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#GlenLegal19: Why legaltech makes sense for private equity

A sense of community, the opportunity to drive productivity and a huge new wave of tech solutions, make legaltech an exciting space for private equity investors, Hector Guinness of HgCapital, which has investments in Mitratech and German legaltech company STP, told a packed room of CIOs at the Legal Leaders IT Forum, in his after dinner speech.

Added by Caroline Hill on the 5th Mar 2019 No comments

Iridium Technology purchases Decision Pace

We can reveal that Iridium Technology has completed the purchase of the legal industry division of Decision Pace Inc.

Added by Caroline Hill on the 4th Mar 2019 No comments

LOD selects Eigen Technologies

In a highly significant win for Eigen Technologies, LOD (Lawyers On Demand) is to deploy the London-founded company’s natural language processing (NLP) technology to automate the analysis of its clients’ legal documents as part of a new LOD client offering called Designed Solutions.

Added by Caroline Hill on the 4th Mar 2019 No comments

Tessian raises $42m led by Sequoia

Unusually described by one UK top 50 CIO we chatted with recently as a “dream product”, Tessian has raised $42m in a Series B funding round led by Sequoia – famously one of the first investors in Apple – to accelerate its expansion in the US and other global markets.

Added by Caroline Hill on the 1st Mar 2019 No comments

HealthTrust Europe to create first-time ALSP panel

In what should serve as another enormous wake up call to traditional UK law firms, central purchasing body HealthTrust Europe is to put together a first-time panel of tech-led alternative legal service providers (ALSPs) from which the University Hospitals of Coventry and Warwickshire NHS Trust will be able to source legal services ranging from high volume, process orientated work to deep specialists. The value of the legal work that the Trust puts out to tender has been previously quoted as anything from £30m to £90m.

Added by Tate Chennis Colbran on the 28th Feb 2019 No comments

“What differentiates this programme is the level of involvement of our clients:” Slaughter and May launches legal tech programme Collaborate

Slaughter and May has launched a new legal tech programme, Slaughter and May Collaborate, bringing legal tech start-ups together with the firm’s inhouse legal team clients, to help shape the future of legal technology.

Added by Tate Chennis Colbran on the 27th Feb 2019 No comments

The February Legal IT Insider Newsletter – issue #320 – is out now – 30 glorious pages

The latest issue of the Orange Rag is out now – issues #320 for February – 30 pages of essential reading for anyone seriously interested in legal technology and ediscovery news, comment and opinion.

Added by Charles Christian on the 27th Feb 2019 No comments

Well hello, Project X!

“Game-changing” is an overused term wheeled out by copy writers when they run out of different ways to say “new”, but in the case of Thomson Reuters’ legal workflow solution “Project X” – which today (27 February) finally sees the light of day after three years in development and is on the front page of the Orange Rag – that term is justified. ‘Panoramic’, as we now know the worst kept secret under the sun is called, has been designed to meet law firms’ complex needs on pricing; cost and process; project management; and knowledge and data. We have all the details.

Added by Caroline Hill on the 27th Feb 2019 2 comments

A&O injects further sum into Nivaura as part of $20m seed funding round

Allen & Overy has made a further investment in Nivaura as part of a strategic seed funding round in which the fintech startup has raised $20m from investors including The London Stock Exchange.

Added by Caroline Hill on the 27th Feb 2019 No comments

Orion Law Management to launch Orion 5 at ABA TECHSHOW in Chicago

In keeping with the recent rash of practice management announcements, veteran PMS provider Orion Law Management Systems will officially launch Orion 5 at the ABA TECHSHOW in Chicago tomorrow (27 February, booth#731).  Orion 5 is said to mark a significant leap forward for Orion’s technology, including hundreds of new features and improvements to both Orion desktop and iOrion mobile platforms.

Added by Tate Chennis Colbran on the 26th Feb 2019 No comments

Legal tech win: Bech-Bruun selects DocsCorp contentCrawler to strengthen GDPR compliance strategy

Bech-Bruun, one of Denmark’s “Big Four” firms, has made DocsCorp contentCrawler, an OCR processing solution, a key component of its GDPR compliance strategy.

Added by Caroline Hill on the 26th Feb 2019 No comments

Trending – Business Drivers for Document Management: The Information Governance Mandate

To comply with the data side of outside counsel guidelines, firms must have a clear information governance strategy, for which the firm’s document management system is the foundational system. It’s time to prioritise adoption, starting with removing the blinders, says Prosperoware’s founder and CEO Keith Lipman.

Added by Caroline Hill on the 26th Feb 2019 1 comment

Global Legal Hackathon 2019: Freshfields team wins London leg with T&Cs app

Congratulations to Clausana, which yesterday (Sunday 24 February) won the London leg of the Global Legal Hackathon 2019 and will be entered into the virtual semi-finals in March. The Freshfields Bruckhaus Deringer team, which was one of eight to compete in the intense two-day challenge, created a terms and conditions app that enables consumers to identify where the T&Cs deviate from their expectations and build a profile of the digital services they consume.

Added by Caroline Hill on the 25th Feb 2019 No comments

The News of LIBOR’s Demise is Highly Under-Exaggerated

When traveling abroad, we rely on currency exchange rates to serve as an agreed upon medium on the value of goods and services. Banks too need to agree upon rates for doing business. But what happens when those rates cease to exist? And what does that mean for businesses that rely on them? 

Added by Tate Chennis Colbran on the 22nd Feb 2019 No comments

Funding the Future of Legal Innovation

It’s no secret that the legal sector is currently experiencing unprecedented technological shift. The drive for innovation is coming not only from the customer but from the government and the sector’s professional bodies. Indeed, the Law Society has partnered with Barclays Eagle Lab, to support hubs for LawTech businesses, in an effort to drive and support innovation in this dynamic field.

Added by Tate Chennis Colbran on the 22nd Feb 2019 No comments