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RegTech Comment: Do compliance managers need AI help bearing the AML burden?

All over the world, anti-money laundering (AML) regulations are becoming ever more stringent and complex. In this climate, compliance managers need to have support with the heavy lifting relating to AML legislation, which is where innovative regulatory technology (RegTech) comes in. Artificial intelligence RegTech in particular is beginning to play a key role in assisting compliance teams in meeting regulatory requirements.

Added by Charles Christian on the 5th Dec 2017 No comments

iManage wins Supplier of the Year at British Legal Awards

iManage has won the technology Supplier of the Year at the 2017 British Legal Awards, in a packed ceremony hosted by British actress Sally Phillips in Finsbury Square, London.

Added by Caroline Hill on the 1st Dec 2017 2 comments

New industry ‘how-to’ paper gives step-by-step guide to modernising your legal support function

BigHand has tapped into the need in the legal sector for more authentic ‘how-to’ guides with a non-self-promotional paper on how to organise and modernise your legal support services. Read it here.

Added by Caroline Hill on the 30th Nov 2017 No comments

NetDocuments buys enterprise chat site ThreadKM

Heads up, NetDocuments has acquired team chat and collaboration platform ThreadKM as the battle to elevate the document management system from ‘dumb plumbing’ gains pace fuelled by iManage’s acquisition of RAVN Systems.

Added by Caroline Hill on the 29th Nov 2017 No comments

“A single collaborative litigation and discovery platform”: Integreon acquires Allegory

There’s been further integration this week for global alternative legal services provider Integreon, which has broadened out its discovery offering with the acquisition of Allegory, the litigation management software business founded by legal tech pioneer Alma Asay.

Added by Caroline Hill on the 29th Nov 2017 No comments

Luminance closes $10m Series A funding valuing the company at $50m

Luminance has closed a $10m Series A funding round that values the company at $50 million. The investment was led by Talis Capital, and also included Invoke Capital and Slaughter and May, which as we revealed in March, already has a 5% stake in the AI-backed due diligence tool.

Added by Caroline Hill on the 29th Nov 2017 No comments

Startup Corner: LexStep in focus helps BigLaw lawyers explore new career opportunities and connect with the world’s leading legal employers through its online platform. Here’s what you need to know.

Added by Caroline Hill on the 28th Nov 2017 No comments

NextUp is here! With live feed and photos

It’s the second annual NextUp conference today (27 November) and we’re expecting a full house for a mix of presentations from senior figures in the industry to multiple practical workshops on areas such as how to engage and build relationships with the business to achieving operational excellence and overcoming challenges in providing support and maintenance. I’ll be updating this article throughout the day with a live feed and photos of the event.

Added by Caroline Hill on the 27th Nov 2017 No comments

Big wins for Capensys as UK sees “uptick of interest” in LTC4 training

With more pressure on the industry than ever to understand and use technology efficiently there have been some big wins for Capensys in the last six weeks, with Bird & Bird, Arthur Cox, Penningtons Manches, Seddons, Withers and NetApp among the firms that have signed up for training tools ranging from Elite 3E, Windows 10, Office 2016, iManage, LTC4 certification and security awareness.

Added by Caroline Hill on the 24th Nov 2017 No comments

Comment: Four ways texting can make life easier for lawyers

Attorneys and businesses in the legal field are always on the lookout for the most effective form of communication for both potential and existing clients. Currently, many if not most law firms are using live chat to communicate with their clients. While online chat does provide a fast and easy communication method for lawyers to connect quickly and proactively, most chat platforms time out after only a few minutes of activity and records of the conversation aren’t kept in one thread once they time out.

Added by Charles Christian on the 21st Nov 2017 3 comments

Legal IT news roundup: All the latest wins, deals and people moves

It’s been another busy news week and here’s our digest of all the latest legal tech wins, deals, partnerships, hires, tech consultancies you need to know about to stay ahead.

Added by Caroline Hill on the 20th Nov 2017 No comments

Updated: Linklaters Australian ally Allens to swap out eDOCS for iManage

Linklaters’ Australian ally Allens is to swap out OpenText eDOCS for iManage Work Product Management after a competitive pitch involving both NetDocuments and iManage. 

Added by Caroline Hill on the 17th Nov 2017 No comments

Cybersecurity Comment: It’s not been a good morning but Microsoft may have the answer

It’s not been a good morning. You see your firm’s name on the ticker tape on Sky News. Then you see some 100,000 confidential client documents are in the public domain. Some of your largest revenue clients are also named. The documents were hacked how long ago? – 6 months – how is that possible? Thank goodness, we are insured. Yes, insurance may cover your immediate problem – but your reputation for discretion and client confidentiality is shattered.

Added by Charles Christian on the 16th Nov 2017 1 comment

“A market ripe for disruption”: Keystone Law to float on AIM

Keystone Law Group has raised £15m to float on the AIM London Stock Exchange, with a key factor in its oversubscribed listing said to be that it operates in “a significant addressable market, ripe for disruption” and that it already has the necessary infrastructure, including IT.

Added by Caroline Hill on the 16th Nov 2017 No comments

Exigent appoints Wayne Ramsay as CSO and announces strategic expansion

Exigent has appointed its COO Wayne Ramsay to chief strategy officer as it says it plans to broaden out its pure play legal process outsourcing and contract management and automation offering to include working with the C-suite on more bespoke technology solutions including AI and blockchain.

Added by Caroline Hill on the 15th Nov 2017 No comments
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