TCF Capital Funding, a division of TCF National Bank, announced that it provided $17,800,000 in secured financing to support Knox Capital Holdings and Maranon Capital in the recapitalization of HaystackID LLC. “With this, our second such transaction in the eDiscovery space, we are very pleased to have participated with a firm as well differentiated in its market as HaystackID”, said Scott Nielsen, TCF Capital Funding Vice President.
There are hundreds of different metrics that product managers could potentially measure. But all successful teams have a core set of metrics that matter most to them and the nature of their business.
Failure to get product/market fit right is very likely the number 1 cause of startup failure. However in all these articles, I have not seen any discussion about what I believe is the second biggest cause of startup failure: the cost of acquiring customers turns out to be higher than expected, and exceeds the ability to monetize those customers.
Global alternative legal services provider Integreon today announced it has acquired Allegory, the litigation management software business founded by legal tech pioneer Alma Asay.
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.
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.
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 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.
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.
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.
According to Alex Martinez, CEO of First Legal, “Both First Legal...
According to Veristar company founder, CEO, and president Rick Avers, “We...
doeLEGAL today announced that it has been acquired by intellectual property...
From seed and venture capital investments to private equity and Special...
There are many excellent resources for considering chronological and historiographical approaches...
While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...
An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted...
One of the key home (onsite) or away (remote) decisions that...
From litigation trends and legal tech investing to facial recognition and...
From eDiscovery business confidence and operational metrics to merger and acquisition...
May the peace and joy of the holiday season be with...
From market sizing and cyber law to industry investments and customer...
According to HaystackID CEO Hal Brooks, “We are proud to once...
According to HaystackID's Senior Vice President and General Manager for Review...
According to HaystackID's Chief Innovation Officer and President of Global Investigations,...
As a leader in remote legal document review, HaystackID provides clients...
The Predictive Coding Technologies and Protocols Survey is a non-scientific semi-annual...
In the winter of 2021, 85.0% of eDiscovery Business Confidence Survey...
In the winter of 2021, 43.3% of respondents viewed budgetary constraints...
In the winter of 2021, eDiscovery Business Confidence Survey more...