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In major legal industry news, global law company Elevate announced its acquisition of the legal AI technology and consulting firm LexPredict. The move combines the comprehensive legal services offering of Elevate with the data science team and AI engine of LexPredict. With Elevate's alternative services model and LexPredict's cutting-edge technology, does this acquisition foreshadow the future of legal practice?
In this episode of LawNext, we take a deep dive into the acquisition and what it means for the legal industry. Joining host Bob Ambrogi are two of the deal's principles:
Patel and Katz describe what each of their companies brings to the table, how the two companies align, and why they believe the sum of the two makes both companies even greater.
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Is the traditional form of contracting broken? Are static legal agreements irrelevant in a fast-moving global economy? Casey Kuhlman, CEO of the blockchain and smart contracts company Monax, believes we're on the brink of a paradigm shift in how we form and execute legal agreements.
Kuhlman and Monax are the principal forces behind the launch of the Agreements Network, which he describes as the "legal layer for a networked world." The Agreements Network provides a base blockchain layer and other tools to serve as an ecosystem to create, distribute, and operate legal agreements.
Kuhlman envisions that lawyers will be able to generate new revenue by converting agreements they've created into products that can be sold through these networks. These "archetypes," as Kuhlman calls them, would combine legal text with smart-contract workflows to allow commercial clients to create their own active agreements.
Now based in Scotland, Kuhlman is a U.S.-trained lawyer who went to work in Somaliland in eastern Africa and started a law firm there. His work representing companies in transactional matters helped convince him that there had to be a better way to manage agreements. That led him to launch Monax and the Agreements Network.
Comment on this show: Record a voice comment on your mobile phone and send it to [email protected].
In this special bonus episode of LawNext, we bring you a panel discussion on savvy podcasting for lawyers. Recently, at the 2018 Northeast Regional Conference of the Legal Marketing Association, LawNext host Bob Ambrogi joined a panel of legal marketing and media experts to discuss podcasting for lawyers and law firms. The panelists shared their tips and experiences on starting, producing and promoting legal podcasts.
The panel was moderated by Susan Peters, president of Greybridge PR in New York. In addition to Bob, the other panelists were Angela Robinson, marketing communications manager at the law firm Finnegan Henderson Farabow Garrett & Dunner in Washington, D.C., and Michael Meyer, a New York photographer who specializes in corporate and legal marketing and who has his own podcast, the Legal Marketing Studio.
A special thanks to Michael Meyer for recording the panel and making it available to LawNext.
In this episode of LawNext, we take you live to Russia, where we interview two of the leading experts on Russian legal technology to get their insights and perspectives on the state of innovation and development there. What they say may surprise you.
Host Bob Ambrogi recently visited Moscow as the keynote speaker at the Skolkovo LegalTech conference. While there, he recorded these two interviews on the state of the legal tech industry in Russia:
Zscheyge and Pronin describe an industry undergoing significant change. In Russia, the legal tech startup scene has quickly become more robust over the last two years. But law firms and courts have been slow to adopt new technologies. Both guests suggest that may now be starting to change.
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When Alvin Tedjamulia cofounded NetDocuments in 1998 as the first cloud-based platform for document and email management, few lawyers had any concept of what it meant to work in the cloud. Today, NetDocuments has grown to become one of the leading DMS systems in legal, counting some of the world's leading law firms and corporations as its customers.
Now chief technology officer at NetDocuments, Tedjamulia is in charge of strategic planning, cloud engineering, research and development, and SaaS software development, as well as for overseeing the company's data centers in locations around the world.
During NetDocuments' recent ndElevate customer and partner conference, Tedjamulia sat down with host Bob Ambrogi to discuss the development of NetDocuments over the years and how lawyers came to love the cloud.
Before cofounding NetDocuments, Tedjamulia was a cofounder in 1989 of SoftSolutions, an early DMS system popular with the legal profession. After WordPerfect acquired SoftSolutions, he became CTO at WordPerfect, and after Novell acquired WordPerfect, he became VP in charge of the Advanced Technology Group.
He was also the original chief designer for Comprehensive Law Office (CLO), an accounting and time & billing system for Law Firms which is now with Aderant.
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The recently launched Caselaw Access Project is the capstone to a massive undertaking executed over three years to digitize all U.S. case law, some 6.4 million cases dating back to 1658. Leading the project was Adam Ziegler, director of the Library Innovation Lab at Harvard Law School, which partnered with Ravel Law to digitize the school's entire library of U.S. cases.
