do you want fries with that?” became a standard upsell to any order, so AI seems to be tacked on to every presentation (and a lot of demonstrations) at the event. As you will see, the theme throughout the show, was the use of AI within the legal industry. The overwhelming conference preoccupation with AI meant that there was a bit of a disconnect between the makeup of the exhibition (which was, as ever, dominated by eDiscovery suppliers), and the key notes, briefing sessions, conversations and side events going on during the three days.
Barclays this January rolled out Mitratech’s TeamConnect matter management and eBilling platform to its 140 panel law firms, as the banking giant moves towards better KPIs, having rolled out timesheets for its own in-house lawyers just over a year ago.
Welcome to the latest issue of the Legal IT Insider newsletter – March 2017 – Issue #301. Top stories include… End of an era as Tikit and iManage part ways after 15 years: customers exit stage left to applause from Tikit competitors + In-house Legal: Barclays invests in new tech to rationalise bank’s external legal spend – one law firm has now had its invoice rejected 47 times! + Big Law: Slaughter and May has stake in AI business & Freshfields launch innovation group + Gleneagles Legal Leaders Forum: we have a full report on what corporate clients think about law firms + Mike Lynch on investing in Machine Learning tech companies: the real world is full of “noise” – non-meaningful data
Just published: a new essential guide from Tim Hyman and 2Twenty4 Consulting on all you need to know about GDPR, data privacy, cybersecurity and Cloud service providers. Featured vendors DocsCorp – iBoss – Intapp – Ravn – Mimecast – iManage.
No livers were damaged during the making of this party – and the official Insider staff hats also made their debut!
Addressing a prevalent lack of joined up matter management capability within the corporate counsel sector, Eversheds Sutherland’s consulting arm has today launched a matter lifecycle management solution in Microsoft Office 365 in partnership with Repstor.
AXA Insurance last week announced that it has teamed up with alternative legal services provider rradar to launch an IBM Watson-backed virtual assistant to assist AXA customers with often repeated legal questions on issues such as employment and HR. We also bring news from SaltDNA, Olswang, Incopro, DocSolid, Wolters Kluwer, LawGeex, Autto, RPC, Nikec Solutions, Workshare, Fronteo, Salladore, Financial Software Solutions and Anexsys.
Cybersecurity: Most hackers can access systems and steal valuable data within 24 hours says Nuix Black Report
More than three-quarters (88%) of hackers can break through cybersecurity defences and into the systems they target within 12 hours, while 81% say they can identify and take valuable data within another 12 hours, even though the breach may not be discovered for hundreds of days, according to research by global technology company Nuix. The Nuix Black Report, the results of a confidential survey of 70 professional hackers and penetration testers at DEFCON, the world’s largest hacking and security conference, will overturn many conventional understandings and sacred cows of the cybersecurity industry.
In what could turn out to be one of the most significant events this year for European legal technology vendors attempting to expand their presence within the corporate legal sector, Corporate Legal Operations Consortium – better known to the market as CLOC – will launch in Europe at the end of February, led by VMware’s vice president & deputy general counsel for worldwide legal operations, Áine Lyons.
Top stories include: CLOC to open Euro chapter – big news for inhouse legal teams & their tech vendors + Peppermint has a bout of growing pains + the Insider launches legal tech startup initiative – who’s hot & who’s not?
In a white paper published exclusively by Legal IT Insider, Nick Ayton, a Jay Palter Fintech Influencer and number 21 on the Rise Blockchain News top 100 explores the implications of Blockchain technologies on law firms and the broader legal services market.
Casepoint just announced the launch of CaseAssist, what is claimed to be the first artificial intelligence ediscovery case evaluation system available for all clients on all matters hosted in Casepoint, at no additional cost.
Ediscovery trends in 2017: everything from artificial intelligence to mobile data centres say Kroll Ontrack
Kroll Ontrack predicts a year of change in 2017 as organisations prepare for the new General Data Protection Regulation (GDPR) and the accelerated adoption of artificial intelligence. The ediscovery industry will continue reshaping itself to meet these requirements in 2017, building on the huge international consolidation seen in the previous two years.