As other legal technology companies have rushed to release products using generative AI, one of the largest, Thomson Reuters, has been unusually silent. It broke that silence slightly two weeks ago, when it announced plans to invest some $100 million a year in AI, including incorporating generative AI across its flagship products in the second…
New Clearview Social Feature Uses ChatGPT to Help Law Firms ‘Shuffle’ A Variety of Social Media Posts
Clearview Social, an application for law firms to help their lawyers share content on social media, has launched a new feature, Social Shuffle, powered by OpenAI’s ChatGPT, that automatically generates variations of a firm’s social media posts to “shuffle” the content the lawyers are posting.
The basic idea of Clearview Social is to allow…
Steno Raises $15M Series B As It Aims To Revolutionize Depositions and Litigation Support Services
Steno, a tech-enabled provider of litigation support services, whose flagship product, DelayPay, enables law firms to defer service costs until their case resolves, has closed a Series B funding round of $15 million, bringing its total raise to $38.5 million.
This latest round was led by Left Lane Capital. The round also…
First-of-its-Kind App and Companion Website Provide Foster Youth Information on their Legal Rights
A new first-of-its-kind app and companion website, called FosterPower, provide foster youth with comprehensive but easy-to-understand information about their rights to mental health care, education and legal protections.
Developed by Bay Area Legal Services, a nonprofit law firm in Tampa, Fla., with funding from a 2021 Legal Services Corporation Technology Initiative Grant,…
A Guide to Transforming Into A Virtual Law Firm
Transforming your law practice to go fully virtual requires careful planning and the right tools, says Annette Choti, a lawyer for more than two decades who now advises law firms on digital marketing and growth strategies through her company Law Quill.
“In order to create a successful virtual law firm, a lawyer needs to…
Roundup Of Legal Tech News from CLOC Institute: with News From Agiloft, Casepoint, ContractPodAI, Evisort, LinkSquares, LiquidText, Ontra, PERSUIT
The CLOC Global Institute, the conference of legal operations professionals now underway now in Las Vegas, has become a leading venue for legal technology companies to announce product news — particularly when that news relates to products that serve corporate legal departments and legal ops. This year has brought a slew of announcements of…
Most Law Firms Use Just Five or Fewer Unique Software Products, Smokeball Study Says
The majority of law firms use just five or fewer unique software products, according to a legal industry study published today by the law practice management company Smokeball.
The study, How Technology is Changing the Legal Industry in 2023, which surveyed law firms of 50 or fewer employees, finds that 77% of those firms…
On LawNext: Wolters Kluwer V.P. Abhishek Mittal on Data Management and Operational Excellence
As vice president, Data and Operational Excellence, at Wolters Kluwer, Abhishek Mittal is responsible for driving business transformation and new product innovation by embedding data-driven decision making in core operational processes. He leads a large global team of process engineers, design thinkers, data scientists and domain experts to develop expert solutions for both…
Aiming to ‘Radically Accelerate’ Contract Negotiations, ‘The Contract Network’ Comes Out Of Stealth Today, Led By Legal Tech Veteran
A new company coming out of stealth today, The Contract Network, aims to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations.
It is led by CEO Jim Wagner,…
CounselLink’s FastTrack Changes The Payments Paradigm, Paying Outside Counsel Within Two Days, While Inhouse Teams Get 90 Days to Review Invoices
A new product out today from the legal department management platform LexisNexis CounselLink could change the paradigm for how legal departments pay outside counsel, enabling law firms to receive payments within two days of initial invoice approval, while allowing corporations up to 90 days to more thoroughly review, process and fund the invoices.
CounselLink…
Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams
LexisNexis today announced the preview launch of Lexis Connect, a legal intake and matter management product that works within Microsoft Teams and uses conversational AI assistants to help deliver answers more quickly.
The product is being developed in partnership with Microsoft, and Microsoft’s Corporate, External and Legal Affairs (CELA) department has signed on as the…