There is always more news that you can shake a legal tech stick at, so here’s some of the stories you may have missed.
Neota Logic Partners with KM Consultancy Iknow
Bernard Palowitch, Iknow’s CEO, explained that they have expertise in reasoning systems, knowledge representation, NLP and machine learning. This will be used in conjunction with Neota to help build applications for clients.
‘Neota’s platform provides our experts with easy-to-use development tools to enable them to create AI applications quickly. I envision immediate use cases in areas such as diagnostic evaluation, recommendations generation, process automation, and complex document generation,’ he said.
Kim Massana, CEO at Neota Logic, added: ‘Having recently launched our new partnership programme, we’re delighted to welcome Iknow on board. Our partners are key members of the Neota community, and we work collaboratively to serve our clients in the best way possible through no-code automation.’
Brightflag Hires Barry O’Melia from Relativity for VP Product Role
Brightflag, the AI-powered enterprise legal management platform, has hired Barry O’Melia as the company’s new Vice President of Product. He’s a veteran of the legal tech world and was previously Product Owner for information governance verticals including Data Collection and Legal Hold at Relativity.
Brightflag captures and structures legal spend data, simplifies financial reporting and performance tracking, and also offers vendor resourcing and pricing analysis. In short, it’s all about gathering and presenting the data on the cash you’re spending.
Prior to Relativity, O’Melia spent more than a decade specialising in big data analysis with another eDiscovery provider, Digital WarRoom.
The move follows the company’s $28 million funding round in November 2020. The company also said it has seen a year-over-year doubling of annual recurring revenue.
O’Melia added: ‘Inhouse legal is a community of brilliant minds, complex challenges, and high standards, and that’s always inspired me to bring my best work.
‘What Brightflag is doing with AI is already unique within the industry, and our modern infrastructure leaves us with no limitations as we look to quickly build out new capabilities with an everyday impact on our customers’ priorities.’
eDiscovery Group Compliance Launches Contract Analytics + Life Cycle Management Branch – Charles Post Joins
Compliance, an integrated eDiscovery services and managed review provider, has launched a new suite of contract analytics, review, and lifecycle management solutions.
Charles Post, a well-known legal tech expert, especially around the use of NLP and machine learning, has joined as Executive Vice President to lead the contract analytics and lifecycle management practice. He was previously at JDX Consulting, which worked closely with Seal Software before it merged with DocuSign.
Marc Zamsky, CEO at Compliance, said: ‘Charles’ leadership in launching our contract analytics practice is an important next step for Compliance. With the addition of Charles, Compliance will pioneer the convergence of eDiscovery and contract analytics creating a compelling market differentiator.’
As to why they are making this move, Compliance told Artificial Lawyer: ‘[We have] reached a critical time in our growth. We plan to expand our offerings, scale existing offerings, and look at relevant adjacencies that make sense based on the needs of our clients.’
‘[With] Charles we have a leading authority on legal AI and analytics to help launch our contract analytics practice, which we see as a logical extension our of eDiscovery business.
‘We believe there is an extreme shortage of legal analytics experts who know how to use contract automation technology and build the analytics to support it. Our expertise in eDiscovery, combined with our capabilities to implement full-scale CLM and contract analytics solutions makes Compliance uniquely qualified to lead the convergence of eDiscovery and contract analytics.’
That’s all folks, have a great weekend.