The legal technology sector is witnessing rapid advancements with a slew of strategic partnerships and product innovations. Here’s a rundown of the latest developments that are setting the pace for the future of legal tech.
Agiloft's Strategic Expansion with Kroll Agiloft, a renowned provider of contract lifecycle management (CLM), has bolstered its service network by partnering with Kroll, a leader in risk data and technology. This partnership, announced on November 7, is set to enhance Agiloft's global reach, with Kroll's Corporate Legal Solutions practice bringing its expertise in implementing and upgrading contract management systems.
Allen & Overy's New Venture with Inflexion In a move to foster growth, Allen & Overy’s legal and compliance data subscription platform, aosphere, is branching out as a standalone entity. The law firm, retaining a significant minority stake, is joined by Inflexion Private Equity and Endicott Capital in this strategic endeavor. This collaboration aims to expand aosphere’s footprint, particularly in the U.S. market.
BCLP's AI Leap with Orbital Witness Bryan Cave Leighton Paisner (BCLP) is embracing AI through its partnership with Orbital Witness. The law firm is set to deploy Orbital Copilot, an AI-powered lease reporting solution, to streamline real estate transactions across the U.S. and U.K. This initiative reflects BCLP's commitment to innovation in legal tech.
ILTA's Sponsor Directory Launch The International Legal Technology Association (ILTA) introduced its new Sponsor Directory, a comprehensive resource for members to explore legal tech solutions and providers. This initiative is a testament to ILTA's dedication to connecting legal professionals with cutting-edge technology.
LawPay's Integration with Aderant Digital payment platform LawPay has announced an API integration with Aderant's practice management systems, Expert and Expert Sierra. This integration promises to streamline cash receipt processes for legal professionals, enhancing efficiency and payment accuracy.
Lex Machina's Class Action Analytics Lex Machina, part of LexisNexis, has expanded its legal analytics offerings to include class action litigation. The new Class Action Module provides detailed insights into over 140,000 cases, offering valuable data on damages, attorney fees, and more.
LiquidText's Feature Enhancements Notetaking and document analysis platform LiquidText has introduced new features to improve user experience. The Locked Workspace Objects and Text Styles features offer users greater control and customization options for their digital workspaces.
Merlin's AI Advancements with Sherlock AI Merlin Search Technologies has unveiled Sherlock AI, a large language model powering its DiscoveryPartner platform. This tool is designed to assist users in document analysis, summarizing, and relevance ranking, showcasing Merlin's AI capabilities.
Proxy PR's Brand Strategy Leadership Proxy PR, a legal marketing agency, has strengthened its team by appointing Megan Haight as the new director of brand strategy. Haight's expertise is expected to elevate Proxy PR's client services, event design, and brand consistency.
Redgrave Data and Purpose Legal's Joint Venture Redgrave Data and Purpose Legal have announced a strategic partnership to combine their strengths in eDiscovery, information governance, and compliance. This collaboration aims to deliver comprehensive solutions to the legal tech market.
Robin AI's Microsoft Word Integration Robin AI has released a free Microsoft Word add-in for its contract copilot, leveraging both proprietary AI models and Anthropic’s Claude model. This integration is a response to customer demand for seamless AI-assisted contract management within Word.
Thomson Reuters' Generative AI Focus Thomson Reuters is intensifying its generative AI investment strategy. The company plans to integrate AI capabilities through product development, acquisitions, and employee upskilling. This move precedes the upcoming enhancements to its Westlaw Precision product.
Traact's Comprehensive Platform for Legal and Law Firms Traact has launched its inaugural technology platform, catering to a variety of legal and administrative needs. The platform aims to centralize functions and facilitate cross-departmental collaboration, as highlighted by COO Robert Holdheim.
These updates from the legal tech world reflect a trend towards greater efficiency, enhanced capabilities, and strategic growth. As legal professionals, staying abreast of these developments is crucial in navigating the digital transformation of the industry.
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