Starting this year, many companies will be required to report information about their beneficial owners — the individuals who ultimately control the company. With that new requirement come new products to help companies and their legal counsel comply. I reported on one of these last month, and now there is another.
Promising ‘Cruelty-Free’ E-Discovery, Beagle Raises $3M Seed Funding Round
Beagle, a company that says it is harnessing the power of native AI to make e-discovery “cruelty free,” has raised $3 million in a seed funding round.
The round was led by ML Capital and supported by other investors including Davidovs Venture Collective (DVC) fund and Hugging Face’s co-founder Thomas Wolf.
Beagle says that,…
Today on Legaltech Week: The Panel’s Post-Mortem on Legaltech Week, and the Week’s Other Top News
Today on Legaltech Week, live at 3 p.m., the panelists will share their impressions of Legaltech Week, which wrapped up yesterday. I’ll also talk about another legal tech conference I attended this week, the Legal Services Corporation’s Innovations in Technology Conference. Of course, we’ll also talk about any other notable news this week from the…
Practice Management Company Clio Says It Will Heighten Its Focus On Mid-Sized Law Firms
The legal technology company Clio, which started 16 years ago as a law practice management platform tailored to solos and small firms, said this week that it will now heighten its focus and investment on technology for mid-sized law firms of more than 20 employees.
“In an era where technological advancement defines business success, mid-sized…
TermScout Launches Screens, First-of-its-Kind Marketplace for Lawyers to Build and Sell Contract Review AIs
TermScout, an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise.
The marketplace, called Screens, provides lawyers with an opportunity turn their expertise from a service into a product, while at…
On LawNext: How the American Arbitration Association embraced Generative AI, with CEO Bridget McCormack and CIO Diana Didia
One year ago, Bridget Mary McCormack, the former chief justice of the Michigan Supreme Court, took over the helm of the American Arbitration Association, the largest private provider of alternative dispute resolution services in the world, as its president and chief executive…
Clearbrief Partners with LexisNexis, Enabling Access to Lexis Legal Content While Using Clearbrief in Word
The AI-driven legal drafting tool Clearbrief has entered into a partnership with legal research company LexisNexis Legal & Professional that provides its customers who are also Lexis subscribers with access to legal content and citations on Lexis while drafting documents within the Clearbrief add-in for Microsoft Word.
With this new integration, Lexis subscribers…
Courtroom Insight Launches Comprehensive Lawyer Directory with Detailed Data on Work, Schools and More
Courtroom Insight, a platform for law firms and legal organizations that, until now, tracked information on judges, arbitrators and expert witnesses, is expanding to add a comprehensive lawyer directory.
The directory, which will be accessible only to Courtroom Insight customers, builds on the company’s existing model by aggregating private internal data, dynamically updated proprietary…
ILTA Announces A New Two-Day Conference In April, ILTA EVOLVE, Focused on Gen AI and Cybersecurity
The International Legal Technology Association, whose ILTACON conference in the United States and ILTACON Europe in London are must-attend events for many in the legal technology industry, announced yesterday that it is adding a new annual conference to its roster, called ILTA EVOLVE.
It appears that ILTA EVOLVE is the successor to a previous…
Money for Legal Tech: Two Big Financings this Week (and One Little One)
This week brought notable funding rounds for two legal technology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup.
Proof Raises $30M Series BProof Technology, whose platform facilitates on-demand service of process and electronic filing, has closed a $30.4 million Series B funding round. The round was led…
Florida Bar Ethics Opinion OKs Lawyers’ Use Of Generative AI, But With Cautions
A new ethics opinion from The Florida Bar says that lawyers may ethically use generative AI technologies, provided they are careful to adhere to their ethical obligations.
The opinion also urges lawyers to continue to develop competency in the use of new technologies such as AI and the risks and benefits inherent in those…
New AI Tool for Patent Lawyers, davinci, Promises Better Patents In Half The Time
A new intellectual property tool debuting today uses artificial intelligence to draft patents and office action answers in order to deliver — as its website puts it — “better patents in half of the time.”
Called davinci, the tool was developed by Kili Technology Inc., a company founded in 2018 in France that…