Legal leaders take to the stage for charity Dancing CEOs

[Image: Caralee Fontenele – Director Collective Family Law, Marguerite O’Sullivan – Owner Yugen Yoga Studio, Rafe Berding – Chief Executive Officer The Search People, Andrew Reid – Group Executive Pharmacy Services Icon Group AU, Francesca Webster – Chief Executive Officer and Founder Brazilian Beauty] TEN of Queensland’s corporate movers and shakers will swap the boardroom for the ballroom in a bid to raise a record $400,000 to help victims of domestic violence. A cast of prominent Brisbane CEOs will put their pirouettes and pride on the line for the annual Dancing CEOs competition on 15 May to support the Women’s […]

Mitratech Acquires Global Legal Market AdvanceLaw

Mitratech, a leading provider of legal and compliance software, is pleased to announce the acquisition of AdvanceLaw. AdvanceLaw is a unique market through which 300 of the world’s most innovative corporate general counsels (GC) create and?manage more effective law firm panels by sharing law firm performance information within the AdvanceLaw GC network. This creates superior outcomes for the general counsels and offers above-market revenue growth opportunities to top-performing law firms. The network of AdvanceLaw general counsel (GC) evaluates lawyer performance across a number of vetted law firms, comprising 11,000 lawyers in 57 countries worldwide. Positive feedback on firm and attorney performance?earns […]

Epiq Accelerates Artificial Intelligence (AI) Innovation for the Legal Industry

Official announcement: Epiq, a global technology-enabled services leader for corporate legal departments and law firms, today announced that it is providing a unique combination of pre-built AI models, a team of experts, and an innovative program to help its Epiq eDiscovery Managed Services clients create, build, and nurture their own AI model libraries based on their specific practices and data sets. Epiq’s dedicated eDiscovery Managed Services organization has long led the industry with its programmatic and tailored approach to eDiscovery and service delivery innovation. Its application of advanced AI technology within a proven eDiscovery managed services delivery model makes Epiq […]

Fixed Fee on the Rise for Small Law

Almost half of Australian small law firms and conveyancers (43 per cent) have seen an increase in requests for fixed-fee pricing in the last 12 months across most practice areas, according to the Smokeball State of Small Law Australia Survey. New South Wales, Victoria and South Australia have all seen a 50 per cent increase in requests, with Queensland the only State to record a smaller increase of 28 per cent. Market forces and a need for bill certainty are noted as the leading reasons for the fixed-fee trend but firms also said they are seeing a rising unwillingness to […]

Theorem LTS to drive membership portal for Asia-Pacific Legal Innovation & Technology Association

Official announcement: The Asia-Pacific Legal Innovation and Technology Association (ALITA) and legal tech platform Theorem LTS today announce a partnership to develop ALITA’s new online membership portal. The Theorem platform will power access to a legal tech marketplace with a suite of ready-to-use legal technology tools, shared vendor intelligence, and click-to-launch technology test drives for members of ALITA, the regional body for Asia’s legal innovation and technology ecosystem based out of Singapore. ALITA aims to use this portal as a one-stop platform for members to discover and experiment with new legal tech tools, and to gain access to these tools […]

Clio valuation US$1.6B

Clio, cloud-based legal technology, announced a new valuation of US$1.6B after raising US$110M in its Series E. The funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and also included OMERS Growth Equity. “This investment is indicative of the explosive demand for legal technology that empowers lawyers to be cloud-based and client-centered,” said Jack Newton, CEO and Founder of Clio. “The support from T. Rowe Price funds and accounts and OMERS Growth Equity will enable us to continue to create a more equitable and accessible legal system by making it easier for clients and […]

Another step towards IPO and global expansion for PEXA

A private equity group that wanted to acquire PEXA has been shoved aside as momentum gains for an IPO. The talk of PEXA’s value keeps increasing in increments of $1 billion. Original plans to list on the ASX, prior to its current ownership structure, were flagged at $1 billion. But then the current owners (Link Group, Commonwealth Bank of Australia and Morgan Stanley Infrastructure Partners) came in at around $1.6 billion. The current consortium of Pacific Equity Partners, Carlyle Group and their affiliates have withdrawn after proposing an implied enterprise value of $1.95 billion. The new mark that is being […]

The global app store for legal technology to host services

Founded in 2018 with wide support from a consortium of nineteen leading global law firms, Reynen Court has built and launched a platform – akin to an app store for legal technology – that aims to makes it fast, easy and secure for law firms and in-house legal departments to discover, test, adopt and manage Artificial Intelligence, Smart Contracts and other new technologies. It has now announced an extension of its services to provide a solution for sourcing, testing and strategically managing third-party software applications in secure private cloud. Womble Bond Dickinson, a firm of 1,100 lawyers in 26 offices […]

Law firm signs blockchain-based legal agreement

A claimed first. Official announcement: National law firm, Piper Alderman, has become the first legal firm in Australia to execute a blockchain-based payment guarantee in a commercial contract, announced today in The Australian Business Review. Piper Alderman Partner, Michael Bacina, said: “The transformative nature of distributed ledger technology is only just beginning and I’m thrilled to be a small part of helping to modernise and improve legal practice,” Mr. Bacina said. “Paper based payment guarantees have always suffered from inefficiency and risk and the Lygon platform, with the support of major banks and IBM blockchain technology should help Piper Alderman and […]

Huge investment into digitising legal services

US/UK: Rocket Lawyer Announces US$223 Million Growth Investment Led by Vista Credit Partners Strategic financing will accelerate legal tech innovation and expand access to justice worldwide Official announcement: Rocket Lawyer, the affordable and complete legal service, today announced a major growth capital financing of $223 million, led by Vista Credit Partners (“VCP”), a strategic credit investor and financing partner focused on the enterprise software, data, and technology markets. Rocket Lawyer and Vista will collaborate to scale the Rocket Legal Cloud™ platform to meet the strong and accelerating demand for the company’s natively digital tools of justice. Founded in 2008, based on patented […]