Schlagwortarchiv: legal-tech-blog.de

Welche Kompetenzen braucht die NextGen? Ein Gespräch zwischen Uni und Kanzleipraxis

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In der zweiten Folge von Legal Forward treffen Dr. Florian Skupin, Executive Director Legal Tech an der Bucerius Law School, und Anisja Porschke, Mitgründerin des AI Clubs, aufeinander, um eine Frage zu beantworten, auf die noch niemand die fertige Antwort hat: Wie bildet man eine Generation aus, die am ersten Arbeitstag bereits Zugriff auf KI-Tools hat?

Dieser Artikel begleitet Folge 002 von Legal Forward.

Der Hackathon als Vorbereitung auf die neue Arbeitsrealität

Florian Skupin organisiert an der Bucerius Law School den Hamburg Legal Hackathon, bei dem Studierende an einem Wochenende Prototypen zu einer vorgegebenen Fragestellung bauen — in der jüngsten Ausgabe unter dem Motto „Legal AI Buddies”. 85 Studierende, ein Drittel Techies, zwei Drittel Juristinnen und Juristen und ein enger Zeitplan: Was dabei entsteht, ist weniger das fertige Produkt als die Erfahrung selbst: Pitchen vor Publikum, Prototyping statt endlosem Überlegen, interdisziplinäre Zusammenarbeit unter Zeitdruck. Auf spielerische … … weiterlesen →

Im Zweifel bin ich mehr Techniker als Anwalt

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Ein Gespräch mit Kilian Springer über Legal Tech, KI-Kanzleien und die Zukunft des Anwaltsberufs.

Kilian Springer hat eine Kanzlei gegründet, bevor der Begriff Legal Tech in Deutschland geläufig war, eine Domain für KI-Rechtslösungen registriert, als es dafür noch keinen Markt gab, und ein Buch über KI in der Praxis mitgeschrieben. Ausgezeichnet wurde er unter anderem als eine der digitalsten Gründungen seiner Zeit. Heute verantwortet er bei einem Leipziger Unternehmen den Bereich KI. Wir haben mit ihm darüber gesprochen, warum er sich vor allem als Techniker versteht, wie eine Kanzlei mit KI-Agenten aussehen könnte und weshalb er beim Blick auf den eigenen Berufsstand zwischen Bewunderung und Ungeduld schwankt.

Von moderner Kanzlei zu Legal Tech

Als Kilian 2015 mit Mitstreitern seine eigene Kanzlei gründete, dachte niemand in der Kategorie Legal Tech. Den Begriff kannte er selbst nicht einmal. Ein Praktikant, der heute in dem Feld arbeitet, habe ihnen irgendwann erklärt, dass … … weiterlesen →

Die Kanzlei als Betriebssystem: Was Nachwuchsjuristen von YPOG lernen können

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In der ersten Folge von Legal Forward spricht Benedikt Flöter, Equity Partner bei YPOG, darüber, wie eine Kanzlei beginnt, sich selbst als Betriebssystem zu verstehen, und warum juristische Urteilsfähigkeit in der KI-Welle nicht weniger, sondern mehr wert wird.

Dieser Artikel begleitet Folge 001 von Legal Forward.

Effizienz ist erst der Anfang

YPOG hat intern früh begonnen, KI-Projekte parallel zu starten, statt auf einen bewährten Ansatz zu warten. Einige dieser Projekte haben Beratungsprozesse um bis zu 50 Prozent effizienter gemacht. Was Benedikt Flöter besonders beschäftigt, ist die Folgefrage: Wie teilt man diese Effizienz mit dem Mandanten, und was bleibt dabei als Wert beim Anwalt? Die Antwort ist keine technische, sondern eine unternehmerische. YPOG hat sich für gemischte Teams entschieden, in denen juristische und technische Expertise direkt zusammenarbeiten, weil die Übersetzung juristischer Arbeitsprozesse in technische Lösungen am besten von innen heraus funktioniert.

„Man muss auf der einen Seite verstehen, … … weiterlesen →

Die Lücke zwischen HR und Betriebsrat – Wie clarait mit BRbase und HRflows eine Nische der Mitbestimmung besetzt

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Ein Gespräch mit Mitgründer Thilo Haase.

Jede Einstellung, jede Versetzung, jede Umgruppierung, jede Kündigung muss in Unternehmen mit Betriebsrat durch ein unabhängiges Gremium. Die großen HR-Suiten von SAP über Personio bis Workday und Oracle enden genau an dieser Stelle.

Das Leipziger Start-up clarait füllt diese Lücke. Wir haben mit Mitgründer Thilo Haase darüber gesprochen, welches Problem das Unternehmen löst, warum es sich ausdrücklich nicht als ein weiteres HR-Tool versteht und wohin die Reise in den kommenden Jahren gehen soll

Ein HR-Problem mit rechtlichem Tiefgang

Im Kern löst clarait ein HR-Problem, sagt Haase. So gut wie jede Personalmaßnahme in einem Unternehmen mit Betriebsrat braucht dessen Beteiligung. Für die Personalabteilung sei das Ballast neben der eigentlichen Tätigkeit – Bürokratie, die stark rechtlich geprägt ist. Das Betriebsverfassungsgesetz macht klare Vorgaben dazu, wie der Mitbestimmungsprozess abzulaufen hat. Die Vorgaben reichen tief in die internen Prozesse der Gremien hinein. Wie der Betriebsrat … … weiterlesen →

Spectre, Agenten und Verantwortung: Was Harvey’s neues World Model für die Rechtswelt bedeutet

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Anfang April hat Harvey einen ungewöhnlich offenen Blick hinter die eigene Kulisse gewährt. In einem Blogpost beschreibt Co-Founder Gabe Pereyra, wie ein interner KI-Agent namens Spectre das Unternehmen bereits von innen verändert — und was das für die gesamte Rechtsbranche bedeuten könnte. Der Begriff, den er dafür prägt: Law Firm World Model.

Von Prompt zu autonomem Agent — ein Spektrum

Um zu verstehen, was Harvey hier beschreibt, lohnt ein kurzer Schritt zurück. Legal AI ist kein monolithisches Konzept — je nach Kontext, Aufgabe und Organisation bewegt man sich aktuell auf einem Spektrum verschiedener Stufen, die ich hier kurz vorstellen möchte.

Am einfachsten Punkt steht der Chat: ein einmaliger Prompt, welcher weder Kontext noch Struktur noch Erinnerungsvermögen zwingend erfordert. Einen Schritt weiter kommt der Assistant — vorkonfiguriert für wiederkehrende Aufgaben, mit hinterlegtem Kontext und definierter Rolle, aber immer noch ein Schritt pro Interaktion. Der Workflow geht weiter: Mehrere Schritte werden vordefiniert hintereinandergeschaltet und … … weiterlesen →

Der Benchathon 2026: Ein Werkstattbericht von der Human Baseline

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Die Autorin hat am Benchathon 2026 teilgenommen und teilt im Folgenden ihre persönlichen Erfahrungen sowie Wahrnehmung aus dem Austausch mit anderen Teilnehmenden. Dabei wurde ihr schnell klar: In einer Zeit, in der KI juristische Fälle in Sekunden löst, wird menschliche Geduld zu einer neuen Schlüsselqualifikation.

Am 14. und 15. März 2026 fand der Benchathon statt – ein Benchmarking-Event im deutschsprachigen Raum, bei dem ich gemeinsam mit anderen Teilnehmenden die Plattform BenGER nutzte, um Aufgaben zu lösen und Ergebnisse zu vergleichen. Teilnehmende kamen aus Berlin, München und online zusammen.

Warum?
Hinter der Plattform steht das Forschungsprojekt BenGER an der Technischen Universität München (TUM), das misst, wie gut verschiedene KI-Modelle juristische Aufgaben lösen. Das zentrale Problem dabei: Diese Ergebnisse lassen sich kaum einordnen, solange kein menschlicher Vergleichswert existiert. Der Benchathon sollte genau diese sogenannte Human Baseline erstmals systematisch und wissenschaftlich belastbar erheben – also den Ausgangswert, der beschreibt, wie gut Menschen dieselben Aufgaben lösen, die KI-Modelle … … weiterlesen →

Harvey integriert Legal AI in Microsoft 365 Copilot

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Der Legal AI-Anbieter Harvey erweitert seine Partnerschaft mit Microsoft und integriert seine juristische KI in Microsoft 365 Copilot. Die neue Integration bringt Harveys rechtliche Expertise direkt in Copilot und ermöglicht es Juristinnen und Juristen, präzise und präzedenzbasierte Antworten zu erhalten, ohne Microsoft 365 verlassen zu müssen. Ziel ist es, juristische Recherche, Dokumentenanalyse und Vertragsarbeit stärker in den bestehenden Arbeitsablauf von Anwältinnen und Anwälten zu integrieren.

