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Legal Tech
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Key Congressional Leaders Float Sweeping Data Privacy Bill
The heads of the U.S. Senate and House commerce committees have taken a major step toward enacting a comprehensive federal consumer data privacy framework, reaching a long-awaited deal on proposed legislation that would minimize the personal data companies can gather, allow consumers to bring lawsuits and eliminate a growing patchwork of state laws.
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Legal Tech Funding Fell In Q1 As Debt Financing Stayed Level
Legal technology companies raised less money in the first quarter of 2024 than in the same period last year and reported fewer capital raises, but debt financing deals remained steady.
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Lawyers Need To Better Understand Perils Of AI, Paper Argues
As generative artificial intelligence becomes more commonplace in the legal industry, attorneys must better understand the limitations of large language models and programs to "reason" so as to best take advantage of the burgeoning technology, a Hong Kong-based law professor argues in a new research paper.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry marked the beginning of April with another busy week as law firms expanded their offerings and made new hires. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Legal Tech Roundup: Array, Relativity
This week, there was a shakeup in e-discovery with an acquisition and a new CFO. Also, a former CEO bought a majority stake in a legal technology company this week. Here's a roundup of the biggest legal tech news from this week.
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AI Assistant Offers 'Second Brain' To Small Plaintiffs Firms
The legal tech startup Eve is specifically targeting plaintiffs firms with its new AI-native law firm program, using artificial intelligence trained by lawyers and customized to a firm’s caseload. The first firm to pilot the program, Frontier Law Center, says the comprehensive AI assistant has been a game changer.
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Tokyo's Robot Consulting Nets $7M, Plans Global Expansion
Tokyo-based Robot Consulting Co. announced on Tuesday the raising of 1.07 billion yen (around $7.08 million) in a Series B funding round to deliver a "robot lawyer" that uses large language models to deliver legal consultations.
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Lexitas Acquires Calif. Records Retrieval Co. Kopy Kat
Litigation services company Lexitas announced on Wednesday its acquisition of Brea, California-based Kopy Kat, marking the second purchase of a records retrieval business by Lexitas this year.
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Reed Smith Aims To Spearhead Innovation With Novel Role
In an effort to reevaluate how it conducts traditional business operations and offers legal services, Reed Smith LLP is hiring a director of change leadership to support the firm's goal of creating a culture of innovation and continuous improvement.
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Contract Tool Latch Rebrands To Ivo, Raises $4.8M Investment
Latch, a contract software company that uses generative artificial intelligence, changed its name to Ivo and secured $4.8 million in new funding on Thursday.
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Antitrust Suits Remain Low Despite Slight 2023 Spike
Federal enforcers and private plaintiffs filed more new antitrust cases last year than the year before but the slight uptick still kept 2023 as the second lowest in a decade, according to a new Lex Machina report.
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Ga. Attys Want To Use AI Power At New Tech-Focused Firm
A former Morris Manning & Martin LLP partner and an ex-Krevolin & Horst LLC counsel have unveiled a new Atlanta-based law firm designed to wield artificial intelligence and other technologies to better serve clients' needs.
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Task Force Releases New AI Guidance For Courts
The National Center for State Courts' artificial intelligence rapid response team has released more interim guidance on how courts can start experimenting with AI and what they should consider about platforms using the technology, the center said Wednesday.
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Legal Talent Co. Adds Ex-Ironclad Marketer As Revenue Lead
Legal industry staffing firm Latitude announced Tuesday the hiring of a former marketing lead at contract software company Ironclad as its chief revenue officer.
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Can This Startup Prove Dispute Resolution Cos. Are Viable?
After a well-known dispute resolution startup became insolvent and entered liquidation in late 2023, the space has been volatile. A new startup, however, is trying to become viable.
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Houston Firm Ditches Proposed Data Breach Class Action
A Texas federal judge threw out a proposed class action accusing Fleming Nolen & Jez LLP of waiting a month to disclose a cyberattack that exposed more than 100 clients' protected health information, citing the lead plaintiff's admission that she didn't even know if any of her data was compromised.
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Winston & Strawn Launches Low-Cost Legal Services
Winston & Strawn LLP announced Wednesday the launch of a low-cost legal solutions option to compete with alternative legal service providers.
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11th Circ. Sends OpenAI Fee Fight Back To District Court
The Eleventh Circuit vacated a Georgia federal judge's decision not to dock OpenAI attorney fees for attempting to remove a Georgia radio host's defamation suit to federal court, saying the judge should have but did not adequately explain the reasons for the denial.
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GCs See Tough Year Of Budget, Tech, Talent Struggles Ahead
A new study released Tuesday paints a bleak picture of general counsel seeing their legal departments stretched to the limit while facing complex new financial, cybersecurity, privacy, AI and other laws, with no new resources in sight.
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As E-Discovery Changes, Existing Disco Clients Spend Less
Existing customers for the e-discovery vendor CS Disco Inc. spent $11 million less in 2023 than the previous year, according to financial results released in February. This decline in customer spending occurs as experts say some law firms are switching e-discovery providers due to rising costs and frustration from industry consolidation.
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HR Tech Co. Buys Cooley-Backed Equity Compensation Biz
An equity compensation tool backed by BigLaw firm Cooley LLP and used by companies with an international workforce has been acquired by a global HR tech company, according to an announcement Tuesday.
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Legal AI Tool Luminance Secures $40M Investment
The legal artificial intelligence co-pilot Luminance Technologies Ltd. raised a $40 million Series B investment Tuesday.
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Snapshot: Dye & Durham Mulls Hedge Firm Offer
Shareholders for Dye & Durham Ltd. will gather for a special meeting on Aug. 20 following a requisition by the activist investor Engine Capital LP, the legal practice management software company announced on March 29.
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E-Discovery Center To Tackle Testimony Evidence, File Sizes
The Electronic Discovery Reference Model, which works on providing resources to improve e-discovery, privacy, security and information governance, announced on Monday two new initiatives targeting both technical and procedural improvements.
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Technology Attorney Returns To Moses & Singer
An attorney focused on technology and data has returned to Moses & Singer LLP as a partner after two years in-house, the firm announced Monday.