#PactSafe

[retailtouchpoints]

What To Know Before Selling Online

By Eric Prugh, PactSafe

Digital marketplaces have made it overwhelmingly simple to open up an online store and sell products online. Between Etsy, Shopify, eBay, and a host of other online marketplaces, it’s never been easier to make your products available for your customer base. These online marketplaces often manage the online legal regulations for starting an online e-Commerce store, but there are times when sellers/shop owners are the ones responsible for knowing and following the rules and regulations for selling.

Before you set up shop and make your first online sales, there are several legal mandates to consider. For example, there are rigorous restrictions for shipping certain products like nail polish, alcohol and dry ice, and if you are operating the business out of your home, you need to know the zoning laws in your state. The following list of things to consider is by no means comprehensive, but here are five legal things you should know before selling online.

1. Have an informative, concise Terms of Service

Your customers deserve transparency about the way your business operates and what rights they have as users. If signing up for your service or purchasing your product online comes with weekly emails, recurring charges or an auto-renewal, this should be outlined in your Terms of Service and presented conspicuously to your customers.

It is important that customers are given notice of and can acknowledge the Terms before signing up; otherwise, your new business runs the risk of having unenforceable Terms and increase the possibility of a class action suit. Having notifications about the contents and updates of your Terms of Service is an easy way to build trust and transparency with your customers.

2. Protect your users’ data

Just like any retailer, online retailers must have reputable payment gateways. If your online marketplace isn’t using third-party companies (PayPal, CashApp, Venmo, etc.) for payment, it is your responsibility to be compliant with local data protection standards. If you serve customers that are based in the EU, for example, you must protect users’ data in accordance with the GDPR. While the U.S does not have a nationwide privacy law, California law requires web sites that process the data of California residents to follow CalOPPA, and starting in January 2020, CCPA.

Non-compliance is an expensive lawsuit waiting to happen. Become PCI compliant, understand the steps you need to take to encrypt credit card data for your checkout flow and do away with other purchasing data.

3. Insure your product

Whether you’re selling software, a service or materials, it’s important to protect your product or service. In some cases, this might mean having delivery insurance and an exchange policy. In others, it can be as simple as providing customers with a cancellation policy upfront, or a process for service review and feedback.

Good communication is important; no one wants to be left in the dark, particularly a customer in the digital age. Nurture customer relationships like you would any other — with trust and accountability. If everyone is aware of how they are being held responsible in this two-sided relationship, there is less room for legal blunders.

4. Protect your intellectual property

Before you set up your online store or even before you begin selling, it’s crucial that you put legal standards in place about your intellectual property. This means trademarking, patenting and copyrighting your logo, your content, your brand in general. This prevents others from passing off your hard work as theirs. Even more important, putting these legal measures in place will help you double-check that no one else has already claimed your business name. Take the necessary steps to research your product or service, and make it legally official.

5. Have excellent recordkeeping in place

None of the previous four tips matter if there is no record of transactions or of which customers agreed to your Terms before completing the transaction. Easily accessible records of online interactions with customers go a long way in helping you establish expectations between yourself and customers. It is as much for your protection as it is for theirs. Exceptional digital recordkeeping is too often an afterthought and lands companies in hot water. Telling customers how you are protecting them is not enough; your company needs to record when and how customers were notified of your online terms in order for any of your legal efforts to be considered legitimate.

Doing your research and protecting your business before you even start it will help you get further faster and protect you from potential litigation. Starting an online business is easy enough; however, without the proper legal protections in place, you might start losing money before you make it.

As Co-Founder and CEO, Eric Prugh oversees product, customer success, solutions engineering and partnerships at PactSafe, a SaaS company that securely powers high-velocity acceptance for contracts. Prior to his current role, Prugh spent seven years at ExactTarget and Salesforce supporting sales exceeding $30 million in sales, worked for two years in Australia developing the APAC business which grew over 10X during his tenure, and led product and engineering for content management products for what became Salesforce Marketing Cloud.

[impossibledeanmakerwombat]

Consent management Market Into depth Analysis, Growth Strategies and Comprehensive Forecast to 2021 to 2028

In 2021, the consent management market is expected to be worth US$ 988 Million. Through 2028, it is anticipated to expand at a 9 percent CAGR.

As per a new investigation of Future Market Insights (FMI), the Consent management market is relied upon to observe a promising development sooner rather than later, impacted partially by the vertical pattern of plain message show. Proposals by the Personal Information Management Services (PIMS) for the Consent management based on six plain language classes that limit disarray, have additionally been supplementing the ubiquity of the pattern, in this way affecting development of the Consent the executives market. 

The presentation of new guidelines, like the GDPR, alongside the rising customer concerns in regards to information protection, is compelling associations to put resources into more formal inside structures with the end goal of successful Consent the executives. There has been a huge development in the necessity for proficient accounting and individual advanced information stockpiling gear among associations, in a bid to upgrade their Consent the executive’s contributions. 

To Get a Sample Copy of the Report visit @  https://www.futuremarketinsights.com/reports/sample/rep-gb-2182  

The information protection guidelines in the Consent management market have driven associations to select devoted individual information security officials, Consent the executives cycles, and records. With effective information stockpiling hardware and Consent management stages set up, an association acquires the capacities to show an improved on grievance way to deal with Consent the executives controllers, repudiate or move information record upon solicitation, and answer shopper demands for data. 

Consent Management Demand Rises among Website Developers to Meet Data Management Requirements 

The worldwide Consent management market is probably going to observe an all out gradual chance of over US$ 1,000 Mn between the period 2018 and 2028. Consent management stages empower sites to meet different information the executives prerequisites, which incorporate those suggested by the EU and other administrative bodies for Consent assortment. 

Site designers are continually taking endeavors to incorporate Consent management stage, to understand the specialized capacity to refresh guests about the idea of individual information required, and request their Consent with respect to every information handling reason. Cloud arrangements and specialist organizations proceed to assuming an essential part in the advancing innovative turns of events, as an ever increasing number of endeavors embrace cloud administrations with persistent updates in the cloud-based information stockpiling arrangements, or programming as-a-administration (SaaS). 

Vital participants working in the Consent the executives market, as profiled in the review, incorporate CYBOT, Rakuten Marketing, PactSafe, Silktide, Trunomi, Quantcast, HIPAAT, CIVIC, ConsentEye, and OneTrust. 

Consent Management Market – Key Research Findings: 

GlobalConsent managementmarket surrounded incomes worth US$ 700 Mn in 2017. 

TheConsentthe executives market is relied upon to develop at a CAGR of more than 9.0% through 2028. 

Requirements forConsentassortment ordered by key guidelines like the General Data Protection Regulation (GDPR), EU ePrivacy, US/EU Privacy Shield, General Data Protection Law, and Protection of Personal Information Act (PoPI), keep on affecting development of the Consent the executives market. 

