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Veritext Legal Solutions Acquires U.S. Court Reporting Business from Epiq

“While this was a solid business for Epiq, it was clear to us that it would be best served if aligned with an organization focused on investing in and growing court reporting and related services in the U.S.,” said David Dobson, chief executive officer of Epiq. “Veritext is growing and committed to the court reporting industry on all levels and a perfect fit to service the needs of our court reporting clients.”

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Sonasoft Signs Definitive Purchase Agreement to Acquire AI Company Hotify

“With the acquisition of Hotify, Sonasoft is poised to be a disruptive competitor in the industry,” said Andy Khanna, Vice Chairman of Sonasoft, who is in charge of mergers, acquisitions, and compliance matters. “Hotify has proven AI technology, and that is why we pursued this acquisition. When combined with Sonasoft’s client and partner portfolio along with our strong sales and marketing engine, we have an incredible opportunity for success. Our existing IP in data archiving and eDiscovery is an initial launching point to fully integrate Hotify’s AI.”

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Venture Capital Tempts Law Firms, But Ethical Concerns Surface

Law firms increasingly are turning toward high-risk, high-reward venture capital investing as a way to spur technology innovations to streamline functions like contract review and legal research. Yet the investments are raising conflicts-related concerns among legal ethics experts and competing firms that have rejected the approach.

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Say Again? The HSR Act and the Premerger Notification Program

While the percentage of transactions in which a Second Request was issued by either the FTC or DOJ was only 2.7% in 2015, 3.0% in 2016, and 2.6% in 2017, organizations engaged in merger and acquisition activities, either directly from a participatory position or indirectly from a supporting position, should proactively prepare to support the potential for a Second Request given the short deadlines and potential voluminous information requests that may require extensive use of data discovery and electronic discovery technologies and experts to ensure compliance with requests.

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Have You Tried Using a ‘Nearest Neighbor Search’?

A Nearest Neighbor Search is perhaps the simplest procedure you might conceive of if presented with a machine-learning-type problem while under the influence of some sort of generalized “veil of ignorance”. Though there exist slightly more complicated variations in the algorithm, the basic principle of all of them is effectively the same.