fynk, a SaaS company, raised €3.1M to enhance legal workflow tools and expand internationally after its public launch in May 2024.
'Robot lawyer' company faces $193,000 fine as part of FTC's AI crackdown
DoNotPay misled consumers about the capabilities of its AI legal services, resulting in a $193,000 FTC settlement.
OpenAI and Salesforce hand bots more decision-making power
OpenAI and Salesforce introduce advanced AI models enhancing productivity, with an emphasis on careful response evaluation and controlled decision-making.
Legal tech, VC brawls and saying no to big offers | TechCrunch
Wiz declined Google's $23 billion offer, focusing on independent growth to reach $1 billion in ARR by 2025.
Cohere raised $500 million at a $5.5 billion valuation, showing strong revenue growth attracting investors despite a 157 times ARR valuation.
Alleged sexual misconduct by lawyers isn't uncommon. But facing punishment is tricky
Legal tech consultant's personal experience tied to the vast legal industry highlights the need for safety awareness in professional settings.
Artificial intelligence tools for brief writing and analysis are a small firm litigator's new best friend
Artificial intelligence is revolutionizing legal workflows, streamlining tasks such as legal research, document review, and drafting, allowing lawyers to focus on higher-level strategic work.
Leonard Leo Is Always Nearby - See Also
Alito's wife may not be responsible for the "Appeal to Heaven" flag.
Success in the legal field requires adapting to the digital era with legal tech, continuous training, and data security as essential strategies.
The Race To Keep Law Firms From Completely Screwing Up Generative AI With Disastrous Results
ILTACON offers diverse activities, making it challenging to attend educational sessions. ILTA Evolve addresses this by focusing on two topics with fewer overlapping sessions.
The Five Most Momentous Legal Tech Fails
One main point stands out about legal tech failures: notable products can fail, even with significant funding and hype, highlighting the unpredictable nature of the industry.
Hallucinations Are Baked into AI Chatbots
AI-generated legal outputs often contain errors and falsehoods, leading to real-world consequences.
Hallucination, where AI models produce responses that don't align with reality, poses a significant challenge in the use of large language models.
Legal Tech Investment News this Week: Luminance for Contracts, Scrut for GRC, TRE for CRM, VXT for VoIP
Luminance secured $40 million in Series B funding led by March Capital for AI-based legal tech.
Scrut Automation raised $10 million in funding for its GRC platform, with existing investors participating.
New Startup Hopes to Use AI to Show How Judges Think
Bench IQ offers AI platform for legal professionals to analyze judges' decision-making patterns.
The startup has secured $2.1 million in pre-seed funding from notable venture capital firms and law partners.
ROSS Cofounder Returns To Legal Tech with Startup Using AI To Surface Judges' Decision-Making Patterns
Jimoh Ovbiagele, co-founder of ROSS Intelligence, now heads Bench IQ using generative AI for judges' insights.
$2.1 million pre-seed funding for Bench IQ from Maple, Haystack, tech CEOs, law firms, and ROSS cofounders.
Step In Time: Starting A Late Career Solo Law Practice Is Possible
It's never too late to start your own law firm, even after a career as an attorney.
Utilizing technology and resources effectively is crucial for success when transitioning to owning your own law firm.