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Clio, the world’s leading provider of legaltechnology, today announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines cutting-edge AI with the world’s most comprehensive global legalresearch platform.
To find the most useful legaltech trends that lawyers need to know, we reached out to top industry technologists, lawyers, legal professionals, and consultants. We asked them this question: What will be the most important legaltechnology trends (or challenges) for lawyers and legal professionals to follow in 2025?
In a landmark deal that will undoubtedly reshape the legal tech landscape, law practice management company Clio has signed a definitive agreement to acquire the AI and legalresearch company vLex for $1 billion in cash and stock.
Vals AI has put out an open call for legaltechnology vendors to participate in its legal AI benchmarking studies, including its upcoming evaluation of U.S. legalresearch tools. Readers may recall that, in February, Vals AI issued the first-of-its-kind benchmark study of legal AI tools.
Clio has signed a definitive agreement to acquire vLex , the global leader in legal intelligence that combines the world’s most comprehensive legalresearch platform with cutting-edge AI. It’s about transforming how legal work gets done. Today is one of those moments. It’s not just about transforming tools.
Brett Trout Introduction In a bold move that is shaking up the global legal tech landscape, Canadian legal practice management giant Clio has announced its acquisition of the AI-powered legalresearch platform vLex in a staggering $1 billion deal.
Tech proficiency in legal practice Additionally, paralegals should develop a deep understanding of legaltechnology, including AI systems, document management software , and legalresearch tools. As the industry evolves, paralegals who invest in skills like data analysis and legaltechnology will continue to excel.
Brett Trout In a significant decision for copyright law and legaltechnology, Judge Stephanos Bibas granted partial summary judgment in favor of Thomson Reuters, rejecting ROSS Intelligences fair use defense in a closely watched lawsuit over the use of Westlaws legal content.
It can also help with legalresearch, finding relevant case laws or statutes quickly without endless hours of manual searching. AI-Powered LegalResearch Tools AI legalresearch tools take the hassle out of finding case law, statutes, and precedents. The good news?
By leveraging AI and other technologies, law firms can uncover patterns and trends across vast datasetsturning raw information into actionable insight. And the legal industry is taking notice: according to the American Bar Associations 2024 LegalTechnology Survey Report , 47% of firms used legal analytics in the previous year.
Sign up for Clios Academic Access Program to gain valuable experience with legaltechnology and set yourself up for a successful legal career. Take advantage of professor office hours, legalresearch and writing centers, and career services to support your academic and professional journey. Check & adjust.
Handling time-consuming legal tasks. Document review, legalresearch , and contract drafting take time. The bottom line: AI empowers you to focus on high-value legal work by handling routine tasks efficiently. They want rapid responses and comprehensive service without premium pricing. Compete like the big firms.
Legal assistants may perform tasks such as sorting or filing documents, preparing appointments and calendars, including trail schedules, and contacting clients and all other parties to lawsuits. A legal assistant may also help with legalresearch , writing legal papers, and more, not whatever is required.
The Role of Matter Management Systems in Legal Teams Legal matter management software is a solution that helps legal teams and other departments track and manage their legal matters. Key benefits of matter management: Centralizing matters, data, documents, leads, research, and other key assets.
Kris was recognized in the Educators category for his work combining traditional legalresearch with generative AI. Last year, UW Law School was recognized by the Bloomberg Law 2023-24 Law School Innovation Program for the innovative methods that Kris developed to teach legaltechnology skills.
.” This includes documents, communications, deadlines, tasks, and budgets, providing a single source of truth for every legal undertaking. MatterSuite is fundamentally a robust matter management platform.
Next steps to move forward: Start small: Begin by exploring lower-risk AI-powered applications, such as legalresearch tools or generative tools for marketing communications (such as ChatGPT). From contract review to legalresearch, identifying specific pain points can help guide you as you consider AI for your firm.
With client expectations at a steady rise, its clear that the legal industry is reaching its tipping point and the only way to regain balance is to implement digital transformation in law firms day-to-day systems. What Is Legal Digital Transformation ?
Heres what these tools typically include: Clause libraries to quickly insert commonly used clauses into contracts Compliance checks to ensure agreements meet local and industry-specific regulations Integration with legalresearch databases for easy reference to laws and precedents Pre-built templates to simplify drafting recurring contract types Automated (..)
It's a fitting theme for a profession that's undergone dramatic transformation, evolving from traditional book-focused roles to becoming essential gatekeepers and evaluators of legaltechnology and information.
In the gold rush of generative AI, it seems that every legal tech vendor wants to be a one-stop shop for legaltechnology. On todays LawNext, Reed joins host Bob Ambrogi for a conversation that explores what makes legal AI actually work well in practice.
Unique Global Breadth vLex has been unique among legalresearch services for its breadth of international coverage. Its platform includes Vincent, an AI-powered legalresearch assistant that analyzes legal documents that users upload and finds relevant search results. It works in both English and Spanish.