Absence of all inclusive direction models for proficientConsent managementhas driven organizations follow “inferred Consent the executives” standards, where people have no unmistakable thought regarding what or how much private data has been traded. 

Contact Sales for Further Assistance in Purchasing This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-2182

Key Segment

Based on component:

software

services

Based on services :

professional services

manages services

Based on deployment types:

on-premise deployments

cloud-based deployments

Based on end-use:

retail & e-commerce

government

technology

financial services

healthcare

higher education

other end-use industries

Request Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2182

[priyakadam137-blog]

Know the Future Opportunities of Consent Management Software Market and its detail analysis by Focusing Top Companies like  OneTrust, Nymity, TrustArc, Consent Systems Ltd, IBM, etc.

The research study, titled “Global Consent Management Software market Research Report 2019,” evaluates the historical performance and the current status of this market for a detailed understanding, emphasizing especially on the dynamics of the demand and supply of Consent Management Software in 2024. This report presents a detailed study of the global market for Consent Management Software by evaluating the growth drivers, restraining factors, and opportunities at length. The examination of the prominent trends, driving forces, and the challenges assist the market participants and stakeholders to understand the issues they will have to face while operating in the worldwide market for Consent Management Software in the long run. Request for Sample Report Here @ https://www.acquiremarketresearch.com/sample-request/14694/ The research study further offers a study of the existing status of the key regional markets for Consent Management Software, namely, China, North America, Eastern Europe, Western Europe, Japan, the Middle East and Africa, and the Rest of Asia, on the basis of a number of significant Consent Management Software market parameters, such as, the production volume, pricing of the product, production capacity, sales, demand and supply dynamics, revenue, and the rate of growth of this Consent Management Software market in each of the regions. Several segments of the worldwide Consent Management Software market have also been discussed in this research report with thorough information, considering their historical and existing performance in the global arena. It further maps the competitive landscape of this Consent Management Software market by evaluating the company profiles of the leading market players, such as  OneTrust, Nymity, TrustArc, Consent Systems Ltd, IBM, HIPAAT International, Quantcast, Trunomi, PactSafe, Rakuten Affiliate Network On the basis of the product, the market has been classified into: Cloud-based, On-premise Based on the application, the market has been categorized into:  BFSI, IT and Telecom, Government, Healthcare, Higher Education, Retail and E-commerce, Others For More Information On This Report, Please Visit @ https://www.acquiremarketresearch.com/industry-reports/consent-management-software-market/14694/ The report covers the market study and projection of "Consent Management Software Market" on a territorial along with worldwide point . The report establishes subjective and quantitative valuation by industry examiners, direct information, help from industry specialists alongside their latest verbatim and every industry producers through the market value chain. The examination specialists have also evaluated the by and large sales and income creation of this specific market. Moreover, this report additionally conveys broad examination of basic market drift, many key essentials while overseeing macro-economic indicators, combined with market enhancements according to each section. The growth trajectory of each of the segments has been provided in this study, in global terms and in each of the regional markets, creating a descriptive analysis of the overall Consent Management Software market. This research study has also discussed the current and the upcoming ventures in the worldwide market for Consent Management Software at length, making it of special value for companies, consultants, and other stakeholders functioning in this Consent Management Software market.

[futuremarketinsightsreports]

Consent Management Market to Witness Contraction, as Uncertainty Looms Following Global Coronavirus Outbreak

VALLEY COTTAGE, N.Y. – With having published myriads of reports for global clients, Future Market Insights exhibits its expertise in the market research field. Our dedicated crew of professionals rides the wave of advanced technologies, such as artificial intelligence, and big data analytics, to project the adoption pattern and consumption trends regarding the market. A three-step quality check process - data collection, triangulation, and validation – is paramount while assuring the authenticity of the information captured.

Global Consent Management Market Report

The latest business intelligence study by FMI suggests that the global market size of keyword reached US$ xx Mn/Bn in 2018(Base Year) and is anticipated to register US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% from 2019 to 2029(Forecast period).The research study focuses on the drivers, restraints, opportunities and trends impacting the Consent Management Market.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2182

All the relevant vendors running in the Consent Management Market are examined based on market share and product footprint. Key players OneTrust, ConsentEye, CIVIC, HIPAAT, Quantcast, Trunomi, Silktide, PactSafe, Rakuten Marketing, and CYBOT. The data associated with each market player includes:

·         Company Profile

·         Main Business Information

·         SWOT Analysis

·         Sales, Revenue, Price and Gross Margin

Purchase reports by today to avail discount offer!!!

Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep-gb-9667

Component Assessment:

·         Software

·         Services

Request Methodology of this Report@ https://www.futuremarketinsights.com/askus/rep-gb-10602

Deployment type Assessment:

·         On-premise

·         Cloud-based

Regional Analysis

·         North America

·         Latin America

·         Europe

·         South Asia

·         East Asia

·         Oceania

·         MEA (Middle East & Africa)

Get Full Access of the Report @ https://www.futuremarketinsights.com/checkout/2182

What does the Consent Management Market research holds for the readers?

·         Market segmentation assessment, including qualitative and quantitative research depicting the impact of economic and non-economic factors.

·         Breakdown of each Consent Management Market player as per mergers & acquisitions, R&D projects, and product launches.

·         Leading regions holding significant share in the global Consent Management Market along with the key countries.

·         One to one company profile of prominent stakeholders.

·         Critical study of each keyword manufacturer, such as market share, regional footprint, and product innovations.

The Consent Management Market research clears away the following queries:

1.      Why region holds the largest share in the Consent Management Market over the forecast period?

2.      Why are stakeholders shifting away from conventional methods for manufacturing keyword?

3.      In which year, the global Consent Management Market has the lowest Y-o-Y growth rate?

4.      At what rate has the global Consent Management Market been growing throughout the historic period 2014-2018?

5.      By end use segment, which segment currently leads the global Consent Management Market.

More from Electronics, Semiconductors, and ICT Market Insights –

·         Unified Communication as a Service (UCaaS) Market

·         Video Streaming Software Market

·         Smart Factory Market

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us

Mr. Abhishek Budholiya Future Market Insights 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44-(0)-20-7692-8790  Sales: sales@futuremarketinsights.com   Press Office: Press@futuremarketinsights.com   Blog: Market Research Blog   Website: https://www.futuremarketinsights.com/

[marketinsightsstuff]

Consent Management Market to Grow at CAGR of 9.0% through 2028

Analysts at Future Market Insights find that the global Consent Management market has been evolving at a CAGR of xx% during the historic period 2013-2017. The market study suggests that the global market size of Consent Management is projected to reach ~US$ xx Mn/Bn by the end of 2028 with a CAGR of xx% over the stipulated timeframe 2018-2028.

The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the Consent Management market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.

The Consent Management market research demonstrates the current and future market share of each region along with the important countries in respective region. Key regions include:

·        North America

·        Latin America

·        Europe

·        South Asia

·        East Asia

·        Oceania

·        Middle East and Africa

Purchase reports by today to avail discount offer!!!

Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep-gb-2182

Segmentation Analysis on the basis of:

Component type

·        Software

·        Services

End use

·        Retail and E-commerce

·        Government

·        Technology

·        Financial Services

·        Healthcare

·        Higher Education

Market Players

·        Consent Systems Ltd

·        CIVIC

·        HIPAAT International Inc.

·        Quantcast

·        Trunomi

·        Silktide Ltd.

·        PactSafe, Inc.

Get Full Access of the Report @ https://www.futuremarketinsights.com/reports/consent-management-market/table-of-content

What does the Consent Management market research holds for the readers?

·        One by one company profile of key vendors.

·        Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Consent Management market.

·        Evaluation of supply-demand ratio in every end use industry.

·        Regional analysis on the basis of market share, growth outlook, and key countries.

·        Positive and negative aspects associated with the consumption of Consent Management.

The Consent Management market research clears away the following queries:

1.     What is the present and future outlook of the global Consent Management market on the basis of region?

2.     What tactics are the Consent Management market vendors implementing to give tough competition to their business counterparts?

3.     What are the macro- and microeconomic factors affecting the global Consent Management market?

4.     Which end use segment is spectated to lead by the end of 2029?

5.     Why region has the highest consumption of Consent Management?

Reasons to choose Future Market Insights:

Future Market Insights is equipped with highly-experienced professionals that perform a comprehensive primary and secondary research to provide minute details regarding the market. We publish myriads of reports for global clients irrespective of the time zone. Our reports are a result of digitally-driven market solutions that provide unique and actionable insights to the clients.

[bestreports]

Global Consent Management Market Overview with Qualitative Analysis, Competitive Landscape & Forecast 2023

AUG 21, 2019: Consent management is a system, process or set of policies for allowing consumers and patients to determine what health information they are willing to permit their various care providers to access. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Consent Management Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/global-consent-management-market-research-report-2019-2023/request-sample

In this report, the global Consent Management market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

To Browse Full Research Report @: https://www.radiantinsights.com/research/global-consent-management-market-research-report-2019-2023

The report firstly introduced the Consent Management basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

·         Rakuten Marketing

·         HIPAAT

·         Quantcast

·         Civic

·         PactSafe

·         TrustArc Inc

·         Crownpeak Technology

·         OneTrust

·         ConsentEye

·         Trunomi

·         Silktide

·         CYBOT

·         Piwik PRO

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

·         On-Premises

·         Cloud

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Consent Management for each application, including-

·         Retail

·         Government

·         IT & Telecom

·         BFSI

·         Healthcare

·         Education

·         Media & Entertainment

Table of Contents

 Part I Consent Management Industry Overview

Chapter One Consent Management Industry Overview

1.1 Consent Management Definition

1.2 Consent Management Classification Analysis

1.2.1 Consent Management Main Classification Analysis

1.2.2 Consent Management Main Classification Share Analysis

1.3 Consent Management Application Analysis

1.3.1 Consent Management Main Application Analysis

1.3.2 Consent Management Main Application Share Analysis

1.4 Consent Management Industry Chain Structure Analysis

1.5 Consent Management Industry Development Overview

1.5.1 Consent Management Product History Development Overview

1.5.1 Consent Management Product Market Development Overview

1.6 Consent Management Global Market Comparison Analysis

1.6.1 Consent Management Global Import Market Analysis

Continued…

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About Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:

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State: California

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[batsonalisharma-blog]

Consent management Market: Industry Trends and Developments 2018-2028

According to a recent study of Future Market Insights (FMI), the consent management market is expected to witness a promising growth in the near future, influenced in part by the upward trend of plain text presentation. Recommendations by the Personal Information Management Services (PIMS) for the consent management on the basis of six plain language categories that minimise confusion, have further been complementing the popularity of the trend, thereby impacting growth of the consent management market.

The introduction of new regulations, such as the GDPR, along with the rising consumer concerns regarding data privacy, is forcing organizations to invest in more formal internal structures for the purpose of effective consent management. There has been a significant growth in the requirement for efficient book keeping and personal digital data storage equipment among organizations, in a bid to enhance their consent management offerings.

The data privacy regulations in the consent management market have led organizations to appoint dedicated personal data privacy officers, consent management processes, and records. With efficient data storage equipment and consent management platforms in place, an organization gains the abilities to demonstrate a simplified complaint approach to consent management regulators, revoke or transfer data record upon request, and answer consumer requests for information.

Download Competitive Matrix of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2182

Consent Management Demand Rises among Website Developers to Meet Data Management Requirements

The global consent management market is likely to witness a total incremental opportunity of over US$ 1,000 Mn between the period 2018 and 2028. Consent management platforms enable websites to meet various data management requirements, which include those recommended by the EU and other regulatory bodies for consent collection.

Website developers are constantly taking efforts to integrate consent management platform, to realize the technical ability to update visitors about the nature of personal data required, and ask for their consent regarding each data-processing purpose. Cloud solutions and service providers continue to playing a vital role in the evolving technological developments, as more and more enterprises adopt cloud services with continuous upgrades in the cloud-based data storage solutions, or software-as-a-service (SaaS).

The consent management market is expected to witness potential growth opportunities as cloud service providers continue to offer cost-effective solutions to expand their customer base. Cloud solutions and service providers are also estimated to assist consent management platform vendors to expand their businesses across regional markets, thereby eliminating the requirement of modifying the physical product distribution channel.

Advancements in enterprise management systems have revolutionized several industry verticals in various developed as well as developing regions. To keep up with the growing demand for efficient enterprise management systems in South Asia, East Asia, and MEA regions, several consent management platform providers have started investing heavily in these latent growth potential markets.

The established as well as growing consent management platform providers are shifting their focus toward expanding their consent management businesses and increase their share in the global consent management market. The study states that Asia-Pacific continues to hold lucrative opportunities for leading as well as the emerging players in the consent management market, in line with the increasing technological vigour of developing economies in the region.

Download Executive Summary of Report @ https://www.futuremarketinsights.com/askus/rep-gb-2182

Varying strict data privacy regulations across regions have influenced the dynamics of the consent management market. In line with the continuous updates made in the data privacy regulatory standards, consent management providers are required to comply with the data governance policies and other standards. This has further helped the consent management market players to ensure the customer data sharing consent, regional data storage, and other consumer data privacy mandates.

Key players operating in the consent management market, as profiled in the study, include CYBOT, Rakuten Marketing, PactSafe, Silktide, Trunomi, Quantcast, HIPAAT, CIVIC, ConsentEye, and OneTrust.

[futuremarketinsightsreports]

Consent Management Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies

VALLEY COTTAGE, N.Y. – With having published myriads of reports for global clients, Future Market Insights exhibits its expertise in the market research field. Our dedicated crew of professionals rides the wave of advanced technologies, such as artificial intelligence, and big data analytics, to project the adoption pattern and consumption trends regarding the market. A three-step quality check process - data collection, triangulation, and validation – is paramount while assuring the authenticity of the information captured.

