LawSites

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

Are you a startup founder wondering what type of business entity to create? Or maybe you have a question about the best structure to raise seed capital. The answers to these and many other questions can be found in a digital hub launched yesterday by the Emerging Companies Practice of the Palo Alto-based law firm Wilson Sonsini. Designed to provide founders, entrepreneurs and venture capitalists with access to a range of free legal resources and insights, the hub centers around a knowledge bank where the firm’s attorneys provide answers to more than 200 common questions. Categories covered in the…
This week, David Lat, who founded the blog Above the Law in 2006, and who earlier, in 2004, started the anonymous blog Underneath Their Robes, and who left blogging two years ago to take a job as a legal recruiter, is returning to writing as a full-time livelihood. But this time, Lat will not be publishing his writing on a blog. Instead, he will be publishing a newsletter on Substack, hoping that enough subscribers ante up $5 a month to support him in his craft. As someone who gained near-celebrity status in the legal world through blogging, Lat’s choice…
Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments up 11.2 % in the first quarter of 2021 over the prior year. Law firms were no exception to this trend, as they realized that the old way of collecting payments via paper checks was impacting their cash flow, according to a report published today by the practice management platform PracticePanther. Notably, for law firms that adopted e-payments and offered clients the ability to pay online, the benefits were tangible, the report finds. With e-payments, the time it took firms…
Rian Gauvreau, who in 2008 cofounded practice management company Clio with Jack Newton, has left the company, where he most recently held the position of chief people officer. He continues to serve on the company’s board of directors. A company spokesperson said that Gauvreau decided to step down from his position at the company in order to spend time with his family. “Rian decided to step down from his role as chief people officer to spend time with his growing family,” Sasha Perrin, Clio’s director of communications, said in an email. “He will remain an integral part of…
Nominations open today for the second annual American Legal Technology Awards, a competition launched last year to honor exceptional achievements in legal technology. Awards will be given in eight categories: access to justice, court, enterprise, individual, technology, law department, law firm, and startup. Deadline for nominations is Aug. 31, 2021. Self-nominations are welcome. Finalists will be announced in October, and winners announced Nov. 1-10. The ALTA awards were launched last year by Tom Martin, founder of LawDroid; Caitlin Moon, director of innovation design for the Program on Law and Innovation at Vanderbilt Law School; and Patrick Palace
Intapp, a major provider of cloud-based business applications for larger law firms and financial services firms, said today it has signed an agreement to acquire Repstor, creator of Microsoft 365-based enterprise content management and team collaboration tools. Founded in 2012 and based in Belfast, Northern Ireland, Repstor’s cloud-based solutions are designed to help law firms, accountancy practices, and in-house legal teams optimize Microsoft 365 and Microsoft Teams for content management, case management, matter lifecycle management, and collaboration. Its tools enable legal teams to coordinate all matter management in a secure, ordered and traceable way from within Microsoft 365…
Coming, as it did, in the midst of the pandemic, the merger last August of nQueue, a provider of printing, scanning and cost-recovery solutions for law firms, and Zebraworks, a company started by ProLaw founder Bill Bice to help move law firms to the cloud, promised to deliver new products aimed at enabling legal professionals to work from anywhere. Now that merged company, renamed nQ Zebraworks, has delivered on that promise with the release of tw0 mobile printing and scanning products that work on iOS devices and are designed to enable legal professionals to work as effectively from home…
LexLab, the legal innovation hub at UC Hastings Law School, recently wrapped up the fourth cohort of its legal tech accelerator program with a demo day at which the seven startup participants got to pitch their products to potential investors. But this demo day, in fact this entire cohort, was noticeably different than prior ones, in that it was the first to take place 100% virtually, without the benefit of having the startups come and work on site in LexLab’s offices on the Hastings campus in San Francisco. In this episode of LawNext, we speak with LexLab’s director, Drew
