LAW FIRM INNOVATIONS
EVERSHEDS SUTHERLAND APPOINTS LEGAL TECHNOLOGISTS TO ACCELERATE INNOVATION WITHIN ITS GLOBAL REAL ESTATE PRACTICE
- Global law firm Eversheds Sutherland has hired real estate technologists, Mark Collins and Kate Perevoshchikova, in London to drive the firm’s focus on delivering automation and technology innovations in real estate matters. The duo will focus on enhancing client service across relationship management, project management, collaboration and task-focused technology solutions throughout the real estate practice. [Practice Source, September 17]
STORM ADVOKATFIRMA COLLABORATES WITH CONTRACTBOOK TO LAUNCH CONTRACT DRAFTER
- Contract management platform Contractbook, in collaboration with Danish law firm STORM Advokatfirma, has launched a new questionnaire-based drafting and contract automation tool, which will make contracting faster, cheaper and simpler using a highly structured and template-based approach to contract creation. [Artificial Lawyer, September 16]
LEGALTECH LAUNCHES, INVESTMENTS, AND PARTNERSHIPS
STARTUP LEGALIST RECEIVES $100 MILLION TO FUND PLANTIFFS
- Litigation finance startup Legalist, which scrapes federal and state court records using AI to predict case outcomes and determine the best cases to invest, has raised $100 million as Fund II from institutional investors such as insurance companies, endowments and fund-of-funds. The investment will be used to fund plaintiffs in 100-200 commercial cases over the next two years. [LawSites Blog, September 19]
IRONCLAD RECEIVES $50 MILLION IN SERIES C FUNDING ROUND
- Ironclad, a provider of contract creation and management platform, has received $50 million in Series C funding round led by tech investor, Y Combinator, with participation from Jake Saper of Emergence, and existing investors Accel and Sequoia Capital. The funding will be utilized in the development of Ironclad’s platform to help lawyers with rapid document creation, streamline contract workflows, support compliance checking, and provide data insights into contract stacks. [Artificial Lawyer, September 18]
FASTCASE ACQUIRES BANKRUPTCY PLATFORM NEXTCHAPTER
- Legal research company Fastcase has acquired cloud-based bankruptcy platform NextChapter, and plans to expand the the latter’s form-automation technology into other form-driven areas of law, such as immigration and family law using Fastcase products such as case calendaring, docketing and case alerts. [LawSites Blog, September 17]
ECLIPSE LEGAL SYSTEMS COLLABORATES WITH RMAIL ON ENCRYPTED EMAIL SERVICE
- Legal software provider, Eclipse Legal Systems will collaborate with RMail, an email tracking and certification platform, to enable law firms send encrypted emails and enhance their data security. Proclaim, the case management solution from Eclipse, will embed RMail functionality to offer law firms a seamless way of sending and tracking important emails to clients, partners and external contacts. [Legal IT Insider, September 19]
ZAPPROVED PARTNERS WITH NUIX TO UPGRADE E-DISCOVERY PLATFORM FOR LEGAL TEAMS
- E-discovery company Zapproved has partnered with Nuix to enhance its Z-Discovery Platform enabling legal clients to experience faster processing speeds, acess to more file types, and expanding workflow efficiency. The new API platform is scheduled to be released in 2020. [Law.com, September 18]
THOUGHTRIVER ANNOUNCES INTEGRATION WITH TABLEAU FOR CONTRACT RISK ANALYSIS SYSTEM
- Legal AI company ThoughtRiver has
announced an integration with data visualisation system Tableau, to allow clients to easily visualise risk profiles across their contract portfolio, drill into risk themes or individual contract and clauses. By combining ThoughtRiver’s pre-screening software with data analytics capability, the company will also be able to also examine legacy contracts for business risk insights. [Artificial Lawyer, September 17]
OTHER LEGALTECH UPDATES
STARTUPS PITCH LEGAL PLATFORMS AT DUKE LAW TECH LAB
During the Duke Law Tech Lab’s demo day, 5 early-stage startup finalists pitched their legaltech solutions:
- Civvis – natural language platform that provides legal information and resources for consumers.
- Courtroom5 – platform that equips users with tools and templates to manage civil litigation cases.
- Easy Expunctions – an online platform where people can file the necessary documents to clear their record.
- FastVisa – a service that automates immigration workflow for employers and law practitioners.
- Text A Lawyer – a low-cost chat system where users can communicate with lawyers. [Wral Tech, September 19]
LUMINANCE CREATES NEW ADVISORY BOARD TO BACK LEGAL TECH START-UPS
- UK-based legal tech company Luminance has established a new advisory board, consisting of Steve Cooke, a Senior Partner at Slaughter and May, Rosemary Martin, a General Counsel at Vodafone, Manuela Cavallo, the Founding Partner Portolano Cavallo, and Vagn Thorup, the former chairman of the International Bar Association Technology Committee, to accelerate AI adoption. [Legal Business, September 19]