In this episode of LawNext, Ziegler joins host Bob Ambrogi to describe the project and its significance for legal researchers. He also discusses other projects underway at the Library Innovation Lab and touches on some of the lessons he learned as cofounder of a legal tech startup.
In addition to directing the Library Innovation Lab, Ziegler is an affiliate of the Berkman Klein Center for Internet & Society at Harvard University and an adjunct professor at Suffolk University Law School, where he co-teaches "Lawyering in the Age of Smart Machines." Earlier, he founded Mootus, an online platform for collaborative legal argument, and practiced law for several years with firms in Boston and Washington, D.C.
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Sarah Schaaf wanted to revolutionize how lawyers get paid. After growing up with lawyer parents and then becoming a lawyer herself, including a stint in Google's legal department, she saw the problems lawyers had in collecting from clients. She envisioned a platform as easy to use as PayPal or Venmo, but made specifically for the legal field and fully compliant with lawyers' professional responsibilities.
Headnote, the company she co-founded and leads as CEO, is both a payment processing platform, allowing lawyers to accept echeck and credit card payments, and an accounts-receivable automation platform, to help ensure invoices get paid. Headnote takes a unique approach to the e-payments process, aiming to make it easier for both the lawyer and the client. It is also transparent about its pricing, with no monthly service fees and fixed transaction fees of 1.9% for echecks and 2.9% for credit cards.
In this episode of LawNext, Schaaf joins host Bob Ambrogi to discuss her company and her thoughts about payment processing in general. She describes how Headnote evolved out of her own experiences as a lawyer, how it differs from other payment processing platforms, and what lawyers should understand when selecting a payment processing company.
Comment on this show: Record a voice comment on your mobile phone and send it to [email protected].
They say you can't go home again, but Matt Spiegel came back to legal technology after selling the first company he founded, MyCase, and then moving to other verticals. Earlier this year, Spiegel launched his second legal technology startup, Lawmatics, a cloud-based platform designed to automate legal marketing, CRM and client intake.
Spiegel had been a criminal defense lawyer when, in 2009, he founded MyCase, the legal practice management platform. In 2012, he sold MyCase to AppFolio, and then left in 2015 to start a software company that helped organizations manage trade shows and events. But he says he always knew he'd come back to legal technology.
In this episode of LawNext, host Bob Ambrogi sat down for a live conversation with Spiegel during the recent Law Firm 500 conference in Lake Las Vegas, Nev. Spiegel discusses the void he saw in legal-marketing software for smaller firms and how he believes Lawmatics can help lawyers boost their bottom lines.
Comment on this show: Record a voice comment on your mobile phone and send it to [email protected].
It was big news earlier this month when practice management company Clio announced that it had acquired Lexicata, the first cloud-based CRM and client-intake platform for lawyers. It was the first acquisition by 10-year-old Clio, which says it will continue to operate Lexicata but will also develop its technology into a new, more advanced client-engagement platform, Clio Grow.
Lexicata CEO Michael Chasin and law school classmate Aaron George founded the company in 2014, after previously founding LawKick, a marketplace for connecting clients with lawyers. A 2013 graduate of Loyola Law School, Chasin also received a master's degree in business administration from Loyola Marymount University.
In this episode of LawNext, host Bob Ambrogi sat down with Chasin at the recent Clio Cloud Conference, shortly after the acquisition was announced. They discuss the history of Lexicata, the reasons for the acquisition, the future of the product, and what it all means for the legal industry at large.
Comment on this show: Record a voice comment on your mobile phone and send it to [email protected].
At just 17 years old, Joshua Browder made international news when he created DoNotPay, a chatbot that helped appeal parking tickets, reportedly saving motorists in the U.S. and UK millions of dollars. Now 21, he has just released a series of apps designed to help consumers solve common legal problems without the help of a lawyer -- including one to file small claims lawsuits in any U.S. jurisdiction.
In this episode of LawNext, host Bob Ambrogi catches up with Browder during the recent Clio Cloud Conference, where they discuss the genesis of DoNotPay, the latest round of apps, and Browder's dream of enabling robots and technology to help people with most of their common legal problems.
"If you're a normal person who's not accused of murder, who doesn't need to be in the Supreme Court, I don't want you to even have to interact with a lawyer," Browder says. " … There's no reason why, if your landlord keeps your security deposit, it should be so complicated to get justice. So everything that a consumer would want from the legal system, I want to provide for free."
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