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Law Society disbands Veyo after spending north of £3m

The Law Society of England and Wales’ technology partner in online conveyancing portal Veyo may temporarily be regretting adopting the catchphrase on its website: “In the news: for all the right reasons.”

The Law Society and Mastek both announced yesterday (3 December) that, following a review of Veyo by Legal Practice Technologies (LPT) – the vehicle set up to deliver the online portal – both parties to the venture have decided against any further investment.

The full scale of the monies spent to date on the failed project are still being calculated but, according to the Law Society’s annual report for 2014, the body invested £600,000 in LPT in May 2014 in consideration for a 60% shareholding in the newly-formed company, with the minority shareholding being held by Mastek (UK) Limited.

However, the accounts for that year also show that during 2014, The Law Society made “purchases” of £2,667,650 from Mastek, bringing the total money spent to date on the project to well over £3m.

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Law Society pulls the plug on the Veyo conveyancing portal – shocked to discover no demand for a product when there is a free alternative

The Veyo hare has run into the Monty Python parrot. The English Law Society has just announced that its Veyo conveyancing portal is being closed down. We’ll be following up with our own coverage but in the meantime we’re linking to the Law Society Gazette article so you can also see the readers’ comment, particularly those of Ian Newbery. One particular point is that at the time the project was announced, it was said £10 million had already been spent on product development and that the Law Society had a 60% stake, whereas the Gazette article suggests only £600,000 of members money has been wasted. So has Mastek, the other partner in Veyo, lost £10m or is the full financial picture still to emerge?

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Further consolidation in UK ediscovery market as Consilio buy Proven Legal

Consilio, a global provider of ediscovery and document review services, has just acquired UK based Proven Legal Technologies, an edisclosure and forensic consulting services provider and Relativity premium-hosting partner. This acquisition will strengthen Consilio’s growth in Europe and enable it to offer Relativity hosting services to its global clients. Proven Legal Technologies was founded in 2006 as Palmer Legal Technologies.

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Latest UK win: Copley Clark go with Eclipse Proclaim in “six figure” deal

QualitySolicitors Copley Clark, part of a national network of law firms, has selected the Proclaim Practice Management Software solution from Eclipse Legal Systems, the Law Society’s sole endorsed provider. Based in Surrey, the multi-disciplinary practice offers an array of legal services to individuals and businesses, ranging from family and probate through to conveyancing and employment law. According to Insider records, the firm previously ran an Advanced Legal Videss system.

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Risk Management, Ediscovery & Compliance: Putting chat in the spotlight – analysing Instant Messaging in the Age of Connectivity

While regulatory enquiries are never a welcome development to begin with, they are particularly troubling for organisations without adequate internal compliance programmes and tools to handle large volumes of company data for eDisclosure and internal investigations. In the face of such enquiries or lawsuits, identifying and presenting key communications is a critical issue. And as the LIBOR scandal shows, instant messaging (IM) conversations are now a substantial component of that need.

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Consolidation in UK legal forms sector as SC@MS buys FormsPlus

Solicitors Case Management Systems (SC@MS – www.scams-law.com) just bought the FormsPlus legal forms business from Infolaw (www.infolaw.co.uk/forms). Infolaw has supplied its forms to the UK legal profession since 2005. FormsPlus is particularly well-known for the fact that every form is supplied in an MS Word (.doc) format.

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Start-up Corner: Event Planning? Add-to-Event go for crowdfunding

Christmas – a time for law firms and vendors to run corporate hospitality events and parties. But where do you find the suppliers to ensure the event is a success? Two brothers – Ben and Tim Maughan –, have just launched a crowdfunding campaign on Seedrs in a bid to raise some capital to further develop their event planning business, Add to Event, and transform the way the UK organise events.

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Neota Logic’s work with Akerman Data Law Center will “transform the way companies manage their data law risks”

Neota Logic says that the work it is doing with the new Akerman Data Law Center – a technology-driven data privacy and security law service for corporate counsel and compliance officers – will transform the way companies manage their data law risks and compliance obligations.

