The matter management company may be the latest in a crowd of legal tech vendors integrating generative AI into their tools, but they hope to set themselves apart by focusing on metadata retrieval.
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LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022
Today LexisNexis® CounselLink released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.
The average partner rate increased by 4.5% (compared to 3.4% in 2021 and 3.5% in
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LexisNexis Announces Preview Launch Of Lexis Connect, AI-Powered Matter Management Within Microsoft Teams
The product is being developed in partnership with Microsoft, and Microsoft’s Corporate, External and Legal Affairs (CELA) department has signed on as the first preview customer to test and help further develop the product.
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LexisNexis and Microsoft Announce Lexis Connect, an AI-Powered Matter Intake Application
Lexis Connect is built specifically for corporate legal teams, and built on Microsoft Teams. It includes two generative AI powered chatbots: Ask Legal, and a legal research assistant chatbot tied directly to Lexis Connect.
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Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams
LexisNexis today announced the preview launch of Lexis Connect, a legal intake and matter management product that works within Microsoft Teams and uses conversational AI assistants to help deliver answers more quickly.
The product is being developed in partnership with Microsoft, and Microsoft’s Corporate, External and Legal Affairs (CELA) department has signed on as the first preview customer to test
Continue Reading Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams
Tonkean Says Its New LegalWorks ‘Safely’ Brings Generative AI and No-Code Automation to Inhouse Matter Management
Tonkean, a Palo Alto-based company that describes itself as the first-of-its-kind process experience platform, has launched a matter lifecycle management product for corporate legal teams, LegalWorks, that it says enables them to harness the potential of AI-powered process automation technology safely — in a way that will not only increase process adoption, improve performance, and create business value,
Continue Reading Tonkean Says Its New LegalWorks ‘Safely’ Brings Generative AI and No-Code Automation to Inhouse Matter Management
Luminance Rolls Out Generative AI-Powered Chatbot 'Ask Lumi' for Corporate Customers
The AI-powered chatbot is trained on a limited set of data that Luminance has collected over its years of drafting contracts.
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Xakia launches legal matter management solution for small in-house legal teams
Australian-headquartered legal matter management vendor Xakia today (9 May) officially launches a new ‘out-of-the-box’ solution to meet the needs of smaller in-house teams, which has received positive customer testimonial (see …
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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG
It is a day of major legal tech deals. Following news earlier today of the merger of Fastcase and vLex, now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a
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Thomson Reuters Sells Majority Stake in Elite Product Business to TPG
As part of the sale, Thomson Reuters will maintain a minority stake in Elite , which includes 3E, ProLaw, eBillingHib and Mattersphere, and actively support its ongoing development.
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Breaking news: TPG to acquire majority stake in Thomson Reuters Elite
European late stage private equity firm TPG has agreed to buy a majority stake in Thomson Reuters Elite at a valuation of $500 million. The announcement was made internally at …
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Wolters Kluwer Enhances AI Enabled Workflows in Legisway for In-House Counsel
Wolters Kluwer Legal & Regulatory, U.S. has announced a suite of new and enhanced features in Legisway. their legal management software for in-house counsel . Legisway is an AI enabled SaaS solution which offers to steamline corporate workflows.
Legisway offers AI-powered contract lifecycle management (CLM) that enables document creation, editing and version control, as well as self-service templates
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Five Fast Facts – Xakia founder Jodie Baker talks jigsaw puzzles
In our first Five Fast Facts recorded demo, we hear from Jodie Baker, the CEO and founder of legal matter management software provider Xakia Technologies, who was kind enough to …
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Litify Sells Majority Stake in Practice Management Platform to VC Firm Bessemer
As part of the acquisition, Bessemer partner Brian Feinstein becomes the Chairman of Litify’s Board of Directors and is tasked with guiding the company through continued growth and product development.
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Bessemer Venture Partners acquires majority stake in Litify
Bessemer Venture Partners has acquired a majority stake in 2016-founded, Salesforce-based practice, case and legal business operations management platform Litify, which we’re told has now achieved profitability. Bessemer’s previous legal technology investments …
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