Fast Company’s List Of World’s 606 Most Innovative Companies Includes Four From Legal Tech

Quick Firm is out with its annual rating of the world’s most modern corporations, and of the 606 corporations that made the checklist, simply 4 are from authorized tech.

“The 606 organizations that we honor as Quick Firm’s Most Progressive Firms of 2024 have met our excessive bar for demonstrating innovation and the influence of these improvements on enterprise and business,” the publication says. “They lead their fields and are remodeling the world.”

Listed here are the 4 authorized tech corporations that made the checklist, based mostly on my evaluate. If I missed any, please let me know.

Casetext

Casetext, now owned by Thomson Reuters, was chosen within the class most modern utilized AI corporations for its product CoCounsel.

In its write-up, How Casetext is assigning each lawyer an AI co-counsel, Quick Firm says: “CoCounsel can generate — at a blazing pace — authorized analysis memos, evaluate 1000’s of paperwork to reply questions throughout discovery, and discover particular contract objects in huge databases of knowledge.”

Fulcrum GT

Fulcrum GT was chosen within the class enterprise providers for simpifying authorized spend administration.

In its write-up, How Fulcrum GT constructed modern instruments to offer legislation corporations with further assist, Quick Firm says that Fulcrum GT’s product for company authorized, RapidX