Special Committee on Evolving Legal Markets

This Special Committee has been formed to research the evolving legal marketplace.

Chair
Waller Lansden Dortch & Davis...
511 Union Street, Suite 2700
Nashville , TN 37219
Twitter: @ajbahou
LinkedIn: ajbahou/
(615)850-8542

LegalZoom Gains $2 Billion Valuation

LegalZoom.com raised $500 million at a $2 billion valuation to help pay out some investors, Bloomberg reports. The deal signals LegalZoom's progress since a 2012 initial public offering was aborted. The company is increasing revenue at about 20 percent a year with profit margins above 20 percent, according to its CEO.
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AI, Analytics are Changing Effectiveness of Online Legal Research

Above the Law’s Law2020 project takes a look at how artificial intelligence and data analytics are changing how attorneys conduct their legal research. Though the process of legal research has been greatly improved since the dawn of online databases like Westlaw, LexisNexis and Fastcase, sheer overload of information, lack of time to parse through data and lack of confidence in the results raise concerns. Artificial intelligence and analytics are beginning to be combined to in an effort to produce more relevant and predictive results for queries – a practice that will only become more widespread in the future.
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