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As I survey the legal profession broadly, and the world of legaltech and innovation specifically, I see uncertainty and inertia. It is as if we are serving time in a legaltech limbo. After all, it was a good year for the legaltech industry. Overall, the legaltech industry saw unprecedented growth.
Related: “8 Legal Practice Areas Growing in 2021 and Beyond” Documentautomation levels up. For example, firms using a manual search-and-replace process to create new documents can quickly realize productivity gains with documentautomation while avoiding common editing errors.
Around the same time, MyCase acquired Woodpecker , which provides legaldocumentautomation software for solo and small law firms. However, PitchBook , a service that tracks private equity deals, shows that MyCase acquired 100% of CASEpeer on March 31, 2021, in a deal backed by Apax. Its founder and CEO is Alex Melehy.
As I survey the legal profession broadly, and the world of legaltech and innovation specifically, I see uncertainty and inertia. It is as if we are serving time in a legaltech limbo. After all, it was a good year for the legaltech industry. Overall, the legaltech industry saw unprecedented growth.
The Belgium documentautomation company ClauseBase has launched a major expansion of its product to add new capabilities for clause extraction, AI-powered document review, and automated proofreading, all with the goal of providing an all-in-one platform, within Microsoft Word, for contract drafting, reviewing and negotiating.
This feature words in tandem with two other features Clio already offered – its built-in rules-based calendaring that came after it acquired CalendarRules in 2021 and its automated preparation of court documents for all 50 states using its documentautomation product Lawyaw, which it also acquired in 2021.
Help pick the 15 legaltech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. We then will move into the institutional space: large trust companies, legaltech (WealthCounsel, Clio, etc.), Demo video: [link] Founded: 2/9/2021, San Rafael, California [HQ], Chicago, Illinois.
The use of tech in law firms has increased from advances in AI-powered solutions to the proliferation of practice-specific tools like contract lifecycle management tools or practice management software to operational tools like CRMs and billing software. What is the LegalTech Industry? Is LegalTech a Growing Industry?
Dru Armstrong was named CEO of AffiniPay , the parent company of LawPay , in July 2021. One reason that deal was so notable was that, until then, LawPay had been the legaltech equivalent of Switzerland – a neutral integration partner with virtually every practice management platform out there.
LawSites also broke the news in July that MyCase had acquired case management platform CASEpeer and documentautomation company Woodpecker. and with that, what we want to communicate with our rebrand is that our mission is to fundamentally shift the standard for legal technology,” Nettimi said during that interview.
Dru Armstrong was named CEO of AffiniPay , the parent company of LawPay , in July 2021. One reason that deal was so notable was that, until then, LawPay had been the legaltech equivalent of Switzerland – a neutral integration partner with virtually every practice management platform out there.
Law practice management company Clio said today that Lawyaw, the documentautomation software it acquired in 2021, will now be called Clio Draft. It also sets us up to enhance the future capabilities of legaldocument innovation by consolidating and centralizing our efforts.
But, amidst the explosion of interest in legaltech software that has generated since the coronavirus pandemic, Smokeball has made some serious moves, including taking on $30 million in investment in early October to promote its further development and growth. (I love the smell of precedent in the morning.)
This announcement follows two other recent rebrandings of legal technology companies: Documate’s rebranding as Gavel on Jan. Zola Suite Also to Rebrand As part of the company’s new brand strategy, Zola Suite, the cloud legal practice management platform it acquired in July 2021 , will rebrand to CARET Legal effective Feb.
Dru Armstrong was named CEO of AffiniPay , the parent company of LawPay , in July 2021. One reason that deal was so notable was that, until then, LawPay had been the legaltech equivalent of Switzerland – a neutral integration partner with virtually every practice management platform out there.
Similarly, for document storage, 50% use consumer products such as Dropbox or Google Docs, while only 6% use legal-specific products such as NetDocuments or iManage. One topic this survey explored that I have not seen before in other surveys is the impact of mergers and acquisitions among legal technology companies.
Traction: We have three paying mid-sized customers and have pilot negotiations underway with Microsoft’s and Facebook’s in-house legal departments. Founded: 7/6/2021. From launch, we closed our first customer in December 2021. Founded: 4/1/2021. Outside funding: $1M – $5M in outside funding. Analytica Legalis.
