LawSites

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

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The annual Legalweek conference in New York is always the occasion for legal technology companies to roll out announcements of new products and features. This year’s conference, which kicked off yesterday in a virtual version redubbed Legalweek(year) and reformulated as a year-long series of events — is no different, although the announcements seem a bit fewer so far. In particular, the first day of the conference yesterday brought a flurry of news releases from e-discovery companies. Here are some of the highlights. Logikcull Offers Free Legal Hold Platform E-discovery company Logikcull has announced that it is offering free, unlimited access…
Wolters Kluwer Legal & Regulatory U.S. said today it is enhancing its Kluwer Competition Law resource with the addition of the Merger Thresholds Monitor, a knowledge management platform maintained by Granville Knowledge Management that provides up-to-date merger control thresholds, procedural information, exchange rates, interpretation and guidance for 135 jurisdictions worldwide. Merger thresholds are the dollar values that determine which mergers and acquisitions must be reported to government regulators before consummation. Keeping track of them can be labor-intensive and require research across multiple resources. Granville KM maintains the Merger Thresholds Monitor, which it sells as a subscription product, regularly updating and…
TermScout is a unique legal technology startup devoted to reviewing, rating and comparing the software contracts of leading business-to-business companies so that software buyers can better and more easily understand what they are being asked to sign. Today it marked its official launch with the release of the first major set of its customer-favorability ratings, evaluating the contracts of 150 top SaaS companies, including well-known brands such as Salesforce, AWS, Google, Microsoft and Solarwinds. “For the first time, the world can easily and affordably understand and compare the terms their vendors impose on them,” founder and CEO Otto Hanson said…
In an alliance announced today, KPMG and SirionLabs are teaming up to offer digital contract management to enterprises worldwide, combining KPMG’s consulting expertise in addressing complex business problems with SirionLabs’ AI-driven contract lifecycle management technology. The alliance encompasses KPMG in the U.S., KPMG in the U.K., and member firms of the global professional services network KPMG. KPMG will both promote SirionLabs’ technology to its clients and use it internally. “We see contract management as a strategic enterprise capability that delivers commercial value,” said Nicola Brooks, KPMG UK’s head of contract management transformation. “All too often we find that contracting…
This year marks the 10th anniversary of Kira Systems, the first company to develop AI-powered contract analysis, technology that is now becoming commonplace in the legal profession. To mark the anniversary, Kira’s cofounders are releasing a book, AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers. When CEO Noah Waisberg, a former lawyer, and CTO Dr. Alexander Hudek, a computer scientist, launched Kira in 2011, they thought it would be easy to develop machine-learning software to review contracts. They quickly found out otherwise. It was two years before they had a…
We introduce a new segment this week: panelists’ rants and raves, a lightning round of what made us mad or glad this week. Other stories we discuss include: a look-ahead to virtual Legalweek, an ABA ethics opinion on responding to negative online criticism, ROSS’s litigation gambit calling Thomson Reuters a monopoly, whether virtual firms are here to stay, and ODR comes to Manhattan small claims court. Listen to the audio above or watch the video below. Our panelists this week are: Nicole Black, legal technology columnist and legaltech evangelist at MyCase; Stephen Embry, publisher, TechLaw CrossroadsVictoria Hudgins
On today’s Legaltech Week journalists’ roundtable, we’re adding a new segment: rants and raves. In addition to our weekly discussion of the week’s top stories in legal tech and innovation, we’ll do a lightning round in which each panelist will offer a rant or a rave for something that happened this week. 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.…
Here is a round-up of recent moves in the legal technology world. New Marketing VP at Brightflag In the wake of a $28 million investment in December, Brightflag, an AI-powered spend and matter management platform for corporate legal departments, has named Jill Altruda as vice president of marketing, where she will direct global marketing strategy, customer acquisition and customer communications. Before joining Brightflag, Altruda led product marketing for supply chain company LLamasoft through its $1.5 billion acquisition by Coupa. She has also held senior marketing positions at ProQuest and Truven Health Analytics, where she drove global go-to-market strategy in…
