Legal IT Insider
Steve Whiter (Appurity director) and Jonny Watkinson (Enterprise Sales Manager UK&I at NetMotion Software) tell us what law firm priorities will be in 2021. NetMotion recently conducted a survey via their Connected Legal Forum in which 50 US law firms were asked about their IT, networking and security challenges for the coming year.
UK-listed law firm DWF has seen its HY21 revenue increase by 15.4% to £167.6m and its profit rise by 17.1% to £24.7m, crediting in large part the growth of its managed services division and tech-led ‘connected services’ for the results.
Legal research challenger ROSS Intelligence is to shut down its operations as of 31 January in the wake of a lawsuit by Thomson Reuters alleging copyright infringement.
Please join us next Thursday, 17 December at 7pm GMT for some festive giggles as we kick off ZERØ’s free Monthly Comedy Series!
In case you needed further proof that contract automation and lifecycle management is where the money is, Danish legal tech company Contractbook has raised $9.4m in Series A funding led by Bessemer Venture Partners and with participation from existing investors including Google’s venture fund Gradient Ventures.
Twenty five per cent of companies have lost out on a business deal as a result of their law firm’s slow onboarding process, according to new research from automated KYC provider Encompass Corporation. The data was obtained via a survey of 200 decision makers in large and medium sized businesses in the UK and conducted by independent polling agency Censuswide.
For all the wins, deals, moves and news from the past week from across the world look no further.
LawtechUK, the government-backed initiative within Tech Nation to help transform the UK legal sector through technology, on 8 December announced the five applicants selected to join the first group of participants of the Lawtech Sandbox R&D initiative.
eDiscovery leader Exterro Inc has acquired digital forensic investigation technology provider AccessData, citing converging market forces in DFIR, eDiscovery, privacy and information governance. A spokesperson for Exterro confirmed that the acquisition exceeds nine figures.
The last Orange Rag of the year is out next Wednesday 16 December, so make sure you get us all your wins, deals, moves and news by Friday, 11 December.
Cloud provider CTS has acquired two legal specialist MSPs, Sprout IT and City Business Solutions (CBS) in its bid to become a “legal sector powerhouse.”
Congratulations to all of the winners of the Women of Legal Tech Awards – here they are in full across the categories of Academia & Education; Entrepreneurship; In-house & Business; Professional Services; and Public Services, Politics & Social.
A legal sector-focussed cyber security summit on Monday 30 November will flag the gaps being exploited by hackers in home working arrangements. We spoke to the managing partner of summit organiser CloudyIT, David Hall, and speaker Peter Elliot from Empiric Partners, for a sneak peek into some of the tips and information they will be sharing – including the top cause of successful attacks.
Traditionally tech-averse lawyers are now wholeheartedly embracing technology, but there is a danger of moving from one extreme to the other – how do we help to guide and shape the use of and approach to technology in this new environment, asks Vince Neicho, president of legal services at Integreon.
The Office of the Comptroller of the Currency (OCC) today (24 November) handed down a $250m civil penalty against JPMorgan Chase Bank, N.A. for the bank’s past failure to maintain adequate internal controls and internal audit over its fiduciary business.
The Law Society of Alberta (Law Society), which regulates the legal profession in the province of Alberta in Canada, has implemented the Microsoft 365 Epona Matter Center and Epona DMSforLegal. Perley-Robertson, Hill & McDougall in Ottawa has also chosen Epona Solutions for email and document management, which has been in full production use since January of 2020. We understand this is an OpenText eDOCS swap out by Perley-Robertson.
Kira Systems has unveiled a differential privacy algorithm that it says will protect its clients from privacy attacks such as reverse engineering and facilitate new service delivery models thanks to sharing lawyers’ knowledge in new ways.
Legal IT Insider editor in chief Caroline Hill speaks to Verbit founder and CEO Tom Livne about the hybrid AI and human-based transcription company’s $60 million Series C fundraising. We find out what Verbit’s growth plans are now and how it will expand the work it is doing in both transcribing and providing analytics on court depositions.
We bring you all the latest including news from Allen & Overy; Neota Logic; HBR Consulting; NetDocuments; and Tikit (Advanced), plus the two legaltech Time Magazine Best Inventions of 2020 and, in the financial sector, the hedge fund that has collapsed after a cyber-attack, drawing commentary from a global law firm tech head.
We were joined by Cai Thomas, Customer Success Manager at Tessian; David Thomson, Head of IT at Stevens & Bolton; David Fazakerley, CIO at CTS; and Duncan Eadie, Head of IT Strategy at Thomson Snell & Passmore LLP to discuss what advanced attack techniques they think are coming next and how to prevent them; and how they’ve managed to downtrend inbound risk with a radically different approach to training and awareness.