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Law Firms

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 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 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 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 No comments

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 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 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 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 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 No comments

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 No comments

Ashurst Advance teams up with LSO Cognia Law to scale offering

Ashurst’s Glasgow-based legal services centre Ashurst Advance has teamed up with legal service outsourcing provider Cognia Law to bolster its capability and enable it to scale its offering.

Added by Caroline Hill on the 7th Jun 2019 No comments

Updated: PwC unveils first cohort of scale ups in LawTech programme

Big Four giant PwC has unveiled the eight scale up companies that will take part in its inaugural Scale LawTech programme, with a heavy emphasis – you may not be surprised to hear – on AI-backed compliance and contract review and management solutions. 

Added by Caroline Hill on the 7th Jun 2019 No comments

AI or Excel on steroids? The ethics of AI as a tool, and its future regulation

From a technological perspective, AI is simply a series of computing techniques that are designed to mimic human behaviour. In that sense, AI has been around since the 1950s, Bristows IT partner Chris Holder told delegates at the 2019 Legal Leaders #GlenLegal IT Forum. “I would question whether what many CIOs are currently purchasing is true AI, or whether it is actually just excel on steroids,” he said, in a wide ranging and thoughtful talk on how AI is currently being used, how that will change, and what that means in terms of meaningful regulation and ethics.

Added by Caroline Hill on the 7th Jun 2019 No comments

Massive US expansion for LEAP as it offers “migration pathway” for 15,000 Lexis PCLaw and Time Matters law firm customers

In a major expansion into the United States for cloud case management provider LEAP Legal Software, the Sydney-headquartered company has entered a joint venture with LexisNexis to offer a migration pathway to the 15,000 law firm customers of PCLaw and Time Matters in the United States, Canada and Australasia. But what does the JV mean in practice?

Added by Caroline Hill on the 6th Jun 2019 No comments

LWOW director Erika Concetta Pagano joins Wavelength as head of legal innovation and design

In a big international hire for Wavelength, Erika Concetta Pagano has left her role as both lecturer in law at the University of Miami School and Law and director of LawWithoutWalls to take on the new role of head of legal innovation and design at the UK-headquartered legal engineering firm. Pagano will lead “the development, growth and management of the legal design and innovation aspects” of Wavelength’s business.

Added by Caroline Hill on the 6th Jun 2019 1 comment