Global Consent Management Market Report

The latest business intelligence study by FMI suggests that the global market size of keyword reached US$ xx Mn/Bn in 2018(Base Year) and is anticipated to register US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% from 2019 to 2029(Forecast period).The research study focuses on the drivers, restraints, opportunities and trends impacting the Consent Management Market.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2182

All the relevant vendors running in the Consent Management Market are examined based on market share and product footprint. Key players OneTrust, ConsentEye, CIVIC, HIPAAT, Quantcast, Trunomi, Silktide, PactSafe, Rakuten Marketing, and CYBOT. The data associated with each market player includes:

·         Company Profile

·         Main Business Information

·         SWOT Analysis

·         Sales, Revenue, Price and Gross Margin

Purchase reports by today to avail discount offer!!!

Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep-gb-9667

Component Assessment:

·         Software

·         Services

Request Methodology of this Report@ https://www.futuremarketinsights.com/askus/rep-gb-10602

Deployment type Assessment:

·         On-premise

·         Cloud-based

Regional Analysis

·         North America

·         Latin America

·         Europe

·         South Asia

·         East Asia

·         Oceania

·         MEA (Middle East & Africa)

Get Full Access of the Report @ https://www.futuremarketinsights.com/checkout/2182

What does the Consent Management Market research holds for the readers?

·         Market segmentation assessment, including qualitative and quantitative research depicting the impact of economic and non-economic factors.

·         Breakdown of each Consent Management Market player as per mergers & acquisitions, R&D projects, and product launches.

·         Leading regions holding significant share in the global Consent Management Market along with the key countries.

·         One to one company profile of prominent stakeholders.

·         Critical study of each keyword manufacturer, such as market share, regional footprint, and product innovations.

The Consent Management Market research clears away the following queries:

1.      Why region holds the largest share in the Consent Management Market over the forecast period?

2.      Why are stakeholders shifting away from conventional methods for manufacturing keyword?

3.      In which year, the global Consent Management Market has the lowest Y-o-Y growth rate?

4.      At what rate has the global Consent Management Market been growing throughout the historic period 2014-2018?

5.      By end use segment, which segment currently leads the global Consent Management Market.

More from Electronics, Semiconductors, and ICT Market Insights –

·         Unified Communication as a Service (UCaaS) Market

·         Video Streaming Software Market

·         Smart Factory Market

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us

Mr. Abhishek Budholiya Future Market Insights 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44-(0)-20-7692-8790  Sales: sales@futuremarketinsights.com   Press Office: Press@futuremarketinsights.com   Blog: Market Research Blog   Website: https://www.futuremarketinsights.com/

[futuremarketinsightsreports]

Consent management Market will reach at a CAGR of 9% from 2018 to 2028

According to a recent study of Future Market Insights (FMI), the consent management market is expected to witness a promising growth in the near future, influenced in part by the upward trend of plain text presentation. Recommendations by the Personal Information Management Services (PIMS) for the consent management on the basis of six plain language categories that minimise confusion, have further been complementing the popularity of the trend, thereby impacting growth of the consent management market.

The introduction of new regulations, such as the GDPR, along with the rising consumer concerns regarding data privacy, is forcing organizations to invest in more formal internal structures for the purpose of effective consent management. There has been a significant growth in the requirement for efficient book keeping and personal digital data storage equipment among organizations, in a bid to enhance their consent management offerings.

Request For Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2182

The data privacy regulations in the consent management market have led organizations to appoint dedicated personal data privacy officers, consent management processes, and records. With efficient data storage equipment and consent management platforms in place, an organization gains the abilities to demonstrate a simplified complaint approach to consent management regulators, revoke or transfer data record upon request, and answer consumer requests for information.

Consent Management Demand Rises among Website Developers to Meet Data Management Requirements

The global consent management market is likely to witness a total incremental opportunity of over US$ 1,000 Mn between the period 2018 and 2028. Consent management platforms enable websites to meet various data management requirements, which include those recommended by the EU and other regulatory bodies for consent collection.

Website developers are constantly taking efforts to integrate consent management platform, to realize the technical ability to update visitors about the nature of personal data required, and ask for their consent regarding each data-processing purpose. Cloud solutions and service providers continue to playing a vital role in the evolving technological developments, as more and more enterprises adopt cloud services with continuous upgrades in the cloud-based data storage solutions, or software-as-a-service (SaaS).

The consent management market is expected to witness potential growth opportunities as cloud service providers continue to offer cost-effective solutions to expand their customer base. Cloud solutions and service providers are also estimated to assist consent management platform vendors to expand their businesses across regional markets, thereby eliminating the requirement of modifying the physical product distribution channel.

Advancements in enterprise management systems have revolutionized several industry verticals in various developed as well as developing regions. To keep up with the growing demand for efficient enterprise management systems in South Asia, East Asia, and MEA regions, several consent management platform providers have started investing heavily in these latent growth potential markets.

The established as well as growing consent management platform providers are shifting their focus toward expanding their consent management businesses and increase their share in the global consent management market. The study states that Asia-Pacific continues to hold lucrative opportunities for leading as well as the emerging players in the consent management market, in line with the increasing technological vigour of developing economies in the region.

Varying strict data privacy regulations across regions have influenced the dynamics of the consent management market. In line with the continuous updates made in the data privacy regulatory standards, consent management providers are required to comply with the data governance policies and other standards. This has further helped the consent management market players to ensure the customer data sharing consent, regional data storage, and other consumer data privacy mandates.

Request For Report Table of Content (TOC):https://www.futuremarketinsights.com/askus/rep-gb-2182

Key players operating in the consent management market, as profiled in the study, include CYBOT, Rakuten Marketing, PactSafe, Silktide, Trunomi, Quantcast, HIPAAT, CIVIC, ConsentEye, and OneTrust.

[kennethmjoyner]

The 20 Most Important Legal Technology Developments of 2018

What a whirlwind of a year it has been for legal technology. Barely a week into 2018, industry-changing news broke of Avvo’s sale to Internet Brands. Legal tech news has been nonstop ever since – so much that it’s a struggle to keep up with it all.

For several years now, I’ve closed out the year with a round-up of the 10 most important legal developments (2016, 2015, 2014, 2013). Last year, I bypassed the top 10 to focus on a single overarching development, The Year of Women in Legal Tech.

This year, a top-10 list won’t suffice. So much of significance has happened that I can’t sum it all up in just 10 points. Instead, I’m doubling the list to offer my top 20 picks for the year’s most important legal technology developments.

As in past years, the order in which I list these is not meant to be a ranking by importance. They are all important, each in their own way.

