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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Above the Law - Technology

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 asset management firm, making Elite a standalone legal technology business.

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TPG to Acquire Majority Stake in Thomson Reuters Elite

Legal Tech Blog

The Elite business provides financial and practice management solutions to the world’s leading law firms, helping customers automate and streamline critical finance and accounting workflows. TPG has a history of investing in software companies that address the unique needs of vertical markets.

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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Legal Tech Monitor

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 asset management firm, making Elite a standalone legal technology business.

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LexisNexis Acquires Case Law Analytics

Legal Tech Blog

According to LexisNexis, the company now supports 6,000 users, within insurance companies, law firms, legal departments and human resources.

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Four Best Practices for Evaluating Legal AI Solutions

Law Technology Today

Leveraging AI-enabled technology solutions can help corporate legal teams and their organizations generate boundless efficiencies and new insights into their existing business practices. AI continues to capture the imagination of the legal industry – as well it should.

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Jason Smith

Colin S. Levy

He was recognized as a Global Leader and Influencer in Legal Business by the Association of International Law Firm Networks and was also named to the Fastcase 50 class of 2017, which recognizes the law’s smartest, most courageous innovators, techies, visionaries, and leaders.

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LTRC Roundtable Discussion: ChatGPT

Law Technology Today

As with all AI enabled technology, the data behind the tech will determine how useful the tech becomes. Do you envision law firms becoming less dependent on newer attorneys and legal assistants as ChatGPT and its successors mature? AP: Not really.