INDUSTRY ANALYSIS/FIVE NEW START-UPS YOU SHOULD KNOW ABOUT
Five New Start-Ups You Should Know About
Published on Tue, July 19 byLegaltech Hub
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One of the benefits of working at an organization like Legaltech Hub that is continuously mapping and indexing the legaltech ecosystem, is getting a front-row seat to the emergence of new start-ups. 

From time to time, we’ll share with you some of the more interesting developments and new solutions we’re seeing in the market.

Below, an outline of five new tools that we think everyone should know about.

 

PreDicta

Litigation or judicial analytics have been around for a while, and have recently had a resurgence of interest with the advent of data APIs allowing firms to more easily integrate external data sources to supplement internal data.

These solutions reveal statistical patterns in historical data and allow lawyers to see, for example, how many motions of a particular kind in a certain court were decided successfully. Few of them, however, have taken the extra step of predicting outcomes of current or future cases. 

What it does: PreDicta takes that next step and predicts the outcome of motions before a court with a close to 90% accuracy rate. Users enter the case number of a live court case, whereupon PreDicta automatically looks up the case, including court, jurisdiction, and judge. Based upon historical data combined with a number of personal attributes of the judge (political leanings, gender, etc), PreDicta then provides an outcome prediction along with an accuracy rating indicating the certainty of its prediction.

If you don’t have a case number, you can still use the technology by entering details about the case, including the judge or court before which it is being heard, in order to get a prediction.

PreDicta covers just federal cases, and currently only provides predictions in relation to motions to dismiss. Legaltech Hub understands that the founders are moving rapidly to expand its ambit to include additional motion types.

 

Proceedy

Structure diagramming tools were a hot trend in 2021; will visual timelines be the equivalent for 2022?

What it does: Proceedy Timeline allows lawyers to automatically generate visual timelines of a case, highlighting important events and connecting them to relevant parties in the case. By lining up important events in a timeline you will not only be able to illustrate the course of events to other parties, but also quickly and easily get an overview of the case. 

While Thomson Reuters and Lexis Nexis have long offered solutions allowing for the development of visual chronologies in a litigation matter, Proceedy provides a more modern, data-driven solution. Users can assign a starting date, end date, and time, to each point on a timeline, and each of those points can be connected to the people, issues, and documents in a case. Complex chronologies involving multiple timelines distinguished by theme can be easily generated.

 

AIDot Document Comparing

Over the past years, Litera has acquired most of the document comparison tools on the market, integrating them into Litera Compare. Only a few viable solutions continue to be independently available, including Novo Compare by Evolution Software and Singapore solution CompareNow by Alpha Legaltech. For firms that want to be able to perform comparisons at scale, the Litera Compare server has really been the only option on the market.

Enter AIDot System Document Comparing by v500 Solutions, a new solution launched just this year to tackle precisely that problem. 

What it does: AIDot’s Document Comparing allows for at-scale comparisons, boasting the ability to “easily” compare 100 complex documents (500-pages each) simultaneously against the master copy and unlimited criteria specified by legal professionals. Powered by sophisticated AI technology (including GPT-3 NLP), this SAAS solution understands content, sentiment, semantics, and syntax of information within the compared documents.

Document Comparing works across document formats, including PDFs.

 

Syncly

Data projects have been prioritized at many firms, with stakeholders recognizing that the inability to integrate data across systems makes it difficult to derive insights or advantages from the rich internal data that is now available at most modern organizations.

The continued fragmentation of the legaltech ecosystem and the uptake during the pandemic of collaboration platforms like Microsoft Teams and HighQ also means that firms continue to rely on solutions that integrate between platforms. 

What it does: Syncly promises to solve these problems. Purpose-built for the legal industry, Syncly is a platform that allows law firms to create cloud-to-cloud integrations and workflows to securely create and move data within a law firm or law department from system to system. Syncly's plug & play integration technology promises to allow users to build secure integrations “within minutes”, saving time and money otherwise spent engaging specialist developers.

Integrations so far developed include: iManage, HighQ, Sharepoint, Netdocuments.

 

Klaxoon

With many firms heralding a partial return to the office, the landscape of work has become more – rather than less – complicated. Effective hybrid working is difficult, with few platforms geared towards supporting it. 

Over the past two years, there has been a steep uptick in legal teams using flexible tools such as Miro and Mural to support workshopping and hybrid teams. Klaxoon has been developed specifically to address these needs. 

What it does: Klaxoon's Workshop Platform is a hybrid and complete workspace that promises to enable the smoother and more efficient running of every type of workshop: ideation workshops, design thinking, project management, customer meetings, team rituals, training sessions, business reviews, etc. The platform can be used on any device and provides for a variety of communication methods (text, image, video, gifts, questions, presentations, polls), giving rise to a solution that Klaxoon says is “ultra-collaborative”. 

Unlike the other solutions listed here, Klaxoon is not a new platform but is new to legal.

 

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