Contract Lifecycle Company Agiloft Gets $45M Investment and New CEO

Media Law

The contract management lifecycle company Agiloft has received a $45 million growth equity investment from FTV Capital — the first outside investment for this 29-year-old California company.

Should you have a loan-out company for your work in entertainment?

Gordon P. Firemark

I’m frequently called upon by clients to form a so-called “Loan-Out company” for them. What is a Loan-Out company? A loan-out company is a legal business entity established for the purpose of providing the personal services of its owner/employee to third parties. Loan-out companies can take many different forms such as LLC, an S-Corporation or a C-Corporation. A loan out company can confer a number of advantages on its owner.

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Transitioning from Kickstarting to Company Starting

Gordon P. Firemark

This alternate method, which uses a new securities law exemption, allows artists and creators to use the power and reach of the Internet to raise money for their company as a whole, rather than for a specific project. In contrast to the contribution model, an equity funding model raises money by selling equity shares in a project or company. The differences between contribution crowdfunding and equity funding.

Case Management Company Filevine Acquires Lead-Management Company Lead Docket

Media Law

While there, I took a detour to visit Filevine , the case management company that is headquartered in Provo, where I met with Ryan Anderson , cofounder and CEO, and Travis Tidball , SVP marketing and growth. Now the company has news of its first acquisition. By the time the two companies starting discussing a deal in earnest, Lead Docket had already developed a strong integration with Filevine.

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Former White House Staffer Helms New Cybersecurity, Discovery and Info Gov Services Company

Media Law

Launching today is a company formed to provide cybersecurity, e-discovery, managed review and information governance services to commercial and government organizations, and leading it is the lawyer who formerly served as director of information governance at the White House.

Legal Management Software Company Rippe & Kingston Rebrands As SurePoint Technologies

Media Law

Rippe & Kingston Systems, a Cincinnati-based company that has provided legal and financial management software to law firms since 1982, has changed its name to SurePoint Technologies. In recent months, the company has invested significantly in product enhancement and expansion.

Legal Tech Companies Offer Free Products In Civil Rights Cases

Media Law

Two legal technology companies said this week that they are offering free access to their products to attorneys involved in civil rights matters. Legal research company Casetext is offering free access to its Compose brief automation for Title VII motions through the remainder of the summer.

Atrium, $75M Company that Vowed to ‘Revolutionize’ Law, Shuts Down

Media Law

12, this blog broke the news that Atrium , the company that said it would “revolutionize legal services” through its dual-entity model of a law firm and a technology company, was letting go most of its legal staff and would pivot towards “building a professional services network dedicated to founders.” After laying off most of its lawyers in January, Kan said the company would pivot to a new focus. On Jan.

Entity Management Company Athennian Steps Out Of Stealth And Into An $8M (CAD) Series A

Media Law

The firm specializes in investing in so-called frontier companies outside Silicon Valley. With most of the company’s current customers in the United States and Canada, the funds will also be used to drive expansion through Europe and the Asia-Pacific region.

Alternative Legal Service Company Axiom Prepares for IPO; Spins Off Two Companies

Media Law

Major news today regarding the alternative legal services provider Axiom : the company has taken steps to prepare for an initial public offering and, separately, has spun off two companies as separate entities. The result of these spin-offs is three distinct companies: Axiom, which continues as a global marketplace for on-demand corporate legal talent; Knowable, focusing on enterprise contracts intelligence; and AMS, focusing on providing solutions for complex legal work at scale.

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Two Legal Tech Companies Postpone Conferences Due To Coronavirus Concerns

Media Law

Two legal tech companies today postponed conferences they had scheduled for this month, due to concerns over the spread of coronavirus. The trademark technology company Alt Legal cancelled Alt Legal Connect 2020 , a trademark law conference which was scheduled for March 22-24 in Brooklyn, N.Y. Also today, the digital contracting company Ironclad postponed its Apex 2020 general counsel summit, which had been scheduled for this Thursday, March 12, in San Francisco.

AI Transcription Company Verbit Closes $31M Series B Round

Media Law

Following an $11 million seed round in March 2018 and a $23 million Series A round in January 2019, this brings the total investment in the company to $65 million. Last year, the company opened an office in New York City, and it plans to triple its U.S.

The Weinstein Company Hit With Racketeering Class Action

THR, Esq. Entertainment & Media Law Blog

"Weinstein’s widespread sexual misconduct did not occur without the help of others," states the complaint. read more. THR, Esq. Business Movies Business THR Online nsfs

Top Law Firm Invests $8.2M in Legal Research Company Casetext

Media Law

Fueled by interest in its new brief-automation product, the legal research company Casetext said today that it has raised $8.2 Casetext cofounder and CEO Jake Heller said the additional funding would be used to invest more heavily in Compose , the product the company unveiled last month that automates the creation of the first draft of a litigation brief. million in new funding in a round led by “one of the top revenue-generating law firms in the country.”

Merger Creates What Is Said to Be Largest Business Intelligence Company in Legal

Media Law

The merger this week of two major technology companies has resulted in what is now the single-largest provider of business intelligence technology to law firms, the companies’ principals say. The merged company will continue under the Iridium name.

