Updated Sep. 28, 2017 at 1:03 p.m.
Silicon Valley Legal Tech Accelerator accepts two RTP firms
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Raleigh, N.C. — Two Research Triangle companies are among the seven second round participants in the Silicon Valley Legal Tech Accelerator program. They will participate at the Raleigh Technology Center for LexisNexis on the North Carolina State University Centennial Campus.
This is the first time the program will be based both at the Menlo Park, California offices of Lex Machina and the Raleigh Technology Center.
The program launched in April to give startups a leg up in the rapidly expanding legal tech industry. The Legal Tech Accelerator program leverages deep expertise in legal, technology, startup domains, and industry-leading market positions of LexisNexis and Lex Machina to guide and mentor program members.
Participants receive hands-on mentoring, enjoy access to cutting-edge tools, technologies and data, and are given use of a workspace within an award-winning legal tech startup in Silicon Valley for up to three months for three employees.
After a thorough evaluation process, two NC companies made the cut.
Raleigh-based Vijilent automates people search for the legal industry. It is a data science company using machine learning to gather insights using social media data and working with law firms to harness the richness of that data and turn it into actionable knowledge for litigation support, jury selection and social media discovery.
{{a href=”external_link-16687999″}}vTestify{{/a}, based in Cary, is a virtual testimony platform that is developed to leverage advances in technology to improve both the quality of testimony and the methods through which it is obtained. vTestify addresses the needs of lawyers, legal professionals, and above all, the clients it serves, by tackling inefficiencies in the system through the use of technology.
The other five companies selected for the second round are:
- Contract Wrangler (San Francisco, CA): Contract Wrangler uses advanced machine learning technology to uncover hidden data in business relationships and help clients maximize profitability and reduce risk.
- dealWIP (Baltimore,MD): Cloud-based workflow integration platform for complex legal transactions that provides a secure, frictionless and transparent environment for transactional attorneys and their valued clients to plan, manage, automate and streamline every element of their most important high-stakes corporate legal matters.
- Lawcountability (New York, NY): A cloud-based software platform designed to help lawyers network more effectively for their business and professional development. It is a cost-effective way to offer regular marketing and business-development training online and on-the-go.
- Medilenz (Philadelphia, PA): AI-powered technology at the intersection of legal and health care helping companies and law firms, for example, mine medical records for critical data and providing medical expert services to life sciences clients, addressing business and scientific needs.
- ThreadKM (Alpharetta, GA): A web-based, real-time legal knowledge management platform that allows lawyers and other professionals to securely and effortlessly build cases and work together. It combines the benefits of broad-based document and knowledge management with the precision of a purpose-built tool for lawyers.
Throughout the rigorous, 10-week curriculum, Legal Tech Accelerator participants will gain knowledge and expertise in a variety of topics, including technology and product development, running an agile product development organization, building a strong company culture,selling to legal departments and law firms, leveraging legal data, and identifying best practices in customer success, marketing and fundraising. In addition.
They will have access to a vast collection of enriched legal data and cutting-edge tools and technologies from LexisNexis, and will be able to leverage the company’s established relationships with Stanford University, North Carolina State University, Silicon Valley businesses, VCs and influencers to grow their companies.
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