LegalTechnology Hub’s Post

So proud of our founder and leader, Nicola Shaver for another accolade as she earns the rare, second-time inclusion in the Fastcase 50. Congrats to all the estemeed honorees.

Congratulations to Leya today, on various counts! This Swedish-born AI Legal Assistant start-up has come from behind the gate in a crowded field, rapidly gaining momentum, and today announces that it has secured $25 million in a Series A funding led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, with the new addition of Alt Capital. A Y Combinator start-up, Leya has already established a solid client base in continental Europe and launched in the UK just a few weeks ago, announcing a partnership with FromCounsel that allows for legal research and guidance workflows in the platform. Rumor has it that the UK launch was hugely successful, with a number of firms rapidly jumping on board the Leya train. The company has also made a significant recent hire, bringing on board Chris Williams in the role of GTM for Europe. This high profile hire suggests that a continued drive to gain ground in Europe and UK lies ahead for Leya, though it's unlikely to be long before a US launch is also on the cards. More below. #GenAI #legaltech #AI #fundingnews #legal Max Junestrand https://lnkd.in/dQfNQyZQ

If you're a law firm that enjoys a slow, bloated litigation process, then skip this message. InfoTrack US integrates with popular legal software to streamline the litigation workflow. By automatically syncing client data, case documents, and billing information, our Vendor of the Week, InfoTrack helps law firms manage eFiling, process serving, eSignatures, and more with greater speed and accuracy. Learn more here: InfoTrack US | Legaltech Hub (legaltechnologyhub.com) #legal #legaltech #legalAI

In the second part of his series on designing and creating your target operating model, VP and global head of consulting at Factor Michael Callier 「家利亚」talk about the importance of clarifying remit and scope - not just at the departmental level, but also on an individual basis. Michael cites a number of studies highlighting the increased importance of clarity, especially in a volatile and uncertain environment: 💡 Role clarity significantly influences individual engagement, effectiveness, attitude and retention rates 💡 Clarity around remit will improve interoperability between departments 💡 Lack of maturity around remit and scope can lead business professionals to avoid the legal department, leading to increased risk 💡 Lack of individual role clarity leads to burnout, bandwidth issues, and can reduce retention. Read Michael's full article below, with more helpful guidance and citations to relevant studies. #legaloperations #legal #corporatelegal #leadership

Interesting data analysis conducted here by Alex Baker using the Legaltech Hub directory. We agree with him that there are opportunities for products in the small-mid law space. #legaltech #legal #midlaw

As always, we are delivering an impressive lineup of speakers for our Innovation Conference, including the erudite Damien Riehl. Register now and we'll see you and plenthy of your industry peers in NYC in September. Learn more and register at https://lnkd.in/gafthKrw

Product Briefing drop!!! Before even seeing it, vLex Vincent AI has a number of things to recommend it - such as the global nature of the impressive content library vLex has accumulated over years in the legal research field, or the fact that industry stalwarts Ed Walters, Lluis Faus, and Damien Riehl sit behind it. Upon seeing it, especially the many use cases Vincent AI cleverly addresses through behind-the-scenes prompting, the appeal of this product becomes even more apparent. Read our new article on Vincent AI based on our interview with Damien, and scroll down to see an exclusive video demo showcasing key functionality. #legaltech #AI #GenAI #legal #Legalresearch

Legaltech Hub was pleased to partner with Meritas Law Firms Worldwide on the 2024 Legal Technology Survey of mid-sized law firms. Key takeaways: 💪 Top priorities for investing in legal tech include risk and compliance (67 percent of survey participants), generative A.I. (57 percent), and document automation systems and technologies (more than 50 percent) 💪 Almost 80% of mid-sized firms expect to leverage #GenAI in the next five years 💪 Mid-sized firms are more likely to utilize additional features in existing systems to gain efficiencies rather than buy new point solutions Summary linked below. #legaltech #legal

You can't spell "complete legal practice management platforms" without "Actionstep". Our Vendor of the Week combines CRM, matter management, document assembly & storage, time & billing, trust & office accounting, reporting, and much more into one easily accessed system. Learn more here: Actionstep | Legaltech Hub (legaltechnologyhub.com) #legal #legaltech #legalAI