LawSites

A blog covering legal technology, legal ethics and innovation in law.

The past year has forever shifted how attorneys and firms work. But with unprecedented challenges came new lessons and opportunities. Featured this week in the LawSites Resource Center is a whitepaper by NetDocuments that addresses the unique challenges that now face the legal industry and how professionals can meet them. Topics addressed in the whitepaper include: Four major themes revealed during 2020. Top challenges small to medium sized law firms face in a post-2020 workplace. Five strategies to thrive in 2021 and beyond. Download the report for free. Be sure to check out the full array of free materials…
Atlanta-based Aderant, a global provider of business management software for law firms, has named Jairam Padmanabhan to the newly created position of chief product officer. In this new role, Padmanabhan’s primary objective will be to accelerate the company’s worldwide innovation across its entire product suite. Padmanabhan is a veteran product management leader with more than 30 years experience in software strategy, marketing, and development, with a particular focus on the professional services market. He has substantial knowledge of cloud-based machine learning and artificial intelligence technology, Aderant said. Before joining Aderant, Padmanabhan was chief product officer at XCM Solutions, a…
There has been much speculation within the legal industry about when live conferences will return. Now we know. The International Legal Technology Association said today its annual ILTACON conference in August will be a hybrid event, with both in-person programming and live-streamed educational content and sessions. The in-person conference will take place in Las Vegas Aug. 22-26, 2021, and will include an in-person exhibit hall. In a press release this morning, ILTA said it is committed to making ILTACON a safe event and will follow local, regional and state laws “to ensure a productive and successful meeting.” “ILTA looks forward…
Evisort, an AI-powered contract management platform, today announced a Series B funding round of $35 million, bringing its total funding to $55 million. The funding round follows a year of four-times revenue growth, the company says. The round was led by global growth equity investor General Atlantic, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures. Evisort was founded in 2016 by two Harvard Law School students, Jerry Ting and Jake Sussman (who both graduated last year), and MIT student Amine Anoun. Their vision was to build a platform that used AI to…
Solos struggled more significantly than larger law firms in adapting to remote work throughout the pandemic, suffering greater shortfalls in new cases and firm revenue. But solos who harnessed modern legal technologies fared significantly better during 2020 than those who did not — bringing in $50,000 more in revenue on average — and solos who continue to adapt and innovate are most likely to do well both in the immediate future and in years to come. These are among the findings and conclusions of a report issued today, Legal Trends for Solo Law Firms, published by the practice management company…
In January 2020, Axiom Managed Services, one of two companies spun off in 2019 from alternative legal services provider Axiom, rebranded as Factor, a move the company characterized as a relaunch, and named a new CEO, Varun Mehta, a veteran of the legal tech industry who had previously helped found the e-discovery managed services firm The Clutch Group. It has been a year of challenges and opportunities for Factor, an ALSP that describes itself as delivering complex legal work at scale. While Mehta could never have anticipated that he was taking the helm in a year that…
If you missed Legaltech Week on Friday, here are the audio and video. Thanks to my futile attempt to connect from a remote location in Florida, I come across as a drunk Cylon (thanks Dennis Kennedy) and Molly McDonough steps in to moderate. [embedded content] Top stories this week and when they appear: 3:36 – Launch Factory seeks legal tech founders. 8:58 – Thompson Reuters ALSP report. 12:38 – Lawyer referral services. 23:22 – Digitizing state courts to increase access to justice. 30:10 – Drunk Cylon? 30:49 – Legal tech M&A study. 35:44 – iManage’s ROI study & the…
After a one-week hiatus, the Legaltech Week journalists’ roundtable returns today, live at 3 p.m. Eastern time. We’ll hash out the top legal tech stories of the last couple weeks. Anything notable happen? We’re on every Friday at 3 p.m. E.T. Hope you’ll join us. It’s on Zoom and all free, but registration is required. Once you register for one, you’re registered for every subsequent week. All prior episodes are also available, both as a podcast and on YouTube. The panel changes from week to week, but usually includes: Nicole Black, legal technology columnist and legaltech evangelist…
