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Law firms stories

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Luminance & LexisNexis link legal AI tools for contracts

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Luminance and LexisNexis have struck a tie-up to embed citation-backed legal research inside contract review, aiming to cut switch-hopping for in-house lawyers.
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Litera Compare lands in Google Workspace for lawyers

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Litera brings AI redlining and document comparison to Google Drive and Docs, giving lawyers a new way to review contracts inside Workspace.
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StructureFlow update turns legal data into editable AI

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StructureFlow expands its AI platform to turn PDFs, diagrams and spreadsheets into editable legal and financial models for deal teams.
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Elite adds AI to flag dubious legal billing entries

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Elite rolls out AI-powered Validate checks to catch questionable legal billing before invoices go out, aiming to cut write-offs and speed payment.
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Actionstep adds iManage integration for midsize law firms

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Actionstep and iManage team up to give midsize law firms a single workflow for matters, documents, governance and security.
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Why Legal Services demand is about to grow, not shrink

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AI in legal services is unlikely to shrink demand, with clients seeking more senior expertise and using efficiency gains to unlock latent work.
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Felix launches AI workflow platform with USD $1.7 million

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Felix lands USD $1.7 million to scale AI workflows for legal and finance teams, targeting consistency and audit trails over ad hoc prompts.
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Legora hits USD $100 million ARR as legal AI demand grows

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Legora tops USD $100 million ARR in 18 months as legal AI adoption accelerates across firms and corporate teams.
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Agentic AI raises new cybersecurity and privacy risks

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Norton Rose Fulbright warns that AI agents could intensify privacy and security challenges for Asian companies as data moves across systems and borders.
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British Business Bank backs 9fin in USD $170m round

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British Business Bank joins HarbourVest-led USD $170 million 9fin round as the London fintech tops USD $1 billion and eyes US growth.
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AskNicely launches Ask NiceAI for service businesses

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AskNicely unveils Ask NiceAI to help managers at multi-site service businesses turn scattered customer feedback into faster, data-backed action.
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AI & automation could lift law firm profits, study finds

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Law firms in US and Canada face rising admin drag as LEAP research finds AI and automation could unlock profitability through fewer manual tasks.
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360 Business Law launches AI contract review for telecoms

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360 Business Law unveils AI contract review for telecoms, claiming up to 70% faster turnaround and tailored risk checks for busy legal teams.
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Harvey raises USD $200 million in AI legal funding

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Harvey wins USD $200 million as investors back its plan to turn legal AI from chat tools into workflow-running agents.
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UK, US firms abandon AI plans amid skills shortage

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Major UK and US professional services firms are shelving AI projects as skill shortages bite, exposing a gap between tech spend and staff readiness.
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UK law firms lead AI use for time savings & profit

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UK legal professionals emerge as global AI leaders, with 62% regular users and strong training seen as key to boosting profitability.
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Herbert Smith Freehills Kramer adopts Legora AI firmwide

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Herbert Smith Freehills Kramer selects Legora as its firmwide AI platform, boosting drafting tools and launching a new client collaboration portal.
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BriefCatch unveils RealityCheck to tackle AI errors

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BriefCatch launches RealityCheck tool to spot AI hallucinations in legal briefs, as courts tighten scrutiny and sanction error-prone lawyers.
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Ransomware dominates UK cyber incidents, data loss surges

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Ransomware drives over half of UK cyber incidents as data loss surges, with healthcare, retail and complex supply chains hardest hit.
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Avvoka secures GBP £14m to scale AI legal drafting

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Avvoka raises GBP £14m from Valhalla Ventures to scale its AI-driven contract drafting platform and accelerate US expansion.