Can law tech’s big beasts Lexis and Thomson stay on top in a changing industry?

Can law tech’s big beasts Lexis and Thomson stay on top in a changing industry?

So ubiquitous have two companies become in legal tech circles that they are rarely discussed directly, just accepted as facts of life, like gravity or air. Those two are, of course, LexisNexis and the legal division of Thomson Reuters, which have over the last 30 years positioned themselves as the dominant providers of the informational ‘plumbing’ law firms require to ply their trade.

For LexisNexis that key moment came in the 1970s when an arm of the Ohio State Bar Association commissioned a project to deliver an information service exclusively aimed at legal research, named Lexis. During the same decade West Publishing was Lexis’ main competitor, using a computer-assisted legal research project that would later be branded Westlaw. Continue reading “Can law tech’s big beasts Lexis and Thomson stay on top in a changing industry?”

Prestige meets hustle – Slaughters sends jolt through start-up community with launch of tech incubator

Prestige meets hustle – Slaughters sends jolt through start-up community with launch of tech incubator

For years Slaughters epitomised City conservativism but, reports Thomas Alan, marquee clients and a clear structure mean its new law tech incubator is being closely watched

The value of legal tech incubators is much debated in the industry. The jaded in the tech community often decry such initiatives as marketing opportunities and even many start-ups themselves are sceptical, comparing some law firm incubators to ‘fish bowls’. Continue reading “Prestige meets hustle – Slaughters sends jolt through start-up community with launch of tech incubator”

Sponsored briefing: Tracing assets – what you need to know

Sponsored briefing: Tracing assets – what you need to know

K2 Intelligence’s Darren Matthews on what successful asset search and recovery looks like

Understanding the form, value and recoverability of an adversary’s assets is an essential part of legal strategy in any dispute. What may appear relatively simple – locating material assets and determining their value – invariably turns complex when assets are held through multi-level corporate structures layered over multiple jurisdictions. Methods used to hide assets are becoming more sophisticated and asset-recovery experts must keep up to date with the latest asset-searching techniques, practices and technologies. Understanding the form, value and recoverability of an adversary’s assets is an essential part of legal strategy in any dispute. What may appear relatively simple – locating material assets and determining their value – invariably turns complex when assets are held through multi-level corporate structures layered over multiple jurisdictions. Methods used to hide assets are becoming more sophisticated and asset-recovery experts must keep up to date with the latest asset-searching techniques, practices and technologies. Continue reading “Sponsored briefing: Tracing assets – what you need to know”

We have the technology – Re-engineering a law firm

We have the technology – Re-engineering a law firm

Hamish McNicol, Legal Business: What are the changes people have made in their business in the last 18 months that made the most impact?

Axel Koelsch, Addleshaw Goddard: When I joined Addleshaw I noticed the firm had done lots of innovative things, including paralegals up north, but they were scattered all over. We pulled those things together. When I was talking with clients, they do not think of those as six different things. They just have business problems they need to solve. Bringing all these new ways of working together allows you to start solving clients’ problems and not the law firm’s problems. Continue reading “We have the technology – Re-engineering a law firm”

The technology debate: Ctrl+Alt+Delete

The technology debate: Ctrl+Alt+Delete

With alternative legal services arms at Global 100 law firms in full swing, and innovation and technology experts striving to make those firms relevant and responsive to the demands of increasingly value-conscious clients, it is fair to say the future is now.

But the traditional role of the lawyer is perhaps facing its biggest existential crisis now as those new demands challenge what legal practice means today. Will the lawyer of 2030 render the celebrated black-letter technicians and swashbuckling dealmakers obsolete? Continue reading “The technology debate: Ctrl+Alt+Delete”

Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx

Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx

The future is hard to predict in the combustible world of law tech start-ups. But recent big funding rounds for some of the industry’s darlings signal an increasing maturity in the space with Kira, Apperio, Eigen Technologies and Legatics all receiving hefty funding rounds in recent months.

Kira further secured its spot as the leading AI platform for law firms after landing a record $50m of private equity backing from New York-based Insight Venture Partners in September. The investment was the first external backing for the company since its inception, with the machine-learning contract analysis platform now primed for continued growth. Continue reading “Mixing it with the big boys: Law tech upstarts approach adolescence following cash influx”