#Legaltech Combination

[sameeranawaz]

The Future of Legal Services: Integrated IP, Tech & LPO Support

The Future of Legal Services: Integrated IP, Tech & LPO Support

The legal industry is undergoing a profound transformation. Traditional models of delivering legal services—often rigid, manual, and expensive—are giving way to more agile, technology-driven, and cost-effective solutions. At the heart of this shift lies the integration of three critical components: Intellectual Property (IP) support, Legal Process Outsourcing (LPO), and Legal Technology (LegalTech).

As we move further into 2025, the integration of these services is not just a trend—it’s becoming essential for firms aiming to remain competitive, innovative, and client-focused.

The Rise of Integrated IP Services

Intellectual Property has become a key asset in a knowledge-based economy. From startups to Fortune 500s, businesses are increasingly focused on protecting innovations and navigating complex patent and trademark landscapes. Yet, IP processes—from patent searches to drafting and filing—require highly specialized skills and significant resources.

This is where integrated IP support comes in. Legal service providers now offer everything from prior art searches, patent drawings, docketing, and portfolio management to litigation support under one umbrella. By outsourcing these tasks to dedicated experts, law firms and corporates can ensure accuracy, save time, and reduce costs—all while focusing their internal resources on high-value strategy and client engagement.

LPO: A Strategic Shift, Not Just Cost Cutting

Legal Process Outsourcing has matured far beyond the early days of simple document review and transcription. Today, LPO providers are taking on complex functions like legal research, contract lifecycle management, e-discovery, and compliance monitoring.

The key shift in 2025 is that LPO is no longer just about cost reduction. It’s about scalability, speed, and strategic advantage. Firms can access on-demand legal talent, ensure 24/7 support across time zones, and manage work in multiple languages. This is especially vital for firms dealing with high-volume cases, global clients, or complex regulatory environments.

LegalTech: The Engine Behind Integration

LegalTech is the backbone enabling this integration. AI-powered tools for legal research, contract analysis, and IP analytics are now standard offerings in modern legal service platforms. Automation is streamlining repetitive tasks, while data-driven insights are helping legal teams make better, faster decisions.

Integrated platforms combine IP tools, LPO dashboards, and legal tech solutions in a unified interface. This reduces inefficiencies, enhances collaboration, and improves client outcomes. Cloud infrastructure ensures secure access to legal work from anywhere, while analytics help firms track turnaround times, quality, and performance metrics.

What This Means for Legal Teams

For law firms and in-house counsel, this integrated model offers a new way of working. It breaks down silos between IP, operations, and technology. It fosters more predictable billing, better client communication, and more agile legal teams.

Firms that embrace this model early will be positioned as forward-thinking, efficient, and client-centric. Those that don’t risk falling behind in a legal landscape that’s evolving faster than ever before.

Conclusion: The future of legal services lies in integration—where IP support, LPO, and LegalTech come together to create smarter, leaner, and more responsive legal ecosystems. In 2025 and beyond, this is not just a competitive edge—it’s the new normal.

[marketingkatalysts]

Google Ads vs. Meta Ads: Which one Wins the B2B Lead Generation Strategies Battle in 2025?

As B2B marketers, we have moved past vanity metrics and cheap clicks. In 2025, B2B lead generation strategies must do much more than driving traffic. They must attract high-intent decision-makers, qualify them and accelerate pipeline velocity.

But here’s the dilemma: budgets are tight, buying cycles are longer and the audience is more distracted than ever.

In this high-stakes environment, Google Ads and Meta Ads are battling for the top spot in the B2B marketer’s toolkit. One thrives on high-intent searches; the other fuels awareness and demand. But which one drives better-quality B2B leads in 2025?

According to Gartner’s 2025 B2B Marketing Outlook, 72% of B2B leaders say that the ability to demonstrate ROI from paid media is now a board-level priority. Choosing the right channel and the right strategy are non-negotiables.

Let’s break down what’s working, what’s not and how to build smarter, funnel-aligned B2B lead generation strategies using Google Ads, Meta Ads or both.

Understanding Buyer Journey for B2B Lead Generation

The modern B2B buyer is anything but linear. Here are some key industry insights to set the tone for the best B2B lead generation strategies for your business. According to the 2025 data:

84% of B2B buyers use social media during the purchase decision process.

73% of decision-makers interact with content before talking to a salesperson.

Over 70% of B2B researchers start their buyer journey with a Google search.

The above statistics reflect a fragmented path; one that requires us to meet potential buyers at multiple touchpoints. That’s where Google and Meta both come in, each offering unique value at different stages of the funnel.

Google Ads: Intent-led Conversions and the Power of Precision

Why Google Ads is impactful in B2B Lead Generation?

High Commercial Intent: You’re capturing leads when they are closest to purchase decisions.

Precision Targeting: Match-based keyword strategy, combined with in-market audiences and custom segments, refines who sees your ads.

