Category: Latest News

Regtech startup Libryo has closed its most recent funding round at £1.35m. The round was led by Future Energy Ventures and supported by a range of existing and new investors, including the UK Government’s Future Fund and early Libryo supporter Nextlaw Ventures, which is a subsidiary of Dentons. Founded in 2016, Libryo is a SaaS […]

LegalTech platform Josef has announced a $2.5m funding round as it eyes expansion in the US and Europe, having signed leading firms such as Herbert Smith Freehills as well as in-house teams at Randstad and L’Oreal. The round, led by Carthona Capital and including US investors The LegalTech Fund, brings Josef’s funding to $3.5m. Josef […]

Improve Your Legal Operations: Three Problems I Solved As A GC With ContractPodAi Cloud The improvement of legal operational processes adds intrinsic value to the business. Implementing AI-based technology solutions such as end-to-end legal automation systems, GCs and legal teams can more easily handle any legal document, process, or scenario – from contract to claims […]

Clifford Chance today (17 May) launches a new, centralised R&D Hub, which brings the product research and development capabilities of its ALSP Applied Solutions within the body of the firm. Applied Solutions, will going forward, act as the sales arm for the magic circle firm’s digital products, such as its white labelled automation product Clifford […]

It’s been a week of surveys, but Littler’s Annual Employer Survey Report stands out because the data is gathered from a substantial 1,160 in-house lawyers, C-suite and HR professionals, and because it covers a wide range of issues from planning a return to the physical workspace, to strategies for supporting employee well-being and engagement. Employers […]

The 2020 Aderant Business of Law and Legal Technology Survey has revealed that 92% of law firms were prepared for the full-scale remote work at the outset of the pandemic, but continue to face issues when it comes to operational efficiency and technology adoption. In its fourth consecutive year, the survey set out to capture […]

Here is the latest exclusive data provided to Legal IT Insider by Spark – a dashboard for legal and regulatory solutions, launched by legal tech analytics company legalcomplex.com. Legalcomplex was co-founded by data wizard Raymond Blijd, who previously worked for Wolters Kluwer. He says: “This month we were curious to know which areas using advanced […]

NetDocuments has hired experienced sales leader Andy Baldin as VP of International Business, we can reveal. Baldin takes over from Guy Phillips, who after 30 years working in the legal sector, is stepping down to take a less active role and will be leaving NetDocuments at the end of June. Both Andy Baldin and Guy Phillips will be working closely together […]

Ascertus reports 10% growth driven by massive uptick in iManage Cloud work

Corporate law knowledge service FromCounsel and legal automation platform Clarilis have today (12 May) formally launched their fully maintained automated M&A document suite. Clarilis offers complex automation via a combination of technology and a managed services team of professional support lawyers. Speaking to Legal IT Insider, Clarilis CEO James Quinn said: “Over time we have […]

Palo Alto-headquartered AI-powered transcription platform Verbit has acquired VITAC – the largest provider of captioning products and solutions by market share in North America. The acquisition means that Verbit is the number one player in the professional transcription and captioning market across legal, media, education, government and corporate sectors. The acquisition follows Verbit’s $60m fundraise towards […]

Copenhagen-founded contract automation platform Contractbook has raised a $30m Series B financing round, dedicated to expansion into the United States. The $30 Million Series B round is led by Tiger Global with participation from existing investors Bessemer Venture Partners, byFounders and Gradient Ventures.  This investment comes only four months after the company raised a $9.3M A […]

By Dominic Norton, Sales Director, Spitfire Network Services Ltd – providing quality voice over IP since 2008 There is some light at the end of the COVID tunnel for the legal sector. As firms of all shapes and sizes start to plan for a return (of sorts), it is clear that the pandemic has left […]

Apiax CEO and co-founder Philip Schoch gives Legal IT Insider the low down on the fast growing, 2017-founded RegTech company that counts Allen & Overy and EY among its clients. How would you describe Apiax to a friend?  The digital economy is everywhere and it seems like everyone is using online services to save themselves time and […]

By Nathan Cemenska Calling the legal industry “relationship-based” is cliché, but that’s because it’s true. Historically, legal has been characterized by “A2A” relationships (attorney to attorney)—where individual inside counsel “hire the lawyer, not the firm.”  They hire partners they know, like and trust, often without considering or even necessarily understanding the strengths of the larger […]

As first posted in The Orange Rag

Global top 10 law firm Hogan Lovells announced today (6 May) that it has entered into an enterprise agreement with transaction management platform Legatics, having seen its use grow over the course of the past year. The new agreement will allow Hogan Lovells and Legatics to continue to grow the use of the transaction management […]

Sarah Glassmeyer has joined ‘app store for legal’ Reynen Court as legal tech curator, responsible for generating the content and strategy for the solution store. Glassmeyer was most recently project specialist manager and counsel at the American Bar Association. “Sarah is a true legal innovator with a wealth of hands-on experience driving change across the […]