Three Legaltech Companies, All in Contracts, Have Financing Rounds, for Total of $26M

Media Law

This week, three companies, all providers of technology for contract review or management, announced financing rounds, raising a total of $26 million among them. The largest of the rounds involved the AI contract review company LawGeex , which said yesterday that it had closed a $20 million round of financing, bringing its total funding to $45 million. The second company to announce a financing round this week is LexCheck , which is also an AI-driven contract review platform.

Kate Hudson's Fashion Company Exec Sues for Wrongful Termination

THR, Esq. Entertainment & Media Law Blog

The suit claims the company assumed Talitha Peters was being treated for an addiction to illegal substances while on a temporary medical leave. read more. THR, Esq. Style Style THR Online

Edward Norton's Production Company Sued Over Harlem Movie Set Fire

THR, Esq. Entertainment & Media Law Blog

A man and woman who live in the building claim residents weren't warned by producers when a fire started during filming of 'Motherless Brooklyn.' read more. THR, Esq. Movies Movies THR Online

In Unique Partnership, Two Legal Research Companies to Co-Develop Products

Media Law

In fact, Fastcase has for years licensed its cases, statutes and regulations to other legal research companies, including Casetext and Ravel Law. Both of these companies have already demonstrated their ability to be creative and innovative in developing legal research (and other) products.

Bill Cosby Scores Victory Against Insurance Company

THR, Esq. Entertainment & Media Law Blog

AIG Property Casualty wanted out from having to defend the comedian against Janice Dickinson. read more. THR, Esq. The Business Television Business THR Online

Investments Lag In Women-Founded Legal Tech Companies, Survey Finds

Media Law

Recent years have brought a surge of outside investment in legal technology and other “new law” companies. But a survey out today finds that women-founded new law companies received less than 1 percent of that investment over the last 10 years. Of the companies she found, 265 had at least one woman founder and 67 had a sole women founder. Two companies had a sole male founder.

UK Contract Management Company Raises $5M from Major U.S. Investor

Media Law

Its customer base covers more than 50 countries and includes companies such as Deliveroo, Reach plc, Envoy and Skyscanner. It has twice invested in legal research company Casetext , leading its 2015 Series A round of $7 million and participating in its n 2017 Series B round of $12 million

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Asked and Answered: Should I have a Loan Out Company?

Gordon P. Firemark

“Asked and Answered&# will be a new occasional feature of this blog. From time to time, I’ll answer some of the most frequently asked questions I receive in my practice. This is intended as general information only and does not establish an attorney-client relationship. It is not a substitute for a private, independent consultation with [.].

Epiq Global Down As Company Investigates Unauthorized Activity on Systems

Media Law

Epiq Global , an international e-discovery and managed services company, has taken its systems offline globally after detecting unauthorized activity. A company spokesperson provided the following statement: “On February 29, we detected unauthorized activity on our systems. “As always, protecting client and employee information is a critical priority for the company.

AI Contract Management Company Evisort Raises $15M to Drive Next Phase of Growth

Media Law

Twelve months ago this week, the company introduced its flagship product, Document Analyzer, a cloud-based AI and text-mining application that helps enterprises analyze and manage their contracts. Over the past year, the company grew from nine employees to 35.

Despite Pandemic, Companies Plan to Invest In Updating Legacy Software, New Survey Finds

Media Law

Even in the midst of the COVID-19 pandemic, companies say that updating underperforming or legacy enterprise software is a priority for them in 2020, according to a survey being released today. Conducted by the document productivity software company DocsCorp , the survey polled 500 U.S. The fact that more companies did not have demonstrations or pilots may explain why some companies went over budget and underestimated the time frames, DocsCorp says.

Media Companies Just Got More Bad News in Gawker Bankruptcy

THR, Esq. Entertainment & Media Law Blog

A New York judge decides that California's free speech statute conflicts with federal rules. read more. THR, Esq. Business Movies Tech Business THR Online

Another Day, Another $50M Invested in A Legal Tech Company

Media Law

The digital ink is barely dry on my post yesterday recapping a record year in legal tech investments , and today there is news of another — in fact a further investment in a company already on my list for an investment earlier this year. The company said it will use this financing to expand into new geographic markets and to further its development of contracting technology for corporate counsel and legal operations professionals.

Three’s Company “Brunette” Arrested for DUI on Independence Day

Law of Hollywood Land

On July 4th Joyce DeWitt, best known as Janet Wood on “Three’s Company&# , was arrested on suspicion of drunk driving. Tags: Celebrity DUI Drunk Driving Under Arrest joyce dewitt three's company Joyce DeWitt Mugshot.

Legal Spend Management and Analytics Company Bodhala Raises $10M

Media Law

Bodhala , a company founded by two Harvard Law School graduates that seeks to disrupt legal spend management through the use of data analytics, has raised $10 million in a Series A financing round led by the growth-equity investment firm Edison Partners. Its analytics provide transparency and accounting that help a company understand not just what it spends, but what it should spend.

