LexisNexis has selected the first five participants in its new Silicon Valley legal tech accelerator program, which was created to give startups a leg up in the rapidly expanding legal tech industry.
After a thorough evalution process, the five finalists selected are Visabot, TagDox, Separate.us, Ping, and JuriLytics, which were selected from a list of over 40 promising startups for the interesting nature of their businesses and their innovative use of technology.
Participants will have access to the content resources and expertise of LexisNexis and Lex Machina, with the programme led out of Lex Machina’s offices by CEO Josh Becker (pictured) with support from LexisNexis’ chief technology officer, Jeff Reihl; chief product officer, Jamie Buckley; vice president of US Product Management, Jeff Pfeifer; and Lex Machina chief evangelist, Owen Byrd.
Pfeifer said: “The goal of our tech accelerator program is to identify some of the best and brightest legal tech startups, contribute to their early success, and then watch as their innovative technologies and vision transform the business and practice of law.”
The five members of the LexisNexis legal tech accelerator program are:
Visabot: An “immigration robot” powered by artificial intelligence that helps customers complete U.S. visa applications, including locating relevant open data about an applicant, guiding applicants in the process of gathering supporting documents, ensuring forms are filled out accurately, and drafting appropriate language to tell the applicant’s story.
TagDox: A legal document analysis tool that creates tags, allowing users to identify and structure information in a variety of document types, improving both the speed and the quality of the document review process; “tag results” can transform documents into easily readable summaries, checklists, database feeds or approval overviews.
Separate.us: A web-based application that automates legal document preparation for divorces and provides access to relevant professionals at affordable fixed rates, deploying a business model that targets both B2B and B2C customers.
Ping: An automated timekeeping application that collects all of a lawyer’s billable hours, capturing missed time and money (an estimated 20% across the industry), and operating entirely in the background in concert with standard legal billing software.
JuriLytics: An expert witness peer review service that attorneys can use to challenge their opponent’s experts with previously unobtainable credibility, or bullet-proof their own expert’s work through vetting from the world’s top researchers (in any field of expertise).