Posts Tagged ‘business’

Market to Manage Electronic Documents in a State of Flux

Market to Manage Electronic Documents in a State of Flux

Last year, more than 30 major e-discovery companies were acquired or merged, or they disappeared. To an outside observer, it looks like an industry that is shrinking or contracting.

But at the same time, venture capital firms poured millions of dollars into startups and upstart companies offering technology to manage electronic documents in litigation. It’s enough to make lawyers wonder: Is it an industry in decline or on the rise?

The answer is a little of both. Large corporate clients are resistant to paying millions for litigation support services when a lawsuit arises. Rather, large organizations are investing in tools to manage electronic records before litigation ever happens.


The Top Issue Impacting eDiscovery Business Performance: Budgetary Constraints (Fall 2017)

The Top Issue Impacting eDiscovery Business Performance: Budgetary Constraints (Fall 2017)

In the Fall of 2017, 31% of respondents viewed budgetary constraints as potentially having the greatest business impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey. Budgetary constraints also appear to have the greatest potential impact now on business than at any time since the initiation of the eDiscovery Business Confidence surveys.


Legal Tech Fails To Sustain Deal Counts And Dollar Amounts

Legal Tech Fails To Sustain Deal Counts And Dollar Amounts

To rework the legal industry, which is steeped in tradition and regulation, large sums of money are likely required. In an effort to address these challenges, legal tech startups have received $1.5 billion in funding across 610 deals since 2010.


The Challenge of Budgetary Constraints: eDiscovery Business Confidence Survey Results – Fall 2017

The Challenge of Budgetary Constraints: eDiscovery Business Confidence Survey Results - Fall 2017

The Fall 2017 eDiscovery Business Confidence Survey is a non-scientific survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.


Data Challenges? The Fall 2017 eDiscovery Business Confidence Survey

Data Challenges? The Fall 2017 eDiscovery Business Confidence Survey

The Fall 2017 eDiscovery Business Confidence Survey is a non-scientific survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.


Global Legal Tech Is Transforming Service Delivery

Global Legal Tech Is Transforming Service Delivery

According to ALM research, 73% of ‘legal’ work is now performed in-house and an additional 2% by service providers. That means law firms have only a 25% market share.


Eyeing Expansion, Chicago eDiscovery Company Rebrands

Eyeing Expansion, Chicago eDiscovery Company Rebrands

Andrew Sieja, kCura founder and CEO, said the Relativity brand long ago eclipsed kCura, a term which was coined years ago when the company had ambitions to specialize in knowledge management. Instead, it found success in the roughly $2.5 billion e-discovery software market, with a reported 13,000 users including nearly every AmLaw 200 firm, the U.S. Justice Department, plus corporations including NBCUniversal, LinkedIn, Allstate and others.


The Rise of Data Type Issues in eDiscovery: Six Issues That Impact eDiscovery Business Performance

The Rise of Data Type Issues in eDiscovery: Six Issues That Impact eDiscovery Business Performance

In the Summer of 2017, over 40% of respondents viewed data issues (data volumes and data types) as potentially having the greatest impact on their eDiscovery business in the next six months.


Legal Tech + AI in Germany: Things Are Evolving

Legal Tech + AI in Germany: Things Are Evolving

In Germany, the legal market is still new to financial investors. Venture capital and private equity companies as well as many ‘business angels’ often do not understand the digital business models in the legal market.


Summer Doldrums? 18 Observations on Summer 2017 eDiscovery Business Confidence

Summer Doldrums? 18 Observations on Summer 2017 eDiscovery Business Confidence

Summer 2017 eDiscovery Confidence: Survey respondents appear to have a slightly less optimistic view of the business climate this quarter (Summer 2017) than they did last quarter.


Revenue Expansion or Erosion? eDiscovery Business Confidence Survey Results – Summer 2017

Revenue Expansion or Erosion? eDiscovery Business Confidence Survey Results - Summer 2017

The Summer 2017 eDiscovery Business Confidence Survey is a non-scientific survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.


