The law moves slowly, but legal tech startups arenāt. In January of last year, legal tech startups raised a meager $1.25 million according to Crunchbase. But this year, the same group of companies have raised a touch over $49 million in just over a monthās time.
Using cloud technology, Logikcull fundamentally improves the speed and cost of litigation benefiting not only business, but society in general as the cost of justice becomes much more affordable.
Logikcull's cloud-based technology reduces the barrier to safely and securely storing discovery material, so that anyone with a browser can archive entire projects with a single click.
This February, the US government appointed a former startup guru, Dhanurjay āDJā Patil, to become its first Chief Data Scientist. The former Relate-IQ and LinkedIn employee said to Fast Company that the government was āmore data-driven than most companiesā. The result is that thereās a surge in startups helping both the government and its citizens deal with the amount of data out there.
The idea, Wilson says, is that lower eDiscovery costs bring down the total cost of litigation, meaning smaller firms can afford to take bigger cases. It evens the scales a little bit, Wilson says.
The sensitive information you handed you lawyer may not be as safe as you think it is. If you want to assess your law firmās security, consider asking these questions.
Big data has invaded almost every area of business. Companies want information on how consumers are interacting with their products or services and consumers want a voice in the directions businesses take. For journalists, access to data like this could make reporting on stories so much easier as well as rank much better online.
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