Thomson Geer announces its entry into the Perth market

Official announcement: Thomson Geer has acquired 10 year old Perth property, infrastructure and litigation boutique law firm LSV Borrello, signalling its entry into the Perth market. The 8 partner and 20 staff boutique law firm will re-badge to Thomson Geer, becoming Thomson Geer’s 5th office, on 1 July. “This move is on strategy” said Thomson Geer Chief Executive Partner, Adrian Tembel. “We know the LSV Borrello team very well, it’s the right time in the Perth economic cycle and our institutional clients require us to offer Perth coverage”. “On day one we’ll be transferring two of our senior corporate lawyers […]

Legal Fees ‘R’ Us

US law firm Kirkland & Ellis has showed its fee-generating prowess by billing US$56 million dollars in legal fees, representing Toys ‘R’ Us in its bankruptcy. The US$56 million was after writing-down US$11 million as a result of exceeding a fee cap.  According to Forbes Court documents show that the judge in the case, Keith L. Phillips, and the fee examiner last week approved professional fees of $55.7 million and expenses of $1.5 million to the Kirkland & Ellis law firm, which represented Toys ‘R’ Us in the bankruptcy. A 1,115-page fee application filed with the court in March spells out the […]

GlobalX partners with The Legal Forecast to promote legal innovation amongst young professionals

Legal technology expert GlobalX has announced a new partnership with innovation-focused not-for-profit The Legal Forecast, signalling its intentions to invest in the future of the legal industry. The Legal Forecast is a think tank run by a team of dedicated early career professionals determined to ‘do law differently’ by encouraging disruptive thinking in the legal sector. GlobalX CEO Peter Maloney said the partnership reflects GlobalX’s desire to promote industry innovation and support emerging thought leaders. “As an organisation with roots in the start-up world, we have a long history of supporting big ideas and being at the forefront of new […]

Family law firm lists on the ASX

AF Legal Group Limited (ASX: AFL) on Friday 7 June 2019 commenced trading on the Australian Securities Exchange (ASX) following a capital raising of $5.9 million led by Bell Potter Securities. The capital raising was supported by a range of existing and new investors. The company listed on the ASX with a market capitalisation of approximately $12 million. The AF Legal Group currently consists of Australian Family Lawyers and Walls Bridges Lawyers. AFL acquired the Mornington Victoria Family law firm Walls Bridges in March 2019. The public company is comprised of 60.1 million shares which had an IPO price of 20 […]

US$50 million to build software for law firms and in-house

Although this is a US capital raising, its size, ambitions and focus on in-house legal, means that it has a good chance of having an impact on the Australian legal market.   Litify, a software platform that empowers law firms to better service their clients and grow their business, has announced a Series A investment of $50 million by Tiger Global Management, LLC, a New York investment firm. Some of the largest recent legal software capital raisings around the world have been eDiscovery company DISCO US$83 million in early 2019 and Atrium LTS in late 2018, raising US$65 million. The capital […]

Microsoft and Integreon Mark 10 Years of Innovation, Remarkable Results, and Advancement in Legal Services Delivery

Today (Washington USA, 5 June 2019), Integreon, a leader in alternative legal and business services for law firms and corporations, celebrates a highly productive and transformative 10-year partnership with Microsoft Corporation (NASDAQ: MSFT). Over the past decade, Integreon has exponentially grown its Microsoft operation from a single US-based specialist team in 2009 to now providing managed legal services across five delivery centers, three continents, and in 14 languages worldwide. Microsoft is a pioneer in recognizing the vast potential of innovative alternative legal service providers (ALSPs) like Integreon. In 2009, Microsoft initially selected Integreon to support its Global Contracting Office (GCO) […]

LEAP and LexisNexis Close Formation of Joint Venture in Practice Management Software

LexisNexis Legal & Professional, part of RELX and a leading global provider of information and analytics, and LEAP Legal Software, have closed the transaction forming the PCLaw | Time Matters joint venture, announced on May 8, 2019. PCLaw | Time Matters is jointly operated by LEAP and LexisNexis, and provides law firm customers with product enhancements, improved customer support for LexisNexis’ leading on-premise solution, and a simple migration path to LEAP’s best-in-class cloud solution. More information here

Sympli Launches National Early Onboarding Program

Australia’s newest e-Settlement service provider, Sympli Australia Pty Ltd (Sympli), has this month launched its national Early Onboarding Program. The company marked its 1-year anniversary by announcing the program which will see select participants onboarded with the platform, allowing them to be involved in the early stages of their national roll-out.   Sympli is currently operational for lodging documents in Queensland and Victoria and is scheduled to be operational in New South Wales next month as it finalises the first two documents on the platform. Sympli says that it will be operational Australia wide by the end of the year. […]

Artificial Intelligence lease management system receives multiple accolades at iAwards

“Australia’s first artificial intelligence-powered lease management platform received multiple commendations at the NSW iAwards late last week, with the program billed to revolutionise the lease administration procedure. “Developed in partnership with LeaseInfo and CSIRO’s Data61 with support from the NSW Government, ‘Accurait‘ uses text classification tools, optical character recognition (OCR) and LeaseInfo’s own metadata to drastically reduce the document-intensive process of commercial lease abstraction by at least 30 minutes per lease.” Read more https://algorithm.data61.csiro.au/artificial-intelligence-lease-management-system-wins-accolades-at-iawards/      

Wilson Sonsini develops app that generates more revenue than a lawyer

SixFifty is a software business owned by Wilson Sonsini, the renowned Silicon Valley-based law firm. Bloomberg Law reports: Kimball Parker, president of SixFifty, said he expects the app will generate millions in revenue as companies scramble to comply with the CCPA by a January 2020 deadline. The firm’s lawyers, on average, generated $1.1 million in revenue last year, according to the latest AmLaw rankings. “This is its own business. It’s owned by Wilson Sonsini, but we’re not running it like it’s a law firm,” Parker said. “It’s not a law firm. Our biggest department will be our sales team.” Read […]