AI-Powered Automation: Tools like Performance Max and Smart Bidding optimize for leads and pipeline quality.

According to Search Engine Journal in 2025, the average cost per B2B lead via Google Search Ads in competitive industries (like SaaS and LegalTech) is $69, but those leads are 2.4x more likely to convert compared to social ad traffic.

How to create winning B2B Lead Gen Strategies on Google Ads:

1. Target Bottom-of-the-Funnel (BoFu) Keywords: Skip generic keywords and zero in on problem-solution terms like ‘best CRM for law firms’ or ‘compliance automation for fintech.’

2. Use Lead Form Extensions: Capture leads without redirecting to a landing page to effectively reduce drop-offs.

3. Pair with Remarketing Campaigns: Retarget site visitors and ad clickers with tailored offers like demos or whitepapers.

4. Layer with Negative Keywords: Filter out irrelevant traffic that drains budget but doesn’t convert.

Expert Insight:

“With B2B, it’s not about volume, it’s about velocity. Google Ads lets us focus on bottom-of-the-funnel buyers who are actively looking to solve a problem.” Tim Davidson, VP of Marketing at Directive Consulting

Meanwhile, the competition on high-intent keywords is fierce and costs continue to rise. Success depends on a precise strategy, tightly aligned landing pages and constant optimization.

Meta Ads: The Demand Generation powerhouse for B2B brands

While Google Ads captures existing demand, Meta Ads (including Facebook, Instagram and Messenger), create it. With over 3 billion monthly users, Meta remains a powerful platform for B2B marketers looking to generate awareness, educate audiences and build trust over time.

Why Meta Ads Still Matter in B2B Lead Generation:

Visual Storytelling: Formats like reels, carousels and lead forms drive engagement with complex topics in creative ways.

Advanced Targeting: Job titles, company sizes, interests and lookalikes help you reach the right professionals.

Efficient Top-of-the-Funnel Reach: Lower CPCs and broader reach make it ideal for startups and mid-funnel nurturing.

According to Meta’s Q1 2025 Business Report, B2B advertisers using Instant Forms saw a 31% increase in conversion rate and 21% lower cost per lead compared to directing users to third-party landing pages.

How to create powerful B2B Lead Generation strategies on Meta Ads:

1. Run Native Lead Gen campaigns: Meta’s Instant Forms simplify the user journey, especially on mobile, while feeding leads directly into your CRM.

2. Leverage Thought Leadership videos: Position your founders or experts as problem-solvers for industry-specific pain points.

3. Use Retargeting Smartly: Re-engage those who watched 50%+ of your video or visited your pricing page with tailored mid-funnel content.

4. Build lookalike Audiences from existing clients: Meta’s AI can help find prospects who behave like your best customers.

“B2B buyers spend time on social platforms just like consumers do. Meta lets you deliver the right message in the right context.” Kipp Bodnar, CMO, HubSpot. While Meta Ads may not deliver sales-qualified leads overnight, they excel at warming up cold audiences and reducing CAC when part of a longer nurture journey.

Quick Tip: Use Google for precision. Use Meta for scale. Together, they form a full-funnel lead engine when aligned correctly.

Building a Full-Funnel B2B Lead Generation Strategy in 2025

The smartest B2B marketers are blending Google and Meta into orchestrated campaigns that deliver value at every stage of the buyer journey:

Awareness Stage (Meta): Use short-form videos and gated thought leadership to drive traffic and build brand familiarity.

Consideration Stage (Meta + Google Retargeting): Retarget those who engaged on Meta with Google Display Ads offering mid-funnel content (e.g., case studies).

Decision Stage (Google Search): Use BoFu keywords and compelling CTAs (like free audits, calculators, or demo requests) to seal the deal.

It’s worth noting that the Demand Gen Report 2025 has found that companies using integrated paid ad strategies across search and social saw 42% higher lead-to-opportunity conversion rates than those relying on a single channel.

Final Verdict: Don’t Choose, Strategize.

In 2025, there’s no one-size-fits-all solution to B2B lead generation strategy. The choice between Google Ads and Meta Ads isn’t binary, it’s about using each platform’s strengths strategically.

Use Google Ads when you need to capture demand, convert ready buyers, and drive bottom-of-the-funnel leads.

Use Meta Ads when you want to create demand, build relationships, and guide leads through a longer journey.

The ultimate magic lies in synergy.

Ready to Build a Full-Funnel B2B Lead Engine?

At Katalysts, we specialize in crafting B2B lead generation strategies that don’t just look good on paper but perform across platforms. Whether you’re scaling a SaaS startup, launching into a new market or tired of inconsistent lead quality, we are here for you.

Let’s map out a smarter ad strategy that brings leads, not just clicks. Talk to our B2B growth team today!

