A few days ago, The New York Times declared, “A.I. Is Coming for Lawyers.” With GPT-4 having passed the bar exam and legal tech companies launching AI-based legal assistants, it sometimes seems that the potential for AI in law is limitless. But what about that most basic of a lawyer’s tasks —…
Free Access Opens Today To Beta Version of Josef Q, Tool That Uses GPT To Easily Turn Policies Into Q&As
A few weeks ago, I wrote here about the imminent launch by Josef of the beta version of Josef Q, its new product that uses advanced AI to transform policies and regulations — such as those pertaining to privacy, data security, HR and procurement — into digital Q&A tools, so that employees or clients…
Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4
As the contract lifecycle management company Ironclad is today releasing its AI redlining tool AI Assist out of beta, is has revealed that the tool is powered by OpenAI’s GPT-4, making it what Ironclad says is the first contract redlining application powered by the latest version of Open AI’s generative AI.
“The results with AI…
Document Management Company iManage Says It Has Taken Strategic Growth Investment from Bain Capital
The document management company iManage has taken a strategic growth investment from Bain Capital Tech Opportunities in order to accelerate its organic growth and the continued evolution of its cloud-based platform, it said today.
This is a minority investment and iManage will continue to operate under the leadership of the existing management team,…
On LawNext: Revisiting the Fastcase Origin Story: Ed Walters and Phil Rosenthal on How Their Company Came To Be
With the news last week of the merger of legal research companies Fastcase and vLex, it seemed a good time to revisit our 2019 interview with the founders of Fastcase, Ed Walters and Phil Rosenthal. The occasion of this interview was the company’s 20th anniversary, and we recorded it live, on the exhibit hall floor, at…
Fastcase CEO Ed Walters Joins The Legaltech Week Live Panel At 3 ET Today To Discuss the Fastcase-vLex Merger
With the merger of Fastcase and vLex the biggest legal tech story of the week, Fastcase CEO Ed Walters joins our Legaltech Week panel live today at 3 p.m. ET to discuss the news with our regular group of legal tech journalists and bloggers.
We’ll also talk about Thomson Reuters’ sale of its…
With New Enterprise API, UniCourt Takes An API-First Approach To Providing ‘Legal Data As A Service’
When UniCourt was founded in 2014 to provide access to court data and analytics, APIs were an afterthought, cofounder Josh Blandi now says. The company’s original focus was on building an application to provide law firms and others with easy access to federal and state court records. But soon customers were asking for…
Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG
It is a day of major legal tech deals. 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…
On LawNext: 15 Years, 15 Lessons: Clio Founder Jack Newton On What He’s Learned About Building a Successful Company
In the 15 years since he and Rian Gauvreau cofounded the legal practice management company Clio in 2008, Jack Newton has learned a thing or two about what it takes to build a successful company. As its CEO since the start, Newton has overseen the growth of the company from fledgling…
In Major Legal Tech Deal, vLex and Fastcase Merge, Creating A Global Legal Research Company, Backed By Oakley Capital and Bain Capital
In a deal that will reshape the legal research and legal technology landscape on a global basis and threaten the longstanding “Wexis” legal research duopoly, the companies vLex and Fastcase today announced that they have merged into a single entity that they say will have the world’s largest subscriber base of lawyers and…
New CEO at SurePoint, Eric Thurston, Says His Focus Will Be On Customer Service And Company Growth
SurePoint, a company that provides practice management, financial and client relationship products for mid-sized law firms, today announced the appointment of a new CEO, Eric Thurston, a veteran business-transformation leader with more than two decades of experience scaling and leading high-growth software and services companies across several verticals, including legal.
Venture investor
Wolters Kluwer Offers Free Bank Failures Toolkit for Corporate Counsel
In the wake of the recent failures of Silicon Valley Bank and Signature Bank, Wolters Kluwer Legal & Regulatory U.S. has launched a new resource, intended for corporate legal departments, that provides a collection of guides and checklists to help companies avoid a bank failure and take action when a failure occurs, as well as…