Articles
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2 weeks ago |
news.bloomberglaw.com | Evan Ochsner
Strong growth and partnerships attracted funding, Legora saidLegora clients include Cleary Gottlieb and Goodwin ProcterLegora, the legal AI startup that’s taking aim at the U.S. legal market, raised $80 million in a startup funding round that values the company at $675 million. The announcement Wednesday continues an eventful year for Legora, which was founded in Sweden in 2023.
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2 weeks ago |
news.bloombergtax.com | Evan Ochsner |Catalina Camia
Legora, the legal AI startup that’s taking aim at the U.S. legal market, raised $80 million in a startup funding round that values the company at $675 million. The announcement Wednesday continues an eventful year for Legora, which was founded in Sweden in 2023. The startup has changed its name from Leya to Legora, formally launched in the US, and announced partnerships with big law firms Cleary Gottlieb and Goodwin Procter.
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2 weeks ago |
news.bloombergtax.com | Evan Ochsner |Catalina Camia
To get the most bang for the buck from contracting software, corporate legal teams need to do a lot of things right. Contract lifecycle management software, many vendors say, can make some of the legal department’s core functions more efficient by providing cloud storage and automated redlining. A CLM system can help a legal department manage all agreements, from drafting and negotiation to execution, monitoring, and termination.
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1 month ago |
news.bloombergtax.com | Evan Ochsner |Catalina Camia |Jeff Harrington
Generative AI use is increasing the quantity of work done by some in-house legal professionals but also freeing up their time to work on higher-level tasks, according to a new Bloomberg Law survey. About 41% of respondents to Bloomberg Law’s State of Practice survey said use of gen AI has increased the amount of time they spend on higher-level tasks. Nearly four in 10 said artificial intelligence has increased the quantity of work done in-house.
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1 month ago |
news.bloomberglaw.com | Evan Ochsner
Generative AI use is increasing the quantity of work done by some in-house legal professionals but also freeing up their time to work on higher-level tasks, according to a new Bloomberg Law survey. About 41% of respondents to Bloomberg Law’s State of Practice survey said use of gen AI has increased the amount of time they spend on higher-level tasks. Nearly four in 10 said artificial intelligence has increased the quantity of work done in-house.
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