1. Analytics become essential.

If you were to judge the year’s most important legal technology by looking at conference agendas and media coverage, you’d probably say it was the continuing development of artificial intelligence. But if you judge the most important technology by its direct impact on the practice of law, then it would have to be analytics. As I suggested in a recent column, we could be nearing the point where it would be malpractice for a lawyer not to use analytics.

At the center of the analytics story this year has been LexisNexis. Following its acquisitions of Lex Machina in 2015 and Ravel Law, it has been steadily working to build on the foundations established by those products and integrate them into its legal research platform Lexis Advance. It has steadily expanded the practice areas covered by Lex Machina’s analytics, and from Ravel it added both visual search results and the unique Context analytics that examine the language of judges’ opinions. The defining moment for LexisNexis this year came in July, when it put a stake in the ground to claim the analytics space.

But LexisNexis was by no means the only legal analytics story this year. Thomson Reuters also put down its claim with the launch of its next-generation research platform Westlaw Edge, which for the first time brought detailed docket analytics to the Westlaw research platform. Elsewhere in the legal world, Fastcase released its Analytics Workbench, which it said would allow legal professionals to build their own bespoke litigation analytics, and judicial analytics company Gavelytics got new funding and expanded the scope of its coverage.

Related:

LawNext Episode 7: Data-Driven Lawyering with LexisNexis Legal VP Jeff Pfeifer.

LawNext Episode 12: Judging Judges – How Gavelytics’ Judicial Analytics are Reshaping Litigation.

2. Legal tech goes global.

Legal tech has long been provincial in its perspective. Here in the U.S., we’ve tended to focus on what was happening here in the U.S., ignoring and therefore ignorant of legal tech developments elsewhere in the world. But this year, that changed dramatically. The world of legal tech got flatter. That was largely thanks to the Global Legal Hackathon.

This audacious effort by organizers who had never before run even a local hackathon turned out to be a huge success. They rallied participation by 600-1,000 teams in 40 cities and 22 countries around the world. During the hackathon, they dispatched Dera Nevin as their own “global ambassador for legal technology,” who visited 19 destinations in 15 countries on six continents over 40 days to meet with hackers and entrepreneurs. The ultimate winners came from locations as diverse as Budapest, Hong Kong, Denver and New York.

And it showed us that we are not provincial in the problems we seek to address or the solutions we are developing. To a surprisingly large degree, the problems that face the legal and justice systems in any one country are the problems shared by every country. And all over the world, hackers and entrepreneurs and others are working fervently to come up with the tech to solve these problems.

I was fortunate enough this year to see some of this personally. In April, I traveled to Lexpo, one of the leading legal technology conferences in Europe, where I got to speak with lawyers and entrepreneurs from all over Europe. More recently, I was in Moscow for Skolkovo Legal Tech, a leading Russian legal technology conference. Both events reinforced this idea that the problems we face and the solutions we’re developing are largely universal.

Related:

LawNext Episode 6: Dera Nevin’s ‘Round-the-World Tour of Legal Innovation.

LawNext Episode 20: Live from Moscow: Two Interviews on the State of Legal Tech in Russia.

3. Legal research gets smarter and more comprehensive.

Given that it started off with a “robot fight” between two AI-driven legal research products, you knew 2018 was going to be a momentous – and even pugilistic – year for legal research. Not only did research get smarter, thanks to a whole new generation of tools powered by AI and natural language processing, but it also got more expansive, thanks to a momentous project that put all U.S. case law online.

On the pugilism front, it was a year in which legal research platforms introduced product after product designed to make their research platforms “smarter” and to further separate them from their competitors. That started with ROSS Intelligence’s introduction of EVA, a brief-analysis tool similar in concept to the previously released CARA from Casetext and Clerk from Judicata. That led to the aforementioned robot fight, which I broadcast on Facebook Live, and to a string of similar products introduced throughout the year, including Vincent from vLex, Attorney IO, and CaseIQ from Casemine, as well as to major updates to the product that started it all.

Beyond brief analysis, this was the year in which Thomson Reuters introduced Westlaw Edge, the next generation of its industry-leading legal research platform, that LexisNexis put a “stake in the ground” to claim the legal analytics space with its Lexis Analytics, and that the American Association of Law Libraries selected Bloomberg Law’s AI-powered Points of Law as new product of the year.

In this increasingly competitive market, the gloves came off in September when Casetext released a study comparing its CARA against Lexis Advance and concluding that attorneys who used its product finished their research significantly more quickly and found more relevant cases. Lexis cried foul, criticizing the study as biased and tainted by flawed methodology.

And even as Casetext and Lexis sparred, Fastcase and Casemaker continued their longstanding competition for the bar-affiliation market. In court, Fastcase won a key victory in an ongoing legal battle with Casemaker over copyright in Georgia administrative regulations. In the market, Fastcase scored a deal to become the legal research member benefit for the 60,000-member California Lawyers Association.

Then, in October, news came that brought uniform acclaim across the legal research field. Harvard Law’s Caselaw Access Project had completed its project to digitize all U.S. case law, some 6.4 million cases dating all the way back to 1658. As if overnight – although the scanning and digitization took some three years – decades-long visions of full electronic access to case law became a reality.

Related:

In Episode #2 of My New Podcast: A Closer Look at Westlaw Edge with Two of the People Who Developed It.

LawNext Episode 3: Casetext’s Founders on their Quest to Make Legal Research Affordable.

LawNext Episode 10: Dr. Khalid Al-Kofahi, Head of Artificial Intelligence at Thomson Reuters.

LawNext Episode 18: Adam Ziegler on How Harvard Put 360 Years of Caselaw Online.

4. Investment hits $1 billion.

This was a year in which investment in legal tech hit $1 billion. Granted, half of that went to a single company, LegalZoom, and was a secondary investment. Nevertheless, it signals, as I wrote earlier this year at Above the Law, that big investors are no longer snubbing legal tech.

Among some of the notable investments this year:

A reported $100 million to e-discovery company Exterro.

$65 million to Atrium, the combination law firm and legal technology company.

An investment in UnitedLex said to be “one of the largest transactions to date with any legal services provider.”

$50 million to Kira Systems, a Toronto-based developer of machine learning software for contract review and analysis.

$30 million to Seal Software, a developer of AI-powered content discovery and analytics products.

$25 million to Everlaw, and e-discovery and litigation platform.

$25 million to Logikcull, an e-discovery company.

$17.5 million to Eigen Technologies, a London-based AI company.

$13 million to Tessian, a UK startup that uses AI to secure emails and data for law firms and enterprises.

$6 million to Court Buddy, a San Francisco company that matches consumers and small businesses with a-la-carte attorneys.

$12 million to LawGeex, a company whose AI product automates the review and approval of contract.

$5.5 million to PactSafe, a cloud-based contracting platform.

$3.4 million in Clarilis, the UK document-drafting automation platform.

$3.2 million to Gavelytics, a judge-analytics platform.

$1.8 million invested in Australian legal tech startup LawPath by LegalZoom.

$1.5 million in Legaler, the Australian legal technology company.

