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Digital Tech News – Legal Tech Company Chosen For Tech National Accelerator

Digital Tech News - Legal Tech Company Chosen For Tech National Accelerator 1

Powered by LawFuel – London, UK. January 30th, 2020: ThoughtRiver, the market leader in intelligent legal pre-screening, has announced today that it has been selected for the exclusive Tech Nation accelerator programme, ‘Upscale’, and will be coached over the next six months by some of the UK’s most successful entrepreneurs and leading startup founders. Tech Nation, the …

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LegalTech Reversal: Atrium’s Staff Cuts Show LegalTech Startups Are Not Always a Quick Road to Riches

LegalTech Reversal: Atrium's Staff Cuts Show LegalTech Startups Are Not Always a Quick Road to Riches 2

LegalTech startups and the overall high tech world of legal AI developments have been experiencing increased issues as high profile Atrium announced it is laying off most of its legal staff, moving away from replacing law firms to adopting a subscription model. Atrium has raised $75.5 million from funders like Andreessen Horowitz, according to its …

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LegalTech: Here Comes the ‘Xero of Law’

LegalTech: Here Comes the 'Xero of Law' 3

Australian legal startup Lawpath has closed a $4.4 million fundraising round, one of the largest in Australian legaltech history. Lawpath, founded in 2014, has been a foundation member of the booming Australian legaltech environment, providing a fixed-fee system and an easy-to-use online platform for legal clients. Lawpath CEO Dominic Woolrych said the oversubscribed round demonstrated …

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Veritone Unveils Tool to Accelerate Early Case Assessment of Data for Law and Legal Enforcement Teams

AI-powered application enables legal teams to assess audio, video and text-based documents at the top of the case funnel to drive efficiency, time and cost savings Veritone Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence (AI), aiWARE™, today announced Veritone Illuminate, an AI-powered solution that enables legal and law enforcement investigative …

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Applying AI to Justice: Problems Ahead Says UK Law Society Report

Applying AI to Justice: Problems Ahead Says UK Law Society Report 4

A year-long report undertaken by the Law Society of England & Wales has said there is a need for urgent oversight over the use of complex algorithms in the justice system. The Law Society Technology and Law Policy Commission published its report on algorithms in criminal justice alongside an interactive map that allows the public …

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Blurring Lines: What 2019 Legal Trends For Technology, Media and Telecommunications Sector

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Baker & McKenzie – What does 2019 hold for businesses in the Technology, Media and Telecommunications sector and what legal and regulatory trends should be on their radar? A complex question in a world in which the boundaries between areas are blurring to an extent that car manufacturers are becoming tech companies, traditional content producers …

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The Massive Data Breaches Already in 2019

The Massive Data Breaches Already in 2019 5

Robinson + Cole – The 2019 calendar year had a rough beginning with several massive data breaches. Now, just this week, over 600 million account details were stolen from 16 different websites: Dubsmash MyFitnessPal MyHeritage ShareThis HauteLook Animoto EyeEm 8fit Whitepages Fotolog 500px Armor Games BookMate CoffeeMeetsBagel Artsy DataCamp The account details being sold on …

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In-house, AI speech recognition technology company closes $23 million funding

In-house, AI speech recognition technology company closes $23 million funding 6

Verbit, the leading transcription and captioning solution, announced today the close of a $23 million Series A round led by Viola Ventures, with participation from Vertex Ventures, HV Ventures, Oryzn Capital, Vintage Venture Partners, and Clal-Tech. This latest round of financing brings Verbit’s total funds raised to $34 million, following an $11 million seed round. …

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Law Tech Company Handling Routine Legal Work Expands to London

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InCloudCounsel, a legal technology company offering a global, end-to-end solution for negotiating and managing routine legal work, is pleased to announce the opening of its first European office in London. By establishing dedicated operations in Europe, InCloudCounsel is able to bring its best-in-class solution to significantly more companies in the region. This expansion affirms InCloudCounsel’s …

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7 Key Legal Tech Trends To Watch in 2019

7 Key Legal Tech Trends To Watch in 2019 7

Legal Tech trends will continue to buffet the legal business in 2019 – more than ever, in fact.   But in a review published by LexBlog, the changes remain significant with major players like Microsoft playing a role. Each year, legal tech changes faster and faster.  1. New Expectations:  The age of the client-centered law firm …

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