Jan 6, 2025 · In the first legal tech M&A deal of 2025, Elite, the financial management solution that was previously wholly owned by Thomson Reuters, has bought Tranch, a B2B invoice automation and payments platform for lawyers.

Jan 6, 2025 · In a New Year’s message Julian Taylor, Senior Partner of Simmons & Simmons, has outlined three key themes for the market to now focus on, including legal AI helping to shift the current pattern of pricing models.. Taylor stated: ‘AI could serve as a catalyst for change in one area that has remained a constant: the legal sector’s pricing model.

Jan 7, 2025 · Data from Legal Complex has found that 2024 was a record year for legal tech funding, which is good news. But, it also saw a big drop in the number of funding rounds and a huge increase in total debt finance, albeit for a smaller number of companies than in 2023.

Jan 15, 2025 · Jonathan Williams, who most recently was Head of Legal Ops at Calame, has joined pioneering genAI startup Leya. The move is part of a wider effort at the company to engage with inhouse legal teams. Read the in-depth AL Interview about the move here. The move follows a period of rapid growth for ...

Feb 3, 2025 · SimpleDocs, the creator of AutoNDA, has launched SimpleAI, an AI-powered playbook builder and contract review system designed specifically for inhouse legal teams. (See AL TV ...

Jan 9, 2025 · New data from Thomson Reuters suggests that law firms now have fewer junior associates than before, as a proportion of the total fee earners. Meanwhile, ‘non-equity partners’, i.e. ‘very senior associates’ are growing relative to other ranks.

Jan 7, 2025 · Big Four firm KPMG is applying for a special ABS licence in Arizona to provide legal services in America. But, if it gets permission will it make a difference to the market? For at least 25 years l…

2 days ago · Yesterday, this site shared the news that Harvey has raised $300m at a $3 billion valuation. REV, the investment arm of RELX – the parent … 12th February 2025 artificiallawyer Comments Off on SpotDraft Bags $54m For AI-Driven CLM A bit of late breaking news…..SpotDraft has raised $54m in ...

Oct 31, 2024 · By Judie Rahman, Senior Solutions Manager at BigHand. BigHand recently surveyed over 800 legal professionals and found 35% of participating law firms confirmed that reviewing and optimizing end-to-end document creation is a priority in the next 24 months.

Oct 17, 2024 · Given advances in generative AI, would a person in court assisted primarily by AI be able to outperform a regular human lawyer? Australian law firm, Lander & Rogers, decided to find out. The mock trial at SXSW Sydney was judged by Professor David Lindsay from the University of Technology Sydney and used AI tool NexLaw, supported by Ken Leung, a lawyer on Lander & Rogers’ Digital Economy team.