Bob Ambrogi

Last month, KKR, a major global investment firm, announced that it had entered into an agreement to acquire a majority stake in Agiloft, the contract lifecycle management company. As part of the deal, the growth equity firm FTV Capital

Mark O’Brien, who cofounded the innovative access-to-justice organization Pro Bono Net together with Michael Hertz 25 years ago, and who has been its executive director since 2005, is stepping down from the organization Sept. 1. 

In an email this morning to Pro Bono Net supporters, O’Brien said he is leaving “to embark…

In its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and limitations of the specific generative AI technology the lawyer might use.

In…

With hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average accuracy on legal research tasks. 

Paxton also today released a new Confidence Indicator feature that…

The global legal technology company Litera said today that it has acquired FileTrail, a leading provider of information governance and records management software for law firms, corporations and highly regulated industries.

Terms of the deal were not disclosed.

With the acquisition of the 24-year-old company, Litera expands its offerings in the areas of…

You have been hearing about it in the news, now see how it works. Last month, Henchman, a generative AI-driven platform that promises to deliver “the fastest contract drafting experience ever made,” announced that it was to be acquired by LexisNexis Legal & Professional. Just this week, LexisNexis said it had…

In reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete.

So I set about trying to come up with a more accurate…

As the law practice management company Clio today announced a record $900 million funding round, the largest ever for a cloud legal technology company, at a whopping $3 billion valuation, Clio’s founder and CEO Jack Newton joins LawNext for an exclusive podcast interview. 

In a conversation recorded last week,…

The law practice management company Clio today announced a record-setting raise of $900 million, at a valuation of a whopping $3 billion, in an oversubscribed Series F investment round that the company says will accelerate its ability to continue to build and develop its multi-product platform and expand its market both to larger firms…

The law practice management platform Rocket Matter this week rolled out the next generation of its software, a “reimagined” version of the product that emphasizes flexibility and customization to meet the varying needs of different law firms and different practice areas.

When it launched in 2008, Rocket Matter was one of the first of…

The law practice management company Clio today unveiled Clio Accounting, providing legal-specific bookkeeping and accounting as an add-on to U.S. customers of its Clio Manage platform.

I have not had an opportunity to see a demonstration of it, but Clio said in an announcement that it includes features to sync information from Clio Manage…

In a further expansion of the CoCounsel AI legal assistant it acquired last year through its purchase of Casetext, Thomson Reuters today unveiled CoCounsel Drafting, a document drafting tool that works within Microsoft Word and that leverages both the generative AI capabilities of CoCounsel and the practical content of Practical Law.

Launching today in…