LEAP launches in Canada

LEAP Legal Software has launched in Canada. This is the next major international expansion for the Australia-based legaltech software developer. After two decades of establishing a solid base in Australia, LEAP embarked on ambitious international expansion launching in the UK in January 2015. In the USA, LEAP was released in New Jersey in July 2016. In the same month LEAP software was launched in Ireland. The uptake of LEAP by UK firms has been significant. In the USA, LEAP is installed in 23 states. LEAP’s core software development team is based in Sydney. Local content development teams (e.g. precedents and […]

NUIX shares lose almost one-third of value in one day

NUIX listed on the ASX on 4 December 2020. The shares available at listing were taken up by select investors. The company’s market capitalisation was well in excess of $3 billion until Friday 26 February 2021. On that day its shares dropped in value by 32.44%. A few weeks ago, we pointed out that the value of the company was almost 18 times revenue. Yes, Nuix seemed to tick all the boxes: tech, cloud, subscription revenue, global expansion potential and a poll position in a new and growing sector. However, this type of valuation has to imply some serious growth […]

PEXA shareholders to explore viability of an IPO

Link Group previously announced its intention to explore value realisation options for PEXA, which has included the commencement of a trade sale process for its stake in PEXA and this will continue as planned with a view to maximising value for Link Group shareholders. In light of the future expected growth in PEXA, all three PEXA shareholders (Link Group, Morgan Stanley Infrastructure Partners and Commonwealth Bank of Australia) have also agreed to explore the viability of an IPO of the business. PEXA reported the following results for 1H2021 (6 months to 31 December 2020): · Transaction volumes increased 28% to […]

Evisort Raises $35M Series B Led by General Atlantic, Quadruples Revenue As Enterprises Race To Tame Contracts

Pre-trained AI platform uncovers millions in potential savings, unlocks missed revenue, and exposes risks hidden in contracts within days of implementation Evisort, the intelligent contract management platform, has announced US$35M in Series B funding following a year of 4x revenue growth, bringing its total funding to $55.5M. Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures. General Atlantic’s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member. The company will use the funds to grow its customer success team, expand its […]

LexisNexis And BigHand announce enhanced legal BI collaboration

LexisNexis and BigHand announce enhancement to its advanced legal BI solution with LexisNexis Affinity integration BigHand and LexisNexis are excited to announce further collaboration with the next phase of its advanced legal business intelligence solution development, and plans for integration to LexisNexis Affinity. LexisNexis Affinity is a leading comprehensive legal software solution that supports productivity and growth for mid-tier law practices across the Pacific Region and beyond. The Affinity connection to BigHand’s legal business intelligence solution will enable the surfacing of key financial metrics from the system into easily accessible web-based dashboards and reports that are tailored to the needs […]

Allens reveals first legaltech accelerator participants

Seven startups developing solutions in document automation, smart contracts and AI-driven knowledge management have been announced as the first participants in Auctus – Allens Legal Accelerator. Auctus – Allens Legal Accelerator received more than 120 applications from legaltech and regtech startups around the world for the eight-week virtual program. The final seven were chosen from a shortlist of 15 who pitched their offering to a panel of expert judges from Allens and Collective Campus, which was engaged to help attract and source potential accelerator candidates. The startups – which are headquartered in four different countries – will now work with […]

Lawyer declares to Judge in a Zoom court hearing: I’m not a cat

Judge gives tech tip to lawyers: IMPORTANT ZOOM TIP: If a child used your computer, before you join a virtual hearing check the Zoom Video Options to be sure filters are off. This kitten just made a formal announcement on a case in the 394th Judicial District (USA). IMPORTANT ZOOM TIP: If a child used your computer, before you join a virtual hearing check the Zoom Video Options to be sure filters are off. This kitten just made a formal announcement on a case in the 394th (sound on). #lawtwitter #OhNo @zoom_ushttps://t.co/I0zaj0wu6K — Judge Roy Ferguson (@JudgeFergusonTX) February 9, 2021 […]

Law in the format of computer code

Regtech, Rules as Code, the buzzwords and jargon don’t help in understanding what is really a simple concept in theory but frustratingly complex to implement. When you think of ‘law’ you think of the written word but law does not have to be ‘in writing’ or only ‘in writing’. It can be in a form that computers ‘understand’ and implement. There can be law in the format of computer code. Watch a replay of the recent online event conducted by Australian Society for Computers and Law and the Allens Hub team.   ? More resources and perspectives: https://www.innovationaus.com/turning-rules-and-laws-into-computer-code/ https://community.codeforaustralia.org/ https://www.allenshub.unsw.edu.au/index.php/ 

GlobalX, SAI Global Property and Dye & Durham come together as new force in Australian legaltech

In January 2021, Dye & Durham completed the acquisition of SAI Global Property Division for $91 million. It has now been announced that GlobalX has also joined Dye & Durham. Dye & Durham is multinational technology company listed on the Toronto Stock Exchange (TSX: DND) with a market capitalisation of around CAN$3 billion. Peter Maloney, CEO of GlobalX has stated: I am delighted to share with you some very exciting news about the future of GlobalX. You may have seen in the media some coverage about GlobalX and Toronto based Dye & Durham (D&D) being in discussions to merge, and […]