This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The agencys enforcement action against Blackbauda cloud software provider serving nonprofits, healthcare organizations, and educational institutionsmarked a significant expansion of the Commissions approach to data security enforcement.
I recently spoke to two lawyers turned legal tech entrepreneurs about their early stage software companies. The software includes a traffic light indicator for availability (screenshot below), task allocation, a tendering system, and control dashboards. It embeds a process in software can help solve long-standing allocation problems.
Black discusses the wide ranging effects on the legal technology space from the pandemic across all corners of the legal technology world. The shift to remote work had a dramatic impact on both the practice of law and the business of law, resulting in the rapid—and singularly remarkable—adoption of technology at rates never before seen.
According to the Commission, SolarWinds cybersecurity controls were insufficiently robust to detect, prevent, or mitigate sophisticated cyber threats, leaving its Orion software exposed to infiltration. This lack of preparedness, the SEC argued, stemmed from critical lapses in the company’s security practices.
As a practicing attorney, I benefit every day from legal software designed to streamline the everyday lives of legal professionals. These are simply my observations of software developed to address specific fields of law. Practice-Specific Legal Software Solutions. Family Law Software. Let’s dive in!
Black has written throughout 2020 about cloud-based legal technology tools and their relevance to legal practices. Whether your law firm has already begun the shift to a cloud-based law practice or is planning to do so in the new year, you’ll undoubtedly find some or all of the software Black has covered over the past year to be useful.
According to a report by Zion Market Research, the global legal billing software market size was valued at approximately USD 849 million in 2020 and is expected to reach approximately USD 1,323 million by 2028, growing at a CAGR of around 5.8% Support: Finally, choose billing software that comes with excellent customer support.
The global legal billing software market size was valued at $1.23 billion in 2020 and is projected to reach $2.79 As a legal professional, managing your billing process can be a daunting task, and without a proper law firm billing software, it can take up a significant amount of your time and effort. from 2021 to 2028.
Around the same time, MyCase acquired Woodpecker , which provides legal document automation software for solo and small law firms. Gabriela Cubeiro , who cofounded the company, has been its CEO since January 2020. Woodpecker, based in Boston and founded in 2017, provides AI-enabled legal document automation software.
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
The Arizona Supreme Court — which in 2020 eliminated the longstanding ban on nonlawyer ownership of law firms — approved Nextpoint’s application to be licensed as an alternative business structure on April 18, 2023. Where the need is, really, is in the behind-the-scenes bench to support them.”
Josef , an Australia-based, no-code software platform that enables legal professionals to automate common tasks, has raised $2.5 Josef’s software enables legal professionals to automate legal tasks such as interacting with clients, sending emails, generating legal documents and providing legal guidance and advice.
Originally called ASG LegalTech, Paradigm was formed by Alpine SG (ASG), a software platform company backed by Alpine Investors. It began by acquiring Bill4Time in 2017, followed by PracticePanther in 2018, MerusCase in 2019, and Headnote in 2020. billion, making it the first law practice management company to achieve unicorn status.
the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.
The software that lawyers relied on to run their firms used to be premise-based, but as reported by Nicole L. Black , in 2021 cloud computing software is the most prevalent. In fact, even before the pandemic, lawyers were adopting cloud-based legal software at higher rates than ever before.
Goal-setting software company Objective Manager in July 2021. Firm intelligence company Foundation Software in January 2021. Litigation management platform Allegory Law in August 2020. AI contract drafting platform Bestpractix in June 2020. AI contract drafting platform Bestpractix in June 2020.
Last October, Intapp made news when it announced that it would no longer support on-premises technology and shift entire to the cloud, a move I described as “another nail in the coffin of on-premises legal software.” Its total revenues for 2020 were $186.9 million, an increase of 10% over the same period for 2020.
Even so, most firms plan to increase their budgets for technology and process software and adopt more cloud-based technologies, the survey reports. Nearly three-quarters (70%) said they will spend more on process improvements and roughly half (48%) plan to spend more on software. ” Download the full report from this page.
The Smokeball-LEAP-InfoTrack Group, which owns a number of legal practice management and legal search technology products, said today that it has acquired Phoenix-based LawLytics , a company that provides website management software for small law firms and solo practitioners. . market and is the future of legal marketing.
Cyndi Wheeler and Mark Pike offer some tips on how to do just that in this episode from 2020. Cyndi and Mark are both in-house lawyers at collaboration software company Slack. This episode originally aired on June 23, 2020. Are you interested in automating repetitive work tasks?
ChatGPT’s foundation goes back to the 80’s and 90’s with the development of certain language models required for a neural network (software inspired by the way neurons in animal brains signal one another) that can make sense of text required in AI. Times changed with GPT-3, released in 2020.
In March 2020, Asay moved to Litera, where she was a domain expert and advisor to clients on litigation. She joined Cornerstone through the company’s acquisition of Saba Software and was the executive leader for the integration of Saba and Cornerstone. After Asay moved to Litera, it acquired Allegory from Integreon.
in the DLT & Crypto-Assets Framework Simona Ramos EU Horizon 2020 MSCA BAnDIT Project: (advanced Blockchain Attacks and Defense Techniques): Grant Agreement 814284* A blockchain is a peer to peer distributed ledger that records transactions between two or more parties in a verifiable and permanent way by storing them into a sequence of blocks.
million in 1984 — and followed it through by sector to 2020. The data reveals that, from 1984 to 2020, legal tech funding totaled $12.3 But, as Blijd points out, its PDF software makes it one of the biggest players in legal tech. Note also that the second half of the video analyzes investments in GRC companies and products.).