Akerman, a top 100 US law firm, announced on 20 November that the data centre, developed in conjunction with Neota and Thomson Reuters Managed Legal Service, will support clients across all industries that are vulnerable to regulatory scrutiny and cyber-attacks, including large enterprises in the retail, banking, insurance and healthcare sectors.

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Startup Corner: Absolute Barrister same “Game Over” on old UX models

“We didn’t take our legal insight straight to a technical expert but first to designers – they told us nobody had ever employed them in this way. We didn’t send an RFI to twenty companies and select the second cheapest – we understood the technology in depth and sought out the the experts, the geeks, the nerds wherever they are in the world and we didn’t take no for an answer. We got to understand the structure behind the technology and we have partnerships with the very best service providers based on what our clients need.

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BigHand’s cloud-based solution for SMEs passes 10,000 users as BigLaw becomes ‘the next story’

Following its launch in April 2013 of cloud-based Professional Edition for smaller law firms, BigHand has announced that the software-as-a-service (SaaS) digital dictation solution supports more than 10,000 users across 700 SMEs worldwide, as it now looks towards expanding its cloud offering to larger law firms.

Previously perceived as an enterprise provider predominantly for larger professional services firms and hospitals with sizeable in-house server infrastructure, BigHand identified that a cloud-based product could deliver significant value for SME’s.

Smaller firms face a combination of ever-increasing pressure on budgets, a competitive requirement to be just as efficient as larger players, and an often limited in-house IT capability. BigHand Professional, an entry level voice workflow product delivered in the cloud on an annual subscription basis and offering compatibility with any smartphone or hardware, has quickly proved popular with UK and international law firms.

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LexisNexis and BLP win ‘supplier of the year’ and ‘best use of technology’ at The British Legal Awards

LexisNexis and Berwin Leighton Paisner have won ‘supplier of the year’ and ‘best use of technology’ respectively at The British Legal Awards (BLAs) 2015.

LexisNexis was recognised for its implementation of proofreading tool LexisDraft within City law firm RPC – the BLAs 2015 law firm of the year – while Berwin Leighton Paisner won the best use of technology category for its work with RAVN ACE, having become the first law firm to sign up to the ‘artificial intelligence’ solution, as revealed by Legal IT Insider on 15 September 2015.

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RBRO Solutions announces partnership with HighQ

RBRO Solutions and HighQ have signed a global resell agreement that will give their customers access to one another’s flagship products.

RBRO, which provides content management solutions and integration tools to enable organisations to get more out of iManage WorkSite, now has the ability to sell the HighQ Collaborate solution in the global market.

The deal will in turn allow customers of HighQ, which provides an enterprise-grade, privately hosted cloud platform in which organisations collaborate and share information, to benefit from RBRO’s Link2DMS product offering.

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Ten ways to transform your legal department

Mitratech’s chief executive Jason Parkman has published a comprehensive ‘10-steps guide’ for corporate legal departments that he promises will “transform your legal department from a company cost center into the best-run business unit in the organization.”

Corporate counsel are increasingly looking to embrace technology, generate revenue, and manage their risk exposure and brand, particularly in the face of the rise of internet exposure and social media.

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Brochet Paste launches in London – 26 November

Last month saw boutique Microsoft Office professional services firm Brochet, shoot into the UK Legal Insider Top 200 supplier listing – this month Brochet launch their new product ‘Brochet Paste’ into the market place.

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Insider website has a navigation refresh!

Today sees the introduction of some changes to the Insider website navigation to make it easier for visitors to keep track of the stories that really matter to them.

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Analytics, meet content: LexisNexis acquires Lex Machina

In an acquisition that brings together cutting edge analytics with a trove of content, LexisNexis has acquired litigation data mining company Lex Machina, which through its Legal Analytics platform provides insights about judges, lawyers, parties and patents from IP litigation.

The Silicon Valley company, which says it has so far been inhibited from expanding its services due to a lack of content, delivers a software-as-a-service platform that helps lawyers predict the behaviours and outcomes of different legal strategies by mining, tagging and categorising millions of Federal court dockets and documents.