Category: Technology Intelligence

Over the weekend of 22 November 2020, Law In Order was the victim of a cyber security incident.  Law in Order has stated publicly: We are undertaking a thorough forensic investigation to understand the scope and details of the incident. This includes the extent to which information has been affected. We are assessing reports that a very small proportion of data on Law In Order’s servers has been exfiltrated and proactively advising customers who may be impacted. We have committed to being open and transparent with our customers and will continue to keep them informed as our work progresses. We […]

BigHand has announced the release of BigHand Evaluate 2.9, the latest version of its progressive matter pricing and budgeting solution, with improved use of historic data to inform new budgets, management of grouped budgets, and expanded central configuration features. BigHand Evaluate provides access to timely and comprehensive insight on legal transactions. The solution gives users the ability to accurately and intuitively price, track and manage the financial performance of matters within the firm. BigHand’s legal pricing and budgeting tool now allows users to search multiple data sources, such as a PMS and an experience management system, to find the right […]

NetDocuments, secure cloud-based content services platform for law firms, corporate legal teams, and compliance departments, today announced unprecedented growth in 2020. In Q1-Q3 2020, more than 300 solo and small firm practitioners, corporate law departments, and other legal entities have chosen the NetDocuments platform with an additional 300 existing customers expanding their cloud service. This growth represents NetDocuments ‘new deal’ records for Q2 and Q3, both in the midst of the pandemic. Within NetDocuments’ Small-Medium Law segment, Annual Recurring Revenue (ARR) growth was 40% year-over-year in both Q2 and Q3. To date, 54% of new customers switched to NetDocuments from […]

Onit, Inc., a leading provider of enterprise workflow solutions including enterprise legal management, contract lifecycle management and workflow automation, today announced that the company has acquired McCarthyFinch and its artificial intelligence platform that accelerates contract reviews and approvals by up to 70% and increases user productivity by more than 50%. The acquisition reinforces Onit’s innovation strategy to deliver powerful AI-based workflow and business process automation solutions. The company plans to further its innovation through AI by evolving its product offerings as well as the software provided by its legal operations management software subsidiary SimpleLegal. The technology will become an integral […]

Thomson Reuters today announced two new offerings, Thomson Reuters Marketplace and Thomson Reuters Legal Home, in its continued push to deliver solutions that simplify workflows. Thomson Reuters Marketplace, still in beta, is an online store where users can research, trial and purchase a wide range of trusted and tested solutions. The applications, solutions and services available will add greater value to the technology investments users have already made. Thomson Reuters Legal Home is an integrated digital launchpad serving as a central entry point for legal professionals to seamlessly access essential resources and information in one place. “Our customers have shared […]

By InfoTrack. As the holiday season draws near, you may be thinking about the months ahead. While traditionally the summer is a slow period for many professional services and b2b businesses, it doesn’t have to be this way. There are many challenges that property lawyers and conveyancers face in the time leading up until Christmas including questions around maintaining profitability even though they yearn for a well-deserved break. If this is you, here are three strategies that you can implement to stay open for business these holidays, maintain profit, and set your direction for 2021 whilst enjoying rest and relaxation. […]

Incredibly, it has been 10 years since PEXA (its predecessor entity) was established A recent study undertaken by the University of Melbourne found that while countries such as the United States and the United Kingdom reported significant declines in property settlements during COVID-19 lockdowns, Australia’s market remained fully operational. The report confirmed it was the availability of electronic conveyancing helped keep the country’s $7.1 trillion1 residential property market online. The research noted that during May and August this year, the height of the national outbreak, more than $230 billion2 worth of property settlement value was processed on Property Exchange Australia […]

Joint contribution by Kira Systems and Legal Practice Intelligence. What is artificial intelligence good for when applied to delivering legal services? Many people believe AI technology works in the same way as a human brain, but that’s not the case. Many current AI systems work in manners different from humans. For example, they review data using machine learning, or algorithms, rather than cognitive processes. AI is adept at processing data, but it can’t think abstractly or apply common sense as humans can. Thus, AI in the legal sector enhances the work of attorneys, but it can’t replace them. AI technology […]