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software company with products for contractmanagement, virtual deal rooms and electronic signatures. In November 2020, Onit acquired McCarthyFinch , provider of a suite of AI-driven contractmanagement software, then, a month later, it acquired AXDRAFT , developer of contract automation software.
Major financing news today, as LinkSquares , the Boston-based company that provides an AI-powered contractmanagement and analysis platform, said it has raised $100 million in Series C financing, less than a year after raising a $40 million Series B round, and bringing its total raise to $161.5
software company with products for contractmanagement, virtual deal rooms and electronic signatures. In November 2020, Onit acquired McCarthyFinch , provider of a suite of AI-driven contractmanagement software, then, a month later, it acquired AXDRAFT , developer of contract automation software.
Out of 65 products named in this year’s awards, just two legal technology products made the cut: Evisort , a company that provides AI-driven contractmanagement for legal, procurement, sales, finance and IT teams; and Onit , a company that provides enterprise workflow products for corporations and corporate legal departments. .
This is among the findings of a new survey of in-house lawyers commissioned by the contractmanagement company ContractWorks and conducted by the U.K.-based Although the majority of U.S. based research company Censuswide. Read about ContractWorks on the LawNext Legal Tech Directory. The survey of 250 in-house lawyers in the U.S.
With his contract-management company having just raised $40 million in Series B funding, Linksquares cofounder and CEO Vishal Sunak is aiming for some big goals, including “to build legal tech solutions that simply weren’t possible before.”. He was previously a guest on the show in the episode posted on June 2, 2020.
253 with 1,800% revenue growth from 2017-2020. Ranked a Leader in G2’s Relationship Indexes for ContractManagement, Contract Lifecycle Management Software, and Contract Analytics. Also within the past year, LinkSquares: Debuted on the Inc. 5000 at No.
The release of this product follows Onit’s acquisition in November 2020 of McCarthyFinch, provider of a suite of AI-driven contractmanagement software, followed a month later by its acquisition of AXDRAFT , developer of contract automation software.
Positioning itself as offering a simpler and more affordable AI-driven contractmanagement system for mid-market corporate enterprises, startup Lexion has raised $11 million in an oversubscribed Series A round. They’re putting a lot of requirements, gathering process management, change management into the mix.
In November, the company introduced its AI-based platform Precedent , for automating legal and business processes, and two AI products for contract lifecycle management, ReviewAI and ExtractAI. It acquired SimpleLegal in May 2019, four months after private equity firm K1 Investment Management invested $200 million in the company.
This is a live blog post of Microsoft’s Trusted Advisor Forum on Innovation webinar on 17 June 2020. Microsoft had planned for a live, onsite, in-person event on 4 March 2020. As with all my live posts, please forgive any typos or errors of understanding. I post this as the session ends. The full description of the event is below.
Upload 10,000 contracts today and nearly instantly visualize critical contract data and key metrics. That is what contractmanagement company Evisort says its customers can now do with the launch today of its new Intelligent Dashboarding. In January 2020, it raised a Series A funding round of $15 million.
The percentage of firms planning to increase their technology investment rose slightly this year, from 60% in 2020 to 63%. Asked about the technologies that helped them get through the pandemic, nearly all respondents said that they increased their use of one or more of these: Document management. Contractmanagement.
253 with 1,800% revenue growth from 2017-2020. Ranked a Leader in G2’s Relationship Indexes for ContractManagement, Contract Lifecycle Management Software, and Contract Analytics. Also within the past year, LinkSquares: Debuted on the Inc. 5000 at No.
Here are some key statistics from the 2020 Legal Trends Report: · 85% of law firms used software to manage their operations. · Difficulty in tracking contractmanagement stages. Here’s how businesses can thrive in this evolving environment, especially in what appears to be a semi-permanent hybrid work model.
He was formerly executive chairman of McCarthyFinch, developer of a suite of AI-driven contractmanagement software that Onit acquired in 2020 , and before that was CEO of e-discovery company DiscoverReady, which Consilio acquired in 2018. Schellhase is no stranger to the legal industry.
With his contract-management company having just raised $40 million in Series B funding, Linksquares cofounder and CEO Vishal Sunak is aiming for some big goals, including “to build legal tech solutions that simply weren’t possible before.” He was previously a guest on the show in the episode posted on June 2, 2020.
More than four years later, Levine has built an international team of inhouse legal professionals, implemented governance standards, put in place compliance policies, set up processes for contractmanagement and legal operations, and much more.
From 2020 to 2021, American Lawyer reported the greatest YoY increase in commitment to diversity among major law firms since 2001. from 2019 to 2020. Supporting a diverse, equitable, and inclusive workplace is finally becoming a top priority across the legal industry. Growth is slow but steady. AI is just another form of automation.
With the new challenges that 2020 has brought, this is more vital than ever. Read Also – How to use Legodesk to automate contractmanagement? ROI and ownership cost Let’s face it: no matter which workflow automation option you consider, the bottom line is the return on investment and the cost to your company.
And then goes into the process of what he would want to know if he was just starting with contractmanagement in that category. Well, the funny thing is the other book, the one that I wrote myself started back in 2020, before this one was even kind of a project. What’s happening? So it kind of starts there.
Registered as legally blind, Feargus MacDaeid struck up an unlikely friendship with Nigerian migrant Nnamdi Emelifeonwu – when the pair worked together at law firm Freshfields Bruckhaus Deringer – that would see the pair develop technology that has now been proven to give lawyers significant daily time savings when working on contracts.
With the new challenges that 2020 has brought, this is more vital than ever. Read Also – How to use Legodesk to automate contractmanagement? ROI and ownership cost Let’s face it: no matter which workflow automation option you consider, the bottom line is the return on investment and the cost to your company.
Former Palantir engineering leaders James Ding and Emre Ozen teamed up with Ozan Yalti , a Stanford Law graduate who has practiced at top global firms like Clifford Chance, to found the company in 2020. They recognized that contracts are inherently data-rich.
After the global switch to remote work in 2020–2021, there was a 600% surge in cybercrime. Solution Using the right contractmanagement software provides a secure environment that can only be accessed by those with the correct user permissions. On the one hand, this prevents the IT department from properly protecting data.
He was the Chair of the Corporate Counsel Section from 2020 - 2022, currently serves as the Chair of the Section’s Technology Committee and was the 2012-2013 Chair of the State Bar of Texas Computer & Technology Section. He has also been admitted to practice before the United State Supreme Court. Jason earned his B.A.
Della’s platform launched in January (2020), but it is already being used by small and large law firms across multiple countries and several large multinational corporations. Last year, Della launched a partnership with Wolters Kluwer to provide Della to their contractmanagement platform customers.
And then goes into the process of what he would want to know if he was just starting with contractmanagement in that category. Well, the funny thing is the other book, the one that I wrote myself started back in 2020, before this one was even kind of a project. What’s happening? So it kind of starts there.
Traction: We have 30+ solo and small law firm subscriptions since coming out of a soft launch in December 2020. Founded: 2/20/2020. Traction: Clause Logic completed closed alpha and beta pilots with positive validation from customers in 2020. Founded: 4/1/2020. Founded: 9/1/2020. Founded: 5/1/2020.
Traction: We have 30+ solo and small law firm subscriptions since coming out of a soft launch in December 2020. Founded: 4/1/2020. Founded: 9/1/2020. Founded: 5/1/2020. Elevator pitch: Welcome to Dashboard Legal, a collaboration and project management tool built for attorneys. Founded: 2/1/2020. Clearbrief.
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