Über eine Erwähnung von „@Harvey“ in Copilot können Nutzer künftig juristische Fragen stellen, Verträge analysieren oder Marktstandards zu bestimmten Vertragsklauseln recherchieren. Die Antworten erscheinen direkt im jeweiligen Dokument oder in einer E-Mail von Microsoft 365. Dies hat zur Folge, dass ein Wechsel in ein separates System in vielen Fällen entfällt. Für komplexere Analysen besteht jedoch auch weiterhin die Möglichkeit, direkt in die Harvey-Anwendung zu wechseln und die erweiterten Funktionen zu nutzen. Die Integration ist für das zweite Quartal 2026 angekündigt und soll insbesondere in Wirtschaftskanzleien und Rechtsabteilungen eingesetzt werden.

… … weiterlesen →

Anonymisierungsanwendungen in der Justiz

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Die Rechtswissenschaft und Rechtspraxis in Deutschland stehen an einem kleinen Wendepunkt in Sachen Zugang zum Recht und Automatisierung in der Justiz. Eine große Hürde für die Beratung aber auch die Wissenschaft sind fehlende veröffentlichte Urteile. Laut Bundesministerium der Justiz und für Verbraucherschutz ist der Anteil veröffentlichter Urteile deutlich unter drei Prozent aller Entscheidungen. Neue Anonymisierungsanwendungen sollen nun einen Fortschritt bringen.

Bedeutung für den Rechtsmarkt

Wer sich einen Überblick über die Rechtsprechung verschaffen möchte stößt schnell auf Schranken. Urteile bleiben häufig unter Verschluss. Nur wenn die Urteile zuvor sorgfältig anonymisiert wurden, können Urteile überhaupt veröffentlicht werden. Dieses manuelle Verfahren bremst nicht nur Transparenz und Rechtsforschung, sondern auch technologische Innovationen aus.

Genau hier setzt nun eine Neuerung in der Justizdigitalisierung an. In Baden-Württemberg ist ein KI-gestütztes Anonymisierungstool mit Namen „JANO“ in Betrieb genommen worden. Die Software wurde gemeinsam mit der hessischen Justiz entwickelt und steht den Zivilabteilungen der Oberlandes-, Land- und … … weiterlesen →

Kollaboratives Arbeiten als Neuerung bei Legal GenAI

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In den vergangenen Wochen hat die Legal-Tech-Branche einen wichtigen Schritt nach vorn gemacht. Zwei führende Anbieter von Legal-AI-Lösungen, die bislang vor allem für die Optimierung interner Kanzleiprozesse bekannt waren, haben nahezu zeitgleich neue Funktionen veröffentlicht, die kollaboratives Arbeiten zwischen Kanzleien, In-House-Teams sowie Mandantinnen und Mandanten deutlich vereinfachen. Diese Innovationen könnten für juristische Dienstleister den Beginn einer neuen, stärker digitalisierten und gemeinsam getragenen Arbeitskultur einläuten.

Am 7. November 2025 hat Legora sein neues Produkt Legora Portal vorgestellt. Die Plattform soll die Zusammenarbeit zwischen externen Anwälten und internen Rechtsabteilungen grundlegend vereinfachen. Legora beschreibt Portal als einen vollständig neuen Arbeitsraum, in dem Fachwissen des Unternehmens, spezifische Workflows, digitale Playbooks, Dokumentenmanagement und gemeinsame Bearbeitung in einem sicheren Umfeld zusammengeführt werden. Das System soll das übliche Hin und Her per E Mail überflüssig machen und das Problem unübersichtlicher Dokumentversionen lösen. Stattdessen steht ein zentralisiertes, strukturiertes Portal zur Verfügung, das verschlüsselte Speicherung, auditfähige Nachvollziehbarkeit sowie … … weiterlesen →

Libra Technology: Exit für 90 Millionen Euro

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Wolters  Kluwer hat Libra Technology GmbH (Libra) übernommen. Der 90 Millionen-Deal markiert das Ende der zweijährigen Beteiligung des Konzerns an dem KI‑Start‑up. Die Übernahme kommt zu einem Zeitpunkt, in dem die Nachfrage nach KI‑gestützten Rechtslösungen stark wächst. Wolters  Kluwer sieht in der Übernahme von Libra einen strategischen Schritt, um seine Marktposition in diesem wachsenden Segment zu festigen.

Von der Übernahmesumme sollen 30 Millionen Euro als sofortige Zahlung, der Rest als erfolgsabhängige Zahlung nach bestimmten Leistungsziele, entrichtet werden. Die Integration von Libras führender KI-Technologie in die Inhalte von WoltersKluwer soll eine leistungsstarke All-in-One-Lösung für juristische Recherche, Entwurf, Prüfung und Dokumentenanalyse schaffen. Libra hat zudem bereits mehrere Pilotprojekte mit großen Anwaltskanzleien und Unternehmensrechtsabteilungen erfolgreich umgesetzt.

„Durch die Zugehörigkeit zu Wolters Kluwer und den Zugang zu ihren führenden juristischen Inhalten und tiefem … … weiterlesen →

Fractional GC – Wie Paxa Partners das Inhouse-Modell neu denkt

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Wachsende Unternehmen stoßen früh auf rechtliche Komplexität – oft noch bevor sie eine eigene Rechtsabteilung aufbauen können.

Klassische Kanzleien arbeiten hingegen meist projekt- oder transaktionsbezogen und sind dadurch weniger flexibel, wenn kurzfristige oder kleinere Anfragen anstehen.

In diese Lücke stoßen Anbieter wie Paxa: Statt projektbezogener Mandate setzen sie auf eine kontinuierliche Zusammenarbeit, häufig auf Retainerbasis. Dieses Modell ermöglicht es, rechtliche Unterstützung nahtlos in den Unternehmensalltag zu integrieren und schnell zu reagieren, wenn es darauf ankommt.

Mit dem Ansatz eines Fractional General Counsel as a Service bietet Paxa ein flexibles, technologiegestütztes Modell, das die Vorteile einer internen Rechtsabteilung mit der Expertise externer Berater vereint.

Ein Markt im Wandel

Die Rechtsberatung steckt mitten in einer Transformation. Technologie, neue Arbeitsmodelle und veränderte Unternehmensrealitäten zwingen Kanzleien und Legal Teams gleichermaßen, ihr Selbstverständnis zu überdenken.

Während klassische Kanzleien weiterhin auf Transaktionen, Prozesse und abrechenbare Stunden setzen, suchen viele Unternehmen heute nach etwas anderem. … … weiterlesen →

Addressing the Fragmentation in Legal Client Acquisition: The Role of AI Agents and the Case of MagNet

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The acquisition of new clients is foundational to law firms’ growth and sustainability. However, the process by which lawyers secure these clients remains fragmented and inefficient. Despite its critical importance, business development (BD) in legal practices is often managed through disparate tools ranging from generic customer relationship management (CRM) systems and spreadsheets to informal email tracking – none of which are specifically designed for the legal profession’s unique dynamics.

This fragmented ecosystem results in operational inefficiencies, lost opportunities, and an opaque understanding of which BD activities translate into successful client engagements. From a firm-management perspective, this opacity complicates strategic planning, resource allocation, and the measurement of individual lawyers’ contributions to revenue growth. Historically, efforts to consolidate BD workflows have been limited by technological constraints. The complexity of integrating lead identification, personalized outreach, and comprehensive activity tracking into a single platform tailored for legal professionals has remained elusive.

The recent advent … … weiterlesen →

Thomson Reuters Launches CoCounsel Drafting Tool

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Thomson Reuters, a global content-driven technology company, has announced the launch of CoCounsel Drafting, an end-to-end drafting solution that streamlines and improves the drafting process for legal professionals within Microsoft Word. CoCounsel Drafting is the latest set of capabilities available for CoCounsel, the first professional-grade GenAI assistant from Thomson Reuters.

With CoCounsel Drafting, users can easily and quickly move through the phases of contract creation. The solution allows them to find the best starting point from their own databases or Practical Law templates, use content from Practical Law alongside their legal department’s or firm’s contract repository to draft or revise clauses, automate deviation analysis using Practical Law contract playbooks, and correct common drafting errors. This solution uses AI to refine and review documents, producing more accurate, higher-quality work – without leaving Microsoft Word.

“Many of our attorneys – at various stages in their careers – are already … … weiterlesen →

BRYTER Launches New Product Suite – AI Agents – and Major Updates to its No-Code Platform

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BRYTER, the AI and no-code platform for law firms and in-house legal departments, today launches an entirely new product-suite: AI Agents.

Using proprietary, pre-trained AI, BRYTER’s AI Agents help law firms and legal departments with the manual, tedious elements of their work: from speeding up the review of contracts using the Review Agent, to getting draft email replies to recurring requests from commercial teams directly in MS Outlook or Gmail through the Email Agent.

Launched in 2018, BRYTER is well known for its award-winning No-code Platform. Law firms like Linklaters and Ashurst, and in-house teams at companies like McDonald’s and ING Bank use BRYTER’s No-code Platform to automate legal workflows, generate documents and make knowledge accessible on a self-service basis.

