Wordsmith AI Launches Doc Review ‘Reports’
Artificial Lawyer
JANUARY 22, 2025
Edinburgh-based legal tech startup, Wordsmith AI, has launched Reports, a new capability for doc review and due diligence (DD) exercises, which can reduce the time.
Thirdfort Buys Homeppl In Latest Legal Tech M&A Deal
Artificial Lawyer
FEBRUARY 10, 2025
Client due diligence platform Thirdfort, which started out focused on property transactions, has acquired Homeppls rental check system. The acquisition supports Thirdforts strategy to expand.
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Everything You Should Know About AI Legal Tech
Percipient
JANUARY 20, 2025
What Are The Benefits of Adopting AI-Powered Legal Tech? So, we’ve compiled some of the best reasons why integrating AI into your legal workflows is worth it: AI Can Help You Save So Much Time One of the biggest advantages of AI-powered legal tech is how much time it saves. Ready to see how it works?
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How Online Research Transforms Legal Due Diligence
Legal Tech Monitor
AUGUST 17, 2023
Open Source Intelligence (OSINT) equips legal professionals with the tools to gather relevant information across the internet, streamline research requests, and achieve exceptional victories. In this blog, we share practical use cases [More]
Linklaters launches ReportiQ, a “genuinely end-to-end” due diligence platform
Legal Tech Monitor
MARCH 15, 2023
Following two years of process mapping, planning and development, Linklaters has launched due diligence platform ReportiQ, which manages the due diligence process from scanning a data room to generating a.
Women of Legal Tech: Julie Saltman
Law Technology Today
SEPTEMBER 7, 2023
The Legal Technology Resource Center ’s Women of Legal Tech initiative is intended to encourage diversity and celebrate women in legal technology. She has worked with startups and entrepreneurs in the legal tech space, and written articles on legal tech and regulatory tech.
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Legaltech Due Diligence: Evaluating Cloud and AI Software
Legal Tech Monitor
OCTOBER 17, 2023
My past Daily Record articles can be accessed here. ** Legaltech Due Diligence: Evaluating Cloud and AI Software Technology is evolving at a pace never before seen. She is an ABA Legal Rebel, and is listed on the Fastcase 50 and ABA LTRC Women in Legal Tech. Here is my recent Daily Record column.
Product insights: Legl’s CDD Assist leverages gen AI to save 10-15% of time on client due diligence
Legal Tech Monitor
NOVEMBER 3, 2023
UK-headquartered client payments and compliance software provider Legl is saving clients around 10-15% of time in their client due diligence checks by using a generative AI ‘smart layer’ to surface.
Wolters Kluwer Launches Bank Failures Toolkit: Due Diligence, Risk, Communications and a Litigation Tracker
Legal Tech Monitor
MARCH 30, 2023
Wolters Kluwer Legal & Regulatory U.S. One week after the collapse of Silicon Valley Bank, Wolters Kluwer posted a free publicly available resource Due Diligence Checklist.Since March 17 th they have added five addition resources to a suite of tools referred to as the Bank Failures Toolkit.
Due Diligence Strategies Under Hong Kong's New Cryptocurrency Rules
Legal Tech Monitor
MARCH 13, 2023
Under new rules going into effect June 1, 2023, the Hong Kong cryptocurrency market will be opened to retail investors, while cryptocurrency exchanges are required to obtain virtual asset service provider, or VASP, licenses.
The Growing Role of Legal Tech in M&As and Fundraising
Legal Tech Monitor
APRIL 27, 2023
Legal’s role in shaping and maintaining an organized and thorough process enables the organization to successfully and efficiently manage the due diligence process and tees up the strongest negotiating position possible.
Navigating the Legal Tech Space as an Investor: A Marketing & Sales Perspective
Legal Tech Monitor
MARCH 14, 2023
It is important to conduct your own due diligence on the background of the founder and leadership team, their practical knowledge of the legal industry, marketing and sales resources employed and the message they are sending through their content and tech stack.
