Leverton has dismissed around 50 of its employees and closed its Berlin office, according to German digital industry publication Grunderszene.
While we have a habit of lambasting the legal sector, often with good reason, it’s good to know there is a universal feeling of failure when it comes to keeping up with the pace of change, and that it is fairly normal to have concerns about your organisation’s lagging and misconceived digitalization strategies!
Wavelength: Simmons’ managing partner Jeremy Hoyland discusses the hows, whats and whys of the acquisition
Legal engineering firm Wavelength was yesterday (23 July) acquired by Simmons & Simmons in what we dubbed “one of the latest, albeit one of the more dramatic, developments as law firms focus on building or buying their own alternative delivery capability.” In this candid interview with Legal IT Insider, Simmons’ managing partner Jeremy Hoyland tells us how the acquisition came about, and perhaps more importantly, why.
Kira Systems has appointed former Thomson Reuters vice president for corporate sales, Joanna Trimble, as the company’s chief revenue officer, completing the Kira executive team, which has undergone a strategic transformation over the past year.
Following a wave of hires and fairly rapid growth at Wavelength, the legal engineering firm has been acquired by Simmons & Simmons, in what is one of the latest, albeit one of the more dramatic, developments as law firms focus on building or buying their own alternative delivery capability.
Neota Logic and content management solution provider Repstor have announced an integration between their two products for the legal sector that will automate the client onboarding and matter creation process in a solution delivered by partner Transform Data International.
In further hefty hires for Deloitte Legal, the legal arm of the Big Four giant has today announced the appointment of two new partners, Andrew Lilley, former managing partner of Travers Smith, and Liz Pierson, formerly a partner at Squire Patton Boggs, who will respectively join as UK head of employment and head of Deloitte’s reward practice.
Mishcon de Reya is the latest law firm to consider floating on the financial markets to raise capital. The story was broken over the weekend by Sky News – we’re not sure about the heading ‘Legal eagles at Mishcon de Reya explore bumper flotation’ – which was followed by a number of stories across the national media.
Heads up for an announcement of an integration between the thedocyard and Thomson Reuters Contract Express. In a social media tease, the docyard says: “Significant development in deal technology: Our CEO Stuart Clout will be in Singapore tomorrow with @Thomson Reuters to launch our product integration with Contract Express – A world first: document automation integrated seamlessly into a digital workflow for your deals. This changes the game.”
DocsCorp last week announced its end-of-financial-year results for 2018-19, delivering a 20% global growth in sales: the best sales results in its 15-year history and more than double last year’s growth of 8%. We speak to co-founder and president Dean Sappey about where the biggest growth has come from and what the pipeline looks like.
Following our revelation yesterday (18 July) that Thomson Reuters is acquiring HighQ, the Legal IT Insider blog and social media feeds have lit up with lots of commentary. Notably where the comments are on LinkedIn and Twitter, they have been overwhelmingly positive and welcoming of the acquisition. On our website where many are anonymous, the picture is quite different.
Following a period of intense multi-party bidding that one person with knowledge of the situation described as “aggressive”, we understand that HighQ has been acquired by Thomson Reuters, in what looks likely to become our deal of the year for 2019.
Women in tech: Baker’s head of innovation in Germany begins fellowship at the World Economic Forum C4IR
Valesca Molinari, Baker McKenzie’s co-head of innovation in Germany and Austria, will this week begin her fellowship at the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR), in San Francisco, California.
ContractPodAi has secured a $55 million Series B investment round led by Insight Venture Partners with participation from the company’s Series A backer, Eagle Proprietary Investments. The $55m investment represents Europe’s largest legaltech Series B fundraise (and, apparently, the largest Series B round for any CLM provider globally.) We speak to co-founder and CEO Sarvarth Misra about the investment.
Clifford Chance has selected opensource contract analytics platform ContraxSuite to underpin its new data science lab and help it build document analysis solutions for its clients. This is a tech/services play as the firm will also be supported by specialists in AI and data science at Elevate, which acquired ContraxSuite as part of its acquisition of LexPredict in November 2018.
Contract analysis specialist Seal Software has appointed a new chief executive and president, as well as introducing a new board-level position focused on accelerating strategic growth initiatives.
Global law firm Hogan Lovells has become the latest to announce a formal partnership agreement with ‘next generation’ legal services outsourcing provider Cognia Law to enhance its alternative delivery solution capabilities.
In what is by far its biggest acquisition to date, Litera Microsystems has acquired UK-headquartered document comparison rival and market leader Workshare, in a move that will enable firms that currently use both suppliers to consolidate their relationships and simplify the drafting process in line with other recent ‘best of breed’ acquisitions.
We first revealed last month that Deloitte is looking to hire a chief technology officer and today (5 July) the Big Four giant has announced that the person selected is none other than Bryan Cave Leighton Paisner’s director of legal operation solutions, Bruce Braude.
In June, Herbert Smith Freehills partner and head of Alternative Legal Services, Libby Jackson, received an MBE in the 2019 Queen’s Birthday Honour’s List for her services to the Northern Ireland economy and for innovation in law. Here Jackson shares her take on the evolution of the alternative legal services space and the changes she anticipates in the years ahead.
And there’s more news from a post-Morae Global-acquired Phoenix Business Solutions, which has expanded its operations into the Netherlands, with a new office in Maastricht – a gateway to Europe.