Source: This blog is first published on Katalysts.net

[legalshell-app]

Instant Legal Advice Now at Your Fingertips

The Legal Shell app is revolutionizing access to legal services and advice by utilizing the latest advancements in legal technology (legaltech) and artificial intelligence (AI). With this innovative app, users can simply scan or upload a document and receive instant legal opinions and insights on that document within seconds. Whether you are an individual with questions about a rental agreement, or a small business owner seeking to understand the finer details of a supplier contract, the Legal Shell app puts the power of legal knowledge right in the palm of your hand. No more deciphering complex legal jargon or waiting days to get legal consultation. The app's artificial intelligence capabilities, including natural language processing and machine learning algorithms, can analyze the terminology and clauses in legal documents in a fraction of the time it would take a human. It then generates easy-to-understand legal briefs, opinions, and next-step recommendations customized to your needs. This means instant access to justice, without the often prohibitive legal fees. Questions and queries on rental agreements, business contracts, estate planning, trademarks, taxes, and more can now be addressed conveniently and cost-effectively. Whether you are an entrepreneur looking to launch a business on secure legal grounds, or a homeowner planning for long-term care for elderly parents, the Legal Shell app opens doors to legal knowledge that can help you make informed decisions. No advanced legal expertise is required on the user's part. By increasing accessibility, reducing costs, and utilizing technology effectively, this app has the potential to close the wide justice gap when it comes to legal services. It puts professional-grade legal advice right at the fingerprints of individuals and businesses. The future has arrived for legal services, and it looks promising.

Get Instant Legal Advice - Download Now

Revolutionize your access to legal knowledge. Download the Legal Shell app now for instant AI-powered analysis on rental agreements, business contracts and more!

For iPhones For Androids

Here is the text of the second part of the article, focusing on how Legal Shell is providing critical access to justice:

Democratizing Access to Legal Knowledge

The Legal Shell app is living up to its name by cracking open access to legal services. Understanding and is easier than ever before thanks to artificial intelligence capabilities. Simply use your smartphone camera or upload a like an agreement, contract, or court filing. The app scans and analyzes it using and technology. Within seconds, you receive a customized summarizing key clauses, risks, rights and recommendations in easy to grasp language. Whether you have about an employment agreement or lease, are launching a small business, or planning an estate - is available on-demand. The Legal Shell app demystifies so you can make informed decisions. Its bridge the gap for countless individuals and businesses alike. This app is the embodiment of and combined. It makes affordable, trustworthy and convenient without deciphering confusing legal terminology. As artificial intelligence capabilities grow more advanced and accessible, equal access to legal knowledge and services can become the norm. The Legal Shell app represents a revolutionary step in that direction by utilizing technology to lift barriers standing in the way of justice.

Key takeaways

Get instant legal advice on documents

AI analyzes legal jargon

Demystifies complex agreements

Bridges access to justice gap

Revolutionizes legal services

Conclusion

By leveraging technology to increase accessibility and reduce costs, the Legal Shell app has the potential to significantly close the wide justice gap when it comes to legal services.

[mytechmag]

With social distancing a necessity, digital adoption became a norm for industries across the world. Tech-enabled legal proceedings are here to stay, as the world sees no complete eradication of this deadly virus anytime soon.

[louislehot05]

The Best Legal Tech Tools to Help Entrepreneurs to Manage Legal Processes

By: Amanda Ciccatelli

As we emerge from a global pandemic where working from home for many has become the new normal, smart entrepreneurs must leverage remote work and other technology to manage and scale their businesses.

Twenty years ago, the first dollar of startup revenue was likely not far from Founder Louis Lehot’s elite boutique law firm L2 Counsel in Silicon Valley. Since then, startups have globalized — with one co-founder at one end of the world, another at the other, R&D, sales and marketing all over. Technology businesses are inherently global, so they must operate in compliance with multiple jurisdictional statutes, rules, regulations, commercial contracts, licenses and more. Now more than ever, LegalTech tools will play a key role in running legal processes for your business.

Today, legal process points cause frustration for entrepreneurs everywhere — from harvesting and protecting IP rights, to storing and securing customer information, to negotiating and renewing contracts — the potential for human error is big. To alleviate this issue, LegalTech tools can enable safe, secure and private communication, document storage and management, e-signature and cloud-enabled contract management and AI tools.

We sat down with Louis Lehot who has represented hundreds of startups over the last 20 years, to discuss the best LegalTech tools to use for your business. Below is a list of the best LegalTech tools for collaboration, spend management, and contract review, according to Louis Lehot.

The Best LegalTech Tools for Collaboration:

Zoom has become the poster child for video-conferencing lately. With high quality images and audio, virtual backgrounds, audio calling, conference calls, screen sharing and scheduling, startups have flocked to this affordable technology.

“While it has had some security issues, and could be improved to allow for better recording and editing, it remains a piece of resistance for legal communications and collaboration,” he said.

