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The 10 Legal Tech Trends that Defined 2021

LawSites

Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. Whereas 2020 ended with great promise for regulatory reform, 2021 ends with little further progress on that front – and even retreats to some extent. I should be more optimistic.

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What’s 2021 Been Like for Legal Tech Companies? Consider Evisort, which Doubled its Revenue

LawSites

The company, which provides AI-driven contract management, is today releasing a year-end report that reveals that it has doubled both its revenue and headcount in 2021. But this story of record revenues is one I am hearing frequently. It would be naïve to suggest that every legal technology company thrived this year.

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First-of-its-Kind App and Companion Website Provide Foster Youth Information on their Legal Rights

Above the Law - Technology

with funding from a 2021 Legal Services Corporation Technology Initiative Grant , FosterPower is designed to empower the more than 20,000 children in Florida’s child welfare system with information about their rights. She kept hearing from youth that it would be better for them if the guide was online.

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On LawNext: The New Beneficial Ownership Reporting Requirement and How Legal Tech Can Help Companies Comply

LawSites

The new requirement, which came about as part of the federal Corporate Transparency Act of 2021, means that many companies will now have to report information about their beneficial owners — the individuals who ultimately control the company.

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Cybersecurity Trends: 25% of Law Firms Have Been Breached

Attorney at Work

What We Learned in 2021. In December 2021, Dave Ries, a frequent co-presenter with the authors, wrote an excellent summary of the cybersecurity portion of the ABA’s 2021 Legal Technology Survey Report. ABA Formal Opinion 498, “Virtual Practice” (February 2021). Who’s In Charge of Cybersecurity? Ries here.).

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Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

LawSites

When people hear the word paradigm, they typically think of paradigm shift. MerusCase Adds Rules-Based Calendaring Through Integration With CalendarRules (July 20, 2021). PracticePanther Now Has Native E-Signatures (June 3, 2021). LawNext: How One Company Aims to Change the Paradigm for Law Practice Management (May 24, 2021).

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JusticeText Raises $2.2M Seed Round to Advance Its Mission of Building Police Accountability

LawSites

Since the formal launch of the product in 2021, is now being used in more than 50 public defender agencies, the company says. “Hearing stories of how attorneys have used JusticeText to save hours reviewing discovery and secure dismissals for their clients has reaffirmed all the reasons we started this company to begin with.”