by | Jul 31, 2024 | LawSite, legal matters
Last month, KKR, a major global investment firm, announced that it had entered into an agreement to acquire a majority stake in Agiloft, the contract lifecycle management company. As part of the deal, the growth equity firm FTV Capital, already an Agiloft investor, is...
by | Jul 30, 2024 | LawSite, legal matters
With hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average...
by | Jul 30, 2024 | LawSite, legal matters
In its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and...
by | Jul 29, 2024 | LawSite, legal matters
The global legal technology company Litera said today that it has acquired FileTrail, a leading provider of information governance and records management software for law firms, corporations and highly regulated industries. Terms of the deal were not disclosed. With...
by | Jul 24, 2024 | LawSite, legal matters
You have been hearing about it in the news, now see how it works. Last month, Henchman, a generative AI-driven platform that promises to deliver “the fastest contract drafting experience ever made,” announced that it was to be acquired by LexisNexis Legal &...
by | Jul 23, 2024 | LawSite, legal matters
The law practice management company Clio today announced a record-setting raise of $900 million, at a valuation of a whopping $3 billion, in an oversubscribed Series F investment round that the company says will accelerate its ability to continue to build and develop...