Skype has been accelerating enterprise penetration since its acquisition by Microsoft, allowing for free web meetings, video conference and VOIP software. There is also an instant messaging feature, audio and video call features, mobile phones and landline calling, paid international calling, and conference call capabilities for up to 25 people.

Louis Lehot added, “During video sessions, users can share their screen, and other features include background blurring, voice and text translation, location sharing, and conversation searching.”

Microsoft Teams combines video conferencing with team collaboration tools, allowing MS Office users to conduct conference calls and share files, as well as join or initiate a group chat. He said, “The shared chat space and ability to break out into smaller groups can enable collaboration tools to share documents.”

However, deletion of messages is not enabled, there is no group calendar option, and the permission settings are not user-friendly.

RingCentral is a VOIP solution available in the cloud, featuring video and audio conferencing, desktop phone rentals, collaboration tools and integrations with other apps. According to Louis Lehot, it is known for quality voice and video communication, consistent interface across platforms, good performance, messaging and texting. But, generating reports takes about 24 hours and often contain inaccuracies, group calls are challenging, and there is no forwarding to an external number or group texting features as of this writing.

Google Hangouts provides a communication and extension of the Google collaboration platform to include messaging, voice, VoIP, and video call capabilities. Louis Lehot explained that users can “Hangout” to start a chat or video call, phone call using Wi-Fi or data, send text messages with a Google Voice or Google Fi phone number. “They sync across devices, and you can start a call on one device and switch to another. It’s free, can run on almost any platform, easy to set up, with a clean and intuitive interface,” added.

Cisco WebEx is a cloud-based phone system optimized for midsized and large enterprises. It presents essential business calling capabilities and removes complexity of managing a phone system infrastructure on premises. According to Louis Lehot, this tool has an easy interface, fast notifications to email, clear connections, easy to add users, mobile use, easy to switch between devices and collaboration with WebEx document sharing teaming. The only problem is that it can take 5–10 minutes to download the local client, so Louis Lehot advises that you make sure your other users have previously installed it.

The Best LegalTech Tools for Spend & Matter Management:

Clio, Practice Panther, Thomson Reuters (Serengeti), and other programs attempt to solve the problem of managing budgets, billing and time management. Clio and PracticePanther are web-based legal practice management software packages, principally for small law firms and solo practitioners, with case management, accounting and document storage functions.

SimpleLegal focuses on modern legal operations management that combines matter management, e-billing and spend management, vendor management, knowledge management and provides business insights through robust reporting and analytics.

“It is best for tracking expenses, creating, analyzing matters, reporting and analytics,” he said. “However, some wish that it had the functionalities of QuickBooks and out-of-the-box API integrations.”

Acuity Elm is a cloud-based enterprise legal spend management solution, providing business solutions to in-house counsel and legal ops teams of all sizes. Louis Lehot likes that it helps teams reduce spend, increase productivity and improve outcomes and transparency.

“It serves as a communication for clients and counsel to share and organize documents, as well as manage time entry, and it keep track of cases,” he explained. “But it is criticized for provoking tension between companies and counsel and being overly complex.”

The Best LegalTech Tools for Contract Review:

Contract Companion provides a proofreading tools that leverages AI to ensure documents meet quality standards, automatically identifies and reviews errors in real-time and quickly bacs back to higher-value activities.

He added, “It consistently demonstrates capabilities and work integrity and has time management tools designed to reduce time pressure and complete a precise review that is difficult to achieve manually.”

Kira Networks is a machine learning software tools that identifies extracts and analyzes content in contracts and documents with accuracy and efficiency. From increasing efficiency of the contract review process to the flexibility of building and integrating solutions together, according to Louis Lehot, Kira is designed to allow users to easily extract insights from contracts and documents.

Contract Express automates your legal document creation process and ensures your documents are complete and accurate. In Louis Lehot’s experience, this tool provides an intuitive markup, compliance and relevancy tool and automates the drafting process for complex legal documents without requiring IT programmers.

ParleyPro is a new contract review and management platform designed to close better contracts faster with smart collaboration. He explained, “It is praised for its ability to enable the legal team’s ability to scale its effectiveness, by facilitating effective creation, negotiation, execution and management of all contracts across vendors and partners in one place.”

One thing to keep in mind is that while its flexibility is praised, there is still complexity that requires advance planning.

Concord is a contract lifecycle management platform built to work across an organization’s many functions. It has a simple design, with an end-to-end solution to make it easier to create, collaborate, negotiate, e-sign and manage agreements.

Louis Lehot shared some advice for entrepreneurs who are in search of a LegalTech tools right now. He said, “LegalTech tools are necessary to automate processes, communicate, collaborate, manage projects, improve accuracy and reduce spending. There is no one legal tech tool that solves everything.”

About the Author: Amanda is a Freelance Journalist for a variety of online publications where she covers legal technology, intellectual property, litigation and more. She has been writing about technology, business and law for almost 10 years. Amanda earned a B.A. in Communications: Public Relations and Journalism from Central Connecticut State University. Follow her at @AmandaCicc.