Ireland’s Legal Tech Conference Will Take Place on 29th November
Legal Tech Blog
NOVEMBER 17, 2022
La Touche Training , Ireland’s Legal Training company, announced the Legal Tech Conference 2022, taking place on 29th November in Croke Park, Dublin, Ireland. The Legal Tech Conference is a well-known event for all things related to legal technology and eDiscovery in Ireland and globally.
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The Future of Legal Tech: How Technology Is Transforming the Business of Law
MatterSuite
OCTOBER 27, 2023
E-discovery solutions , a significant part of legal tech, were estimated to be a multi-billion-dollar industry. This transformation is encapsulated by the burgeoning field known as “legal tech,” a fusion of legal expertise and cutting-edge technology.
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Outgoing CEO Avaneesh Marwaha Says Litera Has Redefined the Legal Market During His Tenure
LawSites
APRIL 22, 2022
It was a surprise to many in the legal technology community when the legal tech company Litera announced this week that Avaneesh Marwaha was stepping down as CEO and into a new role as chairman of the company’s board of directors. Marwaha had briefly served as Microsystems’ CEO before becoming head of the combined entity.
The Latest in AI and Legal Tech News for Lawyers: July 2024
Clio
JULY 16, 2024
Orbital Witness —a UK-based startup that creates AI-powered software to help accelerate legal due diligence and client reporting—recently announced a collaboration with First Title Insurance, part of the First American Financial Corporation, to offer an insurance-backed accuracy guarantee for a legaltech AI product.
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Johannes Scholtes: AI Is Finally Here. Now the Hard Work Begins for the Legal Industry (TGIR Ep. 191)
3 Geeks and a Law Blog
FEBRUARY 22, 2023
For more insights from Jan Scholtes, visit his blog, Legal Tech Bridge. Marlene Gebauer 12:06 So Jan, you’ve written about how AI can be used to improve the due diligence process for m&a deals. So, you know, there’s a lot of AI tools out there for m&a due diligence right now. God made me famous.
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Senate FISA Hearing Spotlights International Compliance Concerns
Legal Tech Monitor
JUNE 13, 2023
"Due diligence can be different for different entities around the world," said Snell & Wilmer cybersecurity partner Aloke Chakravarty.
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Digital Transformation in Knowledge Management: Where Were We 5 years ago and Where Are We Now?
Legal Tech Monitor
APRIL 12, 2023
From : Blog Entry >> Brian’s Blog Entry Please enjoy this blog posted on behalf of the author, Jack Shepherd, Legal Practice Lead, iManage. 2018 perhaps marked the peak of the first wave of interest in AI in the legal industry. That year marked a decision point for many law firms: what was their long-term knowledge strategy?
AltaClaro Raises $2.5M to Expand Its Experiential Training Platform for Lawyers
LawSites
MARCH 29, 2022
The financing round was led by Bryce Catalyst , a legal tech fund whose founding partner Cary Burch is the former chief innovation officer of Thomson Reuters. Bryce also recently invested in legal technology platform Reynen Court. Other legal tech companies in its portfolio are dealcloser and due diligence company Vital4.
How Attorneys Can Use Legal Data for Legal Recruiting
Attorney at Work
JULY 14, 2021
Now, with the rising availability and affordability of litigation data due to demonstrable growth in the legal tech ecosystem, law firms of any size can use data to add legal recruiting to their toolkit as a way to find new business opportunities. Developing a Data-Driven Approach to Legal Recruiting.
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Navigating Rapid Change: How AI Empowers Legal Teams to Stay Ahead
MatterSuite
AUGUST 28, 2023
This blog examines AI’s impact on the legal field, empowering legal teams to lead. It also underscores the role of legal tech. The Need for Speed and Precision The legal realm deals with complex documentation and research demands. By staying at the forefront of AI integration and legal tech adoption.
