Starting in January of 2023, I started a project that compiles summaries for legal tech and innovation articles and creates a daily automated podcast. The AI Lawyer Talking Tech podcast has been a lot of fun, and gets a few hundred listens each week. That’s not too bad for something that I really created as my own personal professional development tool. I’ve been thinking over the past couple of weeks about what else I could be doing with the data that I’ve collected. One idea that I’m going to test out is to review some of the topic issues of the week and write about them here at 3 Geeks. The first thing I did was make the logo. After working with AI to create a picture, then telling it: “make me fatter”, “a little fatter”, “whoa, not that fat,” I then started thinking of what kind of stories should be highlighted in a weekly review. I’m going to start with some of the big merger/acquisitions or funding rounds with the legal technology vendors, or new feature releases. We’ll see how that goes, and then adjust as needed.
- Legaltech Hub Acquires Legal Tech Consultants
Legaltech Hub has acquired Legal Tech Consultants, aiming to broaden their service offerings and enhance their market presence. This strategic move allows Legaltech Hub to integrate a wealth of expertise and innovative solutions from Legal Tech Consultants, providing a comprehensive suite of services to their clients. The acquisition marks a significant step in consolidating resources and strengthening their position in the legal technology sector. - Hebbia Confirms $130m Investment from Andreessen Horowitz and Google Ventures
Hebbia, a fintech and legal tech startup, secured $130 million in Series B funding, led by Andreessen Horowitz and Google Ventures. Their flagship product, Matrix, enables users to compare and analyze complex documents simultaneously, leveraging multi-modal and multi-model capabilities. This investment underscores Hebbia’s significant growth and its potential to revolutionize document analysis for asset managers, law firms, and Fortune 100 companies. - Wordsmith Raises $5 Million to Empower Lawyers with AI
AI-powered legal assistant platform Wordsmith has raised $5 million to further develop its technology, which aims to enhance lawyers’ capabilities by automating routine tasks. This funding will help Wordsmith integrate with existing legal systems and adhere to stringent security standards, allowing lawyers to focus on high-value work. The platform promises to speed up legal processes significantly, highlighting the growing importance of AI in professional legal services. - BRYTER Launches AI Agents with Major Brand Backing
BRYTER has launched AI Agents, supported by major brands, aiming to enhance legal workflows with advanced AI capabilities. This new product offers innovative solutions for automating complex legal processes, reducing the time and effort required for various tasks. The launch demonstrates BRYTER’s commitment to advancing legal technology and providing cutting-edge tools to law firms and legal departments. - Leya and FromCounsel Launch Knowledge Sharing Pilot with 12 Law Firms
Leya and FromCounsel have partnered to launch a knowledge-sharing pilot program involving 12 law firms. This initiative focuses on leveraging generative AI to enhance legal knowledge management and collaboration. By integrating AI-driven tools, the program aims to streamline knowledge sharing and improve the efficiency and effectiveness of legal research and document drafting within participating firms. - Introducing the Paxton AI Citator: Setting New Benchmarks in Legal Research
Paxton AI has introduced “Citator,” a patent-pending tool that utilizes AI to check the status and significance of case law. Unlike traditional citators, this AI-powered system analyzes related cases and semantic similarities, achieving a 94% accuracy rate in Stanford Casehold Benchmark testing. This innovative tool aims to provide a more reliable and predictive research tool for legal professionals, marking a significant advancement in legal research technology. - Litify Announces Responsible AI Development Approach with AWS and Anthropic
Litify has announced its collaboration with AWS and Anthropic to develop a responsible AI approach for legal technology. This partnership focuses on integrating ethical AI practices into Litify’s platform, ensuring compliance with legal standards and enhancing the functionality of AI in legal operations. This initiative highlights the growing importance of responsible AI development in the legal tech industry. - Midpage: The New GenAI Legal Research Startup
Midpage has launched as a new generative AI legal research startup, aiming to revolutionize how legal research is conducted. By utilizing advanced AI algorithms, Midpage provides more efficient and accurate legal research capabilities. This startup is positioned to significantly impact the legal tech landscape by offering innovative solutions for legal professionals seeking to enhance their research processes. - Spellbook Launches Contract ‘Benchmarks’ to Show What’s Market
Spellbook has launched a new feature called “Contract Benchmarks,” which uses AI to provide market-standard comparisons for legal contracts. This tool helps legal professionals understand prevailing market terms and conditions, improving contract negotiation and drafting. Spellbook’s latest offering represents a significant advancement in contract management technology, leveraging AI to enhance legal practice. - Osprey Approach Partners with UX Specialists Full Clarity
Osprey Approach, a legal software provider, has partnered with UX specialists Full Clarity to enhance the user experience of their platform. This collaboration aims to make legal work more intuitive and user-friendly by incorporating client feedback and conducting UX research workshops. The partnership reflects Osprey Approach’s commitment to continuous improvement and innovation in legal software.