[don-lichterman]

Questel LegalTech Solutions Optimizes the Ascent eDiscovery™ Buyer’s Journey

Questel LegalTech Solutions Optimizes the Ascent eDiscovery™ Buyer’s Journey

doeLEGAL & Morningside apply strengths to the eDiscovery buyer’s journey Questel leverages Morningside’s global presence with the largest legal departments and law firms, and doeLEGAL’s expertise with eDiscovery technology services. Combining our two companies’ strengths provides the best foundation for our teams to apply their vast experience & skillsets. The goal is to offer the most benefit…

[un-enfant-immature]

ThoughtRiver nabs $10M to speed up deal-making with AI contract review

ThoughtRiver, a London-based legaltech startup that’s applying AI to speed up contract pre-screening, has announced a $10 million Series A round of funding led by Octopus Ventures. Existing seed investors Crane, Local Globe, Entrée Capital, Syndicate Room, and angel investor Duncan Painter also participated in the round.

The UK startup is one of a number applying AI to automate work that would otherwise be done by legal professions with the aim of boosting operational efficiency. Other startups playing in the space include the likes of Kira Systems, LawGeex and Luminance to name a few.

ThoughtRiver argues it has a different focus vs the majority of contract view companies because it’s focusing on pre-signature contracts — with the aim of making securing a deal faster. “Almost all others are just employed to pull data from existing contracts. ThoughtRiver is as much in demand by Sales teams as it is by Legal,” a spokesman told us.

The Series A investment comes after twelve month’s of what it’s billed as significant growth for the 2015-founded startup, which says its automated contract review software is now being used by the likes of G4S, Singtel and DB Schenker. It launched a service at the end of 2017 and now has more than 25 customers around the world, per the spokesman.

It also trumpets inking a strategic partnership with professional services firm PwC — which will see the latter developing a service for its clients powered by ThoughtRiver’s software, according to a press release.

ThoughtRiver touts up to 95% in time and 80% in cost savings vs an initial contract review that’s carried out by in-house lawyers. And ‘faster contract reviews sum to increased deal flow velocity’ is its overarching claim.

On the tech side, ThoughtRiver has created an ontology of contract legal logic, couched as a series of detailed questions which, combined with its natural language processing (NLP) engine, enables its software to pre-screen contracts by generating a risk assessment. It will also suggest tweaks to the legalese to remediate problems, including via a plug-in for Microsoft Word, where customers’ in-house lawyers may prefer to work.

Other benefits the startup touts are data extraction to power contract analytics at scale — such as for due diligence or to assess the impact of regulatory change. Its sale pitch also suggests that easy access to an overview of contractual positions helps customers by enabling better-informed business relationships.

Image credit: ThoughtRiver

ThoughtRiver has already established offices in New York, Singapore, London, Cambridge and Auckland. It says the new funding will be put towards further growth in the US market, where it will be dialling up sales and marketing efforts. Expanding integrations with major tech partners is also on the cards.

Commenting on the funding in a statement, Akriti Dokania, early stage investor at Octopus Ventures, said: “While the legal sector has been slow to adopt AI compared to other industries, ThoughtRiver has a proven business model based on solving a fundamental issue for lawyers. By using an advanced Natural Language Processing engine to drive faster contract reviews and acceleration of deal flow and business growth, legal professionals can work more efficiently than ever. We are thrilled to support the ThoughtRiver team with its plans for global expansion as the firm disrupts an established market and set of processes.”

[inventivaindia]

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Genie AI, a legal tech startup and Entrepreneur First alumni, has raised £2 million in funding. The round is a combination of equity and a U.K. government grant, and will be used to continue development of the company’s “intelligent” contract editor for law firms and an upcoming product targeting GDPR compliance.

Leading the £1.2 million equity investment is Connect Ventures, with participation…

[endenogatai]

ThoughtRiver nabs $10M to speed up deal-making with AI contract review

ThoughtRiver, a London-based legaltech startup that’s applying AI to speed up contract pre-screening, has announced a $10 million Series A round of funding led by Octopus Ventures. Existing seed investors Crane, Local Globe, Entrée Capital, Syndicate Room, and angel investor Duncan Painter also participated in the round.

The UK startup is one of a number applying AI to automate work that would otherwise be done by legal professions with the aim of boosting operational efficiency. Other startups playing in the space include the likes of Kira Systems, LawGeex and Luminance to name a few.

ThoughtRiver argues it has a different focus vs the majority of contract view companies because it’s focusing on pre-signature contracts — with the aim of making securing a deal faster. “Almost all others are just employed to pull data from existing contracts. ThoughtRiver is as much in demand by Sales teams as it is by Legal,” a spokesman told us.

