LexisNexis has launched its own legal tech accelerator in Silicon Valley designed to help start-ups. The move comes amid a growing trend to support and invest in early stage legal tech companies on both sides of the Atlantic.
The accelerator will leverage what the company says are its ‘vast content resources of LexisNexis, deep expertise in legal, technology and startup domains, and industry-leading market position to assist program participants’.
The accelerator will be located in the Menlo Park, CA offices of LexisNexis business Lex Machina, which is focused on litigation analytics.
The accelerator program will be led by its CEO, Josh Becker, with support from LexisNexis Chief Technology Officer Jeff Reihl; Chief Product Officer Jamie Buckley; Vice President of US Product Management Jeff Pfeifer; and Lex Machina Chief Evangelist Owen Byrd.
‘The new LexisNexis Legal Tech Accelerator program brings together the elements that startups need to get their projects off the ground and establish a foothold in the fast moving world of legal technology,’ said Jeff Pfeifer. ‘The program also demonstrates our commitment to driving innovation and advancing the legal industry through the use of data, analytics and next-generation technologies.’
‘Lex Machina has deep roots in Silicon Valley,” said Josh Becker. ‘Being actively involved in Stanford University’s CODEX program, and having begun as a Stanford project before spinning off as a startup, we know first-hand the struggles that legal tech and other Silicon Valley startups go through. That’s why we’re proud to be spearheading this incredible opportunity and bringing this much-needed resource to the startup community.’
As part of the program, accelerator participants will receive a wealth of benefits that will help advance their projects or businesses:
- Knowledge: Access to the industry’s leading store of enriched legal data from LexisNexis
- Tools: Access to cutting-edge tools and technologies from LexisNexis
- Mentorship: Weekly hands-on sessions with Josh Becker and other LexisNexis executives on topics such as growing legal tech companies, technology and product development, and building a strong company culture
- Education: Strategy sessions on a variety of topics, including selling to legal departments and law firms; running an agile product development organization; leveraging legal data; best practices in customer success, marketing and fundraising
- Connections: Leverage relationships with Stanford University and other leading Bay Area schools, businesses, VCs and influencers
- Workspace: Space for up to three people for three months inside the exciting environment of an award-winning legal tech startup (1010 Doyle Street, Menlo Park, CA)