NCT Ventures and Bridge Investments Join JumpStart in $1.8M Fundraising Round for Heureka Software

NCT Ventures and Bridge Investments Join JumpStart in $1.8M Fundraising Round for Heureka Software

Today, Heureka Software announced the company has added new funding from Columbus-based NCT Ventures and Chicago’s Bridge Investments. Combined with previous funding from Cleveland Venture Development Organization JumpStart Inc. and other angels, this increases Heureka’s current fundraising round to $1.8 million.


OpenText to Acquire Guidance Software

OpenText to Acquire Guidance Software

OpenText™ (NASDAQ: OTEX) (TSX: OTEX), a global leader in Enterprise Information Management (EIM), announced today that it has entered into a definitive agreement to acquire Guidance Software (NASDAQ: GUID), the makers of EnCase®, the gold standard in forensic security, that includes digital discovery solutions and endpoint information security.


Why Associations Can’t Be Afraid to Fail

Why Associations Can’t Be Afraid to Fail

What associations today should be afraid of is not failure, but of falling behind and letting innovation pass them by because they don’t have the courage to try new things.


New York Federal Judge Declines to Enforce Employee Non-Solicit Clause

New York Federal Judge Declines to Enforce Employee Non-Solicit Clause

In a very thorough analysis following a 3 day Preliminary Injunction hearing Judge Jed Rakoff declined to issue injunctive relief to a former employer seeking to enjoin four former employees and their new employer from competing or from soliciting clients or employees.


Is Revenue Raining Out of Your Cloud?

Is Revenue Raining Out of Your Cloud?

Traditional technology hardware and software companies are seeing a significant share of their growth from the cloud. With legacy revenue streams declining – and in some cases declining rapidly – it is imperative that companies make the transition to cloud effectively. This is no simple task.


Pop-Up eDiscovery? The Pop-Up Employer in Today’s Workplace

Pop-Up eDiscovery? The Pop-Up Employer in Today's Workplace

“Computation, we think, has an opportunity to dramatically shift several costs in a way that traditional organizations haven’t realized,” Mr. Bernstein said. “It’s way easier to search for people, bargain and contract with them.”


Esquify Secures Venture Capital Funding

Esquify Secures Venture Capital Funding

Esquify, the breakthrough legal technology for human document review, has secured a $710,000 seed round of funding to aggressively accelerate growth. Network Ventures led the investment round with participation from existing and new investors including Foley Ventures, the investment arm of national law firm Foley & Lardner LLP, and Bridge Investments, a Chicago-based venture capital firm.


Revenue Expansion or Erosion? The Summer 2017 eDiscovery Business Confidence Survey

Revenue Expansion or Erosion? The Summer 2017 eDiscovery Business Confidence Survey

The Summer 2017 eDiscovery Business Confidence Survey is a non-scientific survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem.


From Data to Dachau: Putting a Face on Data Privacy

From Data to Dachau: Putting a Face on Data Privacy

with the advent of data tools and technologies ranging from autoclassification to automation, it is more important now than ever that legal and information technology professionals consider not only the positive things that can be accomplished with data-centric technology, but that they also consider the potential misuse of data technology.


Partnering for Success: The Role of the Partnership in Legal Tech

Partnering for Success: The Role of the Partnership in Legal Tech

For legal technology companies working with law firms, success seems to be less a matter of having the very best, most efficient product on the market, and more a matter of establishing networks and relationships with law firm leaders and consultants.


The Business Reasons to Take a Vacation – Journal of Accountancy

The Business Reasons to Take a Vacation - Journal of Accountancy

What some organizations are starting to understand is this: Taking time off is better for business in the long run. Here are six business reasons employees—from the C-suite to the assembly line, from managing partner to entry-level accountant—should take regular vacations.


Strategy Matters: Aligning Innovation Strategy with Business Strategy

Strategy Matters: Aligning Innovation Strategy with Business Strategy

Companies should not be investing in a random collection of unrelated projects. There has to be some connection between our innovation strategy and the company’s overall business strategy.


What Makes a Legal Tech Company Exciting to a Venture Capitalist?

What Makes a Legal Tech Company Exciting to a Venture Capitalist?

What’s super-interesting about the legal field is that it is very technology-centric in what it needs, and the problems are very complicated. In fact, the whole business of software is being reinvented right now by cloud computing.