The Series A investment comes after twelve month’s of what it’s billed as significant growth for the 2015-founded startup, which says its automated contract review software is now being used by the likes of G4S, Singtel and DB Schenker. It launched a service at the end of 2017 and now has more than 25 customers around the world, per the spokesman.

It also trumpets inking a strategic partnership with professional services firm PwC — which will see the latter developing a service for its clients powered by ThoughtRiver’s software, according to a press release.

ThoughtRiver touts up to 95% in time and 80% in cost savings vs an initial contract review that’s carried out by in-house lawyers. And ‘faster contract reviews sum to increased deal flow velocity’ is its overarching claim.

On the tech side, ThoughtRiver has created an ontology of contract legal logic, couched as a series of detailed questions which, combined with its natural language processing (NLP) engine, enables its software to pre-screen contracts by generating a risk assessment. It will also suggest tweaks to the legalese to remediate problems, including via a plug-in for Microsoft Word, where customers’ in-house lawyers may prefer to work.

Other benefits the startup touts are data extraction to power contract analytics at scale — such as for due diligence or to assess the impact of regulatory change. Its sale pitch also suggests that easy access to an overview of contractual positions helps customers by enabling better-informed business relationships.

Image credit: ThoughtRiver

ThoughtRiver has already established offices in New York, Singapore, London, Cambridge and Auckland. It says the new funding will be put towards further growth in the US market, where it will be dialling up sales and marketing efforts. Expanding integrations with major tech partners is also on the cards.

Commenting on the funding in a statement, Akriti Dokania, early stage investor at Octopus Ventures, said: “While the legal sector has been slow to adopt AI compared to other industries, ThoughtRiver has a proven business model based on solving a fundamental issue for lawyers. By using an advanced Natural Language Processing engine to drive faster contract reviews and acceleration of deal flow and business growth, legal professionals can work more efficiently than ever. We are thrilled to support the ThoughtRiver team with its plans for global expansion as the firm disrupts an established market and set of processes.”

from RSSMix.com Mix ID 8204425 https://ift.tt/3jSgBDi via IFTTT

[loudmouthrep]

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Genie AI, a legaltech startup and Entrepreneur First alumni, has raised £2 million in funding. The round is a combination of equity and a U.K. government grant, and will be used to continue development of the company’s “intelligent” contract editor for law firms and an upcoming product targeting GDPR compliance. Leading the £1.2 million equity […] http://dlvr.it/R8y1t0

[dizzedcom]

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Genie AI, a legal tech startup and Entrepreneur First alumni, has raised £2 million in funding. The round is a combination of equity and a U.K. government grant, and will be used to continue development of the company’s “intelligent” contract editor for law firms and an upcoming product targeting GDPR compliance.

Leading the £1.2 million equity investment is Connect Ventures, with participation…

[cyberblogin]

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

[ad_1]

Genie AI, a legal tech startup and Entrepreneur First alumni, has raised £2 million in funding. The round is a combination of equity and a U.K. government grant, and will be used to continue development of the company’s “intelligent” contract editor for law firms and an upcoming product targeting GDPR compliance.

Leading the £1.2 million equity investment is Connect Ventures, with…

[taleshalance4]

Integration of Enterprise Legal Management and GRC

There are various technical and legal challenges faced by an in-house legal team due to the enormous data incoming from various other enterprise applications. It becomes even more complex when the task of sifting through data is combined with the need to interact with those entities. Therefore, legal professionals are now looking for a tech-enabled solution that helps them face these challenges more efficiently and systematically.

With the explosion of data, it is becoming increasingly complex and difficult to manage the governance, risk, and compliance functions within an organization. As reported, in-house legal teams are now looking at regulatory issues as their biggest litigation threat and are closely working more than ever with their compliance organizations at efficiently identifying and mitigating risks. As opposed to the past, the corporate legal team and their compliance counterpart are no longer separate entities with isolated and siloed functions but a complementary body that coordinate their efforts to achieve the organization’s business objectives.

A quintessential legal and compliance team at any given point is laden with managing almost three or four dozen discrete and complex processes that require technological support. This includes processes such as matter management, e-discovery, claims litigation management, incident tracking, legal risk management, contract management, etc. which include an interplay with other IT-driven, in-house enterprise software applications such as accounts payable, HR systems, and more. Without an integrated enterprise management solution, it can become very difficult for any organization to handle these processes and interactions while managing them effectually.

Modern-day GCs working with their legal and compliance team aim for total visibility into their operations sans the burden of unsynchronized interaction with various software/enterprise systems and processes. Pioneering in-house teams are seeking an integrated Enterprise Legal Management platform that comprises not only enterprise-class core legal and compliance applications but also robust, open integration capabilities with packages connectors to compatible third-party systems. PracticeLeague LegalTech has revolutionized the processes of in-house counsels by bringing their entire team on a single collaborative platform increasing the efficiency and productivity of the entire team as a whole. The integrated system will adapt to the company’s current needs while allowing for flexibility in accommodating any future changes and growth. Integrating an extensive partner network provides the means by which organization will attain transparency required across legal, compliance and other enterprise functions.

