Relativity Acquires Text IQ to Drive Leadership in AI for e-Discovery, Compliance and Privacy

Relativity, a global legal and compliance technology company, has announced that it has acquired Text IQ, a Top 100 AI company applying artificial intelligence (AI) to identify sensitive data. Text IQ leverages the latest in unsupervised machine learning (ML), graphical modeling, social network analysis (SNA), natural language processing (NLP) and deep learning to create AI solutions for the world’s largest enterprises to manage and mitigate risks in enterprise data. Text IQ’s AI helps to lower the cost and risk of legal privilege review, speed up and increase the accuracy of data breach response workflows, and quickly identify and manage personally […]

DocuSign moves into smart contracts through acquisition

  We’re investing in the future of agreements. Today #DocuSign announced its intent to acquire, a pioneer of smart agreements. @ClauseHQ #agreementcloud #contractai — DocuSign (@DocuSign) May 27, 2021 Clause Joins DocuSign to Advance Smart Agreements Founder/CEO, Peter Hunn writes on his company’s blog: Clause started five years ago with the vision that contractual agreements should be computable records, not simply PDFs. They should be able to pass data to, and receive data from, external sources such as critical business systems, and become an integrated part of IT infrastructure, not stored in Dropbox or Google Drive. This vision […]

NetDocuments to Accelerate Growth with Strategic Investment from Warburg Pincus

NetDocuments, has announced it has entered into a definitive agreement to receive a significant investment from Warburg Pincus, a leading global growth investor, along with existing investor Cove Hill Partners, L.P. (“Cove Hill”). Warburg Pincus is acquiring Clearlake Capital Group, L.P.’s (“Clearlake”) interest in NetDocuments. Warburg Pincus’ investment alongside Cove Hill will support the Company’s continued rapid growth and innovation. Terms of the transaction were not disclosed. For more than two decades, NetDocuments has delivered innovation through its world-class content services and productivity platform. NetDocuments is used by over 3,150 professional services firms and corporate legal departments and recently announced […]

Aussie LegalTech Startup Goes Global With COVID-19 Diagnosis Tool

An Australian startup is demonstrating how its software, built to automate complex legal documents, can improve COVID-19 decision-making. Rulestar has converted a complex, static flowchart from an academic article into a dynamic online tool designed for anyone to use. Their automated COVID-19 diagnosis tool is made available online for demonstration purposes through the Rulestar website (see Rulestar was inspired to build this new product by seeing frontline workers stretched beyond capacity in devastated countries like the USA and India. “We looked up what’s involved in triaging a potential Coronavirus patient: the logic isn’t simple”, says David Lipworth, Rulestar’s Managing […]

Class actions boom and Nuix could find itself on the hit-list

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%. On Friday 21 May 2021 its share price closed at $3.53.  The company’s half year results (to December 2020) revealed negative revenue growth of -3.9% on the previous corresponding period. On an annualised basis contract revenue was trending at 3% growth. A fall in revenue and massive loss in value for its IPO investors […]

Netdocument’s vision to be for legal

NetDocuments cloud-based content services and productivity platform for law firms, corporate legal teams, and compliance departments, has announced unprecedented growth in Q1 2021 (1Q21), continuing its record setting sales momentum. 1Q21 was a record first quarter for new customer acquisition representing 27% growth over the previous largest Q1, and the biggest non-Q4 quarter on record. This translates to 196% bookings growth year- over-year (YoY) vs. 1Q20, and 337% growth in new bookings from existing customers compared to the same quarter last year. Most notably, the company continued its record growth within the small-medium law firm segment, recording 84+% growth, and […]

triSearch named the legaltech Start-up of the year

triSearch has been named as the Start-up of the year award winner in the Law category at the Australian Digital Technology Awards. The Australian Digital Technology Awards recognises Australia’s leading and up-and-coming digital businesses. The Awards cover 5 technology categories; Law, Accounting, Mortgages, Real-estate and Wealth & SMSF. There were 8 finalists named in the Law category, with triSearch being named the winner under the Start Up of The Year. triSearch CEO Taylah Allen commented on the win with “It’s fantastic to be recognized for such a prestigious award. triSearch has a great story and it is amazing to be […]

Josef raises $2.5m to make legal services accessible

No-code platform Josef raises $2.5m to transform inaccessible legal services Australian legaltech platform Josef has announced a $2.5m funding round to continue their vision of transforming inaccessible and complex legal services. The round, led by Sydney’s Carthona Capital and including US investors The LegalTech Fund, brings Josef’s funding to $3.5m.  Josef is a no-code software platform that empowers lawyers and legal professionals to automate legal tasks, including lawyer-client interactions, sending emails, generating legal documents and providing legal guidance and advice. Users can automate document drafting, build bots to handle client interviews, triage paperwork or execute NDAs and instantly generate personalised […]

LawMaster named a finalist in the inaugural Australian Digital Technology Awards 2021

LawMaster has been recognised as a finalist in the Australian Digital Technology Awards 2021. The Australian Digital Technology Awards recognises Australia’s leading and up-and-coming digital businesses across a range of industries including Mortgages, Law, Wealth and SMSF, Accounting and Real Estate. LawMaster ranked 2nd within the Law Category, attesting to LawMaster’s success as a leader in legal technology developing intelligent and comprehensive practice management software solutions for sophisticated, commercial legal enterprises. With over 30 years’ experience, LawMaster’s fully integrated functionality is designed for complex and interrelated matter management, improves visibility and automated administrative tasks to upgrade law firm performance and […]

Actionstep & Konekta Announce Integration with PEXA

Practice management software platform, Actionstep, announces its integration with PEXA – Australia’s ground-breaking digital property settlement solution – built by integration partner, Konekta.   The integration allows property lawyers and conveyancers to create and control elements of PEXA workspaces and settlement processes from within Actionstep matters. As another pathway to PEXA, property lawyers and conveyancers stand to gain the benefits and efficiencies of digital settlements through Actionstep with the ability to create workspaces, set settlement date, send invitations and more.  Now live in Queensland, where the majority of the state’s digital settlements are completed online via PEXA, Chris Collinge, Managing Director of bytherules, said, “Since we started using the new Actionstep integration with PEXA, it’s provided us with 5-6 mins savings per matter. It’s also given us the confidence that once we have captured the correct client data in the matter, this will flow through to the PEXA workspace without us […]