An investment of an undisclosed amount in PracticePanther, the practice management platform.

Related:

On LawNext: LegalZoom’s GC on the Company’s $500 Million Investment.

5. Acquisitions accumulate.

It was big year for legal tech mergers and acquisitions. Among the notable ones this year:

The acquisition by Fastcase of Docket Alarm, the docket tracking and analytics company.

The merger of two major e-discovery companies, Consilio and Advanced Discovery.

E-discovery company Catalyst’s acquisition of TotalDiscovery, a legal hold and data collection platform.

The acquisition by Mitratech, a provider of legal and compliance software, of ThinkSmart LLC, developer of a workflow automation platform used by many corporations and corporate legal departments.

The acquisition by London-based HighQ of Legal Anywhere, based in Portland, Ore. Both companies specialize in secure, mobile enterprise collaboration and file sharing.

Cloud practice management platform Clio’s acquisition of Lexicata, a client intake and CRM platform.

Another acquisition by Fastcase, this one of Law Street Media, a company that operated a free legal news site.

The acquisition by DMS platform NetDocuments of Closing Room, a deal-management application developed by the Am Law 200 firm Chapman and Cutler.

The acquisition by desktop practice management company Tabs3 Software of CosmoLex, a cloud practice management application.

The acquisition by global law company Elevate of LexPredict, the legal AI technology and consulting firm.

The acquisition by Seal Software, a developer of AI-powered content discovery and analytics products, of Apogee Legal, a provider of advanced contract analytics for enterprises.

Related:

LawNext Episode 15: Lexicata CEO Michael Chasin on His Company’s Acquisition by Clio.

6. Practice management market corrects.

This year marked the 10th anniversary of the two original cloud-based practice management products, Clio and Rocket Matter. Their launch in 2008 and subsequent success set off a frenzy of imitators and emulators. Over the decade, many new practice management products came along, but only one shut down, LexisNexis Firm Manager in 2017.

This year, it seemed that we saw the beginning of a correction – or perhaps more accurately a maturation and stabilization – of this market. Signs of this seemed to converge in a sort of perfect storm in October, when in the span of a week:

One of the oldest practice management companies, Tabs3 Software, acquired one of the new cloud-based platforms, CosmoLex.

PracticePanther, believed to be among the top companies in this space in terms of market share, brought in a new CEO to replace the founder, after taking a large private-equity investment earlier in the year.

Clio kicked off its Clio Cloud Conference, which has become a major industry event, with the news that it had made its first acquisition, purchasing Lexicata, the cloud-based CRM platform.

Those events were followed by news in November that Needles, a company that provides case-management software for plaintiff-focused law firms, had named a new leader to take charge of its brand and oversee the launch of its cloud version.

7. Ethics reform sticks its nose under the tent.

The legal ethics world felt a tremor this summer when the board of trustees of the State Bar of California voted to appoint a task force to study and make recommendations on whether those who are not licensed as lawyers – including private companies – should be allowed to participate in ownership of law firms and legal services providers.

What spurred the bar to take this action was the Legal Market Landscape Report it commissioned from William D. Henderson, professor at Indiana University Maurer School of Law. In his report, Henderson made the case that the legal profession is failing in its core mission of serving those who need legal services. One of the most effective ways to address that, he argued, would be to ease rules on non-lawyer investment in order to allow lawyers to more closely collaborate with professionals from other disciplines, such as technology, process design, data analytics, accounting, marketing and finance.

But that was not the only tremor. In June, the Illinois Attorney Registration and Disciplinary Commission – the very body that oversees attorney discipline in that state – published a report chiding the legal profession for its resistance to change and calling for Illinois to loosen its professional conduct rules to allow attorneys to participate in for-profit referral services such as the now-shuttered Avvo Legal Services.

Then came news that a second state, Utah, would license non-lawyers to practice law in limited circumstances, similar to the limited license legal technician (LLLT) program pioneered by Washington state.

For years, calls for ethics reform have seemed quixotic, tilting at an entrenched and protectionist legal establishment that showed little interest in changing the rules. But an ever-worsening access-to-justice crisis is forcing the profession’s hand. This year was a turning point. The tremors were signals of greater shake-ups to come.

Related:

LawNext Episode 9: Bill Henderson on Changing the Non-Lawyer Ownership Rules.

Podcast: Interview with Author of Illinois Report Calling for Loosening Rules on Lawyer-Client Matching Services.

8. The end of Avvo.

We were just a couple of days into 2018 when Internet Brands announced it was acquiring Avvo. It is an exaggeration to say that was the end of Avvo, because Avvo still exists as a business unit. But it marked so significant a turning point for the often-controversial company that it may as well have been its end. A few months later, Avvo’s visionary founder Mark Britton left the company, then Internet Brands shut down the pioneering Avvo Legal Services, and then, as perhaps the final blog, came the rebranding of Avvo as the Martindale Avvo legal group.

Ironically, all this happened just as some professional regulators were calling for the legal profession to loosen its restrictions on lawyers’ participation in for-profit referral services such as Avvo Legal Services. Yet, even as Avvo shut down its legal help service, a new, similar service was launched, no doubt signaling other such services still to come.

Related:

LawNext Episode 11: Avvo Founder Mark Britton on Why He Started The Company, Why He Sold It, and Why He Left.

9. The cloud no longer looms ominous.

As I noted above, 2018 marked the 10th anniversaries of the launches of Clio and Rocket Matter. This year, we saw signs that the practice-management market is maturing and stabilizing. But we also saw something else this year – the legal profession’s general acceptance of the cloud as something to embrace, not fear.

Some among you might argue that we’d already reached that point. Perhaps we had. But I believe the maturing of the practice management market is evidence of the maturing of our perspective on cloud computing more generally. Until recently, many in the legal professional still harbored doubt and even fear about the viability and safety of the cloud. Now, cloud-based systems have come to dominate and define legal technology.

This is not just in the area of practice management, but across legal technologies. Consider the news earlier this year that Hogan Lovells, one of the five largest law firms in the world, had moved to cloud-based NetDocuments as its document management platform. For that matter, just look at NetDocuments. As its cofounder Alvin Tedjamulia told me in a LawNext episode in November, the company long faced an uphill struggle to convince lawyers to move to the cloud before becoming, in just the last few years, one of the leading DMS systems in legal. Companies that long specialized in on-premises products, such as iManage and Relativity, are now emphasizing their cloud versions.

10. Law gets liberated.

Remarkably, the question has persisted: Can states or anyone else own copyright in public laws? This year, three separate opinions came down on the side of public access:

In July, the D.C. Circuit Court of Appeals ruled that the fair use doctrine may prohibit industry groups from controlling publication of technical standards that have been incorporated by reference into law, allowing publication of them online by Resource.org and its founder Carl Malamud. Here is the decision.

In October, in another case brought by Public.Resource.org, the 11thS. Circuit Court of Appeals ruled that the annotated version of the Official Code of Georgia is a public record and cannot by copyrighted.

