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The cloud-based e-discovery company Nextpoint has received a growth capital investment from RF Investment Partners , a company that provides structured growth capital. The firm will provide discovery and litigation legalservices to other law firms and to corporate legal departments.
It took years to shape into a formal industry and to be christened Alternative LegalService Providers. This fact was further reiterated by Thomson Reuters’ Alternative LegalService Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.
It is as if we are serving time in a legal tech limbo. Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. After all, it was a good year for the legal tech industry. But in 2021, progress felt slower, as if we were mired in malaise.
Therefore, legalservice providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative LegalService Providers (ALSPs). Tracing the ALSPs’ growth path.
Members of the Legal Technology Resource Center Board and other ABA members then analyze some of the information gleaned from the survey and the resulting ABA Legal Technology Survey Report and write articles covering their findings. The 2021 Technology Survey Report Covered the following areas: Online Research.
This initiative launched in 2015 with a list of innovators and leaders in legal technology and with this year’s additions, that list now includes 132 talented and influential women leaders. Every Monday and Wednesday, we will be featuring a woman from our class of 2021. Register for the 2021 Women of Legal Tech Summit!
It is a library of free downloadable content that includes white papers, webinars, product guides, case studies, industry analysis and more, all provided by experts and vendors within the legal industry. Here is a list of top most-downloaded resources of 2021. Clio 2021Legal Trends Report.
You can also check out the most popular LawNext episodes of 2022 , of 2021 , of 2020 and of 2019. Theory and Principle Founder Nicole Bradick on Designing and Building Legal Tech Products. Documate Founder Dorna Moini on Rebranding As Gavel and How Law Firms Can Productize their LegalServices.
It is as if we are serving time in a legal tech limbo. Whereas 2020 ended with a newfound sense of the possible, 2021 ends with us still not knowing what is ahead, and therefore which way to turn. After all, it was a good year for the legal tech industry. But in 2021, progress felt slower, as if we were mired in malaise.
According to the report, “84% of respondents report personally using remote access software for law-related tasks (compared with 76% in 2021, 75% in 2020, and 73% in 2019). The benefits of technology in the delivery of legalservices are well-documented, so why are fewer than half of lawyers in small firms using even the most common tools?
The 2022 ABA Legal Technology Survey Report is published in five volumes: Online Research, Technology Basics & Security , Law Office Technology , Marketing & Communication Technology, Litigation Technology & E-Discovery. Fixing Fees. When preparing a budget, firms should consider alternative billing methods.
It is a library of free downloadable content that includes white papers, webinars, product guides, case studies, industry analysis and more, all provided by experts and vendors within the legal industry. Here is a list of top most-downloaded resources of 2021. Clio 2021Legal Trends Report.
Altumatim Elevator Pitch: Altumatim is the story-based eDiscovery platform that fully automates document review and finds the most important evidence by learning the story the attorney wants to tell. We are constantly innovating and will continue to provide the most cutting-edge technology within the eDiscovery marketplace. and Beagle.
Traction: We have three paying mid-sized customers and have pilot negotiations underway with Microsoft’s and Facebook’s in-house legal departments. Founded: 7/6/2021. From launch, we closed our first customer in December 2021. Founded: 4/1/2021. Founded: 3/15/2021. Headquarters: New York, N.Y. Analytica Legalis.
In 2021, Litify acquired LegalStratus , an e-billing and matter management platform for corporate legal departments and government agencies that was also built on the Salesforce platform. “I’m excited to lend my expertise to Litify customers at a time when demands on legalservice providers are increasing.”
Traction: We have three paying mid-sized customers and have pilot negotiations underway with three large enterprise in-house legal departments. Founded: 7/6/2021. From launch, we closed our first customer in December 2021. Founded: 4/1/2021. Founded: 3/15/2021. Outside funding: $1M – $5M in outside funding.
Learn more about this company at the LawNext Legal Tech Directory. Fidu Elevator Pitch: We help legal teams ditch the billable hour for good in exchange for flat fee and subscription legalservices. Learn more about this company at the LawNext Legal Tech Directory. Since 2021, our solutions have been used on c.50
In order to meet the problems of escalating workflow and productivity demands on a constrained budget, law firms are eager to invest in legal technology services. According to the Future Ready Lawyer 2021 report , 84% of legal departments have increased their technology budgets in the last year.
You can also check out the most popular episodes of 2021 , of 2020 and of 2019. How Legal Departments Can Use Data to Drive Smarter Decision-Making, with Jeffrey Solomon of Wolters Kluwer. The State of the E-Discovery Industry, with Doug Austin. The State of the E-Discovery Industry, with Doug Austin.
In late December 2021, Big Law firm Quinn Emanuel made headlines. We started to hear the moniker “The Great Resignation” in the summer of 2021. The 2021 attacks on those servers, and the fact that the online version of Exchange was not impacted was the deciding factor for many. . It is, in a word, complicated. . In August, 4.3
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