This company has just raised US $115 million

Trailblazer Becomes First Billion Dollar Contract Lifecycle Management Company ? From official announcement: Icertis, the leading provider of enterprise contract management in the cloud, today announced the closing of a $115 million Series E round. With this funding, Icertis becomes the first Contract Lifecycle Management (CLM) company in the world to be valued at more than a billion dollars. Icertis is recognized as the CLM category leader due to its groundbreaking AI-infused Icertis Contract Management (ICM) platform and unparalleled success in winning Global 2000 customers. It counts some of the most sophisticated enterprises across all major verticals, as well as […]

Thomson Reuters Acquires HighQ

– A leading open SaaS platform for professional collaboration – Provides secure cloud-based environment, connecting law firms and their corporate customers – Expands offerings and leverages Thomson Reuters channels and customer relationships Thomson Reuters (TSX/NYSE: TRI) has announced that it has acquired HighQ, a leading collaboration platform for the legal and regulatory market. Based in London with offices in the United States, Germany, the Netherlands, Australia and India, HighQ offers a secure cloud-based platform for business collaboration, workflow automation and client engagement. HighQ currently serves more than 400 customers, including more than half of the Global 100 largest law firms. […]

InfoTrack Group appoints industry leader as new Global CTO to support the ongoing execution of legal-technology innovation

InfoTrack has announced the appointment of Sebastian Mill as Global Chief Technology Officer (CTO) to be based out of their Sydney head office. Sebastian joins after four years as Managing Director of Bevoke where he supported law firms all over Australia implementing innovative solutions to assist them with productivity and client facing tools. The likeness between InfoTrack’s innovative technology solutions supporting over 8600 legal clients across Australia and Bevoke’s strategic and technical solution to boost business efficiencies, is why this appointment is strategically advantageous. In his new role as Global CTO with InfoTrack, Sebastian will work closely with the leadership […]

Six year old legaltech company attracts US55 million investment

Utilising IBM Watson, tech company ContractPodAI which opened for business in 2013, has just announced a successful capital raising of US55 million. ContractPodAi, the award-winning provider of AI-powered contract lifecycle management software, today announced a $55 million Series B investment round led by Insight Partners with participation from the company’s Series A backer, Eagle Proprietary Investments. This $55m investment represents Europe’s largest legaltech Series B fundraise and the largest Series B round for any CLM provider globally. ContractPodAi is a leading end-to-end solution for all three aspects of contract management: contract generation, contract repository, and third-party review. Its technology uses […]

Thomson Reuters Elite separates user interface logic from the application logic

Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, has announced the launch of a refreshed user interface as well as many other enhancements to several products in the 3E® Enterprise Business Management Solution. The new user experience delivers to users a new application interface that unifies the experience across 3E, 3E Workspace, and 3E Paperless Proforma™. Leveraging the latest technologies of Material Design, HTML5, and Angular, users will benefit from a more modern, rich, and responsive experience. Because the user interface logic is separated from the application logic, 3E users can gain access to the new […]

LawAdvisor invests in legal automation, acquires early-stage startup Kobi.ai from Mills Oakley

Melbourne-founded legal management software-as-a-service startup LawAdvisor has acquired legal automation startup Kobi.ai from award-winning Australian law firm Mills Oakley. Kobi.ai, founded by Raphael Cardona, automates the initial consultation stage of the client-lawyer relationship. It processes legal and historical data to flag pieces of legal information that will be of importance to legal professionals and their clients. In its current form, Kobi.ai draws upon case data and the migration act to offer advice on how to improve visa applications and can provide advice on alternative visa pathways. LawAdvisor founder Brennan Ong says the acquisition speaks to the LawAdvisor’s continued focus on […]

Litera Microsystems Acquires Workshare

Official announcement: The combination offers professionals a simplified end-to-end solution which simplifies the document drafting lifecycle. Litera Microsystems today [Chicago: 9 July 2019] announces its acquisition of Workshare in a move that underlines the company’s focus on providing a seamless drafting experience for users across best-of-breed technologies. The deal will enable firms which currently use both suppliers to consolidate their relationships, simplify the process of updating software and rely on a single, world-class, support team for the full suite. Both companies have been involved in key legal technology innovation over the last two decades and are a natural fit to […]

Three conveyancers are better than one: how to optimise teamwork in the office

By David Favretto* In any business, it’s no secret that the quality of your team determines how well your company performs. Fostering collaboration and effective teamwork can lead to better outcomes for your business and ultimately, better outcomes for clients. When it comes to conveyancing, work on a transaction will likely be juggled between several people, divvying out tasks such as completing title and planning searches, preparing the contract of sale and liaising with the client. But how do you ensure team collaboration on a project is efficient and effective? The simple answer: technology. Digital software is innovating the conveyancing […]

This is what innovation looks like in insurance legal services

UK insurance risk and commercial law firm, BLM has taken its digital strategy one step further by launching BLM Innovations; a suite of seven online analytics, case management and communications tools. The flagship tool, Foresight, is a pioneering new AI system, developed in conjunction with the London School of Economics (LSE), which considers the strength of evidence on either side of a case to predict the fault in a claim. It supports claims handlers in reaching earlier settlements, using explainable AI to simulate human decision making. Unlike some types of AI, Foresight does not require a large amount of historical […]

The law firms getting excited about PracticeEvolve technology

Mid-tier law firms are getting excited again about their practice management system. Three law firms reveal what led them to choose PracticeEvolve and how they are benefiting from the software. Understanding of legal business workflows. Modern law firms are hungry for solid solutions with which they can easily develop repeatable workflows. When processes become systematic and repeatable, they can become more scalable. New Zealand based Sharp Tudhope lawyers, were the first firm in their region to partner with PracticeEvolve for this very reason. Practice Manger, Mrs. Himpers,  explained their investment decision “We understand that those firms that invest well, and […]