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Inhouse Legal: Spend management a priority but not spend management tech – No change there then!

“A very interesting finding was that although reducing legal spend is the second priority of those surveyed, and that most law firm service issues are billing related, less than half of legal departments are using spend management software.”

Added by Charles Christian on the 8th Mar 2019 at 10:38 am No comments

Bakers to roll out ServiceNow as part of three-year business services transformation plan

Baker McKenzie is rolling out ServiceNow as part of a three-year global professional business services (PBS) transformation plan that will see 315 services requested and run through the enterprise cloud service management platform. As we celebrate International Women’s Day, we spoke to global director of operations, Kate Stonestreet, about the strategy behind PBS21, the roll out of ServiceNow, and how on earth you rewrite the processes globally at a firm of circa 13,000 employees.

Added by Caroline Hill on the 8th Mar 2019 at 8:25 am No comments

“Own the eDiscovery process”: Microsoft unveils compliance center

Microsoft Office 365 has been moving ever closer to helping corporates own the eDiscovery process but what the debut at Legaltech19 of the new Microsoft 365 compliance center showed us, is that the software giant is now a serious threat to external early case assessment providers.

Added by Tate Chennis Colbran on the 7th Mar 2019 at 9:50 am 1 comment

It’s official: 40% of AI startups don’t use AI

As CIOs from the world’s biggest law firms heatedly debated the legitimacy of artificial intelligence for delivering legal solutions at the 2019 #GlenLegal19 Legal Leaders IT Forum this week, a new report confirmed that four […]

Added by Caroline Hill on the 6th Mar 2019 at 1:31 pm No comments

Wilson Allen and Aurora North Launch Professional Services Partner Alliance (PSPA)

Wilson Allen and Aurora North Software have launched the Professional Services Partner Alliance (PSPA), which aims to connect law firms, accounting firms, and capital markets firms with the best technology consultants and subject-matter experts for Intapp-related project work, we can reveal. Note the name change – Wilson Solutions has changed its name to Wilson Allen following its merger with Stanton Allen last year.

Added by Tate Chennis Colbran on the 5th Mar 2019 at 4:00 pm No comments

#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 at 10:12 am 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 at 4:39 pm 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 at 8:00 am 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 at 6:22 am 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 at 9:12 am 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 at 4:35 pm 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 at 10:15 am 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 at 8:00 am 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 at 7:59 am 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 at 6:08 pm No comments