Its new product suite, AI Agents, are designed to help these teams be even more productive by automating the manual elements of their work – in … … weiterlesen →

Paxton AI Launches AI Citator and Publishes Accuracy Scores

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Legal Tech Startup Paxton AI has launched the Paxton AI Citator, a now patent pending essential tool for legal professionals to check the standing and precedential value of the case.

These tools track whether a case has been overruled, affirmed, questioned, or cited by later cases. Traditionally, citators like LexisNexis’s Shepard’s, Thomson Reuters’s KeyCite, and Bloomberg’s BCite have been managed by human editors and reliant on extensive legal databases. Human-based citators have been essential for legal research, yet they can be expensive, time-consuming, and prone to error.

Despite their ubiquity in legal practice, traditional citators are expensive and error-prone. They depend on vast editorial teams to manually update a case’s legal status.

Leveraging artificial intelligence, the Paxton AI Citator addresses the limitations of traditional citators. Evaluated against the Stanford Casehold dataset of 2,400 examples testing whether a case was overturned or upheld, our citator … … weiterlesen →

Wordsmith Raises $5 Million to Empower Lawyers to Scale Themselves with AI

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Wordsmith, the AI-powered legal assistant platform, has raised $5 million to transform the legal industry and unleash a new generation of hyper-skilled, bravura legal professionals – the “Pavarottis of the legal world”.

“Think about the effect of the CD on opera”, explains Wordsmith CEO Ross McNairn, who began his career as a lawyer before transitioning to software engineering. “Before CDs, there were thousands of opera singers in Italy who all got paid roughly the same. But CDs allowed the best, like Pavarotti, to be everywhere at once and become global superstars. Similarly, the lawyers who adopt AI early to scale themselves will reap huge benefits and get an outsized share of the returns.”

The seed funding was led by Index Ventures, with participation from General Catalyst and notable angel investors including Skyscanner founder Gareth Williams. The investment is a sign of how applied AI is rapidly augmenting and enabling professional … … weiterlesen →

DeepJudge Raises $10.7M Seed Round Funding and Announces Knowledge Assistant

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DeepJudge has announced that it has raised $10.7 million in an oversubscribed seed funding round led by Coatue, with participation from notable angel investors such as Gokul Rajaram, Michele Catasta and others.

“DeepJudge is one of the first products on a mission to empower legal teams to harness their internal data to make strategic decisions. From a technology standpoint, we are impressed by DeepJudge’s approach to solving data retrieval, which we believe is crucial to achieve high-quality generative results. We are excited to support DeepJudge as they seek to gain traction in the legal industry and grow their client base”, said Caryn Marooney, General Partner at Coatue.

Since the company was founded in 2021, it has been dedicated to addressing a fundamental challenge in the legal sector: the ability to efficiently find and use the troves of internal data that lawyers and other … … weiterlesen →

RobinAI Launches New Product Line “Robin AI Reports”

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Robin AI, the AI-powered legal assistant, announced a revolutionary new product line, Robin AI Reports, which automates a key piece of due diligence and negotiations, providing a boost to the sluggish pace of M&A.

The new offering can generate reports on contracts in minutes — solving expensive pain points for legal teams, by dramatically cutting the time and cost of manual work in due diligence around M&A, IPOs, and other asset management including real estate and debt financing.

A free version of Robin AI Reports is available as part of the company’s commitment to democratizing access to legal services.

The product was launched live on-stage at London’s LegalTechTalk Conference.

Why it matters: Robin AI is the first to market automating a key piece of due diligence and negotiations.

  • The Reports product can deliver a single report analyzing many legal texts, going much further than a simple summary.
  • It will … … weiterlesen →

PwC Germany and Aleph Alpha Launch Founded Joint Venture creance.ai

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The auditing and consulting firm PwC Germany and Aleph Alpha, a leading generative AI developer in Europe, have announced the establishment of a joint venture. The aim is to jointly develop innovative solutions using generative artificial intelligence in the legal and compliance market. The joint venture will operate under the name creance.ai and its products will support companies in dealing with complex legal requirements.

Many years of consulting experience in compliance & legal services and an understanding of the pressure to transform, coupled with Aleph Alpha’s innovative generative AI technologies, should lead to the sustainable and efficient implementation of increasing legal requirements. creance.ai’s first AI solution focuses on the EU Digital Operational Resilience Act (DORA) regulation and will support clients in implementing the third-party risk management as part of the DORA requirements. The developed solution is designed to navigate the complexities of regulatory adherence, and stands … … weiterlesen →

KKR Acquires Majority Investment in Agiloft

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KKR, a leading global investment firm, announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft (“the Company”), a trusted global leader in data-first contract lifecycle management (“CLM”).

As part of the transaction FTV Capital, a sector-focused growth equity firm and an existing investor in Agiloft, will make an additional investment in the Company, and JMI Equity, a growth equity firm focused on investing in leading software companies, will join as a new investor in the Company. The investment will help the Company continue to expand as it grows market share, acquires new customers, further innovates product solutions, and extends its world-class standard of customer success.

Agiloft is a leading provider of data-first CLM software, enabling legal, procurement, sales and other departments to streamline and leverage their contracting efforts. Agiloft acts as a system of record … … weiterlesen →

SurePoint Technologies Acquires Leopard Solutions

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SurePoint Technologies, calling itself the leading provider of innovative legal software solutions for mid-sized law firms, has announced the strategic acquisition of Leopard Solutions, a trusted leader in legal business intelligence and analytics solutions. This acquisition marks a significant milestone for SurePoint, enabling the company to amplify competitive, market, and business intelligence data for the legal industry. The combined 60-years of data from these two companies will now provide benchmarking insights and intelligence for the legal community.

Leopard Solutions has been a trusted partner to the legal industry for more than 20 years, offering meticulously updated legal intelligence data to maintain relevance and ensure firms can achieve a competitive edge in the ever-evolving legal landscape. Understanding the critical importance of accurate and reliable data to drive decision-making within law firms and the broader legal industry, Leopard Solutions provides a comprehensive suite of intelligence solutions that encompass a … … weiterlesen →

Klarna Reports That 87% of Employees Use GenAI For Their Daily Work

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Klarna, the AI-powered global payments network and shopping assistant, has announced a milestone in its advanced adoption of AI technologies:

  • 9 out of 10 Klarna employees (87%) now harness the power of Generative AI in their daily work. 
  • This transformative integration spans across all teams, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 93%, 88%, and 86% respectively. These figures not only demonstrate AI’s versatility but also its role in enhancing non-technical operations, a strategic move that sets Klarna apart.
  • This internal AI revolution is further propelled by Kiki, Klarna’s bespoke internal AI assistant, which has adeptly responded to over 250,000 inquiries (2,000 per day) since launching in June 2023, establishing itself as an indispensable asset within the company. Overall, 85% of all Klarna employees are now using Kiki. 

“We push everyone to test, test, test and explore,” … weiterlesen →

Definely Secures $7 Million in Series A Funding to Change how the World’s Top Lawyers Access and Understand Contracts

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Definely, a UK LegalTech company created to make legal documents easier to read, edit and understand, has successfully raised Series A funding. The $7m Series A investment round was led by Octopus Ventures, with participation from Cornerstone VC and Zrosk Investment Ltd. It also saw participation from well-known angels Claire Hughes Johnson, Comron Sattari, Ajay Patel, and Babatunde Soyoye join the cap table. Edward Keelan, partner at Octopus Ventures joins CRE Venture Capital and Zrosk Investments on the board.

Available via subscription, Definely’s suite of productivity solutions assists lawyers at every pre-execution stage of the contract lifecycle, helping its customers draft, proof and understand legal documents quickly. Headquartered in London, and with over 60 employees located globally, the company is now focused on adding to its existing base of 40,000 active users from the largest companies and law firms in the UK, US, Canada and Australia. As the company advances how it incorporates … … weiterlesen →

Gartner Predicts the Global Legal Tech Market Will Reach $50 Billion by 2027 as a Result of GenAI

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The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, meaning the market will reach $50 billion in value by 2027, according to Gartner, Inc.

“GenAI has huge potential for bringing more automation to the legal space,” said Chris Audet, Chief of Research in the Gartner for Legal, Risk & Compliance Leaders practice. “Rapid GenAI developments, and the widespread availability of consumer tools such as OpenAI’s ChatGPT and Google’s Bard, will quickly increase the number of established legal technology use cases, in turn creating growing market conditions for an increasing number of legal-focused tools.”

There has been significant growth in spend management, e-billing, contract lifecycle management, legal matter management and legal document management as legal departments increasingly seek technology-led efficiencies. Incorporating GenAI into these applications will only accelerate purchasing and adoption.

Recommendations for Legal Departments
Legal … … weiterlesen →

LexisNexis Launches Second Generation Legal AI Assistant on Lexis+ AI

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LexisNexis Legal & Professional®, a leading global provider of information and analytics, is unveiling its second-generation legal generative AI Assistant on the industry-leading Lexis+ AI™. Utilizing continuous user feedback, the next-level AI Assistant delivers an increasingly personalized experience to support legal professionals in making informed decisions faster, generating outstanding work, and freeing up time to focus on efforts that drive economic value. All existing Lexis+ AI customers will have access to the enhanced AI Assistant.

