Legal AI company, Ayfie, has closed its key German base in Munich, losing the company’s new CEO in the process, as part of a radical cost cutting drive to improve profitability of the now publicly-listed company. The unexpected move will see around 10 job losses. …
Legal AI doc analysis company, Luminance, has filed its accounts for 2019, showing that the fast growing company saw revenues last year of £2.356m, ($3.12m) – but also booked an operating loss of £5m ($6.62m). The figures paint a picture of successful global expansion, but also a business model that is rapidly burning through funding and generating only a modest average income per client. …
As Artificial Lawyer wrote in October, Hg – the owner of Litera – has made a major investment in international legal tech and legal sector …
Yesterday, Artificial Lawyer covered the news that Thomson Reuters had launched its own marketplace, which will promote not just products and templates built within the company, but also market other legal tech companies and the services of professional firms, such as KPMG. But how does it all work? Artificial Lawyer dug into the Terms & Conditions to find out. …
The International Bar Association (IBA) and legal tech company Jus Mundi have launched a worldwide collaborative partnership to collect non-confidential commercial arbitration awards and make them easily accessible to the global legal community, in what is an important data-sharing project. …
In a surprise move, Thomson Reuters has today announced two new offerings, Thomson Reuters Marketplace and Thomson Reuters Legal Home. For example, it sells templates …
Legal tech platform, Onit, which has a focus on enterprise workflow solutions and CLM, has bought legal AI company McCarthyFinch, as it embarks on a major expansion drive into the doc review market. …
Introduction to a new eBook, by Richard Mabey, CEO of Juro. We survey in-house lawyers every year at Juro, and on the surface, in-house lawyers …
Della AI is a doc analysis company that has a strong focus on allowing lawyers to ask questions in natural language and get back a clear answer. The idea is that in real life, lawyers don’t think about contracts in terms of ‘extracting clause X or Y’, but rather just want to find the answer to a query. …
A new survey has shown just how unfit for purpose the current probate system is – an area of legal work that at some point …
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