LAW FIRM INNOVATIONS, PARTNERSHIPS, AND INVESTMENTS
Reynen Court Closes Series A Investment From Clifford Chance and Latham
- Reynen Court, a legal tech consortium, completed a Series A investment round from Latham & Watkins, Clifford Chance, and Prins H LLC, an affiliate of Andrew D. Klein, the company’s Founder and CEO. Reynen Court will use the funds to hire more engineers and product managers as it prepares to launch pilots. [Legal IT Insider, Dec 13]
FT Top 10 legal innovators for North America
Some of the top 10 legal innovators selected by Financial Times in North America were recognized for technology-related accomplishments:
- Wendy Butler Curtis – Chief Innovation Officer at Orrick, Herrington & Sutcliff
- Frank Aquila – Partner at Sullivan & Cromwell
- Tess Blair – Partner at Morgan, Lewis & Bockius
- Blair is developing the next generation of Morgan Lewis’ technology tools for law practice.
- Josias Dewey – Partner at Holland & Knight
- Dewey created the BlockBlade tool with an outside engineer to help a client locate and freeze $500,000 of virtual currency it had lost as the result of a hack.
- Tracy-Gene Durkin – Director at Sterne, Kessler, Goldstein & Fox
- Lary Stromfeld – Partner at Cadwalader, Wickersham & Taft
- Barry Wolf – Executive Partner at Weil, Gotshal & Manges
- His approach to business management has helped it achieve record profits, which reached $3.6 million per partner in 2017.
Zeidler Legal Services To Open a Software Development Office In India
- Zeidler Legal Services announced the opening of a software development office in Mumbai, India. The team of developers will work with the firm’s EU-based developers and lawyers to create new products to alleviate the complexity of international regulation and compliance for fund managers. [Real Wire, Dec 14]
ServeManager Approved as ABA Blueprint Technology Partner
- The American Bar Association, in partnership with ServeManager, created the ABA Blueprint to help their 400,000 members with solutions and educational resources to operate their businesses. [PR Web, Dec 14]
LEGALTECH PRODUCT LAUNCHES AND PARTNERSHIPS
Intraboom Announces New IT Product Development for Law Firms and Legal Departments
- Intraboom, an intranet and digital workplace software provider, announced plans to provide solutions to the legal industry. The solutions will prioritize emails, project updates, and other material to increase efficiency for lawyers. [Abc 7, Dec 14]
Lex Mundi Partners With Diligen to Offer AI Contract Review Tool
- The law firm network, Lex Mundi, announced a partnership with the contract analysis platform, Diligen. The partnership will allow Lex Mundi’s 160 member firms to leverage Diligen’s AI and machine learning capabilities to review contracts faster and more accurately, thereby improving workflow efficiencies and gaining competitive advantage. [SPI News, Dec 13]
OTHER LEGALTECH UPDATES
Columbia Law School Students Are Turning Into Legal Tech Developers
- Columbia Law School students are using a software program to create apps to help various legal organizations’ clients automate the drafting of legal documents. The project came after Columbia Law School Legal Technology Association and document automation builder HelpSelf Legal teamed up in the spring 2018 semester. [Legal Tech News, Dec 11]
LEGALTECH EVENTS AND CONFERENCES
Legal Technology and Innovation Middle East
- The Legal Technology & Innovation Conference will be held on Feb 18, 2019, in Dubai and will cover the use of advanced technologies in legal practice.