Bob Ambrogi

[Note: This is the second of an exclusive two-part series on lawyer marketplace UpCounsel, which – 16 months after new owners rescued it from shutting down – is now launching a crowdfunding campaign. In part one, I wrote about UpCounsel came back from the brink of closing down and rebuilt its business.]  Sixteen months after UpCounsel announced it would shut down, it is not only alive and well, but showing double-digit revenue growth, consistent profitability, and accelerating demand for legal services through its lawyer marketplace. Now it is launching a crowdfunding campaign with the mission of bringing legal to…
[Note: This is the first of an exclusive two-part series on lawyer marketplace UpCounsel, which – 16 months after new owners rescued it from shutting down – is now launching a crowdfunding campaign. The campaign opens to the public July 28, but readers of this blog can access the private friends and family campaign, with early investor benefits including a lower valuation cap. Part two of this series, coming Monday, is an exclusive LawNext interview with UpCounsel’s CEO KJ Erickson and Chief Revenue Officer Paul Drobot.] On Feb. 3, 2020, the death knell sounded for lawyer marketplace UpCounsel.…
Lou Andreozzi, the former chairman of Bloomberg Law and CEO of LexisNexis North American Legal Markets, has been appointed to the board of directors of global managed services provider Integreon, the company said today. The news comes a month after Integreon was acquired by the private equity firm EagleTree Capital. Integreon said that Andreozzi will serve on the board in a non-executive capacity, consulting with Integreon CEO Bob Rowe and other senior Integreon managers, as well as with the EagleTree Capital investment team, on strategic initiatives including potential acquisitions and partnerships. “We are thrilled to welcome Lou to…
The practice management platforms Tabs3 and CosmoLex, both of which share a common owner, have each launched their own payment processing services to allow their customers to accept credit card and electronic check payments, Tabs3Pay and CosmoLexPay. Both companies already offered credit-card processing through third-party providers — Tabs3 through LawPay and ProPay and CosmoLex through LawPay — but these new services support electronic payments natively within each platform. Customers of either platform pay no additional subscription or licensing cost for the new services, but they do pay credit card processing fees, as they would with any such service. Tabs3…
With his contract-management company having just raised $40 million in Series B funding, Linksquares cofounder and CEO Vishal Sunak is aiming for some big goals, including “to build legal tech solutions that simply weren’t possible before.” In announcing the raise, which brings the company’s total funding to $61.4 million, Sunak vowed that the company will develop its AI technology to “offer functionality no one has seen before,” and that it will soon introduce “a first-of-its-kind product that will change the way businesses complete the contracting process.” Sunak returns to LawNext to discuss this latest funding round and his vision for…
On this episode of How It Works: ContractPodAi, the award-winning legal platform designed for in-house legal teams to streamline and simplify all legal processes, from the simplest to the most complex. Already established as a leading product in end-to-end contract lifecycle management, ContractPodAi recently expanded beyond CLM with the launch of ContractPodAi cloud, a no-code platform that allows legal teams to manage any legal scenario, process or document. Joining me to introduce ContractPodAi and demonstrate how it works are Jerry Levine, chief evangelist and general counsel, and Atena Reyhani, vice president of product management. [embedded content] How
The cloud-based practice management platform MerusCase is today launching an integration with CalendarRules to provide rules-based calendaring of court deadlines. “This integration enhances your legal calendaring process and allows your law firm to stay on track using a single source of truth for your deadlines and events based on specific jurisdiction and court-appointed parameters,” MerusCase said in announcing the integration. CalendarRules, founded in 2007 as a spin-off from Open Text, says it has over 1,800 rule sets for federal and state courts throughout the U.S. For MerusCase customers to take advantage of the integration, they must have their own CalendarRules…
How do you choose your best ideas and implement them without putting your firm at risk? One great idea can bring success — but a bad one can sink your firm. In this free e-book, Clio and legal industry expert Mike Whelan Jr. provide a step-by-step guide on how to test your ideas before you invest in them using the Legal Innovation Canvas — to make sure you’ve got a winner. Whether you want to add a new practice area or a new service offering, this e-book has what you need to make the right choice. Read more about…