Enterprise Legal Management (ELM) is defined as means of integrating legal, compliance, risk-related, and other data and processes across the enterprise to maximize operational efficiency to allow actionable insights leading to more informed legal and business decisions. This entails bringing together a network of technology providers that address the needs of the organization as a whole.

Gartner in their research paper argues that ELM should be seen as a subdivision of Governance, Risk, and Compliance (GRC) platforms and calls it a part of a growing category of GRC solutions. This enables enhancing and supporting interactions between the general counsel and other executive leadership.

ELM solutions have moved beyond basic legal matter management and e-billing processes and must include:

Seamlessly connect with other legal and non-legal enterprise applications and data sources such as accounts payable, contract management, and reporting solutions

Keep up with changing regulations that affect the overall organization

Manage their associated controls, policies, and procedures

This application will streamline the in-house legal team’s work and enhance the collaboration among both the internal teams and with external service providers. It will offer them the ability to leverage data from across systems and departments to alleviate risk and manage legal matters and compliance strategically, along with their associated costs.

ELM solutions will empower the GCs to make decisions that heavily rely on metrics and analytics instead of instincts, thereby, transforming the legal team into a data-driven organization. This will enable the leaders to easily sift through enormous data and make informed decisions ranging from which matters to bring in-house to how to better negotiate rates within a particular market.

As more and more organizations are adopting the ELM strategy, it has resulted in the creation of a legal ecosystem which is known to be a connected platform of data sources, enterprise systems, and dedicated applications. This enables the users to access the best features from dedicated solutions and having the ability to report on data across multiple systems without many different logins. Moreover, IT departments can now justify the technological investments for current usage as well as respond to future requests through this scalable technology platform. Any database application connected to the ecosystem would take advantage of the established reporting, user security, mobile access, workflows, and audit trail.

As organizations adapt to the technological advancements, the position of general counsel will be a key area to observe as it overlaps and is involved with different entities within the organization itself. This innovation in legal technology and its increasing usage promises efficiency, data reliability, and scalability that will prove to have a good ROI which is necessary to control legal costs.

Owing to legal tech, ELM has expanded its role and scope beyond mere spend and matter management and evolved into a more comprehensive system that includes processes such as optimized contract management, NDA creation, and distribution, legal holds, legal service requests and much more.

As corporate legal teams are driven with the objective of improving efficiency and enhanced productivity while meeting their corporate goals, they are looking to deploy leading-edge technology for various legal processes which will help them gain a competitive advantage over their competitors.

And one such process which is capturing the eye of top counsels is applied artificial intelligence for contract management. Research has found that inefficient contracting can cause anywhere between 5%-40% loss on a given deal, depending on the circumstances. But as AI takes over legal tech, it is helping companies overcome various challenges related to contract management.

One of the biggest challenges that an in-house counsel faces is the process of contract creation, execution, and analysis that becomes arduous as its sheer volume increases. Due to a lack of uniformity, contracts become difficult to track, organize, manage, and update. Apart from this, organizations are at a loss of a database of all the information in their contracts, including an efficient way to extract data from the pile.

How AI can help in solving these issues is very interesting to observe. The AI-enabled software can easily extract data and clarify the content of the contracts. For eg: it can pull out or organize renewal dates or renegotiation terms from n number of contracts. This allows the legal team to review contracts more rapidly, organize and locate large amounts of contract data efficiently while diminishing the potential for contract disputes and increase the volume of contracts they are able to negotiate and execute. Apart from streamlining the contract development process, AI will also help in contract management where it will make the data extraction painless for legacy contracts and provide faster and better insights into contractual data.

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Integration of Enterprise Legal Management and GRC

There are various technical and legal challenges faced by an in-house legal team due to the enormous data incoming from various other enterprise applications. It becomes even more complex when the task of sifting through data is combined with the need to interact with those entities. Therefore, legal professionals are now looking for a tech-enabled solution that helps them face these challenges more efficiently and systematically.

With the explosion of data, it is becoming increasingly complex and difficult to manage the governance, risk, and compliance functions within an organization. As reported, in-house legal teams are now looking at regulatory issues as their biggest litigation threat and are closely working more than ever with their compliance organizations at efficiently identifying and mitigating risks. As opposed to the past, the corporate legal team and their compliance counterpart are no longer separate entities with isolated and siloed functions but a complementary body that coordinate their efforts to achieve the organization’s business objectives.

A quintessential legal and compliance team at any given point is laden with managing almost three or four dozen discrete and complex processes that require technological support. This includes processes such as matter management, e-discovery, claims litigation management, incident tracking, legal risk management, contract management, etc. which include an interplay with other IT-driven, in-house enterprise software applications such as accounts payable, HR systems, and more. Without an integrated enterprise management solution, it can become very difficult for any organization to handle these processes and interactions while managing them effectually.

