Funding

LawTech Weekly Briefing - Apr 19 - Apr 25, 2025

AI Adoption Index debuts to measure legal AI maturity; Eve's AI Reasoning Mode enhances plaintiff work; Agiloft, LexisNexis, and others push AI innovation forward.

LawTech Weekly Briefing - Apr 12 - Apr 18, 2025

Thomson Reuters reports 95% of lawyers expect GenAI to be central in 5 years; meanwhile, Ikaun, Epiq, and Agiloft push forward with AI-driven tools for law firms.

LawTech Weekly Briefing - Apr 6 - Apr 11, 2025

A&O Shearman teams with Harvey, Dentons launches Office Hours, and Freshfields partners with Google Cloud—key AI collaborations redefining legal workflows and innovation strategy.

LawTech Weekly Briefing - Mar 30 - Apr 4, 2025

Shoosmiths links bonuses to AI use, in-house teams invest in GenAI, and legal tech sees major innovation, funding, and a few April Fool’s surprises.

(Sep 30) What happened in LegalTech last week?

Elevate acquires Redgrave Data, enhancing eDiscovery. Wolters Kluwer adds AI to VitalLaw. FTC fines DoNotPay. Legal tech trends highlight AI, cloud solutions, and strategic acquisitions.

(Sep 23) What happened in LegalTech last week?

Legal tech advances with UK law firms exposed to cybersecurity risks, new CA digital rights laws, and global expansions by AI startups like Harvey and CRM vendor Nexl.

(Sep 9) What happened in LegalTech last week

Last week in legal tech, Harvey introduced a framework for assessing AI in legal tasks, while discussions on AI reliability and significant VC investments dominated the landscape.

(Sep 2) What happened in LegalTech last week?

New legal specific LLM Lexlegis.AI unveiled L-SLM for legal tasks. Supio raised $25M for AI in personal injury law. Other key stories focused on AI integration, contract management, and leadership changes.

Transforming Legal Workflows: From AI-Powered Contract Management to Automation Magic

The legal tech world surged with innovation as Supio secured $25M, Harvey partnered with Icertis, and Allens adopted iManage. Discover the latest advancements here!

(Aug 26) What happened in LegalTech last week?

Last week's legal tech highlights include Moonlit's spin-out from Deloitte, Thomson Reuters' acquisition of Safe Sign, and AI integration in legal education at USC and UC Berkeley.

(Jul 8) What happened in Legaltech last week?

Generative AI redefines legal tech, with law firms embracing document automation, enhanced legal education, and AI-driven tools. Leadership shifts and regulatory changes also highlight industry transformation.

(Jul 1) What happened in legal tech last week?

Last week, the legal industry saw a push in AI integration, with new ethics mandates, AI insurance for property transactions, and innovative solutions to enhance client relationships.

(Jun 28) In-House Efficiency & AI Trends - What Your Legal Team Needs to Know

Discover the latest in legal tech: Clearbrief secures $4M, Relativity launches aiR for Review, and Anaqua introduces AQX 11. AI and automation revolutionize the legal profession!

We are back. What happened in Legal Tech last week?

Lexsoft Systems launched a budget-friendly AI solution for law firms, and DeepJudge raised $10.7M. Adobe faced legal scrutiny but released new AI features. Here is all you missed in legal tech last week.

From AI to UX: Exploring Key Innovations in Legal Tech

Yesterday was notable for legal-tech with CTS Group's Tiger Eye's Blueprint update, LexisNexis' new cloud solution, Freeths and Henchman partnership, and more. Key themes focused on merging AI with legal practices for improving productivity and efficiency, evolving legal-tech norms globally.

Actionstep acquisition, Elite appointment, and funding updates

Legal tech is evolving with several acquisitions, appointments, AI advancements, and software solutions. The industry is shifting towards automation and AI-integrated services for efficiency and growth.

Baker Botts creates 60+ lawyer AI Practice Team

Foyen law firm adopts NetDocuments for enhanced efficiency. Litera and Intellek partner for industry education, Avokaado secures €1.2M for AI-enabled contract management amidst legal tech advancements.

Law Firms making moves: Cooley invests in Easop, and Fieldfisher launches data breach manager

Legal tech is advancing with AI being utilized in contract drafting and analysis, which is visible globally. Mergers and collaborations indicate expanding capabilities, while discussions on AI regulation continue.

Are ALSPs the special sauce?

Key legal tech developments include Lucy Shurwood's move to Simmons & Simmons, Thirdfort reducing property transaction times, and Mindgard's £3m funding. Increasing tech adoption emphasizes efficiency, with the focus on cybersecurity growing.