These enhancements represent another milestone in the company’s legal generative AI leadership, building on the commercial introduction of Lexis+ AI in October 2023. Grounded in the world’s largest repository of up-to-date, exclusive legal content from LexisNexis, Lexis+ AI enables conversational search, insightful summarization, intelligent legal drafting, and document upload and analysis capabilities in a seamless user experience.

Recently launched and upcoming enhancements include: 

… … weiterlesen →

Patlytics Secures $4.5 Million Led by Gradient, Google’s AI-fund, to Transform Patent Intelligence with AI

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Patlytics, the AI-powered patent workflow platform, raised $4.5 million in seed funding led by Gradient, Google’s AI-focused venture fund, with participation from 8VC, Joe Montana’s Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures and several undisclosed angel investors including select partners from premier law firms and Datadog President Amit Agarwal. 

Unlike traditional methods that rely heavily on manual input from practitioners, Patlytics’ AI-powered platform aims to empower professionals by automating key aspects of the patent process, including initial drafting and office action responses, infringement evaluation, advanced search, and competitor intelligence. This innovative approach is not about replacing patent professionals (in-house counsels and outside attorneys) but empowering them.

“When I was a venture capitalist, I witnessed many opportunities in the IP space when interacting with my portfolio companies. The AI revolution in patent intelligence is not just about efficiency; it’s about transforming how … … weiterlesen →

The 10 Best Legal Tech & Innovation Books in 2024

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In the dynamic legal practice environment of today, it is essential to stay on top of new developments in Legal Tech and Innovation. And what better way to do so than reading a good book? Whether you are a student looking to expand your knowledge and prepare for your future working life, a lawyer interested in learning something new and possibly making a change in your current everyday life or just someone with an interest for Legal Tech – this non-hierarchical and non-exhaustive list is for you.

Before we get started, it is advisable to have a look at an article that explores Artificial Intelligence (AI) Large Language Models (LLMs) like ChatGPT/GPT-4, detailing the advances and challenges in applying AI to law, to obtain an overview of the topic before diving deeper into more detailed works. Harry Surden’s “ChatGPT, Artificial Intelligence (AI) Large Language Models, and Law” (2024) first … … weiterlesen →

Luminance Raises $40 Million in Funding Round Led by March Capital

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Luminance, calling itself the leader in ‘legal-grade’ AI, announced that it has raised $40 million in a Series B funding round. The investment is led by Santa Monica-based growth-stage venture firm, March Capital, with participation from National Grid Partners and other existing investors, including Slaughter and May. 

Luminance’s specialist legal Large Language Model (LLM) automates the generation, negotiation and analysis of contracts and other legal documents for a rapidly growing customer base spanning 600 organisations in 70 countries, from global manufacturers such as Koch Industries, Hitachi and Yokogawa, to insurers including Liberty Mutual, as well as pharmaceutical giants such as LG Chem.

Off the back of 5x ARR growth in the last two years, this latest funding round will be used to propel Luminance’s global growth and expand its footprint in the U.S. as the Cambridge-born company continues to drive innovation in the legal AI market. 

… … weiterlesen →

PwC in Alliance with ContractPodAI to Launch Legal GenAI Platform Leah for Contracts

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PwC, a global network of professional services firms with over 4,000 lawyers globally, announced that it has entered into an alliance with ContractPod Technologies Ltd (“ContractPodAi”), a leading and innovative provider of legal AI technology, to launch a new consulting service powered by ContractPodAi’s Leah. 

This alliance will see PwC’s Legal Business Solutions leveraging Leah to expand their delivery and implementation capacity, positioning PwC at the forefront of legal GenAI. The Leah platform uses Generative AI, natural language processing, machine learning and data analytics to automate and enhance various aspects of contract related work, such as including redline, data extraction, and discovery tools to address day to day projects and transactions managed by procurement and legal departments. Leah generates insights and recommendations based on large volumes of data, delivering richer information that will enable the firms to identify solutions faster. 

Sarvarth Misra, ContractPodAi’s co-founder and CEO, … … weiterlesen →

DraftWise Announces $20 Million Series A Funding Round

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DraftWise, an AI-powered contract and negotiation platform for lawyers, has announced a $20 million Series A funding round led by Index Ventures, with additional support from existing investors Y Combinator and Earlybird Digital East Ventures.

The new financing will allow DraftWise to further strengthen and expand its industry-leading Contract Intelligence platform, which uses generative AI to help firms create higher-quality contracts in less time by empowering every lawyer with instant access to the firm’s collective institutional knowledge and data. The platform is recognized as an essential asset by top law firms in North America, Europe, and Australia, with customers hailing it as a mission-critical tool that elevates every part of the contract and negotiation process.

DraftWise’s customers, which include many lawyers at Vault 10, AM Law 100, Magic Circle, and Seven Sisters firms, use the platform every day to access historical and institutional knowledge, such … … weiterlesen →

Clifford Chance Expands Use of Generative AI for its Global Workforce

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Global law firm Clifford Chance announced that it is expanding its use of AI technologies with the deployment of Copilot for Microsoft 365 and Viva Suite for its employees globally.

Clifford Chance is one of the first organisations globally, to deploy both Copilot for Microsoft 365 and Viva Suite at scale across its entire workforce. These solutions use artificial intelligence and natural language processing to enhance productivity and employee experience by automating a variety of daily tasks such as meeting and task management, drafting emails, inbox management and access to continuous learning and insights with Viva Insights and Viva Learning.

This latest investment by the firm in the integration of a holistic suite of AI-powered workplace solutions in collaboration with Microsoft, is a significant milestone in Clifford Chance’s digital transformation journey.

Clifford Chance was one of the first law firms globally to build its own private and … … weiterlesen →

LegalOn Introduces Generative AI Assistant for Contract Work

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Contract technology provider LegalOn has launched a new generative AI legal assistant. With the power of GPT-4, the security of SOC2 compliance, and extensive training and testing by attorneys, Assistant is generative AI upgraded for legal professionals. It has the abilities to check defined terms, locate critical clauses, draft revisions, and summarize a contract in seconds.

This assistant enables one to save time searching through contracts. Users can ask any questions about their contract – including its amendments and exhibits – and get answers on legal and business terms instantly. This allows them to effortlessly locate specific clauses or translate complex expressions into plain language, saving time. One can also ask Assistant to identify key terms within the contract, such as service descriptions, SLAs, and payment clauses, providing the user with a complete understanding of their agreements. 

Further, LegalOn Assistant can draft new clauses and revisions … … weiterlesen →

Thomson Reuters Launches CoCounsel Core in Canada and Australia

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Thomson Reuters, a global content and technology company, has continued the rapid execution of its AI technology strategy by making CoCounsel Core available in Canada and Australia. These are the first of the English-speaking international markets the generative AI legal assistant will be rolled out to, less than three months after the launch of CoCounsel Core to Thomson Reuters customers.

CoCounsel Core, introduced in the United States last year, equips today’s customers with eight generative AI-powered core legal skills, including Prepare for a Deposition, Draft Correspondence, Search a Database, Review Documents, Summarize a Document, Extract Contract Data, Contract Policy Compliance and Timeline. Together with AI-Assisted Research on Westlaw Precision and Ask Practical Law AI on Practical Law, these constitute the industry’s most comprehensive set of generative AI skills, designed to help lawyers quickly gather deeper insights and deliver a better work product.

In less than … … weiterlesen →

NodeMasters Partners with BRYTER to Deliver Bespoke Automation Projects

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NodeMasters, the straightforward consultancy for tailor-made process automation announces its new partnership with BRYTER, the leading no-code automation platform. NodeMasters caters to corporate and law firm customers of BRYTER around the globe.

NodeMasters’ suite of services is tailored to the needs of BRYTER customers:

  • Building as a Service: Delivering tailor-made solutions built on BRYTER.
  • Guided Building: Empowering customers’ own building efforts with tailored guidance & support.
  • Maintenance & Support: Flexible on-demand support for customers to maintain and enhance their BRYTER applications.
  • Training: Enabling BRYTER customers to derive maximum value from their license with a state-of-the art training program.

Michael Grupp, CEO of BRYTER, said: “The NodeMasters team is a group of incredibly smart, driven, and reliable consultants. They are coders and builders at heart while at the same time knowing the enterprise software landscape inside out. In numerous, very high-value projects they have shown reliability on deliverables, a high empathy for … … weiterlesen →

Darrow Launches AI-Powered Plaintiff-Finding Service PlaintiffLink

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Darrow has announced the launch of PlaintiffLink – a solution designed specifically for law firms to efficiently connect with qualified plaintiffs for their cases in order to bridge the gap between law firms’ expertise and the people who most need legal representation. This tool is set to revolutionize the legal industry by enabling attorneys to concentrate on their core mission: delivering justice to those who seek it.

