Mon.Jun 26, 2023

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The Rumors Were True: Thomson Reuters Acquires Casetext for $650M Cash

LawSites

Rumors had been swirling that Thomson Reuters was about to acquire Casetext, and they proved to be true. Just before 9 p.m. Eastern time today, TR said it had signed a definitive agreement to acquire Casetext for $650 million cash. “The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, the development of new generative AI experiences across its p

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The Illinois Biometric Privacy Act: A Comprehensive Guide to BIPA Litigation

Trellis.Law Blog

Introduction to Biometric Privacy Laws in the United States There are three states with independent laws on biometric privacy: Illinois, Texas, and Washington. However, out of these three, only Illinois grants the authority for private individuals to take legal action.… Continue reading → The post The Illinois Biometric Privacy Act: A Comprehensive Guide to BIPA Litigation first appeared on Trellis.Law Blog.

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In A First For A State Bar, Florida To Provide All Members With Free Trust Accounting Software To Help Ensure Compliance And Protect The Public

LawSites

In what appears to be a first for a state bar association, The Florida Bar is providing each of its 110,000 members with free access to legal trust accounting software – a move its new president believes will help attorneys better comply with trust accounting requirements and better protect the public from trust violations. The Florida Bar, the official regulatory and disciplinary arm of the Supreme Court of Florida, has entered into a relationship with the legal financial management company Not

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Breaking News: Thomson Reuters to Acquire Casetext

Dewey B Strategic

In the oddest of “odd couplings” Casetext which just celebrated their 10th anniversary is being acquired by Thomson Reuters. for more than $650M. Congrats to Casetext Co-Founders Jake Heller, Pablo Arredondo and Laura Safdie. Here is the press release from Thomson Reuters. TORONTO, June 26, 2023 –Thomson Reuters Corporation (“Thomson Reuters”) (NYSE / TSX: TRI), a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California-based

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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AI In Legal Industry: What’s More In The Store?

CaseFox

In the ever-changing landscape of the legal industry, technology is becoming a prominent part. Amidst this whirlwind of innovation, artificial intelligence is standing out as a transformative technology. The legal industry is experiencing a technological revolution. Technology and advanced tools have changed the way the legal industry operates. Artificial intelligence is emerging as a game changer for various industries, and the legal industry is no exception.

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Webinar – Generative AI: The End of Lawyers or a New Era?

Artificial Lawyer

On July 11th at 10AM PDT (6PM UK time) legal AI expert and legal tech founder Daniel Lewis will be in conversation with myself, Richard Tromans of Artificial Lawyer, for this special webinar on the…

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Oregon Legislature Passes Consumer Privacy Act

Inside Privacy

On June 22, 2023, the Oregon state legislature passed the Oregon Consumer Privacy Act, S.B. 619 (the “Act”). This bill resembles the comprehensive privacy statutes in Colorado, Montana, and Connecticut, though there are some notable distinctions. If passed, Oregon will be the twelfth state to implement a comprehensive privacy statute, joining California, Virginia, Colorado, Connecticut, Utah, Iowa, Indiana, Tennessee, Montana, Texas, and Florida.

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Justia Ask A Lawyer by the Numbers: First Quarter 2023

Justia Legal Marketing & Technology blog

Justia Ask A Lawyer is a free question-and-answer forum that connects people with real legal questions to basic answers from real lawyers. Through the platform, users can anonymously submit their legal questions. Lawyers can offer preliminary information and guidance that can help users better understand the law and the next steps. Questions and the answers provided also remain publicly available on the Justia site, allowing them to serve as a resource for future visitors.

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What are the top legal technology trends in 2023?

Legal IT Professionals

As legal IT specialists and a full-service iManage Partner, Tiger Eye support customers to work efficiently and boost productivity, delivering solutions for every step of the document and email journey. Introduction As a trusted advisor to law firms around the world, we are often asked what the key trends are in the legal technology space – and how firms can seize new opportunities presented by new technologies.

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Thomson Reuters acquires legal research challenger Casetext for $650m

Legal IT Insiders

Thomson Reuters Corporation has signed a definitive agreement to acquire legal tech research challenger Casetext for $650m cash. Founded by CEO Jake Heller in 2013 with a view to democratising … Thomson Reuters acquires legal research challenger Casetext for $650m Read More » The post Thomson Reuters acquires legal research challenger Casetext for $650m appeared first on Legal IT Insider.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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The Illinois Biometric Privacy Act: A Comprehensive Guide to BIPA Litigation

Legal Tech Monitor

Introduction to Biometric Privacy Laws in the United States There are three states with independent laws on biometric privacy: Illinois, Texas, and Washington. However, out of these three, only Illinois grants the authority for private individuals to take legal action. Continue reading → The post The Illinois Biometric Privacy Act: A Comprehensive Guide to BIPA Litigation first appeared on Trellis.Law Blog.