The Belgium documentautomation company ClauseBase has launched a major expansion of its product to add new capabilities for clause extraction, AI-powered document review, and automated proofreading, all with the goal of providing an all-in-one platform, within Microsoft Word, for contract drafting, reviewing and negotiating.
Help pick the 15 legaltech startups that will get to compete at the seventh-annual Startup Alley at ABA TECHSHOW 2023. Fundamental to our success is a fine-grained data model (many thousands of concepts) derived from decades of legal, commercial, and technical experience. Read this startup’s detailed application.
This feature words in tandem with two other features Clio already offered – its built-in rules-based calendaring that came after it acquired CalendarRules in 2021 and its automated preparation of court documents for all 50 states using its documentautomation product Lawyaw, which it also acquired in 2021.
During this time, Blaine Korte, with his extensive tech and legaltech background, started Fidu with an emphasis on documentautomation. Our journey with Clio epitomizes the power of integrated legaltech platforms. At that moment, the Fidu you know today was born.
In an exclusive LawNext podcast interview with Dru Armstrong , CEO of AffiniPay, and Jim McGinnis , CEO of MyCase, Armstrong said that LawPay had been looking to expand beyond payments ever since she joined as CEO in July 2021.
In previous episodes of this podcast, we interviewed students who took part in this program in 2021 and 2022. Paradigm , home to the practice management platforms PracticePanther , Bill4Time , MerusCase and LollyLaw ; the e-payments platform Headnote ; and the legal accounting software TrustBooks.
We discussed Clio’s greater focus on midsized law firms, its impending launch of generative AI, its roll-out of features for legal aid providers, and its rebranding of its Lawyaw documentautomation software.
Traction: We have three paying mid-sized customers and have pilot negotiations underway with three large enterprise in-house legal departments. Founded: 7/6/2021. From launch, we closed our first customer in December 2021. Founded: 4/1/2021. Founded: 3/15/2021. Outside funding: $1M – $5M in outside funding.
TheFormTool’s CEO spoke at the 2023 Access to Justice Summit and has been consulting with the Oklahoma Access to Justice Foundation on some automation ideas. Other well-regarded documentautomation programs include Woodpecker , which was acquired by MyCase in 2021, and Lawyaw , which was acquired by Clio in 2021.
Help pick the 15 legaltech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. We then will move into the institutional space: large trust companies, legaltech (WealthCounsel, Clio, etc.), Demo video: [link] Founded: 2/9/2021, San Rafael, California [HQ], Chicago, Illinois.
During Reihl’s sixteen years at LexisNexis he witnessed many innovations such as the nearly universal adoption of iPhone and other mobile products, cloud computing, and documentautomation, but the speed a acceleration around Generative AI tool like GPT 4.0, So that’s the level of currency.
First, I list the 15 most popular posts of 2021, listing only posts first published during 2021. In both cases, the rankings are based only on 2021 traffic, not all-time traffic. Top 15 of 2021 – First Published in 2021. California Becomes 39th State To Adopt Duty Of Technology Competence (March 24, 2021).
First, I list the 15 most popular posts of 2021, listing only posts first published during 2021. In both cases, the rankings are based only on 2021 traffic, not all-time traffic. Top 15 of 2021 – First Published in 2021. California Becomes 39th State To Adopt Duty Of Technology Competence (March 24, 2021).
Listen on mobile platforms: Apple Podcasts | Spotify Twitter: @gebauerm , or @glambert Voicemail: 713-487-7821 Email: geekinreviewpodcast@gmail.com Music: Jerry David DeCicca Transcript Greg Lambert 0:07 Welcome to The Geek in Review the podcast focused on innovative and creative ideas in the legal industry.
Listen on mobile platforms: Apple Podcasts | Spotify Twitter: @gebauerm , or @glambert Voicemail: 713-487-7821 Email: geekinreviewpodcast@gmail.com Music: Jerry David DeCicca Transcript Greg Lambert 0:07 Welcome to The Geek in Review the podcast focused on innovative and creative ideas in the legal industry.
In 2021, I think. I thought really addressing we talked about some of the tools that we use, you know, intranet, experience, matter management, automation, documentautomation process automation, but the topic that I think we spent more time on than anything else, knowledge banks.
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