The release of Forbes’ 10th annual Cloud 100 list shines a spotlight on the evolving landscape of legal technology within the broader sphere of cloud computing. This year, four legal tech companies have secured positions on the esteemed list, while two additional firms have gained recognition as emerging “Rising Stars.”
Clio, a standout in legal practice management software, advanced from 56th place last year to 46th. Its software is utilized by over 200,000 legal experts worldwide and is backed by more than 100 law societies and bar associations. Clio’s expansion includes a recent acquisition of vLex, with plans to integrate Vincent AI, an AI-powered legal research assistant, proving their commitment to innovation. For more details on Clio, visit their official page.
DeepL, an AI translator popular among legal professionals, is ranked 75th. Established by Polish entrepreneur Jaroslaw Kutylowski, DeepL stands out as a formidable competitor to Google Translate. For more on the company’s impact, see Forbes’ coverage on DeepL.
In 91st place is Harvey, a generative AI solution designed to streamline document management for legal professionals. Described as a tool to reduce clutter on lawyers’ desks, Harvey efficiently handles sensitive documents and provides swift responses to complex queries, which Forbes further elaborates on here.
EvenUp holds the 100th slot, providing AI-driven solutions to over 1,500 personal injury firms. Its analytic capabilities in managing medical records have reportedly generated over $7 billion in claims, an accomplishment highlighted by Forbes.
The list also includes two companies labeled as Rising Stars: Crosby, an AI-powered law firm, and InfoDash, a knowledge-sharing platform facilitating information exchange in law firms.
While these legal tech companies are gaining traction, one notable absence from this year’s list is Icertis, which held the 39th position in the 2024 ranking. More information about Icertis and its previous ranking can be found here.
The Cloud 100 list is compiled by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures, focusing on metrics such as market leadership and company valuation. Additional information and the complete list can be viewed on the Forbes website.