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Legal Tech
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Legal Tech Funding Surges In Q3 Thanks To 3 Megadeals
Three outlier megadeals pushed funding for legal technology companies to $1.57 billion in the third quarter of 2024, up from $392.5 million in the same period last year, but the number of mergers and acquisitions fell by about 50%.
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Voir Dire: Law360 Pulse's Weekly Quiz
This was another action-packed week for the legal industry as BigLaw firms made a slew of hires and a state judge was admonished for lip synching "Jump" by Rihanna in a TikTok. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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JAMS Launches AI Tools For Alternative Dispute Resolution
Alternative dispute resolution provider JAMS has launched a suite of artificial intelligence-powered tools that attorneys, their clients and panelists can use in the dispute resolution process as part of its new initiative JAMS Next.
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Gunster Reaches Deal In One Of Two Data Breach Actions
Gunster has struck a settlement agreement in one of the two proposed class actions it faces in Florida federal court over a 2022 data breach, while the plaintiffs in the second case urged the court the same day to reject the law firm's dismissal bid in their suit.
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Noetica AI Raises $22M Series A Following Market Growth
The corporate deals software platform Noetica AI embarked on a new chapter of its journey on Thursday with a $22 million Series A funding round.
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UnitedLex CEO Abruptly Exits After 1 Year, GC Takes Helm
UnitedLex Chief Executive Officer James Schellhase has left the role after just one year and is being replaced by general counsel Renee Meisel, the law firm-focused data and professional services company announced Thursday.
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Thomson Reuters Again Seeks Win On ROSS' Pilfering
Thomson Reuters on Tuesday filed a pair of renewed motions for partial summary judgment seeking to block ROSS Intelligence Inc. from claiming fair use, and hold it liable for copyright infringement, in a suit alleging ROSS ripped off the Westlaw research platform for its artificial intelligence product.
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Legal Client Engagement Co. Case Status Raises $19.7M
Legal client engagement startup Case Status has secured $19.7 million in Series B funding to further develop its artificial intelligence-powered tools, expand into new law practice areas and add leadership positions.
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Fileread GC Departs For New Venture After 6 Months
The general counsel for litigation platform Fileread has announced that he's left the company to "build something new," having just joined from AstraZeneca earlier this year.
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AI-Focused Exec Roles Are Having A Moment At Law Firms
Several law firms this year, including Akin Gump Strauss Hauer & Feld LLP and McDermott Will & Emery LLP, have filled artificial intelligence-focused chief and director roles to keep up with technological advances and client demands, according to legal recruiters.
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Cybercriminals Will Hit You On Holidays, In-House Attys Say
As ransomware attackers like to hit companies on holidays and other sensitive times, in-house attorneys should role-play the holiday attack scenario in advance as they prepare to respond, members of an Association of Corporate Counsel conference panel said Tuesday.
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Robin AI CTO Says Innovation Puts Pressure On Hourly Billing
The traditional hourly billing model in the legal industry is facing increasing scrutiny as in-house legal teams leverage technology to enhance efficiency, the co-founder of a leading AI service told Law360.
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In-House Attys Urged To Spearhead Creation Of AI Policies
In-house lawyers should craft a single artificial intelligence governance policy for their organizations, build cross-functional teams to assess AI needs and risks and audit and update their AI policy frequently to keep pace with the technology's rapid evolution, according to experts on an Association of Corporate Counsel conference panel.
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White & Case Adds Marketing, Innovation Execs Amid Growth
White & Case LLP announced Monday the appointment of both a chief innovation officer and a chief marketing officer as the firm continues to expand through hiring and office openings.
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Legal Tech Co. EvenUp Valued At $1B After $135M Series D
The legal technology sector has a new unicorn after artificial intelligence provider EvenUp secured a $135 million Series D funding round and reached a $1 billion valuation on Tuesday.
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Littler Adds Excelitas Exec As Chief Digital Innovation Officer
Labor and employment firm Littler Mendelson PC has added the former executive vice president and chief information officer at photonics and light technology company Excelitas Technologies as its chief digital innovation officer.
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Law Firm Billing Rate Hikes Doubled In 2024
Billing rates for the top 100 law firms in the United States surged by 10% from 2023 to 2024, the largest rate hike in the past three years, according to a new research report on Tuesday.
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Most Legal Professionals Say They Have Adopted Some AI
Most legal professionals over the past year have adopted artificial intelligence in some way, according to a survey published Monday by legal technology giant Clio.
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Legal Employers Say AI Is Affecting Hiring
A majority of legal industry employers say that artificial intelligence is changing the skill sets they look for in hiring, according to a report released Monday by business consulting firm Robert Half, with the report also finding that employers prefer to train existing employees than hire externally.
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In-House Teams Using More GenAI And Fewer Law Firms
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
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Corporate Boards Must Address Tech, Commission Says
A blue ribbon commission announced Monday that strengthening oversight, deepening insight and developing foresight are the three main pillars of a new framework for how corporate boards can thrive in the digital age.
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Mondelez, BCLP Ink $750K Deal To End Data Breach Suits
Mondelez Global LLC workers on Friday asked an Illinois federal judge to greenlight a $750,000 settlement that would resolve proposed data privacy class actions against their employer and Bryan Cave Leighton Paisner LLP stemming from a 2023 data breach.
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OpenAI Brings On MoFo IP Litigator To Lead AI Research
A former intellectual property litigation partner from Morrison Foerster LLP is now OpenAI's lead counsel for artificial intelligence research, the company said Friday.
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Corporate Counsel Group Launches Cybersecurity Toolkit
The Association of Corporate Counsel announced a new toolkit for in-house attorneys on Thursday directed at cybersecurity threats and delivering practical strategies to prepare for and mitigate damage from potential data breaches.
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Legal Tech Roundup: MarqVision, Reducto
Several legal technology startups secured new funding this week.