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Quick Firm is out with its annual rating of the world’s most innovative companies, and of the 606 firms that made the record, simply 4 are from authorized tech.
“The 606 organizations that we honor as Quick Firm’s Most Progressive Corporations of 2024 have met our excessive bar for demonstrating innovation and the affect of these improvements on enterprise and business,” the publication says. “They lead their fields and are remodeling the world.”
Listed here are the 4 authorized tech firms that made the record, primarily based on my assessment. If I missed any, please let me know.
Casetext
Casetext, now owned by Thomson Reuters, was chosen within the class most innovative applied AI companies for its product CoCounsel.
In its write-up, How Casetext is assigning every attorney an AI co-counsel, Quick Firm says: “CoCounsel can generate — at a blazing pace — authorized analysis memos, assessment 1000’s of paperwork to reply questions throughout discovery, and discover particular contract gadgets in huge databases of data.”
Fulcrum GT
Fulcrum GT was chosen within the class business services for simpifying authorized spend administration.
In its write-up, How Fulcrum GT built innovative tools to provide law firms with extra support, Quick Firm says that Fulcrum GT’s product for company authorized, RapidX, “is essential to companies that, between 2022 and 2023, noticed a median 29% enhance in authorized spending.”
Howdy Divorce
Hello Divorce was named within the class social good.
In explaining its selection, Quick Firm stated, this online divorce company is turning a usually messy, adversarial, and costly legal burden into a smoother process.
“In 2023, the corporate rolled out companies in all 50 states, and greater than doubled the states by which it presents full-service divorce choices from 5 to 11 — all whereas saving its prospects virtually $13,000 every.”
SpotDraft
SpotDraft was named within the class of Asia-Pacific firms.
In its write-up, This Indian startup wants you to stop wasting time drawing up legal contracts, Quick Firm says, “SpotDraft helps firms simplify contract creation and assessment by providing templates and automating the method of extracting contract knowledge, releasing up in-house authorized groups to work on much less tedious duties.”
Associated: How It Works: VerifAI from SpotDraft, Using AI in Word To Help Lawyers Review Contracts Faster.
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