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.
We recently caught up with CMS’ head of innovation and legal operations, John Craske, to find out more about the UK top 10 law firm’s strategic partnership with Obelisk.
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.
Continuing our efforts to profile the IT capability of the UK’s largest law firms, here DAC Beachcroft’s Chief Operations Officer, Andrew Keith, tells us about the IT team’s remit, strategy, challenges and where significant investment.
He announced this year that he is retiring to the Caribbean but that retirement has been extremely shortlived, as Thomson Reuters Elite’s former VP of global sales, Bill Burch this week once again entered the legal technology fray as co-founder and chief revenue officer of electronic court filing startup ECFX.
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.
Norton Rose Fulbright is launching a legal operations consulting practice which will be led by Stephanie Hamon, who joins the firm from Barclays. The practice will provide management and operational advice to inhouse legal teams at major financial institutions and corporates.
Four legal innovation heads compare remits, challenges and priorities. Around the table are Isabel Parker, chief legal innovation officer at Freshfields Bruckhaus Deringer; Shilpa Bhandarkar, head of innovation at Linklaters; Wendy Butler Curtis, chief innovation officer at Orrick; and Kerry Westland, head of innovation and legal technology at Addleshaw Goddard.