June 1st: Lega Emerges and TBG Secures Private Equity Backing

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Welcome to your briefing for June 1st.

In today's episode, we'll cover the expansion of Women in eDiscovery's leadership team and the launch of Lega's LLM provisioning and governance platform, and integrated technology.

Let's get started!

Yesterday, some interesting developments took place that are worth talking about. Let's start with Lega, a legal tech startup that launched its LLM provisioning and governance platform. This platform allows law firms and organizations to maintain control over their legal operations by exploring, assessing, and implementing generative AI in a secure and efficient way.

Another noteworthy development was The Barrister Group (TBG) making history by becoming the first chambers to secure private equity backing through an eight-figure investment from LDC. This group includes Clerksroom Chambers and Clerksroom Direct, and they have plans to expand their offerings, invest in technology, and enhance their innovative approach to remote-based legal services. This investment is a significant step forward for TBG, and we'll be keeping an eye on their progress.

Now, let's talk about some of the trends that emerged yesterday. Embedded payments are becoming increasingly popular in the legal profession, and we saw this trend in the spotlight. Many law firms are turning to automated payment methods that leverage virtual operations and hybrid workforces to streamline processes and improve cash flow management. By using digital payments, firms are speeding up the collection process by 62%, which is a win for both clients and firms. Enhanced client service and operational efficiency are the clear benefits.

Lastly, integrated technology in legal operations is gaining traction, and it's not hard to see why. Legal professionals are embracing multi-year technology strategies and roadmaps to achieve greater efficiency and strategic value across organizations. By connecting different practice groups and major software systems, we're seeing improved decision-making and reduced operational costs. This trend will likely continue as law firms seek to optimize their operations and financial management capabilities.

Now, let's move on to our key stories.

First up, Women in eDiscovery, a nonprofit organization committed to empowering women in the legal profession through technology, is taking things to the next level with the expansion of its leadership team. In an exciting move, the organization has announced the addition of three new positions. Patti Zerwas will come on board as the director of programming, responsible for implementing programs that align with the organization's strategic objectives. Maribel Rivera has been named the director of special events and will oversee the planning and execution of all events. Emily Bartkowicz has been designated director of charity and will manage the organization's charitable operations and programs.

The decision to expand the team demonstrates Women in eDiscovery's commitment to cultivating its members and providing them with opportunities for growth and development within the field. Each new director brings a wealth of experience and a strong passion to the table. With these new positions in place, Women in eDiscovery aims to serve its community and the legal tech industry even better.

Our other key story highlights Lega launch. Legal is a startup that offers law firms a secure and efficient way to explore and implement generative AI technologies through its LLM provisioning and governance platform. Built on the Betty Blocks no-code platform, the platform makes it easy for firms to build and configure API-driven solutions.

Lega aims to provide a safe and regulated way for employees to explore new technologies while ensuring compliance with all regulations. The platform enables users to test several models side by side, making exploring different generative AI tools easier than ever. Lega also includes a governance layer, which allows firms to manage secure access to the platform and regulate traffic to and from the models. This launch marks a step forward in safely harnessing innovative technologies in the legal industry, giving law firms a chance to explore and benefit from generative AI while maintaining security and control.

And that's a wrap.

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