Author: Bob Ambrogi

This post was originally published on this siteIt’s Friday, which means it’s time for another Legaltech Week, the live show where a panel of journalists and bloggers discusses the week’s top stories in legal tech and innovation.  Among the stories on tap for today: The ABA issues an opinion on the legal ethics of using […]

This post was originally published on this siteI recently wrote here about an American Bar Association survey of law schools that offer AI classes. The survey found that 55% of responding law schools offer such classes. A Reuters news story picked up on that and reported, “More than half of law schools now offer classes […]

This post was originally published on this siteLast month, KKR, a major global investment firm, announced that it had entered into an agreement to acquire a majority stake in Agiloft, the contract lifecycle management company. As part of the deal, the growth equity firm FTV Capital, already an Agiloft investor, is making an additional investment, […]

This post was originally published on this siteMark O’Brien, who cofounded Pro Bono Net together with Michael Hertz 25 years ago, and who has been its executive director since 2005, is stepping down from the organization Sept. 1.  In an email this morning to Pro Bono Net supporters, O’Brien said he is leaving “to embark on […]

This post was originally published on this siteIn its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and limitations of the specific generative […]

This post was originally published on this siteWith hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average accuracy on legal research tasks.  Paxton also today released […]

This post was originally published on this siteThe global legal technology company Litera said today that it has acquired FileTrail, a leading provider of information governance and records management software for law firms, corporations and highly regulated industries. Terms of the deal were not disclosed. With the acquisition of the 24-year-old company, Litera expands its […]

This post was originally published on this siteYou have been hearing about it in the news, now see how it works. Last month, Henchman, a generative AI-driven platform that promises to deliver “the fastest contract drafting experience ever made,” announced that it was to be acquired by LexisNexis Legal & Professional. Just this week, LexisNexis said […]

This post was originally published on this siteIn reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete. So I set about trying to […]

This post was originally published on this siteAs the law practice management company Clio today announced a record $900 million funding round, the largest ever for a cloud legal technology company, at a whopping $3 billion valuation, Clio’s founder and CEO Jack Newton joins LawNext for an exclusive podcast interview.  In a conversation recorded last […]