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Are you struggling to convince attorneys at your firm to embrace cutting-edge legal tech (like GenAI)? Here are some handy tips to overcome that challenge, courtesy of Sara Miro, Alex Chiang, and me. https://lnkd.in/eYB4ZSgw #legaltech #changemanagement #genai #legalkm #techadoption #km

Luminance, a leading legal technology firm revolutionizing contract processes, has secured $40 million in its latest funding round, with March Capital from Santa Monica spearheading the investment. Joining the funding consortium are National Grid Partners and prestigious London-based law firm Slaughter and May, marking a significant milestone in Luminance's growth trajectory. Specializing in simplifying contract creation, negotiation, and analysis, Luminance leverages cutting-edge technology, including AI, to streamline legal workflows. The Series B funding round underscores the increasing investor confidence in the transformative potential of AI-driven solutions in the legal sector. In addition to Luminance, other AI-centric contract companies like DraftWise, Spellbook, and RobinAI have also attracted substantial investment in 2024, reflecting the burgeoning demand for innovative legal tech solutions. Eleanor Lightbody, CEO of Luminance, highlights the company's distinct competitive edge, rooted in its proprietary language model trained on millions of legal documents. Originally targeting law firms, such as Clyde & Co., Luminance expanded its market reach to include corporate clients, catalyzing its recent growth surge. Among its diverse clientele are industry giants like Koch Industries, Hitachi, Liberty Mutual, and LG Chem, underscoring Luminance's appeal across various sectors. Since its inception in 2015, Luminance has experienced exponential growth, previously raising $10 million in 2019, valuing the company at $100 million. While the current valuation remains undisclosed, the company's expansion plans in the United States, fueled by the latest funding infusion, signal a new chapter of innovation and expansion. With a workforce of approximately 150 employees, Luminance is poised to further solidify its position as a trailblazer in the legal tech landscape. #luminance #ai #techinnovation #legal #funding #fundingalert #fundraiseralert #allboutcorps

In today's dynamic legal landscape, staying ahead is non-negotiable- that's where Legal Innovators California comes in. Join us on June 4-5th in San Francisco for a transformative experience packed with interactive discussions, collaborative problem-solving, and invaluable insights into the latest industry challenges. Here's why you can't miss out: 1️⃣ Stay ahead with the latest legal tech trends, like GenAI, LLM tech, and new legal ops innovation 2️⃣ Network with top professionals and tech vendors like Tangible Global, Relativity, FOSSA, and Incorporight Inc..  3️⃣ Hear practical strategies shared by industry experts from Google, Microsoft, Baker McKenzie, and Mayer Brown Read more in our blog: https://lnkd.in/egP_NQbu #legalinnovatorscalifornia #LegalInnovation #LegalTech #LawTechConference #LegalDisruption #LegalTechSolutions #sanfransicoevents #legalevents #legalinnovators #LegalInsights #TechInLaw Richard Tromans | Artificial Lawyer | Relativity | Tangible Global | FOSSA | ClearyX |  Incorporight Inc.

The rise of midsize law firms as viable competitors to Big Law can be attributed to several factors, many of which are related to technology. Generative AI is helping midsize firms expand their capacity and take on more complex work without increasing their headcount. Other modern technologies, such as automation, cloud computing, and "traditional" AI, are also helping midsize firms to punch above their weight class. The pandemic has also driven a focus on technology, and midsize firms are in the best position to benefit from these new, technological, post-pandemic realities of practising law. Tech-enabled midsize firms are positioning themselves as attractive employers for top talent as well.

Meet Feargus M., a visionary in more ways than one. Diagnosed with retinitis pigmentosa, he conquered challenges in vision and in life. His journey from a computer science student to a legal tech pioneer is nothing short of inspiring. Despite diminishing sight at university, Feargus didn't let that dim his ambitions. He transitioned from tech roles into the world of law, landing positions at prestigious Magic Circle Firms in London. But it's not just about where he worked, it's how he worked - creating unique software hacks to navigate his visual impairment. It's at Freshfields where he met Nnamdi Emelifeonwu. Their shared experience on a deal sparked not just friendship but the inception of Definely - a company revolutionizing how lawyers handle contract drafting with innovative legal tech. Definely is more than a tool; it's a testament to overcoming barriers and redefining efficiency in the legal world. Listen to Feargus's incredible story and how he's shaping the future of legal tech. Listen Now: https://geni.us/Definely #Definely #LegalTech #Innovation #Inspiration #Podcast #TechNews

