March 28, 2024

Web and Technology News

Darrow gets served $35M for an AI that parses public documents for class action lawsuit potential

The U.S. is famous (or infamous) for its litigiousness: the country may not have the highest per capita amount of lawsuits (that’s Germany), but it has the most of any country overall amid a very active legal industry whose caseload is growing in…

Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash

Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup. The deal, valued at $650 million in cash, is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions. “The acquisition of Casetext is another step in our ‘build, partner and […]

Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash by Kyle Wiggers originally published on TechCrunch

Parrot, an AI-powered transcription platform that turns speech into text, raises $11M Series A

Artificial intelligence touches many aspects of professional industries, including medicine, legal, business, information technology and more. AI-powered transcription service is one example that has become an integral part of those fields.   Parrot, a transcription platform offering speech-to-text depositions for the legal and insurance industry, said Tuesday it has raised $11 million in a Series A […]

Parrot, an AI-powered transcription platform that turns speech into text, raises $11M Series A by Kate Park originally published on TechCrunch

No ChatGPT in my court: Judge orders all AI-generated content must be declared and checked

Few lawyers would be foolish enough to let an AI make their arguments, but one already did, and Judge Brantley Starr is taking steps to ensure that debacle isn’t repeated in his courtroom. The Texas federal judge has added a requirement that any attorney appearing in his court must attest that “no portion of the […]

No ChatGPT in my court: Judge orders all AI-generated content must be declared and checked by Devin Coldewey originally published on TechCrunch

Trust & Will secures $15M after doubling revenue

Drafting a will and planning for what happens to your estate once you pass away is well, not exactly fun. Both tasks can also be very pricey endeavors, not to mention just painful to do for many reasons. And so it’s no surprise that many people put off the tasks, perhaps living in denial they […]

Trust & Will secures $15M after doubling revenue by Mary Ann Azevedo originally published on TechCrunch

LexCheck raises $17M to automate common contracting processes

VCs continue to bet big on legal tech. According to Crunchbase, firms have invested over $1 billion in legal tech companies, an uptick from the $512 million invested last year. Contract management vendors have benefitted in particular as contracting workloads increase; contracting teams at large organizations now manage an average of 19,000 contracts a year […]

LexCheck raises $17M to automate common contracting processes by Kyle Wiggers originally published on TechCrunch

StructureFlow helps attorneys visualize deal flow in a workflow-style interface

Most M&A deals involve a lot of activity from the buyer to the financiers and a myriad interested parties. The typical way of describing this is to write dense text in a contract explaining the relationships, an approach that quickly becomes difficult to follow, even for the most experienced legal minds. StructureFlow’s founder and CEO, […]

StructureFlow helps attorneys visualize deal flow in a workflow-style interface by Ron Miller originally published on TechCrunch

Legl, a SaaS for law firm workflows, tops up with $18M

While valuations of public software-as-a-service businesses have been taking a hammering of late as investors cool on the sector amid a wider, post-pandemic tech stock sell-off, SaaS startups still need to raise funding to scale their budding businesses — or, well, they hope they’ll be able to do so on reasonable terms despite these wider […]

Filevine raises $108 million for tools that streamline legal workflows

Filevine, a startup offering a software-as-a-service product for legal case management, today announced that it closed a $108 million series D round led by StepStone Group with participation from Golub Capital and existing investors Signal Peak Ventures and Meritech Capital. CEO Ryan Anderson said that the proceeds will be put toward pursuing new market opportunities, […]

Filevine raises $108 million for tools that streamline legal workflows

Filevine, a startup offering a software-as-a-service product for legal case management, today announced that it closed a $108 million series D round led by StepStone Group with participation from Golub Capital and existing investors Signal Peak Ventures and Meritech Capital. CEO Ryan Anderson said that the proceeds will be put toward pursuing new market opportunities, […]

Zero Systems gets $12M Series A to bring automation to professional services

Zero Systems launched seven years ago with an idea to bring automation to professional services like law firms. They wanted to focus on speeding up manual tasks, rather than moving large volumes of information, to help lawyers work more efficiently. They came up with an AI-driven system that can identify work product on a lawyer’s […]