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Thomson Reuters Corporation Signs Definitive Agreement to Acquire Casetext for $650 million cash

Legal IT Professionals

Thomson Reuters Corporation, a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash.

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The Rumors Were True: Thomson Reuters Acquires Casetext for $650M Cash

Legal Tech Monitor

Rumors had been swirling that Thomson Reuters was about to acquire Casetext, and they proved to be true. Just before 9 p.m. Eastern time today, TR said it had signed a definitive agreement to acquire Casetext for $650 million cash. “The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, the development of new generative AI experiences across its product

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4 reasons why client portal software is a good idea for law firms

NSLT

Have you ever worked with client portal software? Even if you haven’t, it’s possible you soon will — especially now with more attorneys working remotely and many clients wanting to avoid going into the firm’s office for meetings. For many firms, client portals are now the go-to solution for working and communicating with clients. It allows everyone to review things on their own time, wherever they may be.

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The Future Of Legal: Combining AI And Human Expertise For Improved Outcomes

Legal Tech Monitor

Humans must still be in charge of checking the results to validate accuracy. The post The Future Of Legal: Combining AI And Human Expertise For Improved Outcomes appeared first on Above the Law.

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11 Tips to Improve Your Legal Motion Practice

MatterSuite

In the complex realm of law, legal motions serve as powerful tools used by attorneys to advocate for their clients. Navigating the intricate web of rules and procedures governing the legal process. From seeking the dismissal of a case to obtain crucial evidence and motions enables parties. Legal professionals struggling to find the right tools to equip practice in the best efficient way is not something new.

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Thomson Reuters to Acquire Casetext for $650 Million Cash

Legal Tech Monitor

“The acquisition of Casetext is another step in our ‘build, partner and buy’ strategy to bring generative AI solutions to our customers,” said Steve Hasker, president and CEO of Thomson Reuters, in the press release.

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“Bad Internet?”: Disparaging and Unsubstantiated Claims in Comparative Advertisements

Pillsbury Law Internet and Technology blog

On May 5, 2023, the National Advertising Division (NAD) of BBB National Programs handed down its Final Decision in T-Mobile USA, Inc. v. Comcast Cable Communications Management, LLC. The NAD found that Comcast made several express and implied claims that were disparaging and/or unsubstantiated regarding T-Mobile’s home internet service, T-HINT, by way of television and online advertising.

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The Complete Guide to Litigation Management

Legal Tech Monitor

Recent reporting shows a looming crossroads for corporate legal departments, with 65% percent seeing an increase in matters while 59% are grappling with shrinking budgets. These findings make it clear [.] The post The Complete Guide to Litigation Management appeared first on Exigent.

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The Benefits of a Comprehensive Discovery Solution

Liquid Litigation Management, Inc.

Litigation can be challenging for any business, and effectively managing the most intrusive part—discovery—is crucial to achieving successful outcomes. It’s increasingly common for companies of all sizes to adopt comprehensive management solutions. Doing so yields wide-ranging benefits: improved collaboration among legal teams, reduced costs, and improved process efficiency.

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Conquering your firm's data mountain – part 1

Legal Tech Monitor

From : Blog Entry >> Denise’s Blog Entry All law firms have records – a lot of them. But it’s only recently that they’ve started to become seriously problematic, for a host of reasons, which is why firms now need help with systematic information retention and disposition. Cybercrime By far and away the biggest concern for law firms is the increased risk of cyberattack.

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4 reasons why client portal software is a good idea for law firms

NSLT

Have you ever worked with client portal software? Even if you haven’t, it’s possible you soon will — especially now with more attorneys working remotely and many clients wanting to avoid going into the firm’s office for meetings. For many firms, client portals are now the go-to solution for working and communicating with clients. It allows everyone to review things on their own time, wherever they may be.

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Butt-Dial Ends In Clerk’s Ouster

Legal Tech Monitor

Maybe take a second after hanging up to curse about the judge's decision. The post Butt-Dial Ends In Clerk’s Ouster appeared first on Above the Law.

