Compared to Thomson Reuters, Casetext is a relatively small company with relatively minimal revenue, and one that effectively refocused its product strategy over the past year, launching its generative AI product CoCounsel just four months ago.
So why did TR shell out a record $650 million in cash to acquire Casetext? That was the…
When LexisNexis launched its Lexis+ premium legal research service in 2020, the service included Brief Analysis, its answer to a line of products pioneered by legal research company Casetext with its CARA brief analysis tool and followed by companies such as Thomson Reuters and Bloomberg Law. Last year, LexisNexis expanded that to add…
Rumors had been swirling that Thomson Reuters was about to acquire Casetext, and they proved to be true.
Just before 9 p.m. Eastern time today, TR said it had signed a definitive agreement to acquire Casetext for $650 million cash.
“The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent…
In what appears to be a first for a state bar association, The Florida Bar is providing each of its 110,000 members with free access to legal trust accounting software – a move its new president believes will help attorneys better comply with trust accounting requirements and better protect the public from trust violations.…
A federal district judge has imposed monetary and other sanctions on the two lawyers who filed a brief laden with bogus cases they found when they relied on ChatGPT for legal research.
In the case of Mata v. Avianca, the judge ordered the lawyers, Peter LoDuca and Steven A. Schwartz, as well as the law…
“This episode is one for the record books.” – Stephanie Wilkins, editor-in-chief of Legaltech News.
“This has been a honey pot of a session!” – Michelle Spencer, lead product marketing manager, NetDocuments.
Between skewering the poor lawyer who filed bogus cases in court that he found on ChatGPT and pondering the grizzly question of…
A new generative AI product for immigration lawyers announced today is designed to help them conduct research, draft and summarize complex legal documents, and engage with potential clients through a chat interface.
Called Visalaw.ai Gen, the product has been developed as a collaboration between the company Visalaw.ai, the technology affiliate of the immigration law…
ECFX, a company that automates the downloading and distribution of filings in federal and state court cases, has taken a $7 million minority growth investment led by Growth Street Partners, with additional participation from The LegalTech Fund, which specializes in investing in innovative legal technology companies, Cove Fund, and other existing investors.…
Every great trial lawyer will tell you that the key to success in litigation is finding the story in a case. But when a case involves mountains of digital evidence, finding that story isn’t always easy or economical. That’s the problem the global legal services firm Novus Law aims to address.
Marking its…
The legal technology company Casetext celebrates its 10th anniversary today. In a blog post the company published today, it describes itself as “a ten-year overnight success.” That sums it up well. Like many startups, its path to success has taken it on detours along the way. The company it started as in 2013…
Time and advice, Abraham Lincoln famously said, are a lawyer’s stock in trade. If so, then the two most important tools in a law practice may just be the calendar and the document management system. Through the calendar, the lawyer manages time, and through documents the lawyer dispenses and memorializes advice.
Given this, the recently…
One of the hottest sectors of the legal tech market these days is contract lifecycle management, or CLM. But Evan Wong believes that, for many inhouse legal teams, CLM is not necessarily the best route for them to streamline workflows. Rather, he believes workflow automation is often the better way for legal teams…
Robert Ambrogi Blog
