Law Department Technology

LexisNexis UK has released a new report that looks at why almost half of all external legal spend is now taking place through alternative fee arrangements such as flat or …
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UK-headquartered legal spend analytics and matter tracking software vendor Apperio announced today (10 January) that it has raised a $7 million growth round of venture capital funding. The company will …
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David Eldridge, Apperio’s non-executive chairman, said the company “will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market.”
Continue Reading UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion

The London-based company Apperio, which provides legal spend analytics and matter tracking software, said today it has raised a $7 million growth round of venture capital funding. It will use the funding to further develop its product for corporate counsel, meet growing demand from law firms for new functionality, and accelerate its expansion to the U.S. market.
The announcement
Continue Reading Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round

Wolters Kluwer acquires Della; Insight Legal restructures its senior management; Ince shares are suspended pending auditor’s report; and online marketplace Lawclerk unveils hourly associate option.     The period between Christmas …
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Karen Moor, former director of ELM sales at SimpleLegal and new VP of sales at Streamline AI, believes pressure will be on sales departments to build strong relationships with customers in an economic downturn and “become their consultant and their partner.”
Continue Reading New Streamline AI VP: Economic Downturn Will Make Customers Pickier, Focused on ROI

Sophie Ross, global chief executive officer of FTI Technology, said “many chief legal officers are experiencing the most turbulent period of their entire careers,” pointing to increases in the types of matters that now fall on legal departments, coupled with tighter budgets.
Continue Reading Legal Departments Struggling With Increased Tech Risk and Responsibility, FTI/Relativity Survey Shows

Not surprisingly given the economy, a survey of inhouse legal professionals finds that companies are slowing down or freezing hiring, reducing outside counsel spending, and conducting layoffs.
To help counter these cuts and reduce their workloads, legal departments are increasingly bullish on leveraging legal technology, the survey finds.
The survey by contract management company Lexion polled 450 inhouse legal professionals
Continue Reading As Companies Rein In Legal Spend, They Are Bullish on Leveraging Legal Tech, Survey Says