LexIQ, an early-stage startup focused on using artificial intelligence to draft and review contracts in Microsoft Word, is today launching its waitlist for corporate legal departments and law firms interested in joining is beta program.
Founded by Samarth Gupta, a computer engineer and data scientist who most recently worked at EY as a…
Last week, 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, already an Agiloft investor, is making an additional investment, and another growth equity firm,…
This has been a notable year for BriefCatch, a legal technology company devoted to helping legal professionals improve their legal writing. It started nine months ago, with the company’s raise of a $3.5 million seed round, continued with its roll outs of new products and features, and…
Today on the LawNext PR podcast, Assembly Software CEO Daniel Farrar joins Bob Ambrogi to discuss today’s launch of NeosAI, a suite of AI-powered features integrated directly into the Neos case management platform.
“NeosAI is designed to enhance efficiency, streamline processes, and elevate productivity by embedding AI technology directly into Neos…
Last September, two litigation-focused Canadian legal technology companies, CiteRight and Jurisage, announced their merger, with the promise of combining CiteRight’s litigation drafting program with Jurisage’s AI technology to create an integrated legal research and drafting solution.
Now, in the first application to result from that merger, CiteRight is today launching AI Insights by Jurisage,…
Last week, I reported here that researchers at Stanford University planned to augment a study they released of generative AI legal research tools from LexisNexis and Thomson Reuters, in which it found that they deliver hallucinated results more often than the companies say in their marketing of the products.
The study came under criticism…
LexisNexis Legal & Professional said today that it has entered into an agreement to acquire Henchman, a Belgium-based contract drafting legal technology company.
LexisNexis said it is acquiring the company for its document management system that enable faster document drafting. It say its technology enriches a law firm’s internal work product,…
I am running out the door, but this news just broke. Here is the unedited announcement:
KKR, a leading global investment firm, today announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft (“the Company”), a trusted global leader in data-first contract lifecycle management (“CLM”). As…
Legal editing software company BriefCatch has expanded its management team with the hiring of three legal technology veterans to key positions.
The hires follow the company’s raise last year of $3.5 million in an oversubscribed seed round.
At the time of the raise, founder and CEO Ross Guberman said the company would…
In a move designed to expand its products for online dispute resolution, the American Arbitration Association has acquired ODR.com, a company that builds ODR systems, and its parent company, Resourceful Internet Solutions Inc. (RIS), which also owns Mediate.com, Arbitrate.com and Ombuds.org.
The companies said that the immediate focus of…
Document management company iManage and legal research company vLex now have something else in common besides brand names that start with lower-case letters.
The two companies today announced a partnership that will combine the artificial intelligence and docket-monitoring tools of vLex with the knowledge assets and client and matter folders that a law…
Stanford University will augment the study it released last week of generative AI legal research tools from LexisNexis and Thomson Reuters, in which it found that they deliver hallucinated results more often than the companies say, as others have raised questions about the study’s methodology and fairness.
The preprint study by Stanford’s RegLab…
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