Nextlaw Labs expands portfolio with investment in Canadian legal tech startup FileFacets
Summary
OttawaNextlaw Labs, the innovative legal tech venture development company launched by global law firm Dentons, today announced its investment in FileFacets, a data analytics and content migration software platform. "Data organization is critical to the success of any legal business and a major pain point for law firms is finding and sorting relevant information across the wide array of sources that are available in todays digital environment," said Dan Jansen, chief executive officer at Nextlaw Labs, "We are excited to be investing in a cutting-edge solution that addresses this issue head on, saving lawyers hours of digging through electronic files and conducting legal research by categorizing and prioritizing relevant content with FileFacets. The FileFacets platform automates the categorization of data and the attribution of file metadata, enabling law firms to gather and process the necessary content in hours instead of weeks or even months. Beagle (Canada): A startup that is using artificial intelligence to automate legal contract reviewDentons is the worlds largest law firm, delivering quality and value to clients around the globe. The FileFacets Migration platform employs advanced clustering and predictive coding technology to automate the categorization of data and the attribution of file metadata.