Law firms stories - Page 4

As AI becomes essential in legal practices, clients now demand to know not if law firms use it, but how effectively they do so.

NetDocuments has unveiled its ndMAX Studio, introducing 12 AI applications designed to boost efficiency and streamline document management for legal professionals.

A recent report reveals a staggering 39% rise in data breaches within the UK's legal sector, compromising the personal details of nearly 8 million people.

A new report by DeepL reveals that 87% of legal professionals find AI tools enhance their work, marking a significant shift in the legal sector.

Neil Araujo, CEO of iManage, has received the Outstanding Achievement Award at the 2024 British Legal Technology Awards for three decades of innovation.

Lexsoft Systems has won the 'Knowledge Management Platform Of The Year' award for its T3 GenAI platform at the 2024 LegalTech Breakthrough Awards.

Leveraging a robust CRM system is crucial for law firms to strengthen client relationships, drive business growth, and ensure no client 'falls through the cracks'.

Ascertus promotes Shona Petley to CFO, tasking her with strategic financial oversight as the document management firm bolsters its growth in the UK and Europe.

In response to growing cybersecurity threats in the legal sector, Litera has acquired FileTrail to boost its information governance and records management expertise.

Trustwave's latest report unveils a surge in ransomware and tech-based attacks on professional services firms, stressing the urgent need for stronger cybersecurity measures.

Affinda Group secures USD $10 million in latest funding round, raising total to USD $22.9 million over 18 months, and now valued at USD $120 million.

Litera's generative AI, Foundation Dragon, improves legal deal term processing by giving instant access to past transaction data, enabling law firms to negotiate from a position of strength.

VXT, a rising legal-tech start-up, has launched a pioneering AI-driven communications platform that syncs with practice management software.

Tech firm k-ID introduces revolutionary platform to ensure global gaming safety compliance and providing age-appropriate experiences for young gamers.

CIBC Innovation Banking funds global legal software firm Actionstep's acquisition of Soluno, marking a pivotal investment in digitalising legal firm workflows.

The future of generative AI in the legal sector depends on the creation of reliable knowledge repositories, says Lexsoft Systems CEO.

Legal firms are increasingly turning towards client portals as a powerful tool to streamline their operations and enhance client interactions.

Lexsoft unleashes Lexsoft T3, a cloud-based version of their knowledge management system, integrating with iManage Insight+.

Financial management company Elite announces Lindsey Moorley as CFO as part of a growth strategy following new acquisitions and independence.

First AML and Actionstep have partnered to provide law firms with an AML tool that can cater to complex requirements across the UK, Australia, and New Zealand.