INNOVATIONS IN LAW FIRMS
VortexLegal and Law Firm Hickey Smith Innovate to Reduce Law Department Spend
- VortexLegal LLC, an alternative legal service provider, announced that it has entered into a vendor relationship with the law firm Hickey Smith LLP. Hickey Smith will offer its clients VortexLegal’s flat-rate hearing attendance service with access to over 5,000 attorneys from across the U.S. According to VortexLegal’s CEO Jonathan Broder:
Working with VortexLegal helps us reduce our clients’ costs for routine legal work while at the same time enabling our attorneys to focus their attention on providing the best strategic advice and counseling we can for our clients. Our hearing attendance service is a perfect fit for law firms looking to better serve their clients and we are thrilled that Hickey Smith is taking this innovative journey with us. Many law firms talk about ‘innovation,’ but Hickey Smith deserves credit for taking real action. [PR Newswire]
Howard Kennedy Implements iManage RAVN Insight to Transform Knowledge Management
- Howard Kennedy LLP, an U.K. based law firm, has deployed iManage RAVN Insight to quickly find and access relevant information, improving knowledge management within the organization. Robin Hall, the Head of Knowledge Management at Howard Kennedy, said:
We didn’t have a coordinated approach to knowledge management and know-how generation within the firm. Our knowledge was scattered around in bits and pieces and it was challenging to identify the right people with the right knowledge. iManage RAVN Insight has made it seamless, quick and easy to find the know-how within our organization, saving us valuable time. [Globe Newswire]
NEW LEGALTECH PRODUCTS AND PARTNERSHIPS
Neota Partners With Legal Consultants for AI-Based Billing Tool
- Artificial intelligence company Neota Logic and legal pricing consultants Burcher Jennings and Validatum have teamed up to launch Virtual Pricing Director, an AI-powered billing tool that assesses law firm’s potential legal work to provide a suggested client fee.
- The tool will include templates where users can select their practice areas, tasks, rates and clauses for a matter. From there, it will generate a matter’s budget based on the previous templates selected and provide a breakdown of expected spending. Lastly, it will calculate a price for the client, with an explanation of how the number has been determined. The software is scheduled to be released in January or February 2019. [LegalTech News]
San Fracisco Based Legaltech Company Court Buddy Raises $6 Million Series A
- Court Buddy, a legal tech company that instantly matches solo lawyers on-demand for a-la-carte legal services at flat rates based on a specific budget, has raised $6 million funding. This Series A round was led by NFX, with other investors including First Round Capital, Kapor Capital, LDR Ventures, Lightspeed’s LSS Fund, Gingerbread Capital, UpHonest Capital, and Venture University. This funding brings Court Buddy’s total amount raised amount to $7.1 million till date. [Black Enterprise]
LEGALTECH CONFERENCES AND PODCASTS
The 14th Annual Knowledge Management in the Legal Profession Conference in New York
- The ARK Group conference will take place in New York on October 23rd and 24th at the New York School of Law. The event will explore KM’s potential as an “organizational capability” for leveraging the firm’s experience, data and intellectual capital as a strategic resource, while evolving in step with demands that are reshaping both the practice and business of law. The agenda and registration is here.
Integrating Technology and Encouraging Innovation
- Law Technology Now host Dan Linna talks to Connie Brenton, Chief of Staff and Sr. Director of Legal Operations at NetApp and the CEO of the Corporate Legal Operations Consortium (CLOC), about her experience as a legal innovation expert who integrates technology into Corporate Legal Departments. To listen to this podcast, click here.
CLA Annual Meeting 2018: Securing Your Law Firm The Right Way
- Host Laurence Colletti is joined by Michael Iseri – a Tech Law and Disability Rights Attorney, Legal Accessibility Professional, Cyber Security Professional, Data Privacy, Software A.I. Programmer, Legal/Tech Program Manager, and Legal Leader – to talk about the change of cyber security, and how law firms can be more safe with their data and client data. To listen to this podcast, click here
Could 80 percent of cases be resolved through online dispute resolution?