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Crowell s new innovation leader: technology does not solve all problems
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General Atlantic
Legal tech investments: Evisort
Growth equity giant General Atlantic, which has invested in buzzy fintech startups like Albert and Chime, made its first foray into legal tech in February, leading the $35 million Series B of Evisort, a contract life cycle management company. Prior to COVID, the legal landscape was a traditional, paper-based industry ripe for disruption, said Alex Crisses, a managing director at the firm. We see the automation of contract management and the utilization of AI in a legal tech capacity as one of the great themes of 2021 and beyond.
General Atlantic looks for investments in technology that are highly differentiated, Crisses told Insider. Crisses said Evisort s tech covers a wide range of use cases, can be speedily implemented, and ultimately delivers strong return on investment. This is a classic
Agaton Strom; Stefan Radtke; Erin Levine This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Female founders receive less funding and encounter more resistance in the tech world.
Women make up 20% of Big Law equity partners, but only 14.5% of legal tech founders are women.
7 lawyer-turned-founders spoke to Insider about the bias they faced while pitching to investors.
Basha Rubin was in labor when she negotiated the term sheet for her Series A.
In May last year, Rubin hashed out investment details for Priori Legal, an attorney hiring platform for companies, clutching her phone as her partner drove them to the hospital.
Top 5 legal technology stories of 2020
Year in Review
Nicole Black.
No matter how you look at it, 2020 has been a year to remember. It began with the Australian bushfires (remember those?). Then over the span of just a few months, Kobe Bryant died in a fiery helicopter crash, President Donald Trump was acquitted of impeachment charges, and Harvey Weinstein was convicted. Then in March, the impact of COVID-19 set the scene for the rest of this crazy, unprecedented year.
Naturally, the legal technology space wasn’t immune from the unpredictable nature of 2020. The effects of the pandemic were wide-ranging and felt in all corners of the legal technology world. The shift to remote work had a dramatic impact on both the practice of law and the business of law, resulting in the rapid and singularly remarkable adoption of technology at rates never before seen. In some cases, the transition was a smooth one, and in others, it was a spectacular disaster.
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