Global legal publisher and tech company LexisNexis has announced the second round of its legal tech accelerator programme, which includes machine learning start-ups.
This second round of the programme, which follows the first back in April 2017, is designed to ‘give start-ups a leg up in the rapidly expanding legal tech industry’.
The lucky seven this time are: Contract Wrangler, dealWIP, Lawcountability, Medilenz, ThreadKM, Vijilent (see Artificial Lawyer piece on this company) and vTestify. The company said that each was chosen because they are ‘driving innovation in a distinct area of the law’.
The programme is based in the Menlo Park, California offices of Lex Machina and for the first time at the Raleigh Technolgy Center for LexisNexis on the Centennial Campus of North Carolina State University.The seven members of the second round, all of whom are US-based, are:
- Contract Wrangler (San Francisco, CA): Contract Wrangler uses advanced machine learning technology to uncover hidden data in business relationships and help clients maximize profitability and reduce risk.
- dealWIP (Baltimore,MD): Cloud-based workflow integration platform for complex legal transactions that provides a secure, frictionless and transparent environment for transactional attorneys and their valued clients to plan, manage, automate and streamline every element of their most important high-stakes corporate legal matters.
- Lawcountability (New York, NY): A cloud-based software platform designed to help lawyers network more effectively for their business and professional development. It is a cost-effective way to offer regular marketing and business-development training online and on-the-go.
- Medilenz (Philadelphia, PA): AI-powered technology at the intersection of legal and health care helping companies and law firms, for example, mine medical records for critical data and providing medical expert services to life sciences clients, addressing business and scientific needs.
- ThreadKM (Alpharetta, GA): A web-based, real-time legal knowledge management platform that allows lawyers and other professionals to securely and effortlessly build cases and work together. It combines the benefits of broad-based document and knowledge management with the precision of a purpose-built tool for lawyers.
- Vijilent (Raleigh, NC): Automates people search for the legal industry. Data science company using machine learning to gather insights using social media data and working with law firms to harness the richness of that data and turn it into actionable knowledge.
- vTestify (Cary, NC): A virtual testimony platform that is developed to leverage advances in technology to improve both the quality of testimony and the methods through which it is obtained. vTestify address the needs of lawyers, legal professionals and above all the clients it serves, by tackling inefficiencies in the system through the use of technology.
LexisNexis said that throughout the 10-week curriculum participants ‘will gain knowledge and expertise in a variety of topics, including technology and product development, running an agile product development organization, building a strong company culture,selling to legal departments and law firms, leveraging legal data, and identifying best practices in customer success, marketing and fundraising’.
In addition to all the legal data made available, companies can leverage the company’s established relationships with Stanford University, North Carolina State University, Silicon Valley businesses and VC investors.
Becker concluded: ‘Our participants get to interact with other start-ups, including a former startup, Lex Machina, and learn from each other on how to build their businesses, market their products and succeed in this challenging and competitive legal environment.’
( For more information, or to apply to the tech accelerator program, please email accelerator@lexmachina.com )
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