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And it’s another “oh shit” moment as PwC teams up with Fragomen

There are only so many times you can say this is an “oh shit” moment before the novelty starts to wear off, and when it comes to The Big Four, I suspect there will be many more of those moments to come. Yesterday (24 September) PwC announced that it has agreed an alliance with US immigration specialist Fragomen, in what Legal Week’s deputy editor Ben Wheway rightly referred to as “one of the most significant examples to date of the Big Four joining forces with a law firm.”

Added by Caroline Hill on the 25th Sep 2018 at 9:41 am No comments

Obelisk: the only legal business to make the cut in the inaugural FT 100

The FT has published a first-time list of fastest growing UK companies that are also making an impact on their industry or wider society, with flexible resource provider Obelisk Legal Support Solutions the only legal business to make the cut, thanks to its impact on diversity.

Added by Caroline Hill on the 24th Sep 2018 at 7:18 pm No comments

Labour Party piles further pressure on the Big Four with break up plan

We don’t normally stray too far into the world of politics but every UK lawyer, legal techy and their dog will be interested to note that The Big Four accounting firms are facing further break up threats as part of plans by the UK’s Labour party to overhaul the auditing industry, which shadow chancellor John McDonnell described as a ‘cartel’.

Added by Caroline Hill on the 24th Sep 2018 at 8:57 am No comments

Herbert Smith Freehills launches litigation analytics pilot with Solomonic

Oooh we have an exciting announcement in the Orange Rag out next week (26 September) about litigation analytics and we are just going to press but here is some interesting news just in from Hebert Smith Freehills about work it’s doing with Solomonic:

Added by Caroline Hill on the 21st Sep 2018 at 12:48 pm No comments

TRENDING Exclusive: Lights-On, Hyperscale and Kingsmead team up to launch the Intuity Alliance

Three leading legal technology consultancies led by industry veterans Peter Owen, Derek Southall and Chris Bull have teamed up to launch an advisory support and consulting service to meet clients’ increasing needs for holistic advice on integrated technology, operations and innovation.

Added by Caroline Hill on the 21st Sep 2018 at 11:04 am 2 comments

Legal tech mover and shaker: X1 Appoints former Fronteo head Craig Carpenter as CEO

In a big hire for new eDiscovery player on the block X1, former Fronteo CEO Craig Carpenter has joined as its new CEO, taking over from interim head Tom McGovern.

Added by Caroline Hill on the 20th Sep 2018 at 11:47 pm 1 comment

“One of the few remaining verticals early in the penetration curve of technology”: CVC takes a majority stake in UnitedLex

CVC Capital Partners is to take a majority stake in UnitedLex in a sum that while undisclosed, we can safely trust is indeed “one of the largest transactions to date with any legal services provider.” It comes hot on the heels of UnitedLex closing deals worth $1.5 billion in total contract value over the last 18 months.

Added by Caroline Hill on the 20th Sep 2018 at 5:40 pm No comments

Introducing legal research assistant Vincent from vLex

Well finally we have an AI-backed legal research assistant with a boy’s name, as global legal publisher vLex announces the launch of Vincent, which analyses legal documents in Spanish and English and is trained in the law of no less than nine countries including Spain, the US, Canada, Mexico, Chile and Colombia. It will compete with Casetext’s CARA and ROSS Intelligence’s EVA.

Added by Caroline Hill on the 20th Sep 2018 at 11:33 am No comments

MDR LAB: What is it really good for?

At the risk of going legal tech lab mad, here is an article from the July/August Orange Rag, where we looked at Mishcon de Reya’s MDR LAB and asked – aside from the headlines it generates – how does it benefit the firm?

Added by Caroline Hill on the 20th Sep 2018 at 7:18 am No comments

Context is king: Why the legal sector can’t afford to have blockchain tunnel vision

Blockchain is a technology that could shake up the way legal services are delivered, managed and paid for. It’s an avenue being considered by law firms and legal departments looking to use technology more effectively to streamline operations and innovate. But to fully understand its usefulness, it has to be viewed and regulated as part of the existing industry, not in isolation, says Block.one’s general counsel Lee Schneider.

Added by Caroline Hill on the 19th Sep 2018 at 7:07 am No comments

Chris White takes the IT reins at HFW

A month after leaving Clyde & Co, former global CIO Chris White has resurfaced at HFW in the role of interim CIO, where he tells us his remit is “to put in place fit for purpose IT across the firm’s 20 global offices and also to create and drive an innovation initiative.”

Added by Caroline Hill on the 18th Sep 2018 at 1:22 pm No comments

The consumerisation of smart contracts: LegalZoom partners with Clause

Ten days ago RocketLawyer caused excitement (admittedly mostly among the blockchain community) by announcing that it will open up self-executing smart legal contracts to its consumer base, and today (17 September) rival LegalZoom announces a not dissimilar highly significant initiative, which sees it partner with Clause to provide self executing contracts to consumers and small businesses.

Added by Caroline Hill on the 17th Sep 2018 at 6:30 pm No comments

Herbies develops in-house data breach software

Will Herbert Smith Freehills be the next firm to launch its own digital services business? The UK top 10 law firm has developed software to help clients respond to data leaks quickly and reduce the financial impact of a cyber-attack, led by Andrew Moir, head of Herbert Smith Freehills’ global cybersecurity practice, who was a software engineer before becoming a solicitor.

Added by Caroline Hill on the 17th Sep 2018 at 2:00 pm No comments

Deadline Alert! The deadline for the September issue of the Insider is this Friday – 21 September

The deadline for you to get all wins, deals, and people moves to us in the next (September) issue of the Legal IT Insider newsletter is THIS Friday – 21 September – 12 noon UK time. Please email news@legaltechnology.com. Please flag all exclusives so we can give them the appropriate priority treatment.

Added by Caroline Hill on the 17th Sep 2018 at 7:02 am No comments

Trending: Barclays Eagle Lab launches with not a CIO in sight

The excitable corner of the legal tech universe that is the startup sector yesterday gathered to hear the first cohort of Barclays Eagle Lab in London pitch their wares, followed by Caribbean music, Pina Coladas and even the odd person dancing, but law firm CIOs and mainstream tech heads were notable in their absence.

Added by Caroline Hill on the 14th Sep 2018 at 12:20 pm 2 comments