As we enter day two of LegalTech New York 2012, legal professionals are getting hands-on practical information for improving their law practice management, thanks in part to vendors that are using the conference as an opportunity to launch new products.
Recommind has been busy at LegalTech, presenting at a variety of sessions talking about issues such as predictive coding and data governing. For LegalTech, Recommind isn’t so much about making announcements as it is about capitalizing on what it announced in the days before LegalTech.
Its recent launch of Axcelerate eDiscovery 4.3, for example, provided capabilities to enable simple management of the entire e-Discovery process in one integrated platform. New features are aided by Recommind’s record revenue growth -- 95% over 2010, driving total revenue to its highest level yet.
Autonomy, an HP Company, announced a significant new release of the company's market-leading eDiscovery solution. Autonomy e-Discovery brings together the best capabilities of Autonomy Stratify for review, Autonomy Introspect for production and Autonomy Investigator & ECA for identification and culling. These new features give corporations and law firms the ability to leverage Autonomy's advanced technology and e-Discovery expertise in the cloud, on premise and with purpose-built HP appliances.
LawLoop.com debuted its cloud computing legal software system at LegalTech 2012 this week. Developed by attorneys Tom Zuber & Oliver Taillieu, LawLoop.com integrates front and back-office software at a fraction of the cost of traditional systems without the hassle and inefficiency of going back and forth between several competing legal software products. By consolidating the software needs of a legal practice in one system, Lawloop lets the law firm set up secure “loops” that enable authorized users to access the documents they have rights to.
LegalTech is also a great venue at which to announced acquisitions. Ricoh Americas Corporation announced that is has acquired HSSK Forensics, Inc., a computer forensics and electronic discovery provider. Ricoh will gain HSSK Forensics’ Remlox Remote Acquisition technology and the HSSK Forensics lab in Houston. The goal is to integrate Remlox and the HSSK Forensics lab into Ricoh’s e-Discovery suite of services, expanding its technology and service offering in computer forensics and e-Discovery for corporate counsel and supporting law firms.
Ricoh also announced an agreement with Digital Reef and kCura, as well, which gives Ricoh clients access to high-capacity processing performance and Relativity, respectively.
The eDJ Group, an e-Discovery analyst and consulting firm and parent company of the e-Discovery Journal, presented key e-Discovery findings and offered predictions for the coming year during its release of its research calendar. eDJ Group market prediction highlights for 2012 include insights about how vendors will compete to provide the industry’s first comprehensive information management platform to manage “big data” as well as solutions that address collection and preservation challenges presented by social media tools such as Twitter, Facebook and LinkedIn.
More key 2012 market predictions will be discussed during the LegalTech “Analysts Rundown” session on Wednesday, February 1.