Would you return to the office?

Yesterday saw significant legal tech advancements, with major acquisitions, AI applications and data security upgrades. However, tech adaptation and risk mitigation are pre-requisites for successful implementation.

$1B double acquisition

Reveal completes purchases of Logikcull and IPRO, signaling sector consolidation. AI continues to drive legal tech innovation, outlined at the ILTA conference.

Peak AI

AI is significantly reshaping the legal landscape, with firms like iManage, BigHand, and Relativity leveraging the technology for data analysis and improved productivity, highlighting a growing industry trend.

Harbor emerges following consolidation

Discussions continue on using AI for legal tasks amidst accuracy and privacy concerns. Significant developments include mergers, acquisitions and investments in AI-powered platforms. Concerns persist on data compliance issues.

Funding Rounds & AI Innovations

Yesterday saw significant movement in legal tech with fundraisings, acquisitions, product releases, and vital rulings that could shape its future. Tech providers continue targeting efficient, secure data management while underlining the importance of nuanced, legal understanding.

Expect a whole lot of AI at ILTACON

AI transforming legal processes, Cloud Software's ShareFile for Legal launched, SEC's new cybersecurity rule creating waves, and startups Definely and Clearbrief using AI for efficiency.

Are we about to see a wave of law firm-created AI apps?

AI is reshaping the legal tech industry, enhancing efficiency and automating tasks, whilst concerns over data security and privacy continue. Investments in legal data management platforms like Syncly are also increasing.

👋🏼 Ciao AI - The rise of Chief AI Officers (CAIOs) in law firms

Big Law firm makes a move to create the first Chief AI role. Elsewhere, more legal tech companies continue to release updated with AI features, while some argue the job replacing impact of AI has been overstated.

AI Managed Services for Legal Emerge

Legal tech companies are adopting AI to streamline services. Elevate Services securing a $40m loan, Eperoto showcasing its innovative tech, and Streamline AI partnering with Clearlaw.

Legal Tech Shake-ups: New Leadership, Injunctions & AI Developments

Litera sues ex-VP for breach, Derek Miller joins Lit Software, TIQ appoints new COO post-European expansion, Tangibly raises $6.5m for AI tool. The sector is increasingly AI and data-focused, indicating a tech-led, data-driven future.

Will the future of legal practice be driven by AI-boosted creativity?

Yesterday's significant developments in legal tech featured TPG's Elite Technology's cloud shift, Florida Bar's collaboration with Nota, and OECD's warning about AI risks. Experts stress the need for understanding and managing AI's ethical implications in this rapidly evolving sector.

Customer-Centricity & AI: The New Paradigm in Legal Tech Innovation

Yesterday's legal tech sector saw product launches, funding, new hires, and acquisitions, with a major focus on AI, customer-centric services, automation, cyber security, and research partnerships in law firms.

Big Changes in Legal Technology: Mergers, AI Tools and a Proposal for National Legal Innovation Centre

DISCO unveils a new AI tool for e-discovery. STP Group's acquisition of Knowliah signifies legal-tech consolidation, as a National Centre for Legal Innovation is proposed in the UK.

Jun 30th: Navigating Legal Tech Funding, AI Advancements, and Cyber Threats

Explore the evolving legal tech landscape, focusing on AI integration, cybersecurity, and data management challenges, while navigating ethical concerns and regulatory hurdles.

Jun 28th: Unpacking the Thomson Reuters-Casetext Acquisition

Thomson Reuters acquires Casetext for a cool $650m 💸💸💸

Jun 23rd: AI, the good and the missteps.

Visalaw and American Immigration Lawyers Association launching AI product, ECFX gets $7m funding.

Jun 21st: Digitization, Automation, and Social Responsibility Take Center Stage

A new law firm maturity index, Dealcloser's funding & more. The industry is being disrupted by digitization and automation.

Jun 14th: Will the future be passwordless?

Legal tech developments include the rise of passkeys, increasing importance of emerging tech, and Lit Software's appointment of Derek Miller as advisor. Ongoing development and ethical AI use are crucial for success.

Jun 9th: Data-driven solutions take center stage in legal tech expansion

The rise of AI & data-driven solutions takes center stage. Ethical concerns regarding AI use in the profession, following the discovery of lawyers submitting fake legal opinions.

June 1st: Lega Emerges and TBG Secures Private Equity Backing

Lega launches LLM platform, while TBG secures private equity backing. Trends reveal streamlined payments and integrated technology driving efficiency and client service