Modern-day GCs working with their legal and compliance team aim for total visibility into their operations sans the burden of unsynchronized interaction with various software/enterprise systems and processes. Pioneering in-house teams are seeking an integrated Enterprise Legal Management platform that comprises not only enterprise-class core legal and compliance applications but also robust, open integration capabilities with packages connectors to compatible third-party systems. PracticeLeague LegalTech has revolutionized the processes of in-house counsels by bringing their entire team on a single collaborative platform increasing the efficiency and productivity of the entire team as a whole. The integrated system will adapt to the company’s current needs while allowing for flexibility in accommodating any future changes and growth. Integrating an extensive partner network provides the means by which organization will attain transparency required across legal, compliance and other enterprise functions.

Enterprise Legal Management (ELM) is defined as means of integrating legal, compliance, risk-related, and other data and processes across the enterprise to maximize operational efficiency to allow actionable insights leading to more informed legal and business decisions. This entails bringing together a network of technology providers that address the needs of the organization as a whole.

Gartner in their research paper argues that ELM should be seen as a subdivision of Governance, Risk, and Compliance (GRC) platforms and calls it a part of a growing category of GRC solutions. This enables enhancing and supporting interactions between the general counsel and other executive leadership.

ELM solutions have moved beyond basic legal matter management and e-billing processes and must include:

Seamlessly connect with other legal and non-legal enterprise applications and data sources such as accounts payable, contract management, and reporting solutions

Keep up with changing regulations that affect the overall organization

Manage their associated controls, policies, and procedures

This application will streamline the in-house legal team’s work and enhance the collaboration among both the internal teams and with external service providers. It will offer them the ability to leverage data from across systems and departments to alleviate risk and manage legal matters and compliance strategically, along with their associated costs.

ELM solutions will empower the GCs to make decisions that heavily rely on metrics and analytics instead of instincts, thereby, transforming the legal team into a data-driven organization. This will enable the leaders to easily sift through enormous data and make informed decisions ranging from which matters to bring in-house to how to better negotiate rates within a particular market.

As more and more organizations are adopting the ELM strategy, it has resulted in the creation of a legal ecosystem which is known to be a connected platform of data sources, enterprise systems, and dedicated applications. This enables the users to access the best features from dedicated solutions and having the ability to report on data across multiple systems without many different logins. Moreover, IT departments can now justify the technological investments for current usage as well as respond to future requests through this scalable technology platform. Any database application connected to the ecosystem would take advantage of the established reporting, user security, mobile access, workflows, and audit trail.

As organizations adapt to the technological advancements, the position of general counsel will be a key area to observe as it overlaps and is involved with different entities within the organization itself. This innovation in legal technology and its increasing usage promises efficiency, data reliability, and scalability that will prove to have a good ROI which is necessary to control legal costs.

Owing to legal tech, ELM has expanded its role and scope beyond mere spend and matter management and evolved into a more comprehensive system that includes processes such as optimized contract management, NDA creation, and distribution, legal holds, legal service requests and much more.

As corporate legal teams are driven with the objective of improving efficiency and enhanced productivity while meeting their corporate goals, they are looking to deploy leading-edge technology for various legal processes which will help them gain a competitive advantage over their competitors.

And one such process which is capturing the eye of top counsels is applied artificial intelligence for contract management. Research has found that inefficient contracting can cause anywhere between 5%-40% loss on a given deal, depending on the circumstances. But as AI takes over legal tech, it is helping companies overcome various challenges related to contract management.

One of the biggest challenges that an in-house counsel faces is the process of contract creation, execution, and analysis that becomes arduous as its sheer volume increases. Due to a lack of uniformity, contracts become difficult to track, organize, manage, and update. Apart from this, organizations are at a loss of a database of all the information in their contracts, including an efficient way to extract data from the pile.

How AI can help in solving these issues is very interesting to observe. The AI-enabled software can easily extract data and clarify the content of the contracts. For eg: it can pull out or organize renewal dates or renegotiation terms from n number of contracts. This allows the legal team to review contracts more rapidly, organize and locate large amounts of contract data efficiently while diminishing the potential for contract disputes and increase the volume of contracts they are able to negotiate and execute. Apart from streamlining the contract development process, AI will also help in contract management where it will make the data extraction painless for legacy contracts and provide faster and better insights into contractual data.

The post Integration of Enterprise Legal Management and GRC appeared first on Law Technology Today.

from http://bit.ly/2IAYpOZ

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ABAJournal

Practice management software company #PracticePanther and billing software company #Bill4Time are combining to become #ASGLegalTech. The announcement was made Thursday by Alpine SG, the parent company of ASG LegalTech. https://t.co/WUzMXoyqmK #LawPracticeManagement pic.twitter.com/0vC5mBKPh9

— ABA Journal (@ABAJournal) February 21, 2019

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