Intaker was a participant in the 2020 Startup Alley at ABA Techshow (which I oversee). “Bringing Intaker and MyCase together is crucial for any firm that is either already using or thinking about taking advantage of these two powerful platforms,” said Pooya Abka , Intaker CEO and cofounder.
This groundbreaking concept of systemizing and optimizing a firm’s approach to non-hourly pricing through the use of a purpose-built software tool is an incredibly substantial innovation in the legal pricing space. Demo video: [link] Founded: 10/28/2020, Vancouver, BC, Canada Target customer: Solos, small and medium size firms.
They were funded by Reveal’s majority shareholder, the software investment firm, K1 Investment Management. IPRO made two notable acquisitions in recent years, first of the information governance company NetGovern in 2020 and then of the e-discovery company ZyLAB in 2021.
software company with products for contract management, virtual deal rooms and electronic signatures. In November 2020, Onit acquired McCarthyFinch , provider of a suite of AI-driven contract management software, then, a month later, it acquired AXDRAFT , developer of contract automation software.
Before cofounding Hence in 2020, West was global deputy CEO of Eurasia Group, a global affairs advisory firm, where he advised CEOs, general counsel and investors on geopolitical and legal risk. He is also a lecturer at the University of California, Berkeley, School of Law. We appreciate their support and hope you will check them out.
North Carolina-based TCDI , a company that provides e-discovery and cybersecurity software and services, has completed its acquisition of the e-discovery practice of London-based global professional services firm Aon.
It started as a court reporting agency that also offered non-recourse financing of deposition costs, and then in 2020 launched Steno Connect , its own web-based video conferencing technology specifically built for remote depositions and exhibit handling. Ever since its founding in 2018, Steno has been on a mission to disrupt depositions.
The average law firm attorney spends just 56% of their time practicing law, down from 58% in 2020. Most often to case management software, billing and invoicing software, and practice management software. Some of it is also going to non-legal specific tech, such as websites, hardware, and billing or accounting software.
Paradigm , home to the practice management platforms PracticePanther , Bill4Time , MerusCase and LollyLaw ; the e-payments platform Headnote ; and the legal accounting software TrustBooks. InfoTrack in the U.S. actually grew out of a company founded in Australia in 2012, when it was spun out of the LEAP law practice management platform.
The release of this product follows Onit’s acquisition in November 2020 of McCarthyFinch, provider of a suite of AI-driven contract management software, followed a month later by its acquisition of AXDRAFT , developer of contract automation software.
Firms that leveraged online payments , Client Relationship Management (CRM) software , and client portals reported stronger business performance during the pandemic and an overall greater volume of casework and revenue on a per-lawyer basis throughout 2020.
But in 2019 and 2020, these critical reminders went unseen. Redundant Reminders Patent attorneys use sophisticated software to track deadlines and send reminders through multiple channels, not just email. ? For nearly a decade, Taillefer relied on email notifications from his patent agent to remind him of fee payments.
million seed round in October 2020. that makes investments of $5 to $15 million in early growth stage B2B software companies. The financing follows the San Diego-based company’s raise of a $2.5 Matt Spiegel , cofounder and CEO, said Lawmatics aims to change the way lawyers drive business.
The law practice management company MyCase said today that it has acquired Docketwise , a software platform for immigration attorneys that provides case management, immigration forms, and client-relationship management. How It Works: MyCase, Practice Management Software that Enables Law Firms to Run from Anywhere.
In 2020 and 2021, your firm may have had to make quite a lot of changes quickly to meet the new remote normal. She was Co-Chair of the 2020 ABA TECHSHOW Planning Board. Those who shifted to hybrid or online systems in 2020 and 2021 should refine their systems to get to their next level. Here are ideas. Your time is valuable.)
million in seed funding in 2020 and its venture capital funding in 2019. FileTrail said it will integrate the Teravine Provident software with its governance policy suite of offerings. FileTrail said it will integrate the Teravine Provident software with its governance policy suite of offerings.
I first wrote about Athennian in 2020, when it stepped out of its stealth development mode to announce an $8 million CAD Series A investment, on top of a previously unannounced $2 million CAD seed financing round in 2019. . Fishman founded Jade in Atlanta in 2020. Nexl said the acquisition comes at a crucial period in its growth.
The legal technology company Litera has acquired Lynch Marks LLC, a California company that is the developer of PS/Ship , a provider of software for management of shipping and invoicing for law firms and professional services firms. Goal-setting software company Objective Manager in July 2021. company Workshare in July 2019.
Most importantly, you will want to familiarize yourself with the software and test it in advance to understand all of its functionality. However, just like web conferencing software, not all exhibit-sharing tools are created equal. 20, 2020)). Get Used to New File Types. City of Chicago, Case No. 17 C 5859 (N.D.
Marking its second acquisition this year, the cloud practice management company SurePoint Technologies has acquired Coyote Analytics , a company that provides practice management, financial management and business intelligence software for law firms. Coyote’s software is currently installed on premises.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content