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Incubators

AOS’s Fuse Incubator Calls For Applications

15th January 2025 artificiallawyer Comments Off on AOS’s Fuse Incubator Calls For Applications

The Fuse legal tech / fintech incubator, which is part of A&O Shearman (AOS), is calling for applications to join its latest cohort – the …

Legal Tech M&A

CLM Agiloft Buys Screens, TermScout Will Continue

14th January 2025 artificiallawyer Comments Off on CLM Agiloft Buys Screens, TermScout Will Continue

In a very genAI-focused move, CLM pioneer Agiloft has bought startup Screens, the brainchild of Otto Hanson and Evan Harris. The founders’ sister company, TermScout, …

ediscovery

Epiq Launches ‘AI Labs’ + 90% Faster eDiscovery

14th January 2025 artificiallawyer Comments Off on Epiq Launches ‘AI Labs’ + 90% Faster eDiscovery

Multi-capability legal tech group, Epiq, is upping the ante on its AI offering, especially for eDiscovery, with the launch of ‘Epiq AI Labs’. It is …

Tech Spending

Tech Spending To Grow 9% Globally, Driven By AI

14th January 2025 artificiallawyer Comments Off on Tech Spending To Grow 9% Globally, Driven By AI

New data from ratings agency Standard & Poor’s (S&P) has estimated that IT spending on a global basis rose in 2024 by 8.3% – a …

Legal Tech Funding

Legal Tech Burn Rate Dips For 1st Time Since 2018

14th January 2025 artificiallawyer Comments Off on Legal Tech Burn Rate Dips For 1st Time Since 2018

New data from Legal Complex has shown that the burn rate for legal tech companies dropped in 2024, the first time it has done so …

Gov AI Plans

Sovereign AI Plan Could Mean £££ For UK Legal Tech

13th January 2025 artificiallawyer Comments Off on Sovereign AI Plan Could Mean £££ For UK Legal Tech

Following on from the earlier story about the UK Government’s new AI Action Plan (see here), there is one item that this site has spotted …

Gov AI Plans

Will UK AI Action Plan Help Legal + Legal Tech Sectors?

13th January 2025 artificiallawyer Comments Off on Will UK AI Action Plan Help Legal + Legal Tech Sectors?

Today, the UK’s Prime Minister, Sir Keir Starmer, has announced the formal launch of the ‘AI Opportunities Action Plan’, a wide-ranging State-backed effort to drive …

Legal Speed

What If Lawyers Were Rewarded For Speed?

13th January 2025 artificiallawyer Comments Off on What If Lawyers Were Rewarded For Speed?

‘I feel the need, the need for speed!’ Tom Cruise exclaimed in Top Gun, but do lawyers and their clients feel the same way? And …

Associates

Will Law Firms Need Fewer Junior Associates?

9th January 2025 artificiallawyer Comments Off on Will Law Firms Need Fewer Junior Associates?

New data from Thomson Reuters suggests that law firms now have fewer junior associates than before, as a proportion of the total fee earners. Meanwhile, …

Legal Tech Costs

Legal Tech Costs Are Rising…A Lot

8th January 2025 artificiallawyer Comments Off on Legal Tech Costs Are Rising…A Lot

New data from Thomson Reuters shows that the expenditure on tech products at US law firms is rising considerably each year, with increases of 6% …

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