In October, the 11th Circuit ruled for Fastcase in its lawsuit against Casemaker over the latter’s claims of copyright in George administrative regulations.

11. Tech competence gets real.

In 2012, something happened that I called a sea change in the legal profession: The American Bar Association formally approved a change to the Model Rules of Professional Conduct to make clear that lawyers have a duty to be competent not only in the law and its practice, but also in technology. In the years since, I’ve been tracking states’ gradual adoption of this duty. This year, the number of states reached 35.

On top of that, a second state has now made it mandatory for lawyers to receiving continuing education in technology. Beginning in 2019, all lawyers in North Carolina will be required to complete one hour per year of CLE devoted to technology training. The state joins Florida in mandating CLE, after it became the first state to do so in 2016.

12. AI gets an MBA.

Every one of my year-end round-ups has given a nod to the growth of artificial intelligence in the legal field. In 2013, I said that lawyers were finally realizing that AI could be an ally, not an enemy. In 2014, I said that AI was finally becoming accepted as essential and commonplace. In 2015, I noted that AI had become mainstream in e-discovery and moved into legal research. In 2016, I said that the legal industry had finally gotten smart about AI, with its use growing by leaps and bounds.

Well, if that was the year the industry got smart about AI, this was the year AI got smart about the industry, so to speak. This once-fledgling technology is now among the most dominant technology businesses in legal. Just look at where the investment money is going and the size of that investment money. Of $1 billion invested in legal technology this year, $362 million went to companies whose products use AI, according to LawGeex.

13. Startups continue to proliferate.

The proliferation of startups continues to be a major trend in legal technology. Four years ago, I wrote that we were in a time of unprecedented innovation in legal technology. In the years since then, the numbers of legal tech startups has snowballed (as I track at this page). And, as noted earlier in this post, that proliferation of startups as gone global, with new legal tech companies emerging in countries throughout the world.

But it’s not all good news. As I reported last May, a study conducted by Kristen Sonday, cofounder and COO of legaltech startup Paladin, a pro bono management platform, found that women and people of color are significantly underrepresented among legal tech founders, accounting for just 13.6 percent and 26.5 percent respectively. Black and Latinx founders account for a staggeringly low proportion of legal tech entrepreneurs, the study found, at just 2.3 percent and 3.1 percent respectively.

14. Legal podcasts multiply.

Who knew 2018 would be the year that legal podcasts started replicating like rabbits? For those of us who chose to launch a new podcast this year, that meant that much more competition for lawyers’ ears. But for legal professionals who enjoy listening to podcasts, the pickings are abundant.

Midway through the year, I rounded up some of these new podcasts in a post at Above the Law, eliciting so many suggestions of others that I soon followed up with a supplemental post. I’ve got a folder full of even more that have been launched, which I plan to highlight in an upcoming post. Also this year, the ABA Journal devoted part of its Web 100 to the best law podcasts.

For me, it was a transition year, podcast wise. As I signed off the podcast I’d done for 13 years, my longtime cohost J. Craig Williams and I recorded an episode on what we’d learned about podcasting. Then I introduced my new podcast LawNext, kicking off the first episode with Nicole Bradick, CEO of Theory and Principle, the technology design and development company she founded as 2018 began.

15. Legal tech gets platformized.

The CRM company Salesforce is generally lauded for a strategic decision it made early on. Realizing that it could not give its customers all the technology they would need for their businesses, it turned its product from an application to a platform, launching its AppExchange and opening its platform up to third-party developers to add their products. The result is a rich ecosystem in which companies can do much more than simple CRM.

Increasingly in the legal market, companies are emulating this strategy. Perhaps the most-recognized example of this is Clio, which announced in 2017 a goal of moving not just practice management to the cloud, but law practice in all its facets, with its platform serving as the hub of a law practice ecosystem through integrations with a variety of partners. This year, it took that strategy even farther, making its first acquisition of an integration partner, staging a $100,000 competition for the best new integration partner, and announcing plans to launch its own incubator.

Both iManage and NetDocuments, two of the leading DMS systems for the legal industry, are also moving towards becoming platforms to support broader ecosystems. iManage is doing this more through acquisitions, such as of risk management software Elegrity in September and of AI platform RAVN last year, whereas NetDocuments has developed a very Salesforce-like app directory that currently lists 83 integration partners, while also making acquisitions.

Related:

LawNext Episode 19: NetDocuments CTO Alvin Tedjamulia on Helping Lawyers Learn to Love the Cloud.

16. Blockchain builds buzz.

August marked the first anniversary of the formation of the Global Legal Blockchain Consortium, an organization created to drive the adoption and standardization of blockchain in the legal industry. In that time, the GLBC has grown to have 125 organizations from 20 countries as members and is the third-largest blockchain consortia in the world in any industry, with major law firms and legal companies as members.

Even so, as 2018 dawned, many still wondered about blockchain’s applicability within law. One preview was provided by a proof of concept developed by ServeManager and Integra Ledger that showed how it could be used as a means of verification of service of process. Later, Integra Ledger unveiled applications to enable blockchain-based email encryption and blockchain-based version control for Microsoft Word documents.

In other news, Kleros was using the Ethereum blockchain to develop online dispute resolution for virtually any product or service, Legaler raised $1.5 million to help build a proprietary blockchain aimed at bridging the global gap in access to justice, and an international group of law firms and legal technology companies joined forces to help launch a public, permissioned, blockchain-based, smart-contract management system, the Agreements Network.

Meanwhile, the GLBC has unveiled a number of initiatives intended to promote the further use and adoption of blockchain in law, including a series of non-technical guides and a “Blockchain 101” course.

Related:

LawNext Episode 21: Blockchain, Smart Contracts and the Future of Law, with Casey Kuhlman of Monax.

17. C-suites see shake-ups.

Changes at the top became a recurring motif this year. It started in February when, just days after the wrap of the Legalweek/Legaltech conference in New York, ALM ousted the vice president who oversaw it. A few weeks later, ALM named a new executive to lead its global events, Mark Fried.

Another notable shake-up came in June, when Thomson Reuters announced the departure of Susan Taylor Martin as president of its legal business and her replacement by two co-chief operating officers, Brian Peccarelli and Neil Masterson.

The summer brought two more surprising turnovers. First, in July, Bloomberg Law said that its president Scott Mozarsky had left and that Joe Breda, former executive vice president of product, has replaced him. Mozarsky in August became regional managing director, North America, for Vannin Capital.

Then, in August, just days before the start of its annual education conference, the International Legal Technology Association revealed that its CEO Dan Liutikas would be leaving and that it would be launching a search for his replacement. He had been there barely a year, having been named in March 2017 to succeed longtime executive director Randi Mayes.

Other c-suite changes for legal tech companies this year included:

At Casemaker, longtime CEO David Harriman retired. Replacing him were Sarah Gorman as chief operating officer and Dan McCade as chief information officer.