The legal marketing agency Good2BSocial launched a service this week that is designed to provide on-demand training in legal marketing and business development. The Good2BSocial Academy is designed for marketing, business development and communications professionals at law firms, as well as for lawyers who want to learn more about marketing and building their practices. The Academy will offer a variety of courses, webinars, podcasts, certifications and other educational resources. It is launching with one anchor course and a selection of webinars. Other courses will be added over time. The anchor course is a certification course in digital marketing for law…
As the pandemic has made it more important than ever for law firms to accept electronic payments, Orion Law Management Systems is announcing today its launch of Orion ePay, a seamless and secure online payment system, powered by LawPay, that enables law firms to allow clients to pay legal fees online by credit, debit or e-check. With so many law firms and clients working remotely, Orion says its new ePay feature will provide both with greater flexibility and convenience. It will also speed up collection time, improving cash flow and increasing profitability. The feature enables firms to add secure…
A free online portal launched today in Texas is designed to help lawyers find volunteer opportunities and assist residents of the state find help with their legal needs. The new portal, Pro Bono Texas, was launched as a partnership between The State Bar of Texas and the justice tech company Paladin. The portal provides volunteer lawyers and law students with a centralized location to search and sign up for pro bono opportunities across the state. “Texas lawyers are committed to assisting Texans in need and this portal provides an easy, centralized search feature that helps volunteer lawyers statewide find…
The role and reach of corporations’ chief legal officers continues to expand, with 78% of them reporting directly to their company’s CEO, and their scope of responsibilities expanding, particularly for issues of privacy, cybersecurity, and compliance. These are among the findings of the 2021 Chief Legal Officer Survey released today by the Association of Corporate Counsel, in partnership with the governance, risk and compliance company Exterro. The survey found that of 19 corporate functions, the one that most frequently reports to the CLO is compliance (74%), followed by privacy (45.6%), ethics (42.5%), risk (39.7%), government affairs (25.9%), and…
In a deal they say makes them the leading AI-powered e-discovery platform, the companies Reveal and Brainspace have merged under the Reveal name, backed by an investment of more than $200 million by investment firm K1 Investment Management, which is taking a majority stake in the company. K1, which specializes in investments in high-growth enterprise software companies, is the same firm that two years ago made a $200 million strategic investment in Onit, a Houston company that provides enterprise workflow products for legal management, contract management and business process automation. Chicago-based Reveal, founded in 2008, is a…
In the continuing litigation between now-shuttered legal research startup ROSS Intelligence and long-established legal research giant Thomson Reuters, ROSS today filed an amended answer in which it raises a new counterclaim, asserting that TR is violating federal antitrust law by maintaining monopolistic and anticompetitive control over the legal research market. “Westlaw has for far too long impermissibly controlled legal research and restricted access to the public law,” ROSS cofounder and CEO Andrew Arruda told my by email. “Enough is enough. We started ROSS with the mission to democratize law because the law belongs to the people. We will now fight…
As we begin to look ahead to a post-pandemic world, what will the legal market look like in 2021 and beyond? Has the pandemic’s impact on law firms resulted in a tipping point that will forever alter law firms and the business of law? A report by the Center on Ethics and the Legal Profession at the Georgetown University Law Center and Thomson Reuters Institute2021 Report on the State of the Legal Market, speculates that the combined effects of the pandemic may have so softened partner resistance to fundamental change as to create a tipping point in…
A new CEO was named today for the practice management company MyCase, following its $193 million acquisition last September by private equity firm Apax Partners. Taking over as CEO effective immediately is Jim McGinnis, who most recently was EVP/GM of Wolters Kluwer’s Tax and Accounting North America Professional Segment, where he helped build CCH Axcess as a leading SaaS solution in the accounting profession. Earlier, McGinnis was vice president at Intuit, where he led marketing and product management for the professional division and led the accountant segment as part of Intuit’s QuickBooks business. He has also held senior…