Earlier this week, I saw an article by Dan Roe with Legal.com about how contingency fees were on the rise in business and commercial litigation since the beginning of the pandemic.

But lest some think this means BigLaw may be getting ready to stride into a lucrative new area that frees them from the

I’ve been re-reading Walter Isaacson’s biography of Steve Jobs. I know there are criticisms of the book, but Isaacson is a good writer/storyteller. I realized Jobs engineered a return of Apple to dominance by doing two things really well. He forced the organization to make decisions quickly without endless debate.Second, the organization was decentralized. There weren’t silos or profit centers. These attributes let Apple get ahead even though it made mistakes along the way.

Of course, Apple was able to do these things because Jobs forced the whole organization to work together for the good of the whole organization. He had a vision for the organization—to make high qualitative usable products—that he and Apple relentlessly adhered to.


Continue Reading Law Firm Leadership: How To Knock Down Silos

This is the season for legal
tech announcements, whether they be about new or improved products or significant mergers, acquisitions, and funding. One announcement recently caught my eye, though, not because the product was cool or the merger lucrative. It was because it involved a big legal tech company simply doing good. Doing the right thing.
 
On October 19, LexisNexis and the National Bar Association (NBA) announced a multi-year agreement to advance the rule of law. The goal is to create programs and initiatives to combat systemic racism and racial inequality. When I dug deeper, I discovered this agreement came about mainly due to the LexisNexis Rule of Law Foundation’s efforts. We all know about LexisNexis, the behemoth legal tech company with a myriad of products and legal customers. I didn’t realize that LexisNexis also created the Rule of Law Foundation. The Foundation is a not for profit entity whose mission is to advance the rule of law around the world.


Continue Reading The LexisNexis Rule of Law Foundation: Doing Good for the Sake of Doing Good

BlackBoiler, an automated contract markup technology provider, today announced it has secured $3.2 million in funding from strategic investors, including agreement cloud company DocuSign. BlackBoiler plans to use the funds to further develop its patented software capabilities and accelerate team growth.   

Dan Broderick, BlackBoiler’s CEO and founder, and his team must be congratulated for this significant new funding. But after recently talking to Dan and Varun Mehta, CEO of Factor (see my recent post), I’m beginning to wonder whether this lasting legal disruption brought about by Covid that everyone keeps talking about is really happening.

Blackboiler is an innovative high volume contract review tool that uses artificial intelligence and human interfaces to create, edit, and negotiate similar contracts more efficiently and better. With offices in Washington D.C. and New York City, BlackBoiler is a National Science Foundation-backed software company focused on contract review automation.
Continue Reading BlackBoiler Eyes Expansion

This morning, Factor, (formerly Axiom Managed Solutions) one of the most prominent alternative legal service providers, announced the appointment of Carol Lindstrom, former Vice-Chair of Deloitte, to its Board of Directors. Lindstrom’s appointment comes as Factor closed on a new investment from Carrick Capital Partners – one of the largest recent investments in the global legal solutions market – which will allow Factor to quickly capitalize on the opportunities and momentum it has built since the beginning of the year.


Continue Reading Factor Continues to Diversify Its Leadership