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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Above the Law - Technology

Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.

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LTRC Roundtable Discussion: ChatGPT

Law Technology Today

As with all AI enabled technology, the data behind the tech will determine how useful the tech becomes. DB: I can imagine ChatGPT features being licensed to companies like LegalZoom, practice management software providers and legal drafting software providers. It worries me.