Nicholas (Nik) Reed has been named chief govt officer of contracts analytics and administration firm Knowable, after having been the corporate’s senior vp, product and analysis improvement since 2019.
Mark Harris, who had been Knowable’s CEO ever because the firm was spun off from different authorized providers supplier Axiom in 2019, will assume the rule of chairman of the board of the corporate, which operates as a joint venture with LexisNexis.
“Nik’s imaginative and prescient and deep experience in authorized know-how, and tailoring language-based AI to authorized use circumstances, make him the best chief to information Knowable into its subsequent chapter of innovation and progress,” Harris stated in a statement on the company’s website. “His background at authorized analytics powerhouse Ravel Legislation and expertise constructing our product over the past 5 years right into a trusted platform our purchasers are thrilled to make use of, uniquely positions him to capitalize on the super alternatives forward as authorized tech continues to quickly evolve.”
In 2012, Reed and his Stanford Legislation College classmate Daniel Lewis, now CEO of LegalOn, cofounded the legal research company Ravel Law, the place he was chief working officer. In 2017, LexisNexis acquired Ravel, and Reed turned vp of product technique, main the mixing of Ravel’s visualization and analytics instruments into the LexisNexis authorized analysis platform.
In 2019, Reed left LexisNexis to join Knowable. He had come to find out about it by the LexisNexis three way partnership, and was intrigued by the potential to construct the identical sorts of analytics round contracts that have been by then widespread in litigation, he informed me on the time.
The story of Knowable traces again to 2000, when Harris and Alec Guettel based Axiom, a pioneering service to offer on-demand authorized expertise to company authorized departments, rising it into a serious authorized providers firm, whereas additionally growing know-how and managed providers arms.
In February 2019, whereas gearing up for a doable IPO, Axiom spun off its know-how and managed providers entities into two new corporations: Knowable, which targeted on utilizing machine-learning know-how to assist corporations higher perceive their contracts, and Axiom Managed Companies, which later rebranded as Factor, and which gives folks, processes and know-how to offer outsourced authorized assist to corporations.
With the spin-off, Harris and Guettel moved to Knowable, with Harris as CEO and Guettel as CFO. In July, Knowable introduced that it had entered into a joint venture agreement with LexisNexis Legal & Professional, permitting Knowable to proceed to function independently, however with the good thing about LexisNexis’s assets and infrastructure.
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