LegalTech and Innovation Intel Brief 5/15/20
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16 Articles • 10 min read
LITERA PARTNERS WITH DOCUSIGN ON TRANSACTION MANAGEMENT AND E-SIGNATURE SOLUTIONS
- E-discovery and legaltech companies Litera and DocuSign have collaborated to help legal teams complete important transactions, including acquisitions, refinancing, and restructuring, and enable signers to avoid in-person physical signatures during the times of the pandemic. [Legal IT Professionals, May 11]
WILSON SONSINI TECHNOLOGY SUBSIDIARY INTRODUCES LEGAL TOOLSET
- SixFifty, the technology subsidiary of the law firm Wilson Sonsini, has released Return-to-Work Toolset, a legal toolset to help U.S.-based businesses safely transition their employees back to the workplace.
- The legal toolset includes an assessment to help businesses determine their back-to-workplace readiness, policies to govern how businesses transition their employees back to the office, and a questionnaire screening system that businesses can use daily to determine who can safely enter the workplace. [PR Newswire, May 12]
LAW FIRM INNOVATIONS
CMS, COOLEY, AND RAJAH & TANN ASIA INCUBATE MATTER PLATFORM
- CMS, Cooley, and Rajah & Tann Asia, with input from an advisory board of 16 in-house lawyers, have developed Lupl, a legal matter management platform that uses matter synchronization software to include people, documents, information, communications, and technology applications, in a single, secure space. [Law.com, May 13]
FONDIA COLLABORATES WITH DOCSCORP ON APPLICATIONS SUITE
- Nordic-based non-BAR business law firm Fondia has collaborated with DocsCorp, a provider of enterprise content management systems, to implement streamlined document review workflows. The firm has chosen compareDocs for document comparison, cleanDocs for metadata management, and pdfDocs for PDF editing and bundling. [Legal IT professionals, May 14]
LEGALTECH LAUNCHES AND INVESTMENTS
ECLIPSE LAUNCHES BUSINESS INTELLIGENCE DASHBOARD
- Legal software provider Eclipse Legal Systems has launched Proclaim BI, a business intelligence dashboard integrated within Proclaim case and practice management solutions. The solution, which can be used for both case-related information and financial and accounting metrics, will help law firms manage data to make more informed business decisions, allowing users to clearly visualize key business information and access data insight and graphical analysis in real-time. [Legal Futures, May 14]
CONTRACTBOOK LAUNCHES GMAIL CONTRACT IMPORTER
- Contractbook, the document creation and management platform, has launched a Gmail importer that extracts contracts from Gmail accounts and email threads and uploads them into an organized overview inside the user’s system. [Artificial Lawyer, May 15]
SIRIONLABS RECEIVES $44 MILLION SERIES C INVESTMENT
- SirionLabs, a developer of AI-powered enterprise contract lifecycle management technology, has received $44 million in a Series C round led by Tiger Global and Avatar Growth Capital, with participation from Sequoia Capital India. The company plans to further develop its AI-based contract lifecycle management platform. [LawSites Blog, May 14]
LAWGEEX RECEIVES $20 MILLION VENTURE FUNDING
- NLP-driven contract review solution provider LawGeex has received $20 million in a funding round led by Palo Alto-based VC fund Corner Ventures, with participation from Aleph, lool Ventures, Tom Glocer, and the La Maison fund. The company aims to launch NLP/machine learning software to read, analyze, and help improve contracts at the review/negotiation phase. [Artificial Lawyer, May 12]
QORUS RECEIVES $5 MILLION VENTURE INVESTMENT
- Qorus, a provider of sales enablement and proposal management platforms, has completed a $5 million financing round led by WestRiver Group. The funding will enable the company in sales enablement, and accelerate the development of a Proposal Management platform, to provide law firms the ability to consistently automate proposals and produce RFPS and bids. [Legal IT Professional, May 14]
MALBEK CLOSES $3 MILLION FUNDING ROUND
- Malbek, a provider of cloud modern contract lifecycle management (CLM) software, has closed a $3m funding round led by Osage Venture Partners. The company plans to invest in product innovation, including AI and advanced technologies, grow sales and marketing, and add to its customer experience team. [FinSMEs, May 13]
LEXCHECK RECEIVES $3 MILLION SEED FUNDING
- AI and legal technology platform provider LexCheck has closed a $3 million seed financing round led by Kli Capital, with participation from Howard Morgan and Vivek Garipalli. The company intends to use the funds to expand its business internationally and accelerate the automation of contract negotiations. [FinSMEs, May 15]
WEBINARS AND PODCASTS
- Webinar: The security risks – and solutions – of remote working
- Webinar: Back to work open forum and discussion
- Podcast: The Innovation Advantage – A Panel Discussion with Leading Experts in Law Firm Innovation
- Podcast: Intelligent Research for Smart Litigators
- Podcast: Legal Tech and LinkedIn for Law Students
- Webcast: How to Conduct Remote Video Depositions During COVID-19
- Mind-Alliance has launched a database of Covid-19 thought leadership from the entire Am Law 200, helping corporate legal departments and law firms tap into the expertise of their professional peers. Request a free trial here.
Contact David Kamien for additional information.