It was major news this week when regulation follow administration firm Clio introduced its acquisition of authorized analysis and AI firm vLex for $1 billion.
However Ken Crutchfield, who has been an government at LexisNexis, Thomson Reuters, and most just lately Wolters Kluwer, the place he was vp and basic supervisor of authorized markets for Wolters Kluwer Authorized & Regulatory U.S., says he has seen this film earlier than — the one the place authorized corporations sought to bundle follow administration and analysis.
“All through my profession, I’ve noticed situations the place makes an attempt have been made to combine content material and software program, with most of them leading to restricted success,” Crutchfield writes in a guest post for LawNext.
Why is that? Crutchfield — who’s now principal of Spring Forward Consulting —says {that a} main problem for integrating analysis right into a follow administration workflow is that “conducting analysis is by definition an interruption of a workflow.”
That stated, Crutchfield acknowledges that there’s a main new issue at play within the Clio-vLex deal — generative AI. “Generative AI blurs the strains between analysis, workflow, and work product,” he writes.
So what does Clio must do to make this deal successful?
To search out out, read Crutchfield’s full article here.
