LegalTech News
ALM publication covering legal technology products, vendors, and innovation in law practice.
Articles from LegalTech News
Benchmark Reveals Frontier AI Models Struggle on Complex Legal Tasks
Percipient's benchmark shows leading AI models falter on insurance and contract review, highlighting limits for legal professionals.
Luminance Launches Legal-Specific AI Model, Cuts Contract Review Time 80%
Luminance debuts proprietary legal AI model speeding contract review from 150 to 30 minutes, backed by $75M funding and LexisNexis alliance.
AI Issues Fuel Mid-Career Lawyer Turnover Risks, Thomson Reuters Finds
Thomson Reuters report reveals AI performance problems cause mid-career lawyer dissatisfaction, risking talent retention and client satisfaction in law firms.
Thomson Reuters Updates CoCounsel AI with Workspaces, Brief Builder
Thomson Reuters adds workspaces and Brief Builder AI to CoCounsel, boosting efficiency for law firms and legal departments. General release set for August 2026.
Generative AI transforms contract drafting and risk review in M&A deals
Generative AI tools streamline contract drafting and risk assessment in M&A, but raise accuracy and confidentiality concerns, reshaping legal deal work.
Harvey to Open Source Legal AI Models, Expand Research Team
Harvey will open source custom legal AI models by late 2026, expanding its research lab and benchmarking AI for legal tasks.
Legal Tech Startups Raise $189M, Rebrand to Target In-House Legal Teams
In early 2026, legal tech startups raised $189M and rebranded, signaling shifts affecting legal team procurement and vendor choices.
Summize Buys InnoLaw Group Talent, Assets to Expand CLM Services
Summize acquired personnel and assets from InnoLaw Group to enhance contract lifecycle management services and expand its U.S. presence.
Shareholders Sue Microsoft Over Alleged Copilot Misleading Claims
A 2026 shareholder lawsuit accuses Microsoft of concealing AI product issues to boost stock before its bid.
Relativity Acquires Gavel to Boost AI Legal Drafting in Word
Relativity completed its acquisition of Gavel, a document automation startup, expanding AI-powered legal tools and following a potential IPO move.
Law Firms Should Map Processes First to Maximize Tech ROI
New guidance urges UK law firms to conduct thorough process mapping before investing in legal technology for better returns and security.
Judges Cite AI-Generated Legal Citation Errors in Lawyer Sanctions
AI-driven legal filings increasingly feature fabricated citations leading to lawyer sanctions and new court certification rules.
Private Equity Boosts Legal Tech and Services Deals in Early 2026
Private equity deals hit key legal tech, litigation support, and marketing firms in early 2026, signaling growing sector consolidation and innovation.
Courtroom Raises $3M to Launch AI Trial Simulation Platform
Courtroom secured $3M in June 2026 to develop AI-powered trial simulations aiding litigation strategy for law firms and corporate legal teams.
Fearn Raises $5.5M Seed to Speed Up Patent Drafting with AI
Fearn secures $5.5M seed funding to cut patent drafting from 50 hours to 20 minutes, lowering costs for inventors and IP pros.
Clio Acquires Jurisage to Boost AI Legal Tools in Canada
Clio completes acquisition of Canadian legal data startup Jurisage to expand AI-powered workflow solutions with Clio Work in Canada.
Billables AI Raises $10.2M to Expand AI Legal Timekeeping Tools
Billables AI secures $10.2M Series A to develop advanced AI features beyond timekeeping for law firms and legal departments, spotlighting legal tech innovation.
Wolters Kluwer Launches AI Tool for U.S. Jurisdictional Law Tracking
Wolters Kluwer's CCH Jurisdictional Compare uses AI to automate U.S. multi-state legal research, helping compliance teams save time and reduce errors.
Spellbook Launches $25K Legal Tech Fellowship for Law Students
Spellbook offers $25,000 fellowships to law students developing AI-driven legal tech projects, partnering with 50+ schools for fall 2026 semester.
DeepIP Acquires Munich AI Patent Assistant PatentMaker
DeepIP’s acquisition of PatentMaker strengthens its leadership in European AI-driven IP tech, boosting patent lifecycle management for law firms and corporations.