LegalTech News
ALM publication covering legal technology products, vendors, and innovation in law practice.
Articles from LegalTech News
AI Speeds Up Private Equity Deals and Sharpens Legal Risk Assessment
AI adoption in private equity accelerates deal sourcing, due diligence, and risk analysis, impacting legal teams' workflows and compliance responsibilities.
Litigators Cautious About AI Adoption Despite Growing Legal Use
Litigators show hesitation adopting AI due to ethical, scrutiny, and quality concerns, impacting legal tech development and law firm strategies.
Legal Tech Funding Surges Then Slumps, Yet Big Investors Double Down
Legal tech funding reached $1.27B in Q1 2026 before dropping 62% in Q2, driven by major bets on Harvey and Legora amid market shifts.
Litera Integrates AI Plugins; Thomson Reuters Adds Global Regulatory Data
Litera launched AI-powered Microsoft Copilot plugins; Thomson Reuters integrates CUBE's regulatory intelligence into CoCounsel Legal, enhancing legal workflows.
Law Firms Let Lawyers Bill AI Training Hours Amid Tech Push
Leading US law firms now allow lawyers to count AI training as billable hours, boosting AI adoption and legal work efficiency in 2026.
Davis Wright and Vorys Test AI Personas of Lawyers, Sparking Ethical Debate
Davis Wright Tremaine and Vorys deploy AI-generated digital twins of attorneys, raising questions about ownership and ethics in legal AI use.
Weil AI Chief Plans to Save Halted Summer Tech Training Program
Andrew Simon, Weil Gotshal's AI chief, moves to preserve the firm's halted summer associate AI tech training by transferring it to a new firm, reflecting major law firms' AI focus in training.
United Airlines GC Sees AI Cutting Need for Outside Counsel
United Airlines’ chief legal officer predicts AI use will become standard to handle more legal work internally before outside counsel is engaged.
Blue J Raises $176M to Boost Tax AI and Expand in UK
Blue J secures $176M Series E funding to enhance tax AI and enter UK market, partnering with Legora for advanced legal workflows.
Harbor Acquires AAC Consulting to Expand Aderant Services
Harbor acquires AAC Consulting, its fourth purchase post-BayPine investment, boosting legal financial management systems expertise.
Juritas Raises $1.4M to Boost Post-Signature Contract Oversight
Stockholm startup Juritas gets $1.4M pre-seed funding to develop AI-driven platform that helps legal teams recover lost contract value post-signature.
Harvey starts early IPO talks with Latham & Watkins
Legal AI startup Harvey holds preliminary IPO discussions with Latham & Watkins, reflecting its growth and market validation in legal tech.
Shearman & Sterling Pledges $1.1B, 3% Billable Time to AI Development
Shearman & Sterling allocates $1.1 billion and 3% of billable hours over five years to develop AI tools, reshaping BigLaw workflows and competition.
AI Efficiency May Shift Legal Billing Back to Billable Hours
AI efficiency could reshape legal billing, potentially reviving billable hours over alternative fee arrangements for corporate counsel.
Cornell Tech’s Generative Legal Conference Highlights AI Adoption Challenges
At Cornell Tech's 2026 Generative Legal conference, legal pros discussed overcoming AI procurement chaos and integrating AI in legal services.
AI-Native Firms Bid to Acquire Weil Gotshal’s Data and IP Assets
AI-native law firms Crosby, Scissero, and Vetta bid to acquire Weil Gotshal’s data, IP, and lawyers, challenging traditional law firm asset models.
Lawsuits Over AI Training on Copyrighted Content Are Escalating
Legal battles intensify as AI companies face lawsuits for training models on copyrighted works, shaping future IP law and compliance.
Jus Mundi Launches AI-Powered Arbitrator Search in Private Beta
Jus Mundi debuts AI-driven arbitrator search to enhance selection and research for arbitration lawyers worldwide.
Hybrid Firm Athena Raises $2.5M to Automate Real Estate Legal Work
Athena Circle, a hybrid law firm using AI for real estate deals, raised $2.5M to expand fixed-fee, faster legal services.
Ex-DOJ Antitrust Leaders Launch AI-Powered Legal Tech with $6.4M Seed
Ex-DOJ antitrust leaders Jonathan Kanter and Doha Mekki launch AI-driven FluxCap with $6.4M seed funding for antitrust litigation management.