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The right way to Secure Your computer data Online

CaseFox

It’s hard www.quickdataroom.com/3-reasons-why-organizations-need-a-secure-data-room/ to pass through a day with no reading with regards to a major data breach in the news, exposing millions of people’s personal information to criminals. These kinds of breaches are a daily reality for many businesses and consumers, although there are many things you can do to secure your computer data online.

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Class Action Lawsuit Hits Bryan Cave After Data Breach

Legal Tech Monitor

Bryan Cave Leighton Paisner's client Mondelez reported more than 51,000 employees' personal data was acquired in a data breach of the law firm.

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Webcast: What the New EU Digital Operational Resilience Act Means for the Insurance Sector

Debevoise Data Blog

On June 22, 2023, Robert Maddox, International Counsel, and Tristan Lockwood, Associate, delivered the latest instalment of the Debevoise London insurance industry webinar series, focusing on the European Union’s Digital Operational Resilience Act and what it means for the Insurance Sector. Topics included: The history and context of DORA; Management obligations and the role of the Board; Incident reporting, operational resilience testing, and third-party risk management requirements; and Buildi

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Deal Watch: Orrick and Fenwick Guide Generative AI Deal That Signals Future Use of Tech

Legal Tech Monitor

The legal community knows it will need to use generative AI to augment its work. But what data sets it uses in AI tools is still being worked out.

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Uh-Oh, the Ninth Circuit Is Messing Again With Its Roommates Ruling–Vargas v. Facebook

Eric Goldman

The Roommates.com case plays a critical role in the Ninth Circuit’s Section 230 jurisprudence. The (unnecessarily confusing) majority opinion suggested several exclusions to Section 230’s immunity, including these statements: “If you don’t encourage illegal content, or design your website to require users to input illegal content , you will be immune.

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LexisNexis Adds Extractive AI Deal Analysis Tool to Lexis+

Legal Tech Monitor

LexisNexis ® Legal & Professional is announcing new document analysis tools for transactional lawyers. space. The feature which is called “Agreement Analysis,” will streamline the manual tasks that accompany researching, negotiating, and finalizing transactional agreements. The product currently supports M&A transactions, including merger, stock purchase and asset purchase agreements, with more transactions coming in future releases.

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Drones and privacy: data protection risks

Legal IT Group

Unmanned flying aircraft (drones) have rapidly become a part of our lives during the last decade. Since the invention of modern prototypes of civil drones, almost everyone has had an opportunity to use drones for different purposes: making photos and videos, including commercial use for movies or television, security surveillance, logistics, agriculture, or even during military operations.

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Breaking News: Thomson Reuters to Acquire Casetext

Legal Tech Monitor

In the oddest of “odd couplings” Casetext which just celebrated their 10th anniversary is being acquired by Thomson Reuters. for more than $650M. Congrats to Casetext Co-Founders Jake Heller, Pablo Arredondo and Laura Safdie. Here is the press release from Thomson Reuters. TORONTO, June 26, 2023 –Thomson Reuters Corporation (“Thomson Reuters”) (NYSE / TSX: TRI), a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California-based

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Stop Calling It A ‘Slap On The Wrist’ Just Because The Media Hyped It Up More Than It Deserved

Above the Law - Technology

From Hunter Biden to the ChatGPT lawyers, when media deploy the phrase 'slap on the wrist,' prepare to take several grains of salt. The post Stop Calling It A ‘Slap On The Wrist’ Just Because The Media Hyped It Up More Than It Deserved appeared first on Above the Law.

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Data Remediation: The Critical, But Less Sexy Side of Cybersecurity

Legal Tech Monitor

Deleting large amounts of old information that was once important and still seems relevant can be a daunting task. Nonetheless, the benefits of data remediation for both law firms and corporations are immense and cannot be overlooked.

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Relativity Piloting GPT-4, Aiming to Rise Above 'All the Noise' Surrounding Generative AI

Legal Tech Monitor

“We all want to get [generative AI] out fast, because you feel like if you don’t, you have a bit of FOMO, right? But [we said], let’s not overtly take the bait. Let’s breathe through this and make sure that when we do deliver something, it’s of significant value that our customers can use and grow,” Phil Saunders, CEO of Relativity, told Legaltech News.

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Thomson Reuters acquires legal research challenger Casetext for $650m

Legal Tech Monitor

Thomson Reuters Corporation has signed a definitive agreement to acquire legal tech research challenger Casetext for $650m cash. Founded by CEO Jake Heller in 2013 with a view to democratising. Thomson Reuters acquires legal research challenger Casetext for $650m Read More » The post Thomson Reuters acquires legal research challenger Casetext for $650m appeared first on Legal IT Insider.