Author: Bob Ambrogi
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ABA Says Its Network Hacked; User Names and Hashed Passwords Possibly Accessed
The American Bar Association said last night that an unauthorized hacker gained access to the ABA network and may have acquired usernames and salted and hashed passwords that members would have used to access a prior version of the website. In a statement, the ABA said: “On March 17, 2023, the ABA observed unusual activity …
AI Contract Management Platform Lexion Raises $20M Series B to Further Develop Its Technology
Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million. This latest funding round was led …
Aderant Will Soon Launch AI Product to Help Law Firms Comply with Outside Counsel Guidelines
Aderant, the company that provides business management software for law firms, said today that it will soon release an AI-powered product that will automate law firms’ compliance with outside counsel guidelines. It will launch the product, which it calls Onyx, at its Momentum user conference in Denver May 8-11. “Law firms have been grappling with …
Is ChatGPT Up To the Task of Formatting Bluebook Legal Citations?
A few days ago, The New York Times declared, “A.I. Is Coming for Lawyers.” With GPT-4 having passed the bar exam and legal tech companies launching AI-based legal assistants, it sometimes seems that the potential for AI in law is limitless. But what about that most basic of a lawyer’s tasks — formatting citations to …
Free Access Opens Today To Beta Version of Josef Q, Tool That Uses GPT To Easily Turn Policies Into Q&As
A few weeks ago, I wrote here about the imminent launch by Josef of the beta version of Josef Q, its new product that uses advanced AI to transform policies and regulations — such as those pertaining to privacy, data security, HR and procurement — into digital Q&A tools, so that employees or clients can easily …
Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4
As the contract lifecycle management company Ironclad is today releasing its AI redlining tool AI Assist out of beta, is has revealed that the tool is powered by OpenAI’s GPT-4, making it what Ironclad says is the first contract redlining application powered by the latest version of Open AI’s generative AI. “The results with AI Assist …
Document Management Company iManage Says It Has Taken Strategic Growth Investment from Bain Capital
The document management company iManage has taken a strategic growth investment from Bain Capital Tech Opportunities in order to accelerate its organic growth and the continued evolution of its cloud-based platform, it said today. This is a minority investment and iManage will continue to operate under the leadership of the existing management team, led by …
On LawNext: Revisiting the Fastcase Origin Story: Ed Walters and Phil Rosenthal on How Their Company Came To Be
With the news last week of the merger of legal research companies Fastcase and vLex, it seemed a good time to revisit our 2019 interview with the founders of Fastcase, Ed Walters and Phil Rosenthal. The occasion of this interview was the company’s 20th anniversary, and we recorded it live, on the exhibit hall floor, at the annual conference of the American Association …
Fastcase CEO Ed Walters Joins The Legaltech Week Live Panel At 3 ET Today To Discuss the Fastcase-vLex Merger
With the merger of Fastcase and vLex the biggest legal tech story of the week, Fastcase CEO Ed Walters joins our Legaltech Week panel live today at 3 p.m. ET to discuss the news with our regular group of legal tech journalists and bloggers. We’ll also talk about Thomson Reuters’ sale of its Elite group …
With New Enterprise API, UniCourt Takes An API-First Approach To Providing ‘Legal Data As A Service’
When UniCourt was founded in 2017 to provide access to court data and analytics, APIs were an afterthought, cofounder Josh Blandi now says. The company’s original focus was on building an application to provide law firms and others with easy access to federal and state court records. But soon customers were asking for API access …
Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG
It is a day of major legal tech deals. Following news earlier today of the merger of Fastcase and vLex, now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management …
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