New Jersey Law Journal’s Post

Legaltech News’ brings us its latest legal tech rundown (product developments, business partnerships, hirings, and more): https://lnkd.in/ehY2eWiq #legaltechnology

Splendid news from across the pond! #Clio, the esteemed legal technology firm, has recently announced a hefty investment of US $900M, catapulting their valuation to an impressive US $3B. This significant financial boost is set to be utilised to transform the legal landscape, bringing about a new era of innovation and efficiency in the sector. At #IDS, we are thrilled to be part of this evolving legaltech ecosystem. Our expertise in areas such as workflow automation and system integration, allows us to work in harmony with vendors like Clio, shaping a more streamlined and effective future for legal services. Here's to continued collaboration and progress in our industry! #LegalTech #Investment #Innovation

matter management coming to DiliTrust Suite following acquisition of US based #legaltech company doeLEGAL! it's been a request from many of our clients and it's coming to the Suite... what's matter management? read more in the comments

Good morning, esteemed colleagues. Here's your morning legaltech digest. In a significant move, #Elevate has acquired #RedgraveData, bolstering their data management capabilities. This acquisition will undoubtedly enhance their service offering and provide a more comprehensive solution for their clients. In other news, #ContractPodAi has launched 'Leah Intelligence', a new artificial intelligence tool designed to streamline legal processes. This innovative solution is set to make a substantial impact on the legaltech landscape. At #IDS, we are committed to shaping a better legaltech ecosystem. Our expertise in workflow automation, data management, product implementation, system integration, managed services and artificial intelligence allows us to collaborate effectively with technology vendors. We are proud to play our part in driving the legaltech industry forward. Stay tuned for more updates in the world of legal technology. #LegalTech #IDS

“The M&A Negotiation Simulator, an innovative tool originally showcased at the CodeX Futurelaw 2024 conference, is now available as an open-source release on Hugging Face. This simulator leverages generative AI to enable users to engage in realistic mergers and acquisitions (M&A) negotiation scenarios, specifically representations and warranties, and help them develop and refine their negotiation skills in a virtual environment.” GenAI for training junior lawyers, anyone? https://lnkd.in/esDqkbBq #legaltechnology #legaltech #genai #legalgenai

Just when you thought that Litera was taking a pause from buying companies......just goes to show, Hg is still very much supporting the legal tech platform's continued expansion via M&A. LINK: https://lnkd.in/eHqyvDmQ #legaltech #mergersandacquisitions

Eversheds Sutherland Partner Rachel Reid shares her expectations with Legaltech News in this featured list of industry commentators focused on what generative AI has in store for the law in 2024. “…I expect AI to begin to figure more prominently in the area of mergers and acquisitions. AI will likely become an increasingly important part of the standard due diligence checklist. An acquiring company may need to consider at the start how a target company’s AI applications have been trained, as well as the data on which they have been trained, in order to estimate its potential future impact—both risks and opportunities—on any number of stakeholders and business decisions,” Rachel said. #ArtificialIntelligence

Exciting news to share! ✨: doeLEGAL, is now part of the @DiliTrust group! This is a big step toward the vision we share with DiliTrust: to provide legal teams with unique solutions to manage #LegalOperations smoothly. We couldn’t be more thrilled to continue our journey alongside the European leader in #LegalTech, allowing us to offer contract lifecycle management, entity management, and more features, in addition to our #ELM capabilities. Curious to learn more? Read the full press release and stay tuned for fresh content coming soon, starting with an exclusive webinar and dedicated content for the legal sector 🚀 👉https://lnkd.in/g7twb7J3 #doeLEGAL #DiliTrust #LegalTech #LegalInnovation #LegalOperations #AI

At Artington Legal, we've helped start-ups grow and develop from an idea into a thriving business. We offer unparalleled corporate and commercial support for early-stage businesses, including intellectual property protection, shareholders' agreements, business contracts, online compliance, and growth guidance. If you would like to discuss how we can help you, contact us today at [email protected] #artingtonlegal #startupbusiness #businesslegal

What’s important to us as a business (as well as profit) is our culture and the service we provide to our end-users. Controversial, given the current plethora of PE-backed takeovers of legal tech providers we are seeing.  Inevitably, due to the digitisation and leaps and bounds made in legal tech innovation, the legal tech industry has become hot property for private equity firms, who will probably: 1️⃣ Put up prices 2️⃣ Drive sales teams harder with high (one might argue ridiculous) targets 3️⃣ Create operational improvements 4️⃣ Make further acquisitions and grow by expansion In this blog, we explain how this often leads to dissatisfaction for clients, and why we won’t be following suit. >> https://lnkd.in/exS-nDUp #LegalTech #LegalIT #LawFirms