The companies X1 and Relativity today announced that the X1 Enterprise Platform, which allows remote searching of data on the end-user’s machine, now integrates with RelativityOne Collect, an application for collecting data from various sources and custodians. The companies say the integration will simplify and streamline the remote collection of electronically stored information from employee laptops, company servers, cloud repositories and applications. The need for effective tools for remote and web-enabled collections has become even more critical in this time of so many employees working remotely, the companies say. “The paradigm has shifted from a slow, inefficient, disruptive…
Have you ever wanted to found a tech company but needed the right idea? A California company called LaunchFactory has the ideas and is looking for founders to take them on – including in the legal tech space. The company takes a decidedly unique path to launching companies. Rather than invest in existing startups, it identifies and vets startup ideas and then recruits entrepreneurs to launch them, providing them with $300,000 in seed capital, domain advisors, incubation tools and office space. For 2021, one of the companies for which LaunchFactory is seeking founders is in legal technology, a vertical the…
The results are in. Readers have been voting to select the 15 legal technology startups that will get to participate in the fifth-annual Startup Alley at ABA TECHSHOW 2021, which will be held virtually March 8-12, 2021. These 15 will face off in a virtual pitch competition that will be the opening event of this year’s TECHSHOW, with the conference’s attendees voting to pick the top winner. The first-place winner gets a package of marketing and advertising prizes. In November, we issued a call for entries. From all the entries we received, a panel of judges narrowed the…
Veristar, a two-year-old company that provides services in e-discovery and litigation support, has acquired the assets of Planet Data Solutions, a 20-year-old company that provides contract analysis and e-discovery technology and services. Under the terms of the acquisition, Planet Data’s Exego software division will operate under a separate Exego LLC. Exego is a platform that provides contract analysis, data extraction and data processing. The Planet Data team will now report to Veristar President and CEO Rick AversDave Cochran, COO at Planet Data, will become president of Exego. Launched in November 2019 by veteran litigation support…
The deadline is Friday to vote to help pick the legal technology startups that will be selected for the fifth-annual Startup Alley at ABA TECHSHOW 2021. Your votes determine the 15 companies that will be selected to face off in a virtual pitch competition that will be the opening event of this year’s TECHSHOW. In November, we issued a call for entries. From all the entries we received, a panel of judges narrowed them down to 25 semifinalists. Your votes now pick the final 15. See the full ballot for descriptions of the 25 companies in contention and…
Barely six months into his new position as senior vice president and general counsel for The Coca-Cola Company, Bradley M. Gayton has taken dramatic action to increase diversity and inclusion among the company’s outside counsel, telling firms that they must meet minimum diversity commitments or face consequences ranging from fee reductions to outright firing. While even he describes this as a bold move, he is no stranger to bold moves. Before moving to Coca-Cola in September, he spent 29 years at the Ford Motor Company, where he rose from law student intern to become that company’s top lawyer, managing a…
This week saw the first virtual version of Legalweek, typically one of the largest legal tech and legal industry conferences. How well did the physical conference translate to the virtual world? Our panelists share their thoughts. (Listen to audio above or scroll down for video.) Stories this week (and the time when we discuss them) include: 4:07 – Legal Week(year). 15:20 – Collaboration between legal tech companies and law firms. 24:00 – Judicial ethics and Reality TV. 30:40 – Troutman’s hire of a “remote” partner. 41:20 – 23andMe going public. 47:32 – A new company that rates Saas vendors’ contracts.…
The Ireland-based company Brightflag, whose platform uses artificial intelligence to help corporate legal departments better manage their legal spend and legal matters, is adding a set of new reports to its existing reporting feature that are designed to provide companies with a more nuanced perspective for assessing their relationships with outside counsel. The news comes fresh on the heels of the company’s news in December that it had raised $28 million in a growth equity investment, which followed an $8.5 million Series A round in April 2019. The company launched in 2015. With the new reports, for each matter…