Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
News
Employment in legal increased, from 1.76 million workers in June to 1.78 million in July. However, while employment in legal jobs rose for men, it fell for the second straight month for women. More here.
Changing lawyer demographics - ABA data shows that the percentage of women attorneys increased to 37% from 33% in 2011. Lawyers of color made up 11.2% of attorneys in 2011, and now comprise 14.6%. See here.
Open Cap Table Coalition - Tech vendors and firms like Cooley, Gunderson Dettmer, and Fenwick & West have started collaborative efforts to standardize capitalization tables for tech startups. More here.
Litera + Kira Systems - Litera, a document management company, is in the process of acquiring Kira Systems. Insight Partners, the private equity and venture capital firm, invested $50M in Kira in 2018 will become a minority investor in Litera as part of the acquisition. More here.
LawVu Raises $12M in Series A - The New Zealand-based cloud platform for in-house legal teams tripled it's revenue in 2020. More here.
Sony Invests in Eigen Technologies - The Japanese tech giant announced the "strategic investment" in the document analysis company was done via its Innovation Fund. More here.
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The LawGives Immigration Guide provides information on immigrant visas and non-immigrant visas. Each visa description details: who can apply for the visa, work authorization status, and the length of stay.
Sophia Contreras steps up as the new General Counsel of Nextdoor, taking over from John Orta, in a series of executive changes following the return of co-founder Nirav Tolia as CEO.
In-house legal professionals discuss their experience being the only legal professional at a company.
Law firms are increasingly adopting resource management tools to address declining client services and financial pressures, as highlighted in a BigHand survey. These tools not only streamline operations but also play a crucial role in supporting diversity, equity, inclusion (DEI), and career development initiatives, essential for talent retention and aligning with client expectations.
In legal operations, it's become imperative to figure out the best way to successfully integrate AI tools.
The NCBE's pilot test for the NextGen bar exam, conducted between August 2022 and April 2023, involved over 2,500 participants.
Stability AI has lost two key executives.
Although no clients will neatly fit into each of the four categories outlined below, it helps to recognize patterns in behavior and motivation.
Are you getting the most out of your paralegals or considering hiring one? Maximize the support you receive using these simple steps.