The Asia-Pacific Legal Innovation and Technology Association (ALITA) and legal tech startup Theorem LTS have partnered to develop and launch ALITA’s new online membership portal. Theorem’s platform will provide ALITA members with access to a legal tech marketplace with a suite of ready-to-use legal technology tools, shared vendor intelligence, and click-to-launch technology test drives. ALITA’s member portal, using the Theorem platform, will launch later this year. ALITA, based in Singapore, is the regional legal technology association for Asia-Pacific, with a mission to drive collaboration in legal innovation and technology in the region. Its membership includes some 200 organizations, including global law…
Do you feel like your law firm is hemorrhaging money? Maybe it is and you don’t even realize it. Take the time to evaluate how your firm operates and identify how you can help stop the bleed. Top three ways to save: 1)           Don’t duplicate effort or function. Many law firms pay top dollar for accounting software that is meant to have all the functionality necessary to reconcile their IOLTA, operating, or other business accounts. The problem is, most lawyers may find these functions too complicated to use. This routinely requires law firms to pay not only an accountant, but…
Billionaire venture capitalist Tim Draper, known for early investments in companies such as Twitter, Skype and DocuSign, has invested $1 million in seed capital in Jur, a blockchain-based dispute resolution platform founded in Switzerland. Draper described Jur’s dispute resolution platform as “the future of decentralized justice” and its recently issued cryptocurrency, the Jur token, as “the token of justice in the new blockchain era.” In an article yesterday in Business Insider, Jur’s founder and CEO Alessandro Palombo said that his company is building the “Tesla of justice.” “Unlike hybrid cars, Teslas were designed from the ground-up…
Eight students in the LawX legal design lab at BYU Law have developed an online resource, called Goodbye Record, that is designed to address flaws in the process for expunging criminal records in Utah and potentially other states as well. I’ve written a number of times about LawX, a lab program launched in 2017 in which law students use design thinking to analyze and address critical issues in access to justice. In each semester-long lab, the students tackle a different issue. Previous LawX projects have resulted in the development of SoloSuit, to help consumers respond to debt collection…
In today’s episode of How It Works, we look at Ironclad, the contract lifecycle management platform used by innovative companies such as L’Oréal, Staples and Mastercard to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. To introduce the product and demonstrate how it works, I am joined by Damon Miño, Ironclad’s vice president for sales. [embedded content] How It Works is a sponsored video series that lets you see how legal technology products work. Each episode features a hands-on demonstration, presented by the product’s developer and…
The cloud-based e-discovery and litigation platform Everlaw today kicks off Illuminate 2021, its first industry conference, and as it does, it is reporting a year of record growth. Over the past year, the company saw 67% compound annual run rate growth (CAGR) over the prior three years, and a 140% increase in U.K. revenue year-over-year. Everlaw’s three-year case count CAGR was 99%, it says. “The legal industry is experiencing a period of rapid transformation, and legal teams are starting to recognize the robust potential that cloud-based technology has for collaborative litigation to discover the needle-in-a-haystack pieces of information needed…
The legal technology company Clio this morning announced a Series E investment of $110 million at a valuation of $1.6 billion, making it the first law practice management company to achieve so-called unicorn status and one of only a small number of legal tech companies overall to achieve that status. In special episode of my LawNext podcast recorded ahead of today’s announcement, Clio cofounder and CEO Jack Newton joined me to provide details on the investment, discuss the implications for the company and its customers, and share his thoughts on what this means in the broader context of the rapidly…
The online dispute resolution service FairClaims is taking on established commercial arbitration services such as JAMS and the American Arbitration Association with a new offering that it says will resolve disputes far faster and at a fraction of the cost. FairClaims’ new FastTrack Arbitration service is designed for business disputes of $25,000 or more, with a particular focus on disputes involving small- and medium-sized businesses or that are handled by lawyers in smaller law firms. The news comes just a week after the launch of another ODR platform that promised to resolve business disputes more quickly and at less cost…