Industry experts say MSOs, or management service organizations, can serve as a way for senior attorneys to retain equity even after retiring, given them greater incentive to cede power and client relationships to the next generation.
Continue Reading Monetizing the Back Office: A New Tool In Law Firm Succession Planning
Law.com's Legaltech News
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'Short and Distort': AI Company Defamation Claim Alleges Bad Review Caused Stocks to Drop
According to the plaintiff, Datavault AI, all it took was a bad review and a barrage of negative social media posts from the financial research and due diligence firm, Wolfpack Research, to put the company’s reputation in a tailspin.
Continue Reading 'Short and Distort': AI Company Defamation Claim Alleges Bad Review Caused Stocks to Drop
Kirkland, A&O Shearman Among Firms Riding Middle East Data Center Wave But Risks Run Deep
Law firms are juggling high-stakes Gulf data centre deals. Kirkland & Ellis helped close two mega-deals in October alone, including a $40 billion deal to acquire Aligned Data Centers and a Blackstone-backed AirTrunk deal on a $3 billion partnership with Saudi AI HUMAIN.
Continue Reading Kirkland, A&O Shearman Among Firms Riding Middle East Data Center Wave But Risks Run Deep
IP Platform Tradespace Acquires Agentic AI Startup Paragon
The IP management platform plans to leverage Paragon’s agentic AI to perform patent drafting.
Continue Reading IP Platform Tradespace Acquires Agentic AI Startup Paragon
K2 Services Acquires Epiq's Business Process Outsourcing Unit GBTS, Staffing Provider Forrest Solutions
The purchase of process and workforce outsourcing businesses is intended to widen the K2’s offerings to law firm clients.
Continue Reading K2 Services Acquires Epiq's Business Process Outsourcing Unit GBTS, Staffing Provider Forrest Solutions
Don't Believe the Hype: Cost Savings Will Remain Elusive in the Gen AI Era
The primary value gen AI will deliver in non-commodity commercial legal services will not be pure cost savings, Keith Maziarek writes.
Continue Reading Don't Believe the Hype: Cost Savings Will Remain Elusive in the Gen AI Era
Clio Raises $500M in Series G Funding Round, Boosting Valuation to $5B
The company finalized its vLex acquisition and hopes to use the latest funding for future acquisitions.
Continue Reading Clio Raises $500M in Series G Funding Round, Boosting Valuation to $5B
'Manipulation Machine'? OpenAI Hit With Spate of Product Liability Suits, 4 Involving Suicide, in Calif. State Courts
OpenAI was slammed on Thursday with seven lawsuits in Los Angeles and San Francisco state courts for allegedly designing its flagship chatbot product, ChatGPT, to foster emotional dependency, psychological delusions and addictive behavior among its users—and even, in some cases, to act as their personal “suicide coach.”
Continue Reading 'Manipulation Machine'? OpenAI Hit With Spate of Product Liability Suits, 4 Involving Suicide, in Calif. State Courts
Legaltech Rundown: Thomson Reuters Joins NetDocuments' Interoperability Program, Parambil Releases Medical Negligence Templates and More
An update on the legal tech market’s past week, from product launches to new partnerships.
Continue Reading Legaltech Rundown: Thomson Reuters Joins NetDocuments' Interoperability Program, Parambil Releases Medical Negligence Templates and More
Legora Announces Platform for Firms to Collaborate With In-House Teams
Legora Portal is designed to allow in-house attorneys to use gen AI-powered workflows built by their outside counsel to work collaboratively on matters.
Continue Reading Legora Announces Platform for Firms to Collaborate With In-House Teams
A Small Real Estate Practice Breaks Ground in Ropes & Gray's Gen AI Adoption
Ropes & Gray’s real estate practice members say they have been proactive in acquiring gen AI tools from vendors like Harvey and Hebbia with the help of the firm’s legal tech team.
Continue Reading A Small Real Estate Practice Breaks Ground in Ropes & Gray's Gen AI Adoption
Did California's Tractor Supply Fine Mark a New Direction for Privacy Enforcement?
The California Privacy Protection Agency’s $1.35 million settlement with Tractor Supply Co. marked the first completed enforcement action addressing job applicants’ privacy rights.
Continue Reading Did California's Tractor Supply Fine Mark a New Direction for Privacy Enforcement?
Inside Syngenta's Data-Driven Legal Ops Overhaul
Leadership support was absolutely essential. And we put a lot of effort into onboarding the legal community, through super-user networks and targeted training sessions,” said Katalin Takács, legal operations lead at Syngenta.
Continue Reading Inside Syngenta's Data-Driven Legal Ops Overhaul
Thomson Reuters Announces Upcoming Agentic AI Features for CoCounsel Legal
CoCounsel Legal’s agentic AI features, which focus on workflow customization, will be available in beta over the next few months.
Continue Reading Thomson Reuters Announces Upcoming Agentic AI Features for CoCounsel Legal
The Gap Between Law Firms' Innovation Efforts and Client Expectations Is Slowly Closing
In 2023, 60% of in-house counsel identified a divide between their own innovative use of people, process and technology and what their firms delivered. That figure dropped to 43% in Thompson Hine’s latest innovation survey.
Continue Reading The Gap Between Law Firms' Innovation Efforts and Client Expectations Is Slowly Closing
Swiss Legal Tech Startup DeepJudge Closes $42M in Series A Funding
With the funding, the startup plans to advance its products and grow its international reach.
Continue Reading Swiss Legal Tech Startup DeepJudge Closes $42M in Series A Funding