Last September, two litigation-focused Canadian legaltechnology companies, CiteRight and Jurisage, announced their merger, with the promise of combining CiteRight’s litigation drafting program with Jurisage’s AI technology to create an integrated legalresearch and drafting solution.
Join us in the latest episode of Rethinking Legal Ops Podcast with our CEO Nicole Clark, as she dives deep into the world of legaltechnology and its transformative impact on the legal industry. In this episode, we explore: ?… first appeared on Trellis.Law Blog.
The legalresearch company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 That, too, won the AALL product of the year award in 2017 and spawned a slew of similar products from other legaltechnology companies. million since its founding in 2013.
Is better case law data fueling a legalresearch boom? Recently, Rebecca Fordon noticed a surge of new and innovative legalresearch tools. Fordon wondered what could be fueling this increase, and set off to find out more.
In his review Jerry Lawson recommends Internet LegalResearch on a Budget: Free and Low-Cost Resources for Lawyers, 2nd Edition as the single best resource he knows for lawyers interested in exploring how to cut legalresearch expenses by trying and using free or inexpensive legal information.
Law Librarians and tech experts par excellence, Rebecca Fordon , Sean Harrington and Christine Park plan to propose a typology of legalresearch tasks based on existing computer and information science scholarship and draft corresponding questions using the typology, with rubrics others can use to score the tools they use.
Thomson Reuters said today that it will unveil generative AI enhancements to its flagship legalresearch product Westlaw Precision on Nov. Today’s statement came as somewhat of a surprise to those of us who cover legaltechnology, as the company had last week invited us to a press briefing about the Westlaw updates on Nov.
5, 2011, LexisNexis formally launched Lexis Advance , its next-generation legalresearch platform, which succeeded the research platform formerly called Lexis. But with its formal launch of Lexis Advance, Lexis dropped those various targeted offshoots for a single Lexis Advance designed for legal professionals in any setting.
Thomson Reuters has launched Westlaw Precision, its most dramatic update to the Westlaw research platform since Westlaw Edge in 2018. For this new version, Westlaw tackled the underlying issues that slow down legalresearch — namely lack of precision in search results, which leads to extra hours reviewing cases that aren’t relevant.
Benjamin Alarie and Abdi Aidid are legal experts who are heavily involved in the development of legaltechnology. They are releasing a new book, The Legal Singularity: How Artificial Intelligence Can Make Law Radically Better later this year. And we sort of thought about the future of the law in similar ways.
The legaltechnology company Casetext celebrates its 10th anniversary today. 2013 New LegalResearch Site Combines Case Law with Crowdsourcing. 2014 Two Sites Offer Platforms for Crowdsourced LegalResearch. 2017 LegalResearch Company Casetext Closes on $12 Million in Funding.
Gartner reported earlier this year, despite consolidation in the marketplace, large organizations will require relationships with at least four legaltechnology vendors to fulfill their tech requirements. Make a list of products and services you need, such as legalresearch, office administrative support services, or IT support.
ROSS was ahead of its time in striving to use artificial intelligence to empower legalresearch. But the outlook for ROSS changed almost overnight when it was sued by Thomson Reuters in 2020 on allegations that it surreptitiously stole content from Westlaw to build its own competing legalresearch product.
As other legaltechnology companies have rushed to release products using generative AI, one of the largest, Thomson Reuters, has been unusually silent. He said that chat functionality will be integrated into TR’s legalresearch and workflow products in the second half of this year.
Furthering its expansion beyond legalresearch and into other products aligned with legal professionals’ day-to-day workflows, Bloomberg Law has acquired Dashboard Legal , a project management and collaboration platform specifically designed for the legal market. ” .” ”
Many legal publishers are training AI computers and bots in a specific function, such as creating summary memos and other product based upon a mass of case law and secondary sources, that can save many hours of painstaking legalresearch.
The legalresearch company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 That, too, won the AALL product of the year award in 2017 and spawned a slew of similar products from other legaltechnology companies. million since its founding in 2013.
With emerging new technologies like artificial intelligence (AI) and machine learning, many people have started considering what legal software might mean for the legal profession’s future. Most lawyers recognize the productivity and efficiency gains brought about by legaltechnology.
Document Review AI-powered algorithms can quickly review and analyze large volumes of legal documents, contracts, and case law to obtain pertinent information, identify patterns, and flag potential issues. The post How is AI Used in LegalTechnology? What are the challenges? first appeared on Lawmatics.
In this episode of “The Geek in Review,” hosts Greg Lambert and Marlene Gebauer celebrate the one-year anniversary of CoCounsel , the pioneering Generative AI LegalResearch Tool launched by CaseText. Greg Lambert 0:16 And I’m Greg Lambert.
. “Smokeball AI enhances functionality within its existing platform, optimizing workflows to help law firms expedite intake processes, search for legal answers, navigate through matter documents, draft correspondence, and provide tailored descriptions of work directly on invoices,” the company says. ”
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