Customizing AI To Specific Legal Practice Areas
Legal Tech Monitor
JANUARY 24, 2024
To develop genuinely equitable AI-driven solutions, the responsible use of AI requires due diligence and commitment to fairness. The post Customizing AI To Specific Legal Practice Areas appeared first on Above the Law.
Federal Court Suspends Florida Attorney Over Filing Fabricated Cases Hallucinated by AI
Legal Tech Monitor
MARCH 14, 2024
Based on this, the committee found that Neusom had not only failed to exercise the reasonable due diligence required of an attorney, but that his conduct went “beyond a lack of due diligence as some of his legal authorities were completely fabricated.”
24 Voices for 2024: Report on Legal Tech Trends in AI & Automation
ABA TECHSHOW
FEBRUARY 15, 2024
The Rise of AI in Legal Lawyers and legal teams are increasingly captivated by the vast possibilities AI holds, not only due to its broad appeal but also because of its potential to enhance their work lives and job satisfaction.
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ChatGPT and the legal industry… according to ChatGPT
CEE Legal Tech
JANUARY 20, 2023
One is by providing automated legal research and document generation, which can save time and improve accuracy. Another is by using natural language processing to analyze legal documents and extract relevant information, which can be useful for contract review and due diligence.
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Wolters Kluwer Offers Free Bank Failures Toolkit for Corporate Counsel
Legal Tech Monitor
MARCH 31, 2023
Due Diligence Checklist , which sets out what to look for and what to ask about when conducting your own due diligence on a bank. Risk Exposure Checklist , outlines the process for determining your risk and identifying any financial or legal obligations that may be impacted by a bank failure.
Relativity Branches Out Into Contract Analysis with New Relativity Contracts
Legal Tech Monitor
AUGUST 21, 2023
Today at ILTACON in Orlando, the e-discovery company Relativity announced the launch of Relativity Contracts , a tool for contract analysis and due diligence review integrated within RelativityOne, the company’s cloud platform.
Kira, Litera’s Contract Review Software, Gets ‘Smart Summaries’ Feature Driven By Generative AI
Legal Tech Monitor
AUGUST 15, 2023
Now Kira, which was acquired in 2021 by Litera , is employing the newest wave of generative AI to help legal professionals accelerate the process of due diligence and other forms of contract reviews. The summary appears in the worksheet tab.
Launching Today: Traact Is An All-in-One, ‘Tech First’ Platform for Managing Corporate Legal Functions
LawSites
NOVEMBER 8, 2023
Because all the corporate data is kept in Traact, it can easily be dragged and dropped into the deal room for due diligence. “Think about how much you’re spending on each of those point solutions to really get your legal tech stack across the board, right,” Choi said. ”
Ep 057: Jeroen Plink, CEO, Clifford Chance Applied Solutions
LawNext podcast
DECEMBER 9, 2019
After leaving Practical Law, Plink focused on providing strategic guidance as a board member and senior advisor to legal tech startups. He is currently on the board of the legal research startup Casetext and he has also served on the boards of Compliance.ai, a regulatory data and predictive analytics company, and Kira Inc.,
Josh Blandi
Colin S. Levy
MARCH 7, 2023
My background as an entrepreneur and in the finance and legal spaces have propelled me to what I’m doing now in legal tech. We serve a diverse group of clients across a range of industries, including legal, insurance, finance, investigations, and news media, each with their own unique use cases for leveraging legal data.
Law School Lessons
Colin S. Levy
MARCH 7, 2023
How legal tech can help you be a better lawyer. Legal tech is not a fad that is going away. Again, you need to know how to evaluate their financials and related documentation to assist with the due diligence process. You want to be and need to be able to be empower your clients.
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Why Are we Paying for That? 10 Tips and Techniques for Taming a Library Budget and Optimizing ROI
Legal Tech Monitor
MARCH 8, 2024
The legal tech market is bursting with innovative new Generative AI products. This reinforces the message that you are monitoring the legal tech landscape on their behalf. We have all been confronted with an invoice which prompts us to pause and wonder “Why are we paying for that?” Creating practice group accountability.
