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 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 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.

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 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…

Jan 14, 2025 · Multi-capability legal tech group, Epiq, is upping the ante on its AI offering, especially for eDiscovery, with the launch of ‘Epiq AI Labs’. It is also rolling out its AI Discovery Assistant, which they say is ‘90% faster than TAR or linear …

3 days ago · International law firm Stephenson Harwood, in collaboration with Curvestone, the tech development company behind the Workflow GPT system, has built a custom contract review solution ...

Jan 8, 2025 · New data from Thomson Reuters shows that the expenditure on tech products at US law firms is rising considerably each year, with increases of 6% or more per annum often the norm, with spending leaps in some recent years hitting 10%.

Oct 15, 2024 · Avvoka has launched Massdraft, a new capability for mass document drafting and e-signing, featuring what the company said is ‘the most advanced Docusign integration on the market’. The UK-based com…

Dec 3, 2024 · Wexler AI, the genAI-driven legal fact intelligence startup, has gained $1.4m in a pre-seed funding round led by Myriad Venture Partners. The move comes as it works with firms such as Burges Salmon and is running a six-month, global-scale POC with Clifford Chance.