The legal technology company Litera has announced its acquisition of FileTrail, a well-known provider of information governance and records management software. This move aims to enhance Litera’s governance, risk, and compliance (GRC) capabilities, which already include products such as CAM, PowerDesktop, and PS/Ship. By incorporating FileTrail, Litera aims to deliver more comprehensive solutions for managing…
As legal tech continues to evolve, the recent acquisition of Henchman, a generative AI-driven contract drafting platform, by LexisNexis Legal & Professional highlights significant advancements in the field. Henchman has rapidly gained attention for its claim of delivering “the fastest contract drafting experience ever made.” The deal, which was announced last month and completed this…
In an era marked by unprecedented investment in legal technology, notable funding rounds have shaped the competitive landscape and accelerated innovation in the sector. According to a comprehensive survey by LawNext, the largest legal tech investments of all time reveal a trend focused on scaling solutions that enhance efficiency and accessibility within the legal industry….
Exclusive LawNext Interview: CEO Jack Newton on Clio’s Record-Setting $900M Raise In a notable development for the legal technology sector, Clio, a leading law practice management company, announced a record-setting $900 million funding round. This marks the largest investment ever secured by a cloud-based legal technology company, bringing Clio’s valuation to an impressive $3 billion….
The law practice management company Clio has set a new record in the legal technology sector by announcing a $900 million raise at a $3 billion valuation in an oversubscribed Series F investment round. This funding round was spearheaded by New Enterprise Associates (NEA) and included participation from Goldman Sachs, Sixth Street, CapitalG, and Tidemark,…
The law practice management software Rocket Matter has introduced an updated version of its platform, Rocket Matter NextGen. This newly reimagined product emphasizes flexibility and customization, aimed at meeting the diverse requirements of various law firms and practice areas. Originally launched in 2008, Rocket Matter was among the pioneers of cloud-based law practice management systems….
The law practice management company Clio has introduced Clio Accounting, a legal-specific bookkeeping and accounting software, as an add-on to its Clio Manage platform available to U.S. customers. According to an announcement by Clio, this new feature aims to streamline financial operations for law firms by synchronizing information from Clio Manage to maintain up-to-date financial…
In a further advancement of its AI-driven legal tools, Thomson Reuters has unveiled CoCounsel Drafting, a novel document drafting aid. This innovation integrates seamlessly within Microsoft Word, leveraging the acquired capabilities from Casetext and the invaluable content from Practical Law. Initially available in the U.S., CoCounsel Drafting will also roll out in the U.K. and…
The law practice management company LEAP Legal Software has unveiled three new artificial intelligence features amalgamated into its all-in-one practice management platform. These innovations include a distinctive human-in-the-loop facet. According to LEAP, these AI solutions aim to augment and support legal professionals rather than replace them, thus allowing lawyers to concentrate on more impactful endeavors….
Citators, tools essential for validating whether a case or statute remains good law, have taken center stage once again with new innovations from vLex and Paxton AI. Historically, LexisNexis’ Shepard’s and Westlaw’s KeyCite have dominated the field, with Bloomberg’s BCite also holding a noteworthy position. However, recent launches by Paxton AI and vLex bring new…
AAA API Launch The American Arbitration Association (AAA) has announced the release of a series of application programming interfaces (APIs) aimed at refining case administration for parties handling multiple arbitration cases. The new APIs will facilitate the sending and receiving of documents, filing of new cases, and tracking of case-related activities. In response to potential…
In an increasingly digital world, legal professionals are recognizing the importance of user experience (UX) and user interface (UI) design in the realm of legal technology. To support this growing need, legal technology design and development company Theory and Principle has introduced an online course titled UX 101 for Legal. Designed to educate law firm…
LawNext Podcast: Clearbrief and Founder Jacqueline Schafer Jacqueline Schafer, the founder and CEO of Clearbrief, was motivated to start her company from her experiences as a litigator and appellate advocate. During a pro bono asylum case, Schafer successfully pointed the judge to crucial evidence that supported her client’s arguments, ultimately saving the client from deportation…
A cardiologist with a background in medical technology, computer science, and artificial intelligence has launched a product designed to aid legal professionals and physician expert witnesses in the arduous task of reviewing and analyzing medical records. The product, Quench SmartChart, leverages generative AI to streamline the medico-legal review process, allowing users to quickly extract, summarize,…
Last October, during its annual Clio Cloud Conference, the law practice management company Clio announced its plan to roll out an e-filing service, called Clio File, during 2024, starting with Texas, which would make it the first law practice management platform with built-in e-filing. Today, it delivered on that promise, launching Clio File for e-filing…
Recent reports on the adoption of AI in legal education, based on a survey distributed by the American Bar Association (ABA), have been significantly overstated. According to a Reuters article, the survey suggested that more than half of law schools are now offering courses on AI, with a majority providing students with opportunities to learn…
Law.com Radar, a service providing AI-enhanced alerts for new lawsuits filed in over 2,400 U.S. federal and state courts, has begun tagging all new civil filings using the SALI Alliance taxonomy, a system designed to standardize legal data across the industry. According to Vanessa Blum, vice president of innovation at ALM, the parent company of…
Three weeks after the untimely death of its executive director Craig W. Weinlein, The Sedona Conference has named Kenneth J. Withers as its new executive director. Withers has served as deputy executive director for ten years and has been associated with the organization for nearly 19 years. He had initially planned to retire but has…
On today’s installment of Legaltech Week, the focus is on an unconventional yet surprisingly relevant topic: toilet paper. The discussion, however, will traverse beyond mere bathroom humor to explore deeper implications for life and legal technology. Attendees can also expect engaging conversations on critical issues such as legal ethics and AI, AI risk in legal…
Advances in generative artificial intelligence (GenAI) have the potential to significantly affect the practice of law, particularly for junior lawyers. A 2023 Thomson Reuters report forecasts an “immense” impact, noting tools that can draft complaints using factual inputs. In light of the anticipated decline in manual tasks such as due diligence review and routine document…
Clearbrief, a legal technology company that leverages artificial intelligence to assist lawyers in identifying and including factual support within their legal writing, has secured an additional $4 million in funding, increasing its total capital raised since its inception in 2021 to nearly $8 million. This funding round, led by Authentic Ventures, How Women Invest, and…
Attorneys who often handle PDF forms will find notable efficiency gains through Gavel’s latest generative AI tool, Gavel Blueprint for PDF. This new feature aims to streamline the process by automatically converting PDF forms into automated document-generation workflows. The tool identifies and extracts key fields from the document, proposing relevant questions needed to complete these…
In a new legal ethics opinion, the Pennsylvania Bar Association and Philadelphia Bar Association have jointly emphasized that lawyers must maintain proficiency in all relevant technological means, including generative AI, to meet their professional obligations. The detailed opinion outlines 12 points of responsibility for lawyers utilizing generative AI in their practice, addressing key areas such…
Investments in legal technology may have started slowly in 2024, but recent data suggests a significant upswing. A recent Crunchbase report highlighted that legal tech startups raised $356 million at the beginning of the year. However, in just the last 30 days, these companies have amassed at least $414 million in funding. Major deals within…
In an effort to enhance user experience and provide greater value to its readers, LawSites has introduced a novel feature that allows for more in-depth exploration of legal products and categories mentioned in its posts. When readers peruse articles on LawSites, they will now notice a new sidebar feature that includes direct links to related…