Considering Mergers and Acquisitions: 5 Behaviors of Leaders Who Embrace Change
At best, mergers and acquisitions (M&A’s) have a 50/50 chance of reaching their intended results. Study after study puts the failure rate closer to 70-90%. Why is the failure rate so high? Repeatedly, research cites the human factor as the leading reason why mergers and acquisitions fail.
LawGeex 2018 Legal Tech Buyer’s Guide for In-House Counsel
The legal technology space has exploded, bringing unprecedented disruption to the $600 billion global legal services market. Each month dozens of companies burst onto the scene promising to transform daily legal tasks, and the pace of transformation is only accelerating. Funding of companies has increased. Consolidation and acquisitions are continuing. Meanwhile, adoption of the latest technology among in-house lawyers has become mainstream. The In-House Counsel’s Legal Tech Buyer’s Guide 2018 reflects these major developments.
E-Discovery Unfiltered: Vendor Management Trends and Impressions Survey (Ari Kaplan)
Ari Kaplan Advisors’ annual E-Discovery Unfiltered Survey is a welcome and refreshingly readable report that provides actionable intelligence for defensible decisions on vendors and issues in the eDiscovery ecosystem.
Former Autonomy CFO Sushovan Hussain Convicted of Fraud
In a massive fall from grace for a man once crowned finance director of the year, Autonomy’s former chief financial officer and ex-Darktrace director Sushovan Hussain has been found guilty of fraud by a San Francisco court.
2nd Annual Legal Spend Management Study Released
This systematic and thoughtful study by legal technology expert researchers from the Blickstein Group and Exterro provides an interesting, insightful, and in-depth look into the state of legal spend management through the eyes of 59 in-house legal decision makers.
A Logikcull Approach: Andy Wilson Explains His Legal Tech Startup’s Latest Funding
Logikcull raised $22 million in January, even though it didn’t need it, says Wilson. The CEO tells us it’s because Logikcull has surged in popularity in the legal world.
Budgetary Constraints Continue to Impact the Business of eDiscovery (Spring 2018)
In the Spring of 2018, 22% 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. Increasing volumes of data are also of great concern, with 21% of survey respondents noting it as their greatest business concern.
eDiscovery Firm Dodges Rival’s Trade Secrets Suit
E-discovery provider DTI Global can’t revive claims that four of its former sales agents conspired with a competitor to misappropriate trade secrets and solicit clients, a federal appeals court ruled.
For eDiscovery, Happy Days Are Here Again!
Judging by an early peek at the data in the Blickstein Group/Exterro study, we can safely say that in-house legal departments are feeling bullish about their prospects.
HaystackID Acquires eDiscovery Providers Inspired Review and Envision Discovery
HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen, and learn from data when they face complex, data-intensive investigations and litigation, today announced it has acquired Inspired Review, an innovative managed review services company and Envision Discovery, a leading eDiscovery and managed services company. The company also announced the formation of Haystack Holdings, a private-equity backed holding company, via a significant investment from management, Knox Capital, ORIX Mezzanine & Private Equity, and Maranon Capital, L.P.
Go West, Young Man. | The 2018 Legal Tech Go-To-Market Report
Since the Great Recession of 2008, sustained pricing pressure from corporate clients and rapid technological leaps have combined to create the present environment in which law firms and corporate legal departments are not just open to technology-based solutions to problems formerly overcome by brute lawyer-hours, but actively inviting them in.
Business is Good. Very Good. | eDiscovery Business Confidence Survey Results – Spring 2018
The Spring 2018 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.
Admissibility of Electronic Evidence: Grimm-Brady Evidence Admissibility Chart
The recently published Admissibility of Electronic Evidence chart by Paul W. Grimm and Kevin F. Brady is a concise yet complete guide for helping legal and information professionals consider the legal admissibility of electronically stored information (ESI) as evidence.
Consilio and Advanced Discovery Merger Complete
Consilio and Advanced Discovery have announced [April 17, 2018] that the transaction to merge the companies is now complete. The combined company is now the world’s second largest services provider for information governance, risk management, eDiscovery and document and contract review.
Australian Law Firm Launches eDiscovery Startup Telesto
A new name in e-discovery has been launched by Corrs Chambers Westgarth [Australia]. Telesto will operate as a separate business from the law firm but was created by its Legal Technology Solutions Group and will benefit from Corrs’ innovations and expertise in the sector.
Catalyst Acquires TotalDiscovery
Catalyst announced (April 10, 2018) the purchase of a majority interest in TotalDiscovery, a leading legal hold and data collection software provider. The combination will allow Catalyst to offer an integrated platform, Insight Discovery, covering the core of the e-discovery process—from legal hold and identification through collection, processing, search, analytics, review and production.
Enterprise Software Spending Expected to Reach $391 Billion in 2018
Spending on enterprise software is expected to reach $391 billion in 2018, representing an 11.1% increase over last year and the highest growth market in IT spending for 2018. That’s largely due to the trend toward digital transformation and a change in the dynamics from an “ownership preference” to a “service preference.”
From Consolidation to Complexity: The Spring 2018 eDiscovery Business Confidence Survey
The Spring 2018 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.
Who Owns E-Discovery’s Largest Companies?
In the past, the line was that Silicon Valley was not eager to jump into e-discovery because the revenue simply wasn’t there. But now, that paradigm seems to be shifting, and more money is pouring into legal technology than ever before.
eDiscovery Mergers, Acquisitions, and Investments in Q1 2018
ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2018, through March 31, 2018.
A 2018 Legal Technology Salary Mashup
This new legal technology salary mashup contains general salary data points gathered from an aggregation of publicly available technology and legal technology industry research, reports, and anecdotal evidence.
Big Law: How to Survive the Next Downturn
Chair Emeritus of Seyfarth Shaw, Stephen Poor, shares some salient thoughts on the real pace of change and economic realities for law firms in this article extract.
Mark A. Cohen on Technology as Law’s Collaborative Catalyst
Technology is often seen as disconnecting people from one another– promoting detachment, isolation, and fostering a faux intimacy by creating virtual ‘relationships.’ But technology is also a cohesive force—especially in the legal industry.
Jason Lemkin on SaaS Marketing Mistakes
In this extract from the article “15+ of The Top Sales & Marketing Mistakes SaaS Startups Make,” Jason Lemkin highlights major mistakes in marketing that may inhibit SaaS success.
