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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Fitz Tepper
While originally designed for (and still mostly used by) lawyers, these tools obviously have applications in other industries. A company’s HR department could use it to sort through the thousands of documents typically involved in an internal investigation. Or a city could use it to quickly find documents related to specific FOIA requests, a process that is still sometimes done by hand. Letting a government employee quickly find the specific documents that were requested can turn a one month turnaround time for FOIA requests into just a few days.
Essentially, the platform can be used for any task that requires you to organize and search a crazy amount of documents.
The company charges per user, and a small law firm can expect to pay $15k-$30k per year. Expensive yes, but not if the alternative is paying hundreds of extra hours in legal fees at $600 per hour.
Logikcull says they are signing up new clients at a rate that has grown revenues 3x year-over-year, which is impressive considering how expensive the service. But that’s the thing about legal tech – the alternative is so crazy expensive that startups can charge an arm and a leg as long as they are providing a solution that actually save time.