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LexisNexis selects first Silicon Valley accelerator startups

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LexisNexis has selected the first five participants in its new Silicon Valley legal tech accelerator program, which was created to give startups a leg up in the rapidly expanding legal tech industry. 

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Added by Caroline Hill on the 31st Mar 2017 at 5:41 am No comments

Freshfields launches Global Associate Innovation Group

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Freshfields Bruckhaus Deringer has created a 14-strong Global Associate Innovation Group (AIG) to help generate, champion and test new technology, working with the Legal Services Innovation team led by director Isabel Parker.

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Added by Caroline Hill on the 30th Mar 2017 at 2:46 pm No comments

InfoTrack client completes first electronic contract pack

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InfoTrack has facilitated the completion of what it says is the first-ever entirely electronic conveyancing contract pack (eCOS) in the UK for London based law firm, The Partnership.

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Added by Caroline Hill on the 30th Mar 2017 at 1:01 pm No comments

Slaughter and May: 5% stake in Luminance

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Slaughter and May has a 5% equity stake in machine learning-backed due diligence tool Luminance, Legal IT Insider has learned, after an early stage collaboration that saw the magic circle firm invest its lawyers’ time in helping to develop and shape the product.
The stake emerged after a rival vendor privately complained to Legal IT Insider that Luminance Technologies, which is backed by Mike Lynch’s investment vehicle Invoke Capital, is not being sufficiently transparent about Slaughter and May’s monetary interest.

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Added by Caroline Hill on the 30th Mar 2017 at 7:00 am No comments

The March 2017 issue of the Legal IT Insider is out now

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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

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Added by Charles Christian on the 29th Mar 2017 at 12:14 pm No comments

Barclays rolls out workflow and collaboration tool ClauseMatch

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Smart document workflow and collaboration platform ClauseMatch is being rolled out at Barclays after taking part in the banks startup accelerator programme, as the London-based startup today (29 March) announces the launch and global availability of its online editor.

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Added by Caroline Hill on the 29th Mar 2017 at 12:00 pm No comments

DocsCorp continues US expansion drive with double director hire

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DocsCorp continues its North American expansion drive with the appointment of former Ricoh eDiscovery consultant Mark Neace as director of sales for North Central US and former Chrome River Technologies director Bob Kessing as director of sales, Midwest US.

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Added by Caroline Hill on the 29th Mar 2017 at 7:22 am No comments

Comment: Peter Campbell of Australian law firm Hall & Wilcox on six key questions to understanding legal tech developments

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There is massive hype and conjecture about where technology is taking legal services but I think we need to remind ourselves that technology alone isn’t going to make the difference. Technology has the capacity to be an enabler of change, but the technology itself is not a differentiator, nor does it create a strategic advantage by itself.

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Added by Charles Christian on the 28th Mar 2017 at 2:36 pm No comments

“Developments in tech are transforming our industry”: A&O launches Fuse

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As legal technology vendors and law firms alike work out ways to position themselves at the heart of emerging technology, Allen & Overy (A&O) has today (28 March) announced the opening of Fuse, a new tech innovation space where tech companies, A&O lawyers, technologists and their clients will collaborate to explore, develop and test legal, regulatory and deal-related solutions.

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Added by Caroline Hill on the 28th Mar 2017 at 10:03 am No comments

In brief: GlobalX partners with Worldox

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Australian legal workflow and online information provider GlobalX has entered into partnership with leading US document management system Worldox.

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Added by Caroline Hill on the 28th Mar 2017 at 9:08 am No comments

In brief: Hotdocs partners with Nikec Solutions

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HotDocs has today (27 March) announced a new partnership with Nikec, which will now offer its clients and prospects the document automation software as an end-to-end document generation tool, or as part of a wider business process, such as document management.

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Added by Caroline Hill on the 27th Mar 2017 at 11:46 am No comments

Startup Corner: Encompass Corporation in Focus

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As part of a two-month startup initiative here is another of our more grown up startups. Encompass Corporation was founded in 2012 (2015 in the UK) and automates know your customer policies to ensure regulatory compliance.

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Added by Caroline Hill on the 27th Mar 2017 at 7:27 am No comments

BA-HR signs up to Luminance

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Machine learning-backed due diligence tool Luminance has secured another continental European client, as leading Norwegian firm BA-HR deploys its software to speed up the corporate review process, including tagging clauses in Norwegian.

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Added by Caroline Hill on the 24th Mar 2017 at 9:54 am No comments

In brief: Linklaters wins legal technology team of the year award

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Linklaters has won Legal Technology Team of the Year at the Legal Business Awards 2017.

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Added by Caroline Hill on the 24th Mar 2017 at 9:27 am No comments

Guest post: The GDPR and business mobility

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Steve Whiter, director of mobile security specialists Appurity, gives his tips on how law firm IT teams should be rising to the challenge of GDPR when much of a lawyer’s work is now conducted on the move.

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Added by Caroline Hill on the 24th Mar 2017 at 9:12 am No comments
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