Startup Doxly, a secure portal for managing corporate transactions, named Christopher Clapp as executive chairman. Founder Haley Altman remained CEO.

Law practice management company PracticePanther named Soumya Nettimi as CEO, while cofounder and former CEO David Bitton became chief marketing officer.

Troubled “tech-enabled” law firm UpRightLaw announced a restructuringin which founder and managing partner Kevin Chern would now report to a management committee chaired by Craig Sonnenschein, the firm’s general counsel. The firm also appointed a law school ethics professor to serve as an independent monitor.

In a move that signaled a new strategy for Needles, a company that provides case-management software for plaintiff-focused law firms, its owner TrialWorks LLC named a new leader, David Wagner IV, to take charge of the brand and oversee the launch of its cloud version.

18. ALSPs no longer ‘alternative.’

They have long been called “alternative legal services providers.” But when I once used that phrase to describe the company Elevate Services, its founder and executive chairman Liam Brown wrote me to say, “Elevate has an allergic reaction to being call an LPO and we gently encourage people to describe us as a ‘law company,’ which we think better communicates the more sophisticated capabilities and expertise we offer.”

That sentence well sums up the state of the entities formerly known as LPOs. Because ethics rules prohibit private companies from investing in law firms, we have companies that developed sophisticated an extensive operations that do everything but explicitly deliver legal services. And then they do organizational acrobatics so that they can effectively be in the legal services business as well, such as the Elevate/Elevate Next relationship announced earlier this year, bolstered by its more recent acquisition of LexPredict.

Also this year, we saw news that Atrium — the combination law firm and legal technology company — had raised $65 million, followed soon after by news that enterprise legal services provider (aka LSP) UnitedLex had received a major investment said to be “one of the largest transactions to date with any legal services provider.”

Whatever you call these sorts of entities, this much is clear: It is no longer accurate to call them “alternative.” They are mainstream forces in the global legal services market.

Related:

LawNext Episode 22: Elevate’s Acquisition of LexPredict, with Pratik Patel and Dan Katz.

19. A2J gets a lifeline.

November brought news that could potentially have a significant impact on helping to overcome the barriers we face in the U.S. to bridging the justice gap. The Pew Charitable Trusts, an independent nonprofit with over $6 billion in assets, announced that it will now tackle the use of technology to modernize the civil legal justice system, meet unmet legal needs, and make courts more efficient.

As I wrote at the time on Above the Law, this is significant not only because of Pew’s resources and clout, but also because it has specifically targeted some of the problems that have most stubbornly stood in the way of progress in this area, such as antiquated court proceedings, restrictions on unauthorized practice, and the lack of evidence-based research into what works and what does not.

20. Legal news becomes the news.

At a time when it seems that traditional sources of legal news are reducing their coverage and locking it behind paywalls, this year brought two developments that could signal relief for news-starved legal professionals.

With apologies for what may seem like shameless self promotion, I was proud this year to be part of one of these alternatives. In September, LexBlog formally launched the first phase of a first-of-its-kind global news and commentary network, delivering timely and targeted articles from legal bloggers throughout the world.

The new site unites the universe of legal bloggers within a single platform – no matter where in the world they are located or what topic they cover – and then delivers it all to readers in a variety of formats, including web access, RSS and email. There is no cost to readers to access this content and no cost to bloggers to add their content.

Meanwhile, Fastcase made an initial foray into legal news with its acquisition of Law Street Media, a company that operated a free legal news site, which it intends to retool and relaunch in 2019. Fastcase CEO Ed Walters said his company’s expansion into legal news is consistent with its mission to become as robust a legal research platform as LexisNexis and Westlaw.

What do you think?

What are your thoughts on the year’s most important developments in legal technology. Add your comments below or share with me on Twitter (@bobambrogi).

from Law and Politics https://www.lawsitesblog.com/2018/12/20-important-legal-technology-developments-2018.html via http://www.rssmix.com/

[kennethmjoyner]

Deals and Dollars, Legal Tech Edition

Here is a round-up of recent investment and deal news involving legal technology companies:

Everlaw raises $25 million. Everlaw, a Berkeley, Calif., based e-discovery and litigation platform, has closed a a $25 million Series B funding round, with new investor Menlo Ventures leading the round and continued participation from Andreessen Horowitz. In 2016, the company raised $8.1 million in Series A funding.

In announcing the investment, CEO AJ Shankar said the company has “come a long way” since the Series A round, having expanded its workforce to 70 and its geographic reach to include Australia, the UK and Europe. He said the investment will be used to hire more staff and further develop the company’s technology.

Seal Software acquires Apogee Legal. Just a month after announcing that it had secured a $30 million investment, Seal Software, a developer of AI-powered content discovery and analytics products, announced that it has acquired Apogee Legal, a provider of advanced contract analytics for enterprises. Terms were not revealed.

Apogee and Seal have been business partners since 2015. Apogee’s employees will join Seal and its three cofounders will take on new leadership roles, with Matt Miller now overseeing Seal’s production group and legal solutions team, Steve Harber focusing on building out the Seal legal solutions strategy and the Seal legal partner channel, and Jim Wagner becoming Seal’s chief strategy officer.

PactSafe gets $5.5 million. PactSafe, an Indianapolis cloud-based contracting platform launched in 2015, has completed a $5.5 million Series A funding round. The round was co-led by Mercury Fund and Signal Peak Ventures, along with repeat investors Elevate Ventures and Vulpes Testudo.

PactSafe says it will use the funds to expand its reach further into enterprise SaaS, ecommerce markets and other verticals, while also investing in further development of its contracting software.

LegalZoom invests $1.8 million in LawPath. LawPath, an Australian legal technology startup, says it has finalized a $1.8 million investment round led by LegalZoom, the world’s largest provider of online legal solutions. Like LegalZoom, LawPath leverages technology to provide businesses with affordable legal services.

LawPath plans to use the proceeds to increase sales and marketing efforts in a bid to expand market penetration across Australia and offer its services to all types of businesses. In conjunction with the investment, LegalZoom will provide LawPath with strategic guidance, including technology expertise, marketing insights and assistance with LawPath’s expansion plans across Australia and into international markets.

Clarilis gets £3.1 million. Clarilis, a document-drafting automation platform based in Birmingham, England, has received a £3.1 million investment from NVM Private Equity, a Newcastle investment firm. Founded in 2015, the company’s platform is used by firms in both the UK and the U.S.

“The investment from NVM will help Clarilis to continue on its growth trajectory, with the funding enabling the team to accelerate their strategic initiatives and capitalise on the strong market demand they are experiencing,” NVM said in announcing the deal.

More deals: See my post on Above the Law, $200M In Two Months Says Investors No Longer Snubbing Legal Tech.

from Law and Politics https://www.lawsitesblog.com/2018/07/deals-dollars-legal-tech-edition.html via http://www.rssmix.com/