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Legal Tech
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AI Due Diligence Tool Eyes US Expansion With $10M Series A
Xapien, a U.K.-based due diligence platform used in legal and other industries, announced Wednesday that it has completed a $10 million Series A funding round that will allow the company to expand into the U.S.
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Baker Donelson Adds Ex-DXC Tech GC To Public Policy Team
Baker Donelson Bearman Caldwell & Berkowitz PC is adding a former general counsel of IT service provider DXC Technology Co. as a senior public policy adviser and of counsel in the firm's Washington, D.C., office, it announced Wednesday.
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Clio Launches New Accounting Software Package
Legal software company Clio said Tuesday it has launched a new accounting software product for law firms — Clio Accounting — that's designed for use with an existing Clio product, Clio Manage.
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Legal Services Provider Execo Acquires India-Based Co. Cacti
Alternative legal services provider Execo has acquired India-based competitor Cacti Legal to strengthen its generative artificial intelligence offerings, marking its sixth acquisition, the company said Wednesday.
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Leya Raises $25M Series A For Its 2nd Investment In 3 Months
The Swedish legal artificial intelligence platform Leya added a $25 million Series A investment Wednesday as it seeks to compete with other emerging players offering generative AI for law firms' use.
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Jackson Lewis Adds Tech Officer From Citrin Cooperman
Jackson Lewis PC has brought aboard a new chief technology officer with decades of law firm-focused information technology and management experience, who most recently held the role of chief digital officer for professional services firm Citrin Cooperman.
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Litigation Support Provider Acquires Family-Owned Company
National litigation support services company Magna Legal Services has acquired family-owned, California-based competitor Bosco Legal Services, an acquisition that strengthens its service offerings.
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The 2024 Diversity Snapshot: What You Need To Know
Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.
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The 2024 Diversity Snapshot: Representation in the Ranks
Attorneys of color now represent 27.6% of nonpartners at law firms, a new high-water mark for the industry. But progress has lagged higher up. Here's a more detailed look at the representation of minority attorneys at the associate and partner levels.
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The 2024 Diversity Snapshot: How Firms Stack Up
Data from Law360 Pulse's law firm survey reveals that while firms are continuing to diversify their attorney ranks, progress has slowed. Just 15.6% of firms top the benchmarks for the 2024 Diversity Snapshot ranking — a lower percentage than last year. Here’s the latest look at how diversity in law firms' headcounts compares with what it could be based on the potential marketplace of new hires.
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These Firms Have The Most Diverse Equity Partnerships
Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.
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Dentons To Offer AI-Powered IP Risk Analysis With Tech Firm
Law firm Dentons said Tuesday it has partnered up with an AI startup as part of its intellectual property service, saying the software will be able to speed up IP risk assessments for clients and flag when they need to speak further with a Dentons lawyer.
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DLA Piper Adds Artificial Intelligence Policy Adviser In DC
DLA Piper LLP has hired a new artificial intelligence policy adviser, who will join the firm in Washington, D.C., as part of the firm's government affairs and public policy team, the firm announced Monday.
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Does Work-Life Balance Apply To BigLaw Partners?
Have initiatives and programs to address work-life balance reached the equity partnership, or is it still the exception in the legal industry?
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North Carolina Cases To Watch In 2024: A Midyear Report
The second half of 2024 will see the North Carolina Business Court tackle media rights in one of the country's largest collegiate athletic conferences while state justices weigh the scope of hospital immunity under the Tar Heel State's COVID-19 emergency law.
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NJ Legal Software Biz Hit With Disability Bias Suit
Leap Legal Software Inc. was hit with a discrimination lawsuit in New Jersey state court Friday from a former employee alleging she was fired due to her undiagnosed and untreated Lyme disease.
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Firms Fall Short On Occupancy Goals Amid Downsizing Trend
U.S. law firms have been working to reduce the amount of office space allocated per attorney. Despite these efforts, a recent report by the real estate services company Savills Inc. found that the average square footage per attorney still remains higher than the occupancy ratios most firms aim for.
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Belgium AI Co. LegalFly To Expand With €15M Series A
Belgium-based legal services provider LegalFly announced Monday the closing of a €15 million ($16.3 million) Series A funding round with the intention of scaling its operations.
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Law360 Names 2024's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another action-packed week as attorneys took on new roles and law firms reshaped practices following the holiday. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Legal Tech Roundup: KLDiscovery, CS Disco
A major financial restructuring for an e-discovery company tops this roundup of recent legal technology news. Also, companies in the industry added new leaders.
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AI, Debt Keep Legal Tech Funding Afloat In 2024
Funding for legal technology companies totaled $2.422 billion in the first half of 2024, nearly matching the $2.443 billion in capital raised during the same period in 2023, a positive sign for the sector after years of declining investments.
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Pa. Legal Vet, NY Tech Pro Team Up For Cyber Law Boutique
Veteran Pennsylvania attorney and litigator Gabriel Vincent Tese says he fulfilled a lifelong dream last month when he left Eckert Seamans Cherin & Mellott LLC to start a cyber and technology law boutique with a New York partner who earned her law degree last year.
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In The Age Of AI, Attys Prepare To 'Live In The World Of Data'
The arrival of artificial intelligence in the legal profession means new use cases and obligations, but a few lawyers are still trying to trust this new technology, a panel of experts said Thursday.
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Dye & Durham Investor Sues Over Board Director Dispute
An investment firm filed a suit against Dye & Durham in Ontario Superior Court on Tuesday, compelling the legal technology company to hold a vote to replace a board member at an upcoming shareholder meeting.
Expert Analysis
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Collaborative Tech Will Dictate Future Law Firm Success
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Law firms need to shift their focus from solving the needs of their lawyers with siloed solutions to implementing collaboration technology, thereby enabling more seamless workflows and team experiences amid widespread embrace of hybrid and remote work models, says Kate Jasaitis at HBR Consulting.
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How Dynamic Project Management Can Help Law Firms
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Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.
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How Firms Can Benefit From Creating Their Own ALSPs
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
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Keys To Digitizing Inefficient Contract Management Processes
Neville Eisenberg and Mark Grayson at BCLP explain how they sped up contract execution for one client by replacing email with a centralized, digital tool for negotiations and review, and how the principles they adhered to can be helpful for other law firms looking to improve poorly managed contract management processes.
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Law Firm Tips For Evaluating AI And Machine Learning Tools
Many legal technology vendors now sell artificial intelligence and machine learning tools at a premium price tag, but law firms must take the time to properly evaluate them as not all offerings generate process efficiencies or even use the technologies advertised, says Steven Magnuson at Ballard Spahr.
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Learning How To Code Can Unleash New Potential In Lawyers
Every lawyer can begin incorporating aspects of software development in their day-to-day practice with little to no changes in their existing tools or workflow, and legal organizations that take steps to encourage this exploration of programming can transform into tech incubators, says George Zalepa at Greenberg Traurig.
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The Importance Of Client Engagement In Law Firm Innovation
As clients increasingly want law firms to serve as innovation platforms, firms must understand that there is no one-size-fits-all approach — the key is a nimble innovation function focused on listening and knowledge sharing, says Mark Brennan at Hogan Lovells.
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A Scientific Path For Improving Diversity At Law Firms
Law firms could combine industrial organizational psychology and machine learning to study prospective hires' analytical thinking, stress response and similar attributes — which could lead to recruiting from a more diverse candidate pool, say Ali Shahidi and Bess Sully at Sheppard Mullin.