It’s been rumoured for a while but we can confirm for the first time that LexisNexis is to exit the practice management system market with the sale of enterprise resource planning system LexisOne, which is being acquired by Dynamics 365 gold partner SA Global.
Silicon Valley-based alternative legal services provider InCloudCounsel is to launch in Europe, with its new London office led by former Kirkland & Ellis corporate and capital markets associate Bridget Deiters.
Elevate’s Halebury acquisition: John Croft and Denise Nurse discuss customers, competition and how two + two = five
Acquisitive law company Elevate last week announced that it has bought senior flexible resource law firm Halebury. We caught up with Elevate’s president John Croft and Halebury’s co-founder Denise Nurse to find out about the key drivers for the acquisition; how the combined entity will benefit clients, and who Elevate now regards as competition.
Slaughter and May today (15 January) announced that it has selected a new round of businesses to join its technology entrepreneurs programme, Fast Forward in a week that has seen announcements from Mishcon de Reya and LexisNexis about MDR LAB and the Legaltech Accelerator Programme respectively, with one startup in the latter programme having entirely revised their business model after a 12-week period.
Freshfield’s Mark Walmsley (pictured) talks about what it takes to be a chief information security officer (CISO) as cybercrime soars, and on inspiring the next generation.
Deloitte Legal appoints magic circle veteran as managing partner to head tech-focused legal offering
Deloitte has hired Allen & Overy partner Michael Castle as its new managing partner for Deloitte Legal in the UK, having last year announced that it will offer legal advice alongside technology-enabled delivery and process optimisation.
Legal tech wins & deals: SOS; Linetime; Aderant; Elevate; OpenText, ONIT; Reynen Court and FileTrail
In the UK it’s been all about the practice management system over the past week with wins for Aderant, SOS Connect and Linetime in the same week that we broke the news that Oracle is launching a dedicated legal PMS. Elsewhere, Elevate has bought flexible legal service law firm Halebury and in the US we bring you a mixed bag of wins including the news that Pillsbury Winthrop Shaw Pittman LLP will be the first law firm to deploy OpenText Magellan; OpenText’s AI-backed analytics platform.
In a hugely significant hire for the blockchain community, K&L Gates’ former chief information officer Neeraj Rajpal has taken on the new role of chief innovation officer at blockchain technology infrastructure provider Integra Ledger.
UK top 60 law firm Brodies has selected Aderant Expert, swapping out its soon to be sunsetted Thomson Reuters Elite Enterprise practice management system. Brodies was the first UK client to go live on Elite’s Business Development Premier integral CRM solution, which it will continue to use.
Clifford Chance and Latham & Watkins have each injected north of $2m into startup services automation platform Reynen Court, which has heavyweight law firm backing to become the legal tech app store that will enable law firms to access new tech in a secure and integrated way.
Enterprise legal and contract management software provider Onit has secured a whopping $200 million from West Coast private equity firm K1 Investment Management which it says it will use to scale operations to meet increasing client demand for its process automation technology and enhance its scalable platform.
Elevate has acquired senior flexible resource law firm Halebury, in the process converting to become an alternative business structure (ABS) to facilitate the acquisition of the UK regulated practice.
US legal IT movers and shakers: Ron Friedmann joins LAC Group as chief knowledge and information officer
Industry consultant and well-known US commentator and blogger Ron Friedmann has joined LAC Group to fill the newly-created executive role of chief knowledge and information officer. We speak to the former Fireman & Company partner about his new role.
Allen & Overy has at last found a replacement for former chief technology officer Ian Storer, with the out of sector appointment of John O’Donovan, who joins from TalkTalk, where he was chief architect.
See here for our 2019 Orange Rag editorial deadlines and note that our wins and deals section will be turned into a report at the end of year with visualisations and analysis of the number of wins per vendor. Don’t say we didn’t tell you.
As much of the UK formally returns to work today (7 January) we kick off 2019 with a bang, with the revelation that Oracle is launching a dedicated legal global practice management system that will initially be targeted at UK headquartered law firms, with the intention to later expand out to the United States.
In a shock departure from legal operations powerhouse CLOC (Corporate Legal Operations Consortium) founder Connie Brenton has resigned alongside board member Jeff Franke. The resignation comes just three weeks ahead of CLOC’s 2019 London Institute, which last year was chaired by Brenton. You can read the letter announcing her departure here in full.
Crikey, what a year it’s been. A year of some progress and a lot of nonsense, 2018 can be summarised as a time when expectation far outpaced reality in legal tech land. The buzz around AI has meant that many law firms have bought solutions that they, particularly their partners, believe will be a panacea for all of their problems, and have inevitably been disappointed.
Taking stock: 12 IT leaders tell us about their achievements, challenges and priorities for the year ahead
As 2019 approaches, 12 technology and innovation leaders from firms including Herbert Smith Freehills, Eversheds Sutherland, Linklaters and Taylor Wessing tell us about their biggest achievements, challenges and priorities for the year ahead.
“As Justin Kan’s Chief of Staff, I am actively involved in operating Atrium and investing in early-stage startups. Founders ask me many questions, but there’s one they ask me more often than any other: ‘how do investors evaluate startups?'” By Anuj Abrol, chief of staff to Justin Kan at Atrium – our thanks to Anuj for allowing us to reproduce his excellent blog in full below.
Well done to our Christmas countdown dog blog finalists! We will pick the winner during our office Christmas lunch today (21 December) and announce the result over LinkedIn and Twitter. Keep an eye out because thanks to our commercial director Jeremy Hill, we are all going to lunch dressed as characters from The Greatest Showman.
When DFIN this week announced they had acquired AI-backed contract analytics platform eBrevia for $19.5m, I must admit that my first question was, who the hell are DFIN? My second was, what does this mean for eBrevia’s clients? Well, heads up, after speaking to DFIN, I like what I hear and so, apparently, do eBrevia’s clients.
At Legal IT Insider we are profiling the UK top 200 legal IT teams – from key people, to size, to core systems and strategic priorities – bringing to life much of the information contained in our UK Top 200 chart and extending it. In our second profile we are excited to bring you everything you need to know about Weightmans, where investment in IT was an impressive 6% of revenue in 2017. Our thanks to the Weightmans team for helping us.