The AI-driven contract review technology company LawGeex has named legal industry veteran Sameena Kluck to the newly created position of director of brand evangelism. Kluck, who has been with LawGeex since April 2020 as a strategic account executive, said that her new position is her dream job. “What I’ve been put in this position to do is to tell our story externally and internally,” Kluck said. That means not only telling the company’s story, but also highlighting the “visionary” general counsel, legal operations directors, and others who use the LawGeex product. Kluck worked for 16 years at Thomson Reuters, where…
Subscribers to Cheetah for Corporate Counsel, a legal research platform from Wolters Kluwer Legal & Regulatory U.S., now have direct access to Lawgood, a practice tool for drafting contracts and clauses using market standards. Through a partnership between the two companies, access to Lawgood’s functionality is included with a subscription to the Cheetah for Corporate Counsel product. Wolters Kluwer says this provides “another important component to our comprehensive solution as it allows legal departments to create and update their contracts in-house effectively.” Use a slider to adjust the favorability of clause language. (Click image for animation.) Lawgood is…
LinkSquares, a Boston-based, AI-powered contract lifecycle management and analysis company founded in 2015, has raised $40 million in a Series B funding round, bringing its total raise to date to $54.4 million. This latest round was led by existing investor Sorenson Capital and joined by new investors Catalyst Investors, Xerox, Bottomline Technologies, DraftKings’ founders, and several legal and compliance executives. Existing investors Jump Capital, Hyperplane Venture Capital, MassMutual Ventures and First Ascent Ventures also participated in the round. LinkSquares says it has more than 200 customers that include Fitbit, Twilio, TGI Fridays, Wayfair and Cogito. It was named among…
Dan Berlin will remain president and CEO of Tabs3 Software, a position he has held since 1984, following the company’s acquisition by ProfitSolv, a company led by a private equity group. “I’m not going anywhere,” Berlin told me. “I’m very excited about the partnerships and relationships we have with the other companies under the ProfitSolv umbrella.” Dan Berlin As I reported last week, Tabs3 — one of the oldest practice management products in the legal market, having been founded in 1979 — was purchased by ProfitSolv in March in a unannounced “stealth” acquisition from Thompson Street Capital Partners,…
Clio Grow is growing its global market. Legal practice management company Clio last week said that Clio Grow, its client intake and client relationship management product, previously available only to customers in the United States and Canada, is now available in Europe, the Middle East and Africa. “The introduction of Clio Grow to all major markets reaffirms our commitment to ensuring that legal professionals around the world are equipped with the tools they need to be both cloud-based and client-centered,” Colin Bohanna, Clio general manager for the U.K. and Ireland, said in a statement announcing the expansion. Clio…
Mary Shen O’Carroll helped pioneer the field of legal operations during her 13 years as director of operations, technology and strategy at Google. She was also instrumental in forming the influential organization CLOC – the Corporate Legal Operations Consortium – and was elected its president in 2019.  In April, she walked away from both of those roles, leaving Google and stepping down as CLOC president, to join the contract lifecycle management company Ironclad as chief community officer, where she will scale and lead the company’s global community. “In Ironclad, I see the same mix of magic ingredients of community, vision,…
LexFusion, the company that launched last October as a go-to-market collective of legal technology companies, has added legal research company Casetext to the roster of companies it represents. LexFusion is seeking to change the paradigm for how law firms and legal departments purchase technology by serving as the go-to-market representative of companies that it has thoroughly vetted and selected as best-in-breed in each company’s category. It was founded by legal industry veterans Joe Borstein and Paul Stroka, and recently added as a third cofounder D. Casey Flaherty, another industry veteran who was most recently director of legal…
If you are wondering where the innovators are in law, look no farther than the Fastcase 50, the annual award doled out by the legal intelligence company Fastcase that honors 50 of the law’s “smartest, most courageous, innovators, techies, visionaries, and leaders.” Fastcase today announced its 11th annual Fastcase 50 honorees, which adds up to 550 innovative leaders in law over the lifetime of the awards. “Each year since the inaugural awards in 2011, the Fastcase 50 award has spotlighted the often under-recognized efforts of pioneers and architects of the future of law and legal technology,” Fastcase said in announcing…