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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 legaltechnology business.
LexisNexis announced the acquisition of Case Law Analytics , a French legaltech company specializing in the modeling of legal risk using artificial intelligence. The solution makes it possible to simulate the possible outcomes of litigation proceedings in more than twenty legal areas covering civil law, business law, social law.
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 legaltechnology business.
Advances in legal software are rapidly transforming the future of legaltechnologies. Solutions leveraging automation, AI, and cloud platforms are reshaping law practices of all sizes. Small law firms occupy a unique position where owners must balance legal practice and business ownership.
AI continues to capture the imagination of the legal industry – as well it should. Leveraging AI-enabledtechnology solutions can help corporate legal teams and their organizations generate boundless efficiencies and new insights into their existing business practices.
Jason Smith has over 25 years of experience as a practicing attorney (both firm and in-house) and legaltechnology consultant. He focuses on emerging technology trends and innovation in the legal profession and has received the Award of Merit from the State Bar of Texas for service to the legaltechnology community.
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