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In what is clearly a major milestone for Milestones , a legaltech company whose product provides law firm clients with automatic updates on their cases, it has closed a $2.1 million seed round and is rebranding as Hona to reflect the broader scope of its product’s capabilities. What do you want to convey to them?'”
Using legal data for strategic law firm planning is no longer reserved for BigLaw. A great example of how firms can use short-term trends to shore up their practices and prepare for downturns comes from the dramatic decline in bankruptcy cases filed in 2020.
the company that tried to revolutionize the way people work, filed for bankruptcy on Monday in a New Jersey courthouse. Continue reading → The post WeWork Filed for Bankruptcy: Ex-CEO Adam Neumann “Disappointed” first appeared on Trellis.Law Blog. WeWork Inc.,
We need a plan to make legal help available to all, one that leverages ethical innovation and technology, along with regulatory reform and education. In short, as I argue in my book Law Democratized , we need a blueprint for solving the justice crisis. Regulatory Reforms.
Gyi and Conrad each own marketing agencies serving law firms, predominantly personal injury, bankruptcy, family, and immigration, and bring their insights from that work to share with listeners on the Lunch Hour Legal Marketing Podcast.
The once favourite bank for start-ups is now facing bankruptcy, Silicon Valley Bank (SVB) has been making waves in the economic and financial news over the past couple of months.
No, we’re not talking about using Bankruptcy software to break into a new area of law (although that has value). Investing in LegalTech No matter what approach a firm takes to prepare for economic uncertainty, one thing is clear—technology can help. We never recommend simply throwing money at software companies.
The SEC’s latest suits against crypto companies underscore the growing volume of work for Big Law in advising the industry in litigation, enforcement, restructuring, bankruptcy work and lobbying.
Bankruptcy matters had the highest WIP (10.9) Another KPI covered in the report was the work-in-progress (WIP) rate, which compares the ratio of the total number of active matters to the total number of matters closed over a certain period of time.
In his day job, Jonathan Pyle is the contract performance officer at Philadelphia Legal Assistance, where he is responsible for compliance, reporting, and implementing new uses of technology to analyze, streamline, and expand service delivery.
The adversary proceeding in Delaware bankruptcy court accused the founder and others of “abus[ing] their control over the FTX Group to commit one of the largest financial frauds in history.”
Code-named Ross, the AI uses IBM’s Jeopardy -nailing Watson to scour massive amounts of case law and legal docs in seconds to produce answers to legal questions. Dentons is not new to embracing legal technology. A Siri for lawyers, as the student-startup founders describe it.
From : Blog Entry >> Maureen’s Blog Entry The catchy take-away from the Thomson Reuters “ 2024 Report on the State of the US Legal Market ” is that law firm leaders who don’t respond to the shifts in the legal market in the past 15 years may share a destiny with Pan Am. For those who recall Pan Am, it’s a vivid illustration.
In his day job, Jonathan Pyle is the contract performance officer at Philadelphia Legal Assistance, where he is responsible for compliance, reporting, and implementing new uses of technology to analyze, streamline, and expand service delivery.
It found that the practice areas with the highest WIP rates are bankruptcy, immigration and personal injury, while those with the lowest are employment and traffic. By practice area, the average per-case number of reminders sent was highest in personal injury and bankruptcy, and lowest in family law and matrimonial.
Unfortunately, some legal professionals have been reluctant to adopt these innovations. However, legaltech’s benefits are impossible to ignore and this cannot be disputed. Technology advancements are altering how people work.
Most recently, on March 2, the new managers at FTX told the Delaware bankruptcy court they had identified a deficit of $8.9 The cases are largely filed in Delaware bankruptcy court, but actions have been filed in state and federal courts nationwide. billion in customer funds that cannot be accounted for.
For example, if your firm handles both family law and bankruptcy law, you might want to segment your family law and bankruptcy leads so that you can send targeted content based on subject matter. This input can feed into blogs or newsletter topics, like “Things I Wish I Knew Before Filing for Bankruptcy.”
Learn more about it at the LawNext Legal Technology Directory. and only for specific practice areas: bankruptcy, business, contracts, criminal, disability, DUI, estates, family, immigration, IP, labor, litigation, personal injury, real estate, tax, and traffic.
. • Transactional practices, which fueled much of the legal market’s growth in recent years, have seen demand slowing in favor of counter-cyclical practices. Counter-cyclical practices, such as litigation, bankruptcy, and labor & employment, tend to perform better in difficult economic conditions.
Some presenters talked about how they were running their operations in a way most would believe to be impossible – a family law or consumer bankruptcy practice where they do not answer the phone. Lee is a bankruptcy attorney (or, as she likes to call it, a debt and credit strategy attorney) and is licensed in California and North Dakota.
Like, someone sees an opportunity to improve bankruptcy law, and they build a tool that’s for bankruptcy lawyers. Quite a lot of the technologies are being produced by really vendors to solve a discrete problem, right? And someone sees an opportunity to provide some algorithm for policing.
The following year, IAALS honored Rohan Pavuluri, CEO and co-founder of Upsolve, for his pioneering efforts in harnessing technology to assist individuals without legal representation in filing for bankruptcy for free.
The Report notes that litigation and bankruptcy work are on the rise, and corporate and M&A work is waning. Clients have become more involved in directing how work is being done by outside counsel and what’s being charged for it. Most in-house lawyers predict substantial increases in regulatory work in the future.
Stay tuned for some inside baseball on creating a legaltech startup and the path that took Matt from practicing attorney to founder of MyCase and, eventually, Lawmatics. Matt Spiegel is an attorney and entrepreneur in the legaltech space. I'm Louis Goodman, the host of the show, and yes, I'm a lawyer. Nobody's perfect!
Like, someone sees an opportunity to improve bankruptcy law, and they build a tool that’s for bankruptcy lawyers. Quite a lot of the technologies are being produced by really vendors to solve a discrete problem, right? And someone sees an opportunity to provide some algorithm for policing.
Editor’s note: The following guest post is a response to my recent post, The Justice Gap in LegalTech: A Tale of Two Conferences and the Implications for A2J. Bob Ambrogi recently contrasted the efficiency and elegance of legal-tech tools available in the corporate sector with those designed for the civil justice system.
It works like Amazon’s product tags, where a user can search for a specific area of law, such as patent law, and then choose between various services such as advice, registration, transactional, dispute, or bankruptcy services. And but we’re also going to talk about legaltech music and more. We are we are longtime fans.
Editor’s note: The following guest post is a response to my recent post, The Justice Gap in LegalTech: A Tale of Two Conferences and the Implications for A2J. Bob Ambrogi recently contrasted the efficiency and elegance of legal-tech tools available in the corporate sector with those designed for the civil justice system.
Silicon Valley Bank (SVB) has been a pillar of support for startups in the tech industry, providing them with financial resources, guidance, and networking opportunities. However, the bank is currently facing a crisis that could have significant implications for startups such as legaltech startups in Silicon Valley and beyond.
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