Lexis in the new Fund of Harvey Rev, + Labor Network Builder – Artificial Lawyer

Lexisnexis has commented on the artificial lawyer about the fresh investment of the ally in Harvey (see below). Meanwhile, the highly funded Genai start has begun a new feature: the workflow builder, which has an agent skills.

First the new feature. The workflow builder allows you to turn your owner’s knowledge into ‘structured, reusable systems’.

Harvey, who yesterday confirmed to AL that she had raised $ 300 million in a new round of series E who valued the company with $ 5bn-see the article, explained that Workflow Builder ‘is a self-service tool that empowers innovation teams to build these (workflows) from the first. With it, the leaders of innovation and knowledge can Design and place custom agents that reflect the expertise, tone and processes of their firm‘

This works in the following way:

• ‘Describe or design your workflow
• Start by telling Harvey what you want to build in plain language, or use the code without code to take steps by hand by connecting different blocks.
• Adjust it with your firm’s knowledge
• Add inputs, examples of precedent and branch logic that reflect how your firm works. Choose the best model for each step, or let Harvey optimize automatically.
• Set, divide and refine
• Test the workflow, set the permissions and split it throughout your team. You can repeat, version and adjust the workflow while your needs evolve. ‘

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Now Lexisnexis funding news. As mentioned above, there was a new round of investment in Harvey and this time the round was led by Kleiner Perkins and Coatingand includes shotGV, DST Global, Obedience, Elad Gil, Open the starting fund of itElemental, SV Angel, Kris Fredrickson and New.

Rev is the publicly listed parent’s investment arm of Lexisnexis, Relx. It had already joined in the previous round $ 300 million in February when the rating was $ 3BN. Meanwhile, last week, the artificial lawyer shared the news that Lexis and Harvey were forming an alliance, by which Lexis would share her US legal data with Harvey – see here.

Artificial lawyer asked about the new investment round and what it would say. Lexnexis Legal & Professional replied:

‘Rev, the Venture Capital wing of Relx which owns Lexnexis Legal & Professional, coordinate closely with us for her participation in the final rounds of Harvey funding.

‘As part of our customers -focused approach to development, Lexisnexis invests and cooperates with renowned technology innovators to Submit the best solutions of it to legal professionals wherever they work.

‘Our Strategic Alliance recently announced with Harvey is an example of this, where Harvey customers will benefit from AI’s trusted responses from Lexisnexis Protégé. Our priority is to provide the legal answers with the highest quality of it and to support extraordinary legal work. ‘

So there you go.

Clearly, with this additional investment investment and Harvey grow even closer. But perhaps the most wonderful aspect here is that the market is now normalizing this relationship. And yet, just a few weeks ago, most people’s view of ‘how are things’ in the world of legal technology was very different. This alliance and thoughts on what may come afterwards have avoided any complacency among market participants.

This states that despite the previous obvious stability there are strong implications at work in the legal technology sector and no doubt that many agreements are flying back and forth among the many parties. If there was another mass announcement that connects two other legal technology companies very soon, it would be in accordance with the current environment.

As Al before noted, We have started a new chapter in the history of legal technology.

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