As a solo myself, I can tell you that there is much to be said for practicing on your own – freedom and independence not least among them. In fact, during 2022’s “Great Resignation,” a third of lawyers who quit their jobs did so to start their own solo practices, according to Legal Trends…
Passive Timekeeping Can Earn A Lawyer An Extra $22K A Year, MyCase Data Analysis Shows
Let’s face it, hourly billing is cursed in so many ways. But for the lawyers who bill by the hour, perhaps the greatest curse is simply have to keep track of their time. That is why several companies in recent years have developed passive timekeeping tools for lawyers — tools that keep track of a…
Is ChatGPT Up To the Task of Formatting Bluebook Legal Citations?
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…
6 Essential Emails Your Law Firm Should Be Sending
Email communications are a cornerstone of running a modern law firm. According to the American Bar Association, 41% of law firms use email marketing. As one of the most commonly used law…
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…