#legaltech

#legaltech

As demand grows for privacy-first enterprise AI that can run without sending sensitive data to the cloud, SpotDraft has raised $8 million from Qualcomm Ventures in a strategic Series B extension to scale its on-device contract review tech for regulated legal workflows. The extension values SpotDraft at around $380 million, the startup told TechCrunch, nearly double its $190 million post-money valuation following its $56 million Series B in February of last year.

For all our talk of AI disruption, few legal teams are tackling the true productivity killer: tab switching. Email bloat. Scattered context. Carl Davidson noticed it while practicing immigration law. His clients needed answers. His inbox overflowed. His case files were always one click too far away. And somewhere between toggling screens and pasting notes, he realized the problem wasn't the complexity of the law it was the friction in the workflow.

From data entry to document management, the software applies AI to every layer of your case to save countless billable hours. Now, with its new DraftAI feature, Filevine transforms your creation of legal documents, too. A user can use natural language instructions to draft, edit or modify any kind of document without leaving the security of the Filevine system, said John Rizner, Product Manager at Filevine. During a recent demonstration, Rizner showed us how.

Logan Brown, a 30-year-old corporate lawyer, began the year billing hours at the global law firm Cooley. Now she's building a tech-first law firm that meets the routine needs of startups, without the Big Law price tag. Soxton, Brown's new venture, has raised $2.5 million in pre-seed funding, Business Insider has learned exclusively. "I didn't have a deck. I didn't have a team," Brown said. Instead, she told investors, "I am building the solution for founders. That is not the billable hour."

Last week, several reports indicated that McDermott Will & Schulte is considering restructuring its firm to accept a potential private equity investment. A move like this by a top global law firm would be unprecedented and test ethics rules governing ownership of law firms by nonlawyers. A move to separate legal advice from other legal services that don't require advice is a big shift that would ripple through established firms and also test regulatory boundaries.

As I previously discussed, Clio offered the blockbuster announcement that its AI tools would now work not only on the internal data of a firm but also on external data like cases and statutes. Clio's approach essentially lets customers use one vendor for its AI needs since that vendor can supply the tools for use with internal and external data. This all under one roof one stop concept has everyone gushing as if the world has completely changed and firms will flock to Clio.

In a space where tech providers like to stake out a cozy niche, Clio is going to do... everything. Well, not everything, but most everything. Small law firm practice management remains at the core, but now they have a completely separate unit working on Biglaw and large corporate legal departments. Business of law remains their legacy, but now they're a practice of law provider. Legal research? Sure! Law firm AI? Why not? CRM? Of course!

In August, Harvey said it would give six law schools access to the platform as part of a new "alliance." The next month, it onboarded 11 more law schools. Now, Harvey has added Duke Law and Northwestern Pritzker Law to the roster, the company tells Business Insider. Participation in the program is available to the law schools free of charge.

GAIA is revolutionising the legal industry with AI that automates legal work and empowers legal professionals to work more efficiently and effectively. We're building the future of legal technology, and we are looking for a driven, versatile person to help accelerate our growth. The Role We're looking for a determined Intern to work directly with our Head of Sales, Erika Root, to be at the forefront of driving our growth.

GAIA is revolutionising the legal industry with AI that automates legal work and empowers legal professionals to work more efficiently and effectively. We're building the future of legal technology, and we are looking for a driven, versatile person to help accelerate our growth. The Role As we scale, we're looking for an exceptional Product Engineer who's passionate about experimenting with large language models (LLMs), turning ideas into working prototypes, and pushing the boundaries of how AI transforms knowledge-heavy industries.

We've all lost count of the times we've received an email, policy, or memo from a lawyer so "well written" that nobody understands it. It's frustrating, and you want to write back: "Great legal summary - I have no idea what it means." Unfortunately, that's often how legal communications are received by business colleagues and stakeholders: overly complicated, needlessly formal, and disconnected from everyday business needs - not human.

"I endured 29 'nos' before I heard a 'yes,' and only in retrospect was it clear that it didn't have to be that way."