Four Best Practices for Evaluating Legal AI Solutions
Law Technology Today
MARCH 22, 2023
Fortunately, there are some easy steps that corporate legal departments can take to help vet the effectiveness and utility of an AI solution before it ever reaches your processes or employees. Proper due diligence is also critical – talk to a prospective AI vendor’s salespeople and ask them any and every question the crosses your mind.
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Legal AI Tools
Lawmatics
JANUARY 23, 2024
Additionally, the legal tech landscape is dynamic, and new tools may emerge over time. Consequently, legal professionals should carefully review the terms of use and features of each tool to determine their suitability for specific needs.
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Why Are we Paying for That? 10 Tips and Techniques for Taming a Library Budget and Optimizing ROI
Dewey B Strategic
MARCH 8, 2024
The legal tech market is bursting with innovative new Generative AI products. This reinforces the message that you are monitoring the legal tech landscape on their behalf. We have all been confronted with an invoice which prompts us to pause and wonder “Why are we paying for that?” Creating practice group accountability.
How do we build ethical Artificial Intelligence (AI)?
Legal Tech Innovation Wales
OCTOBER 7, 2022
Therefore, the only LegalTech that lawyers tend to adopt are the ones with minimal risks such as tools for e-discovery, due diligence, document management systems etc. Since most of the AI systems do not guarantee a 100% accuracy rate, lawyers are apprehensive to use AI based LegalTech.
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NLP Text Summarisation in the Legal Sector
Legal Tech Innovation Wales
DECEMBER 1, 2022
With an ever-growing pile of cases and long hours, who would have the time to peruse the latest court decisions or comb through documents for due diligence purposes? It is at this juncture junior associates with a panache for writing summaries make an appearance.
Launching Today: Traact Is An All-in-One, ‘Tech First’ Platform for Managing Corporate Legal Functions
Legal Tech Monitor
NOVEMBER 8, 2023
Because all the corporate data is kept in Traact, it can easily be dragged and dropped into the deal room for due diligence. Think about how much you’re spending on each of those point solutions to really get your legal tech stack across the board, right,” Choi said.
Few Legal Professionals Using Or Planning to Use Generative AI So Far, LexisNexis Survey Finds
Legal Tech Monitor
MARCH 21, 2023
Understanding new legal concepts, 31%. Conducting due diligence, 12%. Across the board, legal professionals express concern with the ethical implications of generative AI on the practice of law. Writing emails, 36%. Drafting documents, 35%. Streamlining work. 29% Improving work quality, 28%. Document analysis, 22%.
You Can’t Have Legal GRC Optimisation Without Data Management Improvement?
Legal Tech Blog
DECEMBER 8, 2022
With this in mind, firms must work to perform due diligence and audits on all partner vendors, vetting data and security controls and evaluating them against legislation. Der Beitrag You Can’t Have Legal GRC Optimisation Without Data Management Improvement erschien zuerst auf Legal Tech Blog.
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Reflections on ReInvent Law Silicon Valley @ 10 Years – Part 3
LawSites
MARCH 10, 2023
Similarly, the lineup of speakers may not seem remarkable in 2023, because many of them went on to become quite famous in legal tech circles. But when they were all collected in the same room at RLSV, it became a Moment. In 2017, Nicole obtained one of the top 11 verdicts in Illinois.
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Reflections on ReInvent Law Silicon Valley @ 10 Years – Part 3
Legal Tech Monitor
MARCH 10, 2023
Similarly, the lineup of speakers may not seem remarkable in 2023, because many of them went on to become quite famous in legal tech circles. But when they were all collected in the same room at RLSV, it became a Moment. In 2017, Nicole obtained one of the top 11 verdicts in Illinois.
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