World
Legora’s buying spree has reached the courtroom

This Video Is Trending Right Now
Artificial intelligence has gotten much better at drafting legal documents. Now one legal-tech giant wants to make sure the facts behind them are right.
Legora has acquired the litigation startup Wexler, whose software helps lawyers reconstruct cases from thousands of documents. Lawyers can then trace something a witness or another attorney says back to the source and spot where it conflicts with the evidence. Terms of the deal were not disclosed.
The acquisition is a bid to make Legora more useful to trial lawyers. Much of its software has focused on helping lawyers research, review, and draft documents. Wexler brings it closer to the courtroom.
Disputes turn on the facts of a case, and how the law applies to them, Wexler cofounder and chief executive Gregory Mostyn said. Lawyers can spend weeks combing through thousands of documents to find those facts and sort them into a timeline. Wexler says its software cuts that manual review time by 75%.
The acquisition is Legora’s fifth since January. Legora and its larger rival, Harvey, have spent the year buying smaller startups as they race to mop up the law firm market. The deals let them add new products and experienced teams faster than they could build them from scratch.
Mostyn says Wexler wasn’t for sale.
The London-based startup had raised $7 million to expand beyond its British roots, and its software was being used by global law firms like HSF Kramer, Goodwin Procter, and Clifford Chance. Mostyn said he was fielding offers for a Series A when Legora came knocking.
He and his cofounder, Kush Madlani, flew to Stockholm to meet the Legora team. A smoked fish dinner with Legora executive Max Junestrand helped settle the question. The chance to bring Wexler’s technology to a platform with more than 1,500 customers was too good to pass up, Mostyn said.
The legal tech boom is giving way to a shakeout. Law firms have tested a surge of chatbots and other software in the past few years and are now choosing which software companies to sign up with for the long term. The startups that build for one-off use cases may need buyers with deeper pockets and broader distribution.
Legora and Harvey are driving that consolidation. Both have raised hundreds of millions of dollars in their battle to become the default app for legal work. Legora was valued at $5.5 billion in March. Harvey is worth $11 billion.
Mostyn said Wexler’s decision to focus on one complex part of litigation, rather than build a broad legal chatbot, has paid off. He described its software as a “scalpel, not a Swiss Army knife.”
With the acquisition, Legora is betting that Wexler’s scalpel can give its broader platform a sharper edge.
Read the original article on Business Insider

Investigation3 days agoâThe Olodo uprising term was not coined by meâ â Nigerian musician Ycee
Investigation3 days agoFamily, friends unveil plans for Balamiâs 42nd birthday celebration, to induct 42 fellows
Investigation3 days agoAngelina Jolie and Robert De Niro among huge Hollywood stars to âhave private details leaked onlineâ
Investigation3 days agoActress Lizzy Anjorin slams Iyabo Ojo for attending Soso Soberekonâs wedding with her daughter
Breaking3 days agoâI am in the era of overcoming my fear" – Nigerian acid attack survivor writes as she reveals her amazing transformation after getting a beauty makeover
Society3 days agoInvestigate farmland buyers to stop drug labs in your communities- Marwa urges traditional rulers
Investigation3 days agoSuspected cable thief nabbed in Bayelsa community
Investigation3 days agoJay Jay Okocha’s daughter Daniella shares photos from her bachelorette party in Greece ahead of wedding