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PracticePanther and Bill4Time Merge Into Single Legal Technology Company

Media Law

Over the past two years, the company Alpine SG (ASG) has acquired two legal technology companies, the practice-management platform PracticePanther in 2018 (which I covered here ) and the time, billing and practice-management platform Bill4Time in 2017. Now, ASG is merging the two companies to create a unified legal technology business, ASG LegalTech. The new company will continue to support both PracticePanther’s Miami office and Bill4Time’s Bellevue, Wash.,

New GDPR Tool Helps Companies Automate Compliance and Documentation

Media Law

Even amid a global pandemic, companies are not exempt from compliance with the European Union’s General Data Protection Regulation, which applies to any company that stores or processes personal information about EU citizens, including U.S. companies. The GDPR tool can enable a company to lay the foundation for its GDPR compliance in as little as 30 minutes, SixFifty says. Data mapping to document the company’s data flow.

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LexisNexis Adds Companies to its Context Analytics on Lexis Advance

Media Law

Today, LexisNexis is launching a further expansion of the product, Context Company Analytics, which will be available to subscribers of Lexis Advance. The company analytics product being released today takes that text analysis in a slightly different direction, combining and cross-referencing a company’s litigation history with news events, financial data and executive information.

Roundup of Company and Product News from ILTACON, Part 1

Media Law

Here is Part 1 of a roundup of some of the legal technology companies and news I saw there. It works easiest with the research platforms Fastcase and Casemaker, thanks to arrangements the company made with them, but is not limited to those services.

Tech Companies, ABA, Partner to Launch National Pro Bono Portal Targeting COVID-19 and Disaster Relief

Media Law

The portal was jointly developed by the Disaster Legal Services Program of the American Bar Association’s Young Lawyers Division, which operates through a memorandum of understanding between the ABA YLD and the Federal Emergency Management Agency, and and Paladin , a legal technology company whose platform enables law firms, legal departments and other organizations to staff, manage and track their pro bono work.

Following Avvo’s Acquisition, Founder Britton is Leaving the Company

Media Law

Mark Britton Mark Britton, the 51-year-old lawyer and entrepreneur who founded the often-controversial legal marketplace and lawyer-rating site Avvo in 2007 and served as its CEO ever since, is leaving the company. The post Following Avvo’s Acquisition, Founder Britton is Leaving the Company appeared first on Robert Ambrogi's LawSites.

UK AI Company Luminance Gets $10 Million Series B Funding

Media Law

The UK company Luminance , an artificial intelligence platform for contract review, today announced that it has completed a Series B funding round of $10 million, at a valuation of $100 million. The funds will be used to support product expansion and global growth, the company says. The company closed a $10 million Series A funding in November 2017. The company has offices in London, Cambridge, Chicago and Singapore, and recently opened a fifth office in New York.

Two E-Discovery Companies Merge To Offer Global Data and Discovery Services

Media Law

HaystackID , a company that provides e-discovery and forensic services and technology to corporations and law firms, and NightOwl Global , a company that provides enterprise data services for corporate legal departments, said today that they are combining as part of a merger facilitated by majority investor Quad-C Management Inc., The combined companies will operate under the HaystackID brand. The combined company will now have 14 U.S.

E-Discovery Company Everlaw Announces $62M Funding round

Media Law

In writing a year ago about the e-discovery company Everlaw , I noted that it had attracted the interest of some big-name Silicon Valley venture capital firms, having raised nearly $35 million over three years, including being the first legal technology company to receive an investment from Andreessen Horowitz, a firm known for backing a wide-ranging portfolio of successful companies such as Facebook, Twitter, Airbnb, Box and Slack.

Ava DuVernay's Company Sued in Dispute Over Documentary's Awards Run

THR, Esq. Entertainment & Media Law Blog

A documentarian says the company didn’t submit his film for awards as agreed — and now won't stop claiming rights. read more. THR, Esq. Movies Movies THR Online Ava DuVernay Selma

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What YouTube Could Learn from Record Companies

Music Technology Policy

Ask any journalist who’s been threatened with a lawsuit by the most litigious company in commercial history if they dared to publish royalty rates. So here’s what YouTube can learn from record companies. No record company discloses to the public the royalties they paid to any of their artists and no record company would ever put their artist in the position of being a lottery winner poster child to promote the label.

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Lucy Bassli, Former Microsoft Assistant GC, Joins AI Company LawGeex

Media Law

Two weeks after announcing her departure as assistant general counsel at Microsoft, Lucy Bassli has joined LawGeex, the artificial-intelligence contract review company, as chief legal strategist. The post Lucy Bassli, Former Microsoft Assistant GC, Joins AI Company LawGeex appeared first on Robert Ambrogi's LawSites.

Everlaw Investor Sees IPO on Company’s Horizon

Media Law

A lead investor in the $62 million funding round announced this week by Everlaw says he believes the company is on a path to go public, possibly within the next five years. We strive for companies that have a path to be large independent businesses and a path to go public,” he says. “We’re We are looking for entrepreneurs and companies who can transform over a long period.”. With Everlaw, CapitalG made its first investment in a legal technology company.

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