I’m excited to showcase the first public demo of My Pocket Lawyer's extended capabilities (sound on). Generative AI has changed what is possible across industries, and the legal services industry is no different. $260B is spent on consumer legal services every year in the U.S. alone, yet the vast majority of legal needs remain unmet: 👉 Individuals often can't afford a lawyer. 👉 Small businesses and startups need to put their budgets elsewhere. 👉 Even professionals at large VC firms and private equity shops don’t like having to pay $1,000/hour to get a non-answer from their outside counsel or else wait a week to hear back from their GC. So we asked the question: “what could the world look like if we took down the barriers between individuals and legal information?” This is the world we see: 🌍 We see a world where everyone has 24/7 access to affordable, high quality legal information. 🌎 We see a world where the most entrepreneurial members of our society have the legal tools they need to start and grow businesses. 🌏 We see a world where self-represented litigants are empowered to advocate for themselves, not afraid to. 🌍 We see a world where the most vulnerable members of our society can benefit from the protections of the American legal system. We truly believe this technology will help consumers, small businesses, and working professionals, and help attorneys in the process. We believe this technology will fundamentally change the legal profession for the better. And in doing so, make the world a better, more equitable place. Thank you to our incredible team of AI/ML engineers for bridging the gap between the siloed industries of tech and law. Thank you to Laura Hand at Handwritten Studios for directing and producing this video. Thank you to our friends at Bloomberg, Fox Business Network, and Good Day LA for sharing the work we’re doing Eric Mollo Paul Sweeney Molly Smith Kayla Arestivo Charles Payne Ralph Giordano Melvin Robert https://lnkd.in/gq3834-C

Coming from an SMB law firm background, I'm very happy to see that the playing field is being leveled by legal tech so that smaller law firms can compete with AmLaw. Great article by Stephanie Wilkins. Here are a few points she makes: 1. GenAI empowers firms to do more with less. 2. Attorneys use tech to facilitate quality of life and work balance. 3. Implementing legal tech and GenAI is less daunting for smaller firms. 4. An abundance of new, legal tech startups and tools makes the price of tech more affordable. 5. Tech-enabled SMB firms are also positioned as attractive employers, drawing in top talent. I hope SMB law firms are using these points in their marketing messages because it WILL attract high-quality prospects and new clients. RPC Strategies, LLC can help with your marketing and thought leadership strategies. Also, check out some new legal tech companies I've recently met who are leveraging GenAI to make your jobs easier and more efficient: Postilize (Jody Glidden) for social media business development, Questa (Khaled Jebbari and Alaa Jebbari) for eDiscovery platform, eDiscovery Assistant (Kelly Twigger) for eDiscovery legal research, @paxtonai (Tanguy Chau) for legal research and document drafting/analysis. https://lnkd.in/gYeYkJrE #legaltech #genAi #lawfirmmarketing #growthmarketing

Snag one of our final limited offer granting you 30% off for the premier West Coast #legaltech event of the year. Use code 'LICFlash3024' and secure your ticket to unlock the future of law today. This is only available through Wednesday, so be quick! 🎫 https://lnkd.in/g_Hwzry #legalinnovatorscalifornia #LegalInnovation #LegalTech #LawTechConference #LegalDisruption #LegalTechSolutions #sanfransicoevents #legalevents #legalinnovators #LegalInsights #TechInLaw

Here's a quick reminder that ClauseBase and InvestCEE LegalTech Consultancy are teaming up to discuss the future of legal drafting during our upcoming webinar on September 19, 3 - 4 pm CET. What we'll discuss: 🔹 Different kinds of legal drafting technology 🔹 Popular use cases for document automation 🔹 Where GenAI can help, and where it can't 🔹 Building a powerful clause library Expert Speakers:  🗣️ Senne Mennes, Co-founder & COO at ClauseBase 🗣️ Orsolya Szabó, Founder & CEO at InvestCEE LegalTech Consultancy Sign-up link in the comments! ⬇️ #LegalTech #ContractDrafting #Lawyers #LegalInnovation

Today, the Dealcloser Team is at the The Legal Innovation Forum in #Toronto! This year, the event focuses on exploring the intricate dynamics within the legal ecosystem where business, innovation, and law intersect. We're excited to uncover how effective leadership and meaningful collaboration are driving valuable changes. If you're here, meet Jag Dhariwal and Ken Wineke to learn how Dealcloser is reshaping lawyers' workflows and enhancing client experiences by streamlining deal flows and accelerating deal closures. https://lnkd.in/gAfb2Y8Z #LegalInnovationForum #DealcloserAdvantage #legaltech #legaltechnology #legalops #legaloperations #lawfirms #lawyers #innovation #MandA #privateequity #venturecapital #investmentbanking #dealmakers