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A version of this article first appeared in issue # 5 of Legal Business World on August 20, 2024.
With the explosion of legal tech AI companies promoting solutions to law firms, globally, we wanted to take this opportunity to shine a light on some of those who promise safe, secure, and increased productivity. Consider, also, how the efficiencies of using some of these tools can be leveraged to drive new business to your firm.
5 US Legal Tech Start-ups to Check Out
In the U.S., these five companies are innovating valuable legal tech products and services that ensure client confidentiality, data security, and compliance with the rules of professional responsibility.
Postilize
Postilizeis more than an assistant, it’s a digital person, according to the company’s website. In fact, when it comes to maintaining contact with valued clients it ensures you don’t miss any key milestone or news relating to the client or their industry. The AI-powered product automatically drafts personalized “touching-base” emails and follows potential leads on social media. No confidential data is ever input. It’s like having a social-media marketing assistant who never sleeps.
Questa Discovery
Questa Discovery makes high-speed processing of large data sets of e-discovery with efficient data indexing available to small and medium size companies. By providing seamless integration with existing systems, Questa delivers large-scale data management and a smooth and responsive dashboard, putting the information you need at your fingertips. The interactive technology also permits you to query your data through conversational AI, enabling access to specific data with a few keystrokes.
eDiscovery Assistant
Keeping up with the growing body of e-discovery caselaw, court rules, and checklists becomes easy with what eDiscovery Assistantcalls its “knowledge-center.” With an impressive roster of existing clients, eDiscovery Assistant provides a curated legal database focusing on all matters related to e-discovery related issues. Rather than searching for reliable current procedural directives in standard legal research databases, eDiscovery Assistant’s uses AI to upload, index, analyze, and categorize every relevant case opinion, rule, form, or checklist as they are published.
Paxton AI
Legal document drafting is an essential part of every law firm’s practice. It is time consuming, technical, and case specific. Paxton AIuses its AI-powered secure closed model program to generate legal documents tailored to your specific needs. The technology also analyzes documents or text for issue spotting, caselaw, and compliance with current laws and regulations. Using Paxton AI to produce first draft memoranda or other documents reduces drafting time to a fraction of solely manual creation, even when using templates or forms. For clarity and accuracy of important legal documents, Paxton AI reliably delivers legal instruments to order, ready for you to review and verify.
Steno
Litigation expenses can often stress small and medium-sized law firms. Steno is an innovative solution to managing costs for depositions, same-day or overnight court transcripts, transcript analysis, and litigation financing. Steno facilitates quick and accurate transcript delivery, remote depositions videoconferencing, and AI-powered analytics to litigation firms, all with no up-front costs. Steno offers nonrecourse litigation financing options through its DelayPay plan. Serving both plaintiff and defense firms, Steno enables small and midsized firms to resist the financial pressures that can influence strategic decisions.
Five Europe/Asia Legal Tech Innovators to Consider
RazorSign
Taking its name from Occam’s Razor, RazorSignis an India-based legal tech company that believes the simplest solution is usually the best. The company provides a unified contract lifecycle management platform to manage every facet of corporate legal operations from contract monitoring, compliance management, and expense tracking to legal billing, AIpowered contract summary function, and business group entity records and reporting management.
Legitify
The need for cross-border, remote, certified notarization of legal documents is no longer a rarity. The fast pace of international business transactions demands agility in dealing with legal formalities. Headquartered in Dublin, Ireland, Legitify eliminates the challenge of authenticating documents when the parties to important transactions are in in different countries or on different continents. Real estate purchases, company documentation, powers of attorney, authorization to travel with minors, import-export matters and immigration issues, can all require the execution of notarized cross-border documents.
vLex(USA, Barcelona, UK)
vLexis revolutionizing the way law firms conduct legal research with its cutting-edge technology. This platform offers access to over 1 billion legal documents from more than 100 countries, including case law, legislation, and regulatory information. One of its standout features is Vincent AI, which helps streamline research and automate routine tasks, saving lawyers valuable time. Recognized with multiple awards, vLex is setting new standards in the legal tech industry, making it an indispensable tool for modern law firms.
HUGO.legal
HUGO.legal is an innovative legal service provider that leverages AI to make legal assistance more accessible and efficient. Their platform connects clients with experienced jurists for consultations via video, web, or phone, offering flexible solutions tailored to individual needs. HUGO.legal’s AI-driven tools streamline legal processes, reducing the time and effort required for case management and research. This technology not only enhances the quality of legal services but also ensures that clients receive timely and expert advice, making it a valuable resource for legal professionals.
Legal Nodes
Legal Nodes is a comprehensive legal platform designed to support global businesses with their international legal, tax, and compliance needs across 20+ countries. The company offers a wide range of services including fundraising support, legal entity setup, document preparation, tax assistance, privacy compliance, and company maintenance.
Other Legal Tech and AI Resources
LegalTechnology Hub
LegalTechnology Hubis a comprehensive online platform that serves as a one-stop resource for legal professionals seeking technology solutions. It offers a vast directory of global legal technology tools, events, awards, courses, and consultants, all accessible for free in multiple languages. The platform’s powerful search function, enhanced with AI-driven capabilities, allows users to apply nuanced filters to find specific tools that match their unique requirements, whether it’s multilingual email management systems, workflow automation tools for in-house teams, or practice management platforms for small firms.
Theorem LTS
Theorem LTS is a pioneering platform that simplifies the adoption and management of legal technology for law firms and legal departments. It offers a comprehensive marketplace where users can discover, evaluate, and purchase legal tech solutions, as well as manage their existing tech stack through a single portal. The platform’s standout features include an RFP builder for efficient vendor matching, a community-driven insights system, and tools for procurement automation and pricing benchmarks.