PlaintiffLink is designed specifically for law firms to efficiently connect with qualified plaintiffs for their cases. With the focus on quality, a rigorous two-tier vetting system allows one to connect with qualified and motivated plaintiffs.

Needless to say, without a quality class rep, the legitimacy of the entire class action may be compromised, potentially jeopardizing the success of the case itself. Any delay in ultimately connecting with the right plaintiff may lead to procedural delays, which can result in … … weiterlesen →

Spellbook Raises $20M Series A Funding

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Spellbook has announced their $20M Series A funding round led by Inovia Capital. Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round.

“​​We’ve been amazed by the explosive usage growth our platform has experienced, since launching Spellbook as the first generative AI contract drafting tool in 2022” shared Scott Stevenson, CEO and co-founder of Spellbook, “This raise marks a major milestone for our team, and is indicative of the market traction we saw in 2023. With the new capital, we’ll continue innovating within the legal AI sector, partnering with the most law firms of any generative AI that we know of –and more importantly, to continue delivering new value to our customers.”

Over the last seven months, since announcing its seed funding, Spellbook has grown its customer base … … weiterlesen →

Evisort Launches Document X-Ray™

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Evisort has announced the launch of Document X-Ray™ to help organizations fully customize their AI journey with responsible, generative AI for contracts. The result is flexible, in-depth, user-driven contract analysis optimized for individual enterprises of any size and industry.

The entry point to Document X-Ray is Evisort’s Conversational AI experience, which lets one ask questions about contracts in simple, natural language and get clear, reasoned answers. Ask questions like “What happens if we terminate early?”, “Are rebates or discounts available?” or “Can we charge for partial performance?” and their AI will provide answers.

Document X-Ray turns those same questions into AI models that run automatically across all submitted contracts or any subset thereof. It creates structured data points on the fly, so one can track precisely the terms an organization cares about and make informed, strategic business decisions … … weiterlesen →

LexisNexis Announces Launch of Lexis+ AI Commercial Preview in Canada and the UK

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LexisNexis® Legal & Professional, calling itself a leading global provider of information and analytics, announced the launch of the Canadian and UK commercial preview of Lexis+ AI™, a generative AI solution designed to transform legal work. Grounded in their extensive repository of accurate and exclusive Canadian law content and use cases, Lexis+ AI combines the power of generative AI with proprietary LexisNexis search technology that seamlessly navigates both English and French legal content. Results are always backed by verifiable, citable authority. Lexis+ AI is now generally available in the U.S., following a successful commercial preview in 2023.

Lexis+ AI technology features conversational search, insightful summarization, intelligent legal drafting, and document upload capabilities, all supported by state-of-the-art encryption and privacy technology to keep sensitive data secure. Conversational search simplifies the complex and time-consuming legal research process, … … weiterlesen →

The New York Times Sues OpenAI and Microsoft Over AI Use of Copyrighted Work

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The New York Times is suing OpenAI and Microsoft for copyright infringement, claiming the two companies built their AI models by “copying and using millions” of the publication’s articles and now “directly compete” with its content as a result.

As outlined in the lawsuit, the Times alleges OpenAI and Microsoft’s large language models (LLMs), which power ChatGPT and Copilot, “can generate output that recites Times content verbatim, closely summarizes it, and mimics its expressive style.” This “undermine[s] and damage[s]” the Times’ relationship with readers, the outlet alleges, while also depriving it of “subscription, licensing, advertising, and affiliate revenue.”

The complaint also argues that these AI models “threaten high-quality journalism” by hurting the ability of news outlets to protect and monetize content. “Through Microsoft’s Bing Chat (recently rebranded as “Copilot”) and OpenAI’s ChatGPT, Defendants seek to free-ride on The Times’s massive investment in its journalism … … weiterlesen →

Robin AI Raises $26 Million in New Funding

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The new year has started off with good news for the Legal Tech Funding Market: as demand for generative AI in the legal sector explodes, Robin AI, the AI-powered legal copilot, has announced that it has raised $26 million in new funding. The Series B round is led by Temasek, a global investment company headquartered in Singapore. Other investors include QuantumLight, Plural and AFG Partners.

Robin AI was founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist at Imperial College. It leverages the power of generative AI to automate and speed up the process of drafting and negotiating contracts, as well as extracting information from across entire contract repositories through simple search. Its legal copilot, available as a Microsoft Word add-in, can cut the time it takes to review contracts by 85%, allowing businesses’ legal teams … … weiterlesen →

The 10 Best AI Training Courses for Lawyers

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AI has become an integral part of today’s developments and even everyday life. However, mastering it is not always as easy as it might seem – especially in the legal field – which is why, after intensive research, we have compiled a list of the 10 best AI training courses and platforms for lawyers, legal professionals and students. This list is supposed to help anyone interested in extending their knowledge about the workings of AI and its possibilities in the legal context.

1. CS50 for Lawyers by Harvard University

This course is a variant of Harvard University’s introduction to computer science, CS50, designed especially for lawyers (and law students). Through a mix of technical instruction and discussion of case studies, this course empowers students to be informed contributors to technology-driven conversations. In addition, it prepares students to formulate technology-informed legal arguments and opinions. Along … … weiterlesen →

Harvey Raises $80M Series B From Elad Gil, Kleiner Perkins, OpenAI and Sequoia

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Harvey has announced that it has raised $80M Series B funding. Their Series B is co-led by Elad Gil and Kleiner Perkins with participation from OpenAI Startup Fund and Sequoia. The $80 million investment brings Harvey’s total funding to over $100 million and values Harvey at $715 million.

Harvey is grateful to its existing investors Elad, Pat, Charlie, Brad, and Ian for their ongoing commitment and support, and looks forward to working closely with Ilya, Mamoon, Everett and the rest of the Kleiner Perkins team. They also thank their customers for trusting Harvey for complex, sensitive work and for partnering with them in deploying generative AI to augment productivity and streamline workflows.

Over the past year, … … weiterlesen →

Google Introduces Gemini – Its Largest and Most Capable AI Model

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Google has announced the introduction of Gemini, the most capable and general multimodal AI model it has ever built.

Gemini is the result of large-scale collaborative efforts by teams across Google, including their colleagues at Google Research. It was built from the ground up to be multimodal, which means it can generalize and seamlessly understand, operate across and combine different types of information including text, code, audio, image and video.

Gemini is also their most flexible model yet — able to efficiently run on everything from data centers to mobile devices. Its state-of-the-art capabilities will significantly enhance the way developers and enterprise customers build and scale with AI.

Google has been rigorously testing its Gemini models and evaluating their performance on a wide variety of tasks. From natural image, audio and video understanding to mathematical reasoning, Gemini Ultra’s performance exceeds current state-of-the-art results on 30 … … weiterlesen →

OpenAI – (No) Change in Leadership

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Controversy, threats, and a glorious comeback – what may sound like the plot of a novel at first has recently become reality for OpenAI, a leading company in generative AI.

The initial transition

On November 17th, the OpenAI board announced that Sam Altman would depart as CEO and leave the board of directors. Mira Murati, the company’s chief technology officer, would serve as interim CEO, effective immediately.

In a statement, the board of directors said: “OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission. We are grateful for Sam’s many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward. As the leader of the company’s research, product, and safety functions, … … weiterlesen →

Nexl Secures $6.6M Series A to Modernize the Business of Law

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Nexl, the all-in-one collaboration platform trusted by over 100+ law firms around the world has successfully raised $6.6M in Series A funding. The investment round was co-led by Shearwater Capital and one of Nexl’s existing investors, Australian-based B2B venture capital firm EVP, bringing Nexl’s total funding for 2023 to $10M. 

In 2021, Nexl made its debut as a revolutionary “no-data-entry” CRM, aiming to address the long-standing issue of inaccurate relationship data within the legal industry. However, the company soon discovered a series of ever more pressing challenges faced by firms across the world — essentially, collaboration across law firm departments. Recognizing the importance of overcoming this obstacle, Nexl set itself a goal to continue to evolve.

Over the past two years, Nexl has undergone a transformation. Fast forward to 2023, and Nexl continues to not only uphold its commitment to resolving relationship data problems for law … … weiterlesen →

Slaughter and May Seeks Out Legal Tech Companies With Generative AI Focus for Legal Tech Programme

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Slaughter and May is opening applications for the fourth round of the firm’s flagship legal tech programme, Collaborate. The programme is open to all types of legal tech products at all stages of development, but applications from products with a generative AI focus are encouraged. 

A number of legal tech businesses will be selected to join the 12-week programme, benefiting from dedicated feedback, support, skills sessions, mentoring and access to the firm’s network of industry contacts. Additional support will also be available from several of the firm’s international peers via the Collaborate Advisory Network, and the 17 companies it has supported to date via the Collaborate Alumni Network. 

Each cohort member will also benefit from access to the Slaughter and May Client Innovation Network. Established in 2021, the Network acts as a forum for members of in-house legal and legal operations teams to share ideas and experiences within … … weiterlesen →

Aleph Alpha Raises a Total Investment of Over Half a Billion US Dollars From a Consortium of Industry Leaders and New Investors

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Heidelberg-based Aleph Alpha, calling itself a leader in the field of explainable and trustworthy AI, announced the successful signing of its Series B financing round. The company raised more than 500 million US Dollars from a consortium of a total of seven new investors as well as existing investors from previous rounds.

The consortium is led by the Innovation Park Artificial Intelligence (Ipai), Bosch Ventures and the companies of Schwarz Group. Other new investors include Berlin-based Christ&Company Consulting, the global edge-to-cloud company Hewlett Packard Enterprise and German multinational enterprise application software company SAP, as well as Burda Principal Investments. Existing institutional investors participate in addition, completing the oversubscribed round.

Each party involved in this round plays a vital role in helping Aleph Alpha achieve its goal of providing sovereign AI solutions to enterprises and governments. The total funding exceeds half a billion US dollars, encompassing a … … weiterlesen →

Inflexion and Allen & Overy Partner to Drive Growth of aosphere Business

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Inflexion Private Equity and Allen & Overy (A&O) have announced a strategic partnership to drive the continued growth of aosphere.

The legal and compliance data subscription platform will become a stand-alone entity with A&O retaining a significant minority stake in the profitable business it created in 2002.

As part of the transaction, Inflexion’s Partnership Capital II fund will make a strategic investment alongside A&O and Endicott Capital, a US-based investor specialising in the information services industry and comprised of experienced operators who have built and led successful companies through similar growth ambitions.

aosphere serves over 725 blue-chip clients including banks, asset managers and corporates, providing online legal analysis on a subscription basis across a range of key compliance topics in complex areas such as financial derivatives, shareholder disclosure requirements, cross-border marketing, and data privacy. The platform creates efficiencies for users by providing standardised legal analysis on … … weiterlesen →

LexisNexis Launches Lexis+ AI, a Generative AI Solution with Linked Hallucination-Free Legal Citations

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LexisNexis® Legal & Professional, calling itself a leading global provider of information and analytics, announced general availability of Lexis+ AI™ for U.S. customers, a generative AI solution designed to transform legal work. Lexis+ AI delivers trusted results in a familiar, easy-to-use interface with linked hallucination-free legal citations that combine the power of generative AI with proprietary LexisNexis search technology, Shepard’s® Citations functionality, and authoritative content.

Developed with commercial preview users from leading global law firms, corporate legal departments, small law firms, and U.S. courts, Lexis+ AI answers are grounded in the world’s largest repository of accurate and exclusive legal content from LexisNexis. Lexis+ AI provides comprehensive results in seconds versus minutes, making it multiple times faster than any other legal generative AI solution available today. The solution’s AI capabilities were built internally at LexisNexis with world-leading tech … … weiterlesen →

vLex Launches Major Upgrade to Vincent AI

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Global legal intelligence company vLex released a suite of AI tools in its award-winning assistant Vincent AI, creating the world’s most comprehensive AI legal research platform. vLex launched the suite of large language model (LLM) tools in an invitation-only beta, and will roll them out to additional users in the coming months. 

Vincent AI is a significant step forward for AI-powered legal analysis, because it is based on one of the world’s largest online law libraries. vLex contains the law of more than 110 nations, and includes more than 1 billion cases, statutes, regulations, dockets, pleadings and motions in its collection. Vincent AI also uses secondary materials and expert treatises, many of which have expert analysis not included in other tools. 

The new Vincent AI tools already work in the United Kingdom, the United States, Ireland, and Spain, in English and Spanish, … … weiterlesen →

Evisort Creates First LLM for Contracts and Launches New AI Engine

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Evisort, calling itself the leader in artificial intelligence (AI) for contract lifecycle management (CLM) and analysis, announced its successful development of the industry’s first large language model (LLM) specifically for legal agreements. Evisort’s bespoke LLM will be a key component of the company’s new, multi-faceted generative AI engine, combining third-party and proprietary technology to bring unparalleled innovations to contract management.

The rise of general LLMs such as OpenAI’s ChatGPT, Anthropic’s Claude, and Meta’s LLaMA 2 has sparked the imagination of users and ushered in a new wave of AI investment. However, the complexity and unique terminology associated with contracts necessitate a domain-specific model to optimize the benefits of generative AI for legal and business stakeholders. 

Created by Evisort AI Labs, which has developed proprietary AI technology for legal use cases since 2016, Evisort’s LLM is a Transformer-based language model trained and fine-tuned … … weiterlesen →

Clio Delivers Personal Injury Law Solution for Lawyers and Multi-Practice Firms

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Clio, calling itself the world’s leading provider of cloud-based legal technology, has announced a new end-to-end solution designed for law firms with personal injury practices. This solution is built on the legal industry’s most widely used cloud-based legal practice management software, Clio Manage, and addresses the distinct workflows, procedures, and requirements intrinsic to personal injury law. 

This launch marks Clio’s first practice-specific customization, delivering technology to meet the needs of 50,000 personal injury lawyers practicing across the United States. It also serves a demand for personal injury lawyers to work seamlessly on a centralized cloud-based platform within larger, multi-practice firms. 

“For too long personal injury lawyers have compromised on what they need from their technology partners—resulting in complex workflows, poor efficiency, and substandard user experiences,” said Jack Newton, CEO and Founder … … weiterlesen →

Darrow Raises $35 Million in Series B Funding to Expand AI Platform for Intelligent Legal Violation Detection

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Darrow, calling itself the leading Justice Intelligence platform, announced that it has raised $35 million in Series B funding. Georgian led the round, which included current investors, F2, Entrée Capital and NFX, with Darrow earmarking the funds to recruit top talent in R&D and go-to-market functions, break into new legal domains and scale its large language models designed to detect and support potential class action litigation.

“Every day, countless legal violations impacting a vast number of individuals slip through the cracks, though the evidence behind these violations and the legal theories to support potential cases are widely available,” said Evyatar (Evya) Ben Artzi, co-founder and Chief Executive Officer of Darrow. “It isn’t humanly possible for lawyers to parse through this endless amount of data, so Darrow’s platform leads this crucial piece of the process, helping law firms grow their business while maximizing impact for the people they serve.”

Darrow’s … … weiterlesen →

“How to Build a Legal Tech Unicorn” – September 27th in Munich

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Join UnternehmerTUM for an insightful journey at “How to Build a Legal Tech Unicorn” – a half-day conference taking place on the 27th of September in Munich!

UnternehmerTUM states that this event is dedicated to unravelling the intricacies of creating a game-changing and industry-defining business. Further, it presents an opportunity to meet high-profile speakers such as: Bastian Nominacher (Co-Founder, Celonis), Dagmar Mundani (General Counsel, Siemens Healthineers) and Jorn Vanysacker (Co-Founder, Henchman).

Law touches many aspects of our business and personal lives. Technologies such as generative AI or blockchain have the potential to fundamentally change the way we interact with law. To make this disruptive change happen, UnternehmerTUM is convinced that we need internationally scalable and successful start-ups.

In addition, the event will celebrate the first anniversary of the Legal Tech Colab – the emerging … … weiterlesen →

Baker Botts Formalizes 60-Plus-Lawyer Artificial Intelligence Practice Team

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Baker Botts L.L.P., calling itself a leading international technology, energy and life sciences law firm, has announced the formalization of a cross-discipline, 60-plus-lawyer Artificial Intelligence (AI) Practice Team, following a sharp increase in client demand.

The group includes lawyers in nine offices and is co-led by partners Dino Barajas (Project Finance, San Francisco); Rich Harper (Litigation, New York); Maggie Welsh (Intellectual Property, New York); and Travis Wofford (Corporate, Houston).

The team provides transactional, regulatory, litigation and counseling services to clients in a wide range of industries, including technology, life sciences, energy, consumer products & services, financial & insurance services, manufacturing, and education & research.

The practice group helps clients navigate the dynamic world of AI as a full-service law firm with specific experience and expertise in AI legal matters. The team understands the complexities of AI, from data collection to training algorithms, machine learning, automation, and beyond.

In addition, Baker Botts is convinced it … … weiterlesen →

Automated Compliance: German start-up Secjur expands into Switzerland

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Kommentare deaktiviert für Automated Compliance: German start-up Secjur expands into Switzerland

New data protection laws, increasing regulation, greater risk of cyber attacks: The challenges for entrepreneurs are becoming ever greater. However, compliance can be largely automated through artificial intelligence. Secjur calls itself one of the world’s leading providers in this field. The German legal tech scaleup is now launching its business in Switzerland.

On September 1, a new data protection law (revDSG) has come into force in Switzerland. All companies are now obliged to adapt to the revised regulations, which are aligned with EU directives. Secjur’s founders are very familiar with the EU regulations. In 2018, Niklas Hanitsch and Manuel Stahl founded their start-up for automated compliance, joined by Simon Pentzien and Sven Moritz as co-founders by 2021. Since then, they have won the German Start-up Cup for their solution. Just in time for the adaptation to the EU data protection law, they are launching their business in Switzerland with offices … … weiterlesen →

ABA Forms Task Force to Study Impact of Artificial Intelligence on The Legal Profession

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Kommentare deaktiviert für ABA Forms Task Force to Study Impact of Artificial Intelligence on The Legal Profession

American Bar Association President Mary L. Smith announced the creation of the ABA Task Force on Law and Artificial Intelligence (AI) to examine the impact of AI on law practice and the ethical implications for lawyers.

The AI Task Force will explore:

  • Risks (bias, cybersecurity, privacy, and uses of AI such as spreading disinformation and undermining intellectual property protections) and how to mitigate them
  • Emergent issues with generative AI
  • Utilization of AI to increase access to justice
  • AI governance (the role of laws and regulations, industry standards, and best practices)
  • AI in legal education

“The American Bar Association and the legal profession have always lifted their voices to lead and chart the future,” Smith said. “At a time when both private and public sector organizations are moving rapidly to develop and use artificial intelligence, we are called … … weiterlesen →

Agiloft Launches AI Trainer to Empower Non-Technical Users

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Agiloft, calling itself the global standard in agile contract lifecycle management (CLM), announced the release of AI Trainer, a powerful, new AI model training capability that will empower non-technical users to fully customize the way they review and analyze contracts. Designed to be a force multiplier for legal and contract teams, AI Trainer empowers non-technical, subject matter experts to train Agiloft’s AI to identify important key terms and clauses, so they can quickly analyze and draw actionable insights from their contracts, then share that business-critical intelligence with the rest of their organization to drive real enterprise value. Agiloft’s AI Trainer also actively accelerates its own training process by continuously learning and then auto-suggesting additional relevant data for users to consider tagging.

“No two contracts are quite alike, nor are any two organizations. That is why relying on pre-trained, generic AI models alone … … weiterlesen →

The Contract Network Announces $8M in Seed Funding

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Kommentare deaktiviert für The Contract Network Announces $8M in Seed Funding

The Contract Network, an AI-powered contract collaboration platform, announced that it has raised $8M in Seed funding. The round was led by Tusk Venture Partners, with participation from Andrew Sieja (Founder of Relativity), The Legal Tech Fund, Mayo Clinic, Toba Capital, and GC&H Investments, an investment fund associated with Cooley LLP. The platform helps accelerate dealmaking by increasing the speed of the contract negotiation process.

Launched earlier this year, The Contract Network’s platform parses out contracts into their individual clauses, turning agreements into “data from the first draft,” and uses generative AI to provide context and market insights for each change and redline. Stakeholders can collaborate on contracts in real-time and with full visibility into every change that is made with AI-powered translation from legal jargon to plain language. The Contract Network works in concert with existing Contract Lifecycle Management (CLM) platforms and … … weiterlesen →

Filevine Launches ImmigrationAI to Simplify Paperwork

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Kommentare deaktiviert für Filevine Launches ImmigrationAI to Simplify Paperwork

Filevine, the most powerful immigration case management software on the market, recently announced the launch of ImmigrationAI, a new tool that deploys artificial intelligence (AI) to help law firms streamline their immigration operations and simplify the immigration application process for their clients. ImmigrationAI joins Filevine’s other AI features, including AIFields and DemandsAI.

Utilizing existing case information stored in Filevine, ImmigrationAI extracts key data points from various documents such as licenses and passports, assists in completing USCIS forms, and tracks form statuses. Immigration attorneys and their clients not only benefit from AI-powered document scanning and automated form fill, unique to Filevine, but also application support via a questionnaire available in 170 languages and question guides to ensure completion. 

The existing process for filing immigration paperwork is complex and time-consuming, but with ImmigrationAI by Filevine, assembling documentation, completing forms, and tracking progress … … weiterlesen →

LexisNexis Acquires Case Law Analytics

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LexisNexis announced the acquisition of Case Law Analytics, a French legaltech company specializing in the modeling of legal risk using artificial intelligence.

Created in 2017, Case Law Analytics has developed a legal risk assessment solution based on a rigorous analysis of legal texts and the use of artificial intelligence and probabilistic models. The solution makes it possible to simulate the possible outcomes of litigation proceedings in more than twenty legal areas covering civil law, business law, social law. It provides valuable assistance in defining the best strategy to adopt to resolve a dispute, and easily find the case law closest to the case in question to better defend it. According to LexisNexis, the company now supports 6,000 users, within insurance companies, law firms, legal departments and human resources.

Eric Bonnet-Maes, CEO LexisNexis Continental Europe, … … weiterlesen →

LexisNexis Collaborates with Microsoft on Product Integrations and Generative AI Capabilities

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Kommentare deaktiviert für LexisNexis Collaborates with Microsoft on Product Integrations and Generative AI Capabilities

LexisNexis Legal & Professional, a leading global provider of information and analytics, announced the integration of AI-powered solutions with Microsoft 365. Both companies are also working on solutions integrating Microsoft Azure OpenAI, built on a long-standing relationship and experience working with AI and large language models, and previously announced plans for incorporating generative AI into its products.

These integrated products – Lexis+®, Lexis® Connect, Lexis® Create, and Lexis®Create Plugin with Microsoft 365 Copilot – provide legal professionals with intelligent, AI-powered tools, enhanced capabilities, and more efficient, guided workflow experiences where they already work the most: Microsoft Outlook, Word, and Teams. Additionally, LexisNexis is focused on enhancing its use of GPT-powered technology with Azure OpenAI Service which has already been rolled out to customers via Lexis+.

 “Microsoft and LexisNexis have a long history of collaboration, and we’re excited about how our Microsoft-integrated products will help improve the lives and … … weiterlesen →

Everlaw Unveils AI Assistant Powered by Generative AI

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Kommentare deaktiviert für Everlaw Unveils AI Assistant Powered by Generative AI

Everlaw, the cloud-native investigation and litigation platform, announced its EverlawAI portfolio with newly released generative AI features available in a beta program to give legal teams an instant leg-up in text-based work and greater productivity across legal workflows within its trusted and highly secure platform.

Everlaw unveiled three videos to outline the news and add greater context. 

Litigation requires legal teams to summarize complex documents and thread together facts from hundreds and even thousands of sources. Research shows drafting motions or briefs is one of the most time-consuming tasks for litigators, requiring on average more than 20 hours of work per month. Shortening the time to create written materials and summarize complex documents promises greater efficiency and productivity across the $ 950 billion global legal services market.

Not only does EverlawAI Assistant deliver speed in writing drafts, its AI insights are also tightly integrated throughout the Everlaw … … weiterlesen →

rightmart Group schließt Series B-Finanzierung in Höhe von 27,5 Mio. EUR ab

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Kommentare deaktiviert für rightmart Group schließt Series B-Finanzierung in Höhe von 27,5 Mio. EUR ab

Die rightmart Group, einer der führenden Legal Tech-Anbieter für Verbraucherrechtslösungen, sichert sich 27,5 Mio. EUR – und schließt damit die bisher größte Series B-Finanzierung für Legal Tech-Unternehmen mit Verbraucherfokus in Deutschland erfolgreich ab. Diese wurde von zwei strategischen Investoren getragen: dem Rechtsschutzversicherer KS/AUXILIA, der bereits in der vorherigen Series A-Finanzierungsrunde investierte, sowie der LVM Versicherung, die als neuer Investor an Bord ist. Beide Investoren verfolgen langfristige Pläne, rightmart gemeinsam mit den Gründern aufzubauen. Der Vollzug steht noch unter dem Vorbehalt der Freigabe des Bundeskartellamts.

Finanzierung markiert Start einer Konsolidierungsstrategie

Seit ihrer Gründung 2016 verzeichnet die rightmart Group ein organisches Wachstum von durchschnittlich 60 % pro Jahr. Um dieses Wachstum weiter zu beschleunigen und Skaleneffekte zu maximieren, hat das Unternehmen die Series B- Finanzierungsrunde eingeleitet. Die Finanzierungsrunde soll nicht nur das organische Wachstum von rightmart unterstützen, sondern markiert auch den Start einer Konsolidierungsstrategie für den Verbraucherrechtsmarkt. So … … weiterlesen →

Knowliah Announces Strategic Acquisition by STP Group

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Knowliah, a leading European provider of Enterprise Legal Management solutions, announced that it has been acquired by STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries and legal departments based in Karlsruhe, Germany. This strategic move underscores Knowliah’s and STP’s commitment to international expansion and solidifies their position as a key player in the legal tech industry.

Knowliah has garnered recognition as a trailblazer in legal tech, specializing in process optimization and communication within legal departments. By effectively managing operational and legal processes and streamlining document-related tasks, Knowliah’s AI-powered SaaS platform has revolutionized the way businesses operate. According to Knowliah, Gartner has acknowledged the company as an innovative enterprise legal management vendor, with its solutions trusted by more than 25,000 users across 25 countries, including esteemed companies such as Schindler, Allnex, Daikin, MSC, and Geely.

The acquisition by … … weiterlesen →

Hogan Lovells Launches Own Legal Tech Brand ELTEMATE

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Kommentare deaktiviert für Hogan Lovells Launches Own Legal Tech Brand ELTEMATE

Global law firm Hogan Lovells announced the launch of ELTEMATE, a new Hogan Lovells technology brand. 
 

ELTEMATE will unify the firm’s legal technology offerings under one core global team to help provide clients with high end, digital solutions to address challenges in all areas of law.

Moving forward, the ELTEMATE brand will house and develop Legal Tech and AI solutions. Other products include smart databases, e-discovery tools, deal rooms, apps, and legal tech consulting services. ELTEMATE works closely with legal teams and will be home to AI experts and software engineers. In this regard, it will not only bundle third party solutions, but also develop its own, proprietary software. For example, the team has developed a new, cutting-edge AI tool, which enables clients to navigate the ever-changing landscape of regulatory developments by streamlining the review and processing of … … weiterlesen →

Thomson Reuters Signs Definitive Agreement to Acquire Casetext

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Kommentare deaktiviert für Thomson Reuters Signs Definitive Agreement to Acquire Casetext

Thomson Reuters Corporation, a global content and technology company, announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash.

The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, the development of new generative AI experiences across its product suite, as well as a new plugin with Microsoft and Microsoft 365 Copilot for legal professionals.

Founded in 2013, Casetext uses advanced AI and machine learning to build technology for legal professionals, creating solutions that help them work more efficiently and provide higher-quality representation to more clients. Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments.  

Casetext was granted early access to OpenAI’s GPT-4 large language model, allowing it to … … weiterlesen →

Aderant Introduces AI-Powered Virtual Associate MADDI

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Kommentare deaktiviert für Aderant Introduces AI-Powered Virtual Associate MADDI

Aderant, a leading global provider of legal business management solutions, announced the introduction of MADDI, a revolutionary new AI-powered virtual associate that is being applied across the company’s applications and is intuitively designed to not only automate routine, repeatable tasks but enable actionable insights and behavioral prompts to optimize complex activities across the firm. MADDI brings calm to the growing chaos of billing and matter management by harnessing the power of AI through automation and predicted activities to streamline manual processes and solve firms’ biggest challenges.

MADDI is pre-trained on an extensive body of knowledge from several Aderant applications, requiring minimal experiential training from law firms, and ensures quick time-to-value with a continuous learning path. MADDI is the powerful engine behind the recently launched Onyx, a breakthrough solution that fully automates and unifies outside counsel guidelines (OCG) compliance across time, billing, and e-billing. MADDI is … … weiterlesen →

UC Law’s LexLab Announces New Justice Tech Startup Program

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LexLab, a center at UC Law San Francisco that focuses on law, technology, and innovation, is joining forces with gener8tor, Village Capital, and the Justice Technology Association for a groundbreaking accelerator program supporting justice tech startups, according to a June 8 news release.

Launched in 2019, LexLab has worked with over 100 entrepreneurs to hone their offerings and is recognized as a leader in accelerating legal technology startups.

“There is a huge need to increase the availability and quality of legal services and tools in both the criminal and civil justice systems,” said Drew Amerson, director of LexLab. “We’re thrilled to be partnering with these amazing organizations in welcoming justice tech startups to the UC Law SF community, giving our students an opportunity to work with entrepreneurs committed to addressing the … … weiterlesen →

Lexion Raises $20M Series B Allowing the Company to Expand AI-Powered Contract Management Solution

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Kommentare deaktiviert für Lexion Raises $20M Series B Allowing the Company to Expand AI-Powered Contract Management Solution

Lexion, the AI-powered contract management and operations workflow platform, announced a $20 million Series B funding round led by Point72 Ventures, with participation from Citi Ventures, and existing investors Khosla Ventures, Madrona Venture Group, and Wilson Sonsini. This latest investment brings the total amount raised to more than $35 million, allowing the company to further enhance Lexion’s core platform and AI capabilities to help every department close deals faster.

Originally developed at the Paul Allen Institute for Artificial Intelligence as a contract management system for lawyers, Lexion’s artificial intelligence and automation capabilities have accelerated legal work and streamlined processes across multiple disciplines, including sales, procurement, finance, and technology.

Gaurav Oberoi, CEO of Lexion, explains how the new funding will be used to accelerate Lexion’s AI landscape: “Lexion is all about helping every team do more business, faster. We’ve … … weiterlesen →

TPG to Acquire Majority Stake in Thomson Reuters Elite

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Kommentare deaktiviert für TPG to Acquire Majority Stake in Thomson Reuters Elite

TPG and Thomson Reuters announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million. The Elite business provides financial and practice management solutions to the world’s leading law firms, helping customers automate and streamline critical finance and accounting workflows.

The transaction will enable Elite to operate with greater focus, providing additional resources and expertise to accelerate growth and better support its customers as they digitally transform to meet the evolving needs of their clients. Upon closing of the transaction, TPG Capital, TPG’s U.S. and European late-stage private equity business, will become the majority shareholder of the standalone business. Thomson Reuters will retain a minority ownership stake in the business and have board representation, supporting Elite strategically going forward.

“We feel strongly … … weiterlesen →

Slaughter and May Pilots AI Transcription Tool Designed for Legal Sector

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Kommentare deaktiviert für Slaughter and May Pilots AI Transcription Tool Designed for Legal Sector

The international law firm Slaughter and May will pilot the JUST: Access proprietary AI large language model, part of a suite of transcription tools.

The language model, developed in conjunction with leading academics with the help of Innovate UK, was created by transcribing hundreds of hours of court audio using the very latest in Natural Language Processing, ChatGPT and Machine Learning.

Just: Access is a leader in speech to text transcription technology for the legal and regulatory sector. Its aim is to deliver market-leading accuracy, searchability and efficiencies around legal information to lawyers, such as those at Slaughter and May.

Frustrated by the cost and accessibility of legal transcripts, founder Sophie Walker, a practising barrister herself, developed JUST: Access as an AI transcription platform with … … weiterlesen →

Registration for CodeX Future Law is Open

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On April 13, 2023, CodeX – The Stanford Center for Legal Informatics, hosts its eleventh annual conference focusing on the way technology is changing the legal profession and the law itself, and the way these changes affect us all.

CodeX FutureLaw brings together the academics, entrepreneurs, lawyers, investors, policymakers, and engineers spearheading the tech-driven transformation of our legal system. Join for a unique educational event and an opportunity to connect and exchange ideas with legal tech innovators from around the world. 

At CodeX, researchers and entrepreneurs design technologies for a better legal system; CodeX’s mission is to create legal technology that empowers all parties.

This year, speakers will cover the topics Court Process Automation, Government Relationship Management, NLP Technologies, Aligning AI with Humans, Blockchain, Crypto, and more.

You can register here.

For more information, visit … weiterlesen →

ContractPodAi Introduced New AI Assistant ‘Leah’

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ContractPodAi, the award-winning AI-powered, contract lifecycle management (CLM) platform, announced the launch of Leah, its new AI services hub that is aimed to be a generational shift in the way CLM is delivered.

With the new release, ContractPodAi also shares its AI Best Practice framework as the underlying value-based principles steering the innovation and design of the AI technology to drive smarter, faster, and more predictive outcomes for customers. The three core values of the framework include:

  • Following precedents and standardized processes and not “re-inventing the wheel” in contract negotiations with existing vendors and customers
  • Measuring contract performance across core business functions and using real time benchmarking analytics with cohort trends to improve performance of contract management function
  • Using AI technology in an ethical and responsible manner to drive better outcomes for businesses and their ecosystem stakeholders

“We are excited to share the next generation … … weiterlesen →

Marketingstrategie für juristische Dienstleister

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von Su Reiter

Innerhalb der letzten 20 Jahre ist das Thema Online Marketing für verschiedene Branchen zu einer Top-Priorität geworden. Auch die Rechtsbranche passt sich immer mehr an das digitale Zeitalter an. Für viele juristischen Dienstleister ist klar: Rechtsprodukte sind nicht nur eine lukrative Einnahmequelle, sondern erleichtern Ratsuchenden den Zugang zum Recht. 

Warum Kanzleien und juristische SaaS-Unternehmen dabei auf eine Marketingstrategie setzen sollten und worum es dabei konkret geht, erklärt Content Marketing-Expertin Su Reiter in diesem Fachartikel zum Thema.

Beratung vs. Software: Die Rechtsbranche verändert sich

Der Dienstleistungssektor hat sich in den letzten Jahren grundlegend verändert: Während es früher ausschließlich darum ging, klassische Beratungsleistungen anzubieten, entwickeln innovative Startups und moderne Kanzleien mittlerweile eine Vielzahl von verselbstständigten Rechtsprodukten, die sich durch eine gezielte Marketingstrategie verbreiten lassen.

Der Bedarf an Rechtstools ist so hoch, dass der Begriff „AGB-Generator“ allein in Deutschland fast 2.000 … … weiterlesen →