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ILTA>ON news! Product launches

We’re here to help you keep on top of the product launches and announcements from ILTA>ON 2020.

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Linklaters formalises global agile working policy

Linklaters has formalised its global agile working policy, with employees able to work remotely for up to 20-50% of their time. This is despite the fact that Linklaters signed a lease agreement for its new circa 350,000 sq. ft London headquarters at 20 Ropemaker Street just before the COVID-19 pandemic hit.

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Innovation hub Reinvent Law adds three LegalTech vendors to member line up

Member-based innovation hub Reinvent Law has addedthree more community members: contract review specialist eBrevia, the billing venture BusyLamp and pseudonymization start-up Naix.

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NetDocuments launches Tasks and SmartView at ILTA

NetDocuments today (24 August) during ILTAON launched Tasks, a collaborative task management system, and SmartView, a document preview and collaboration engine. Both new technologies will be featured during ILTA’s virtual ILTA>ON conference, August 24-28.

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iManage acquires transaction management platform Closing Folders

iManage has acquired legal transaction management platform Closing Folders in a step that will enable lawyers to manage transactions from creation, signature and closing within the document management system.

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COVID-19 Working Remotely Survey Report

We conducted a survey earlier this year during lockdown to see how you were managing working remotely, and have produced a report of our findings.

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Litera to focus on legal workspaces with acquisition of Allegory Law

In an unusual acquisition that will in a roundabout way reunite a startup with its founder, Litera is acquiring Allegory Law, a litigation management platform sold in 2017 to Integreon by founder Alma Asay, who joined Litera this year as an evangelist. Allegory director Corey Barnes is joining Litera.

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Legal IT news round up – all the latest wins, moves and product launches

Catch up on the latest wins, deals and product launches here including Thomson Reuters’ acquisition of CaseLines; Taylor Wessing and Wilson Sonsini’sSixFifty launch return-to-work solution; Aderant broadens scope of Expert Sierra to Include Canada; Taylor Vinters selects NetMotion; Margraves Solicitors upgrades to SOS Connect – goes live during lockdown; Df2020 launches COVID-19 employee risk assessment; Wilson Solicitors selects P4W, and vLex Justis brings AI-powered legal research to Hong Kong, Singapore and Malaysia.

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US regulatory reform: Utah sandbox leader John Lund gives us insight into the changes you can expect

On 13 August, the Utah Supreme Court made history by giving the green light to a regulatory sandbox that will allow, for the first time in the United States, law firms and corporations to experiment with new legal structures including allowing non-lawyers to practice and manage law firms. Legal IT Insider editor Caroline Hill spoke to John Lund, past president of the Utah Bar and co-chair of the Utah Implementation Task Force on Regulatory Reform, about what the changes mean and what we can expect over the next two years, including taking a look at the early applications.

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Litera unveils new format, presenters and ILTA>ON live coverage

Litera announced today (18 August) the launch of its latest version of Litera TV, which now includes new presenters, a catch-up TV service, brand new interface and content recommendations, and live coverage of ILTA’s virtual conference ILTA>ON. ILTA>ON will be hosted by me and LawSites editor Bob Ambrogi. Together we will bring you analysis of the sessions and interviews with some of the industry’s biggest names.

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Carrick Capital acquires majority stake in Factor in “one of the biggest net new investments” in the legal market – although the value is not disclosed

Axiom spin-off and managed legal services provider Factor  today (18 August) announces a significant new investment to be provided by Carrick Capital Partners (Carrick), an existing investor focussed on software and software-enabled businesses with over $1B in assets under management, who will become the majority shareholder of Factor. The deal, expected to close by October 2020, is said to represent one of the biggest net new investments in the global legal solutions market, although the value of the deal has not been disclosed.

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Thomson Reuters Contract Express is now fully integrated within HighQ 5.4

Thomson Reuters today (18 August) unveils a new version of Thomson Reuters HighQ, within which the headline news is that Contract Express is now fully integrated within HighQ 5.4. E-billing and matter management solution Legal Tracker is also integrated within the new version.

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Legal IT product news: Tiger Eye announces DocuSign integration for iManage

UK-headquartered legal IT consultancy and iManage partner Tiger Eye has formally unveiled a new integration with DocuSign that simplifies and automates the eSigning process within iManage.

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CLM platform Agiloft secures $45m growth equity investment and hires former EY leader Eric Laughlin as CEO

Contract lifecycle management provider Agiloft today (17 August) announces a $45 million growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. In conjunction with the transaction, Agiloft has also hired Eric Laughlin to the role of CEO: Laughlin most recently served as global leader of legal managed services at EY, where he managed the Pangea3 and Riverview Law teams and provided clients with technology and service solutions in the contracts, e-discovery, and compliance domains globally.

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Kennedys launches virtual work experience programme, expanding numbers from 120 to thousands

Future lawyers wondering how to gain work experience during the COVID-19 pandemic will welcome the news that global law firm Kennedys has launched a virtual work experience programme that is expanding potential spaces from the usual 120 on site to thousands of remote students.

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nQueue Merges with startup Zebraworks

nQueue has merged with legal tech startup Zebraworks to launch a cloud-based platform, following a spin off from parent company Reckon.

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Linklaters appoints Shilpa Bhandarkar as CEO of tech arm Nakhoda and Greg Jackson as head of innovation

Shilpa Bhandarkar has been appointed as CEO, Nakhoda. Formerly head of innovation, Bhandarkar will now focus solely on scaling Nakhoda in its next phase of growth. Linklaters has also appointed Greg Jackson in a new combined role as global head of strategy, innovation and efficiency. Nakhoda’s flagship product is a digital document automation and negotiation […]

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Story of the week: Twitter hack hearing hit by Zoombombers

This Friday our story of the week goes to the virtual bond hearing of the 17-year-old boy accused of hacking Twitter, which was interrupted by Zoombombers playing loud music and a pornographic video. Independent security journalist Brian Krebs, who attended the hearing, summed it up on Twitter by saying: “Judges holding hearings over Zoom need to get a clue.”

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Big data analytics startup Ayfie lists its shares for public trading

NLP-driven document analysis company, Ayfie, has listed its shares for public trading – an unusual step for a small legal tech startup that is not part of a larger company.

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Paul Hastings dominates in 2020 ILTA Distinguished Peer Awards

ILTA this week announced its Distinguished Peer Awards finalists, with Paul Hastings up for four awards across three categories, including two in the Transformative Projects of the Year category.