From Special Purpose Acquisition Companies (SPACs) to the recent flurry of legal tech consolidations, Mike Bryant, an industry veteran and partner at Knox Capital Holdings, and John Jacobs, a managing member of Marks Baughan Securities, share information, intelligence, and insight into the legal tech investment landscape during this 20-minute educational presentation and discussion as part of the 2021 Summit on Legal Innovation and Disruption (SOLID) Europe conference on April 29, 2021.
Increased interest in levels of M&A activity has resulted in the Bureau of Competition’s Premerger Notification Office (PNO) publishing the monthly figures for Hart-Scott-Rodino (HSR) Act transactions. The latest monthly update from the PNO is for April 2021 and noted 266 reported transactions. This is the highest number of monthly reported transactions in any April between FY 2010 and FY 2021. It is also the fourth-highest number of reported transactions in any month since October 2010.
According to Jacob Hesse, VP of Product at CloudNine, “Discovery Portal is a substantial breakthrough which will have a direct, positive impact on our clients who move data between technologies. Our development team has done amazing work to increase the speed, accuracy, and performance of Discovery Portal and our products like CloudNine’s Explore, LAW, Concordance, and Review. Discovery Portal will create tremendous time and cost savings for our clients and partners.”
According to Adam Belsher, Magnet Forensics’ CEO, “I’m proud of the team that has gotten Magnet Forensics to this important milestone. Our customers are seeing significant growth of cybercrime and digital evidence related to their investigations globally. The investment in Magnet Forensics, through the IPO, is ultimately an acknowledgement of the importance of these challenges and provides resources to tackle them more aggressively.”
In the spring of 2021, 60.0% of eDiscovery Business Confidence Survey respondents felt that business climate conditions will be better in six months. This is 10.0% higher than sentiment in the winter of 2021, where 50.0% of survey respondents felt that the business conditions would be better in six months. This is also the highest percentage of respondents who felt that business conditions would be better in six months since the initiation of the survey in the winter of 2016.
From a macro perspective, connecting the dots in eDiscovery is to simply draw logical inferences from connecting items of information to reveal something previously hidden or unknown. The provided non-comprehensive graphical depiction may be helpful in considering and connecting the dots during planning, forecasting, and sharing activities regarding the discipline of eDiscovery.
Authored by industry expert Andrew Haslam, the eDisclosure Buyers Guide continues to be the most comprehensive and definitive resource available for data discovery and legal discovery professionals seeking to understand and evaluate eDisclosure-related services and products.
In the spring of 2021, 25.0% of respondents viewed budgetary constraints as potentially having the greatest business impact on their business during the next six months. This percentage is the highest of all business impact concerns represented in the spring 2021 survey. This percentage is the lowest rating in the area of budgetary constraint concerns since the beginning of the COVID pandemic in the spring of 2020. This is also the fourteenth time in twenty-two surveys that the issue of budgetary constraints has been the top concern or tied for the top concern by survey respondents.
From X-Road® and risk management to business confidence and cybersecurity, the April 2021 edition of the Five Great Reads on eDiscovery newsletter provides a selection of recent research, reports, and articles to update and inform legal, business, and information technology professionals in the eDiscovery ecosystem.
According to Frederic Bourget, Vice President of Product at IPRO, “Our goal is to help legal teams collaborate and get to evidence faster. By being able to search data in-place, they can perform investigations, understand their data, better respond to requests, and minimize the amount of documents earlier in the eDiscovery process. In addition, with the integration of our AI Active Learning, customers are able to be more accurate and reduce review times, making their overall process very intuitive and cost effective.”