Latest news

The Office of the Comptroller of the Currency (OCC) today (24 November) handed down a $250m civil penalty against JPMorgan Chase Bank, N.A. for the bank’s “failure to maintain adequate internal controls and internal audit” over its fiduciary business.

The Law Society of Alberta (Law Society), which regulates the legal profession in the province of Alberta in Canada, has implemented the Microsoft 365 Epona Matter Center and Epona DMSforLegal. Perley-Robertson, Hill & McDougall in Ottawa has also chosen Epona Solutions for email and document management, which has been in full production use since January of 2020.

Kira Systems has unveiled a differential privacy algorithm that it says will protect its clients from privacy attacks such as reverse engineering and facilitate new service delivery models thanks to sharing lawyers’ knowledge in new ways.

Legal IT Insider editor in chief Caroline Hill speaks to Verbit founder and CEO Tom Livne about the hybrid AI and human-based transcription company’s $60 million Series C fundraising. We find out what Verbit’s growth plans are now and how it will expand the work it is doing in both transcribing and providing analytics on court depositions.

We bring you all the latest including news from Allen & Overy; Neota Logic; HBR Consulting; NetDocuments; and Tikit (Advanced), plus the two legaltech Time Magazine Best Inventions of 2020 and, in the financial sector, the hedge fund that has collapsed after a cyber-attack, drawing commentary from a global law firm tech head.

We were joined by Cai Thomas, Customer Success Manager at Tessian; David Thomson, Head of IT at Stevens & Bolton; David Fazakerley, CIO at CTS; and Duncan Eadie, Head of IT Strategy at Thomson Snell & Passmore LLP to discuss what advanced attack techniques they think are coming next and how to prevent them; and how they’ve managed to downtrend inbound risk with a radically different approach to training and awareness.

Ron Friedmann is one of the best-known names in the legal sector, particularly in the United States. Formerly chief knowledge and information officer at LAC Group and before that a partner at legal it consultancy firm Fireman & Company, Ron talks to Legal IT Insider editor Caroline Hill about his new role of senior director analyst in the legal and compliance team at Gartner.

AI-powered transcription and captioning platform Verbit has raised $60M Series C, just 10 months on from its $31m Series B.

If you haven’t already registered for our webinar with ILTA tomorrow (19 November) note that the registration page has been amended to allow for non-ILTA members. Sign up now and come armed with feedback and questions in this inclusive conversation. This is an open opportunity to talk to us and each other, with an aim to come out of it with a strong, positive roadmap for 2021.

A new alliance has been launched to help universities and other legal training faculties teach their students about digital transformation, with over 15 universities across Europe and South America already signed up to the network, which is working with global vendors including Docxpresso; HighQ; Jeffit and Nymiz.

Thomson Reuters today (17 November) announced two new offerings, Thomson Reuters Marketplace – an online store where users can research and trial solutions before they buy them – and Thomson Reuters Legal Home – a central entry point to access your TR products and resources.

Enterprise workflow solutions provider Onit has acquired New Zealand-founded contract lifecycle management provider McCarthyFinch, with plans to make the technology an integral component of its new legal intelligence platform Precedent. The first release will be ReviewAI.

Our reliance on online communication tools have been accelerated by COVID-19 and remote working. But the collection of social media and website evidence is still often poor, and details of conversations are extracted out of context, so it becomes difficult or impossible to use the communications successfully for evidentiary purposes. In this webinar with Pagefreezer, we will look at some of the latest trends, challenges, and best practices around social media and website evidence collection.

Epona’s senior consultant Keith Vallely considers the value of Microsoft 365; some of the key points to consider in moving to a single platform; what Teams can do for your organisation, and what the next steps are. A great read.

Here are the UK and North America wins, deals and legal IT news you need to know about from the past few days. If it’s not here, check elsewhere on legaltechnology.com

Join us for an interactive live roundtable hosted with ILTA in which we’ll look at everything we’ve learned and can take forward about virtual events. This is a brainstorming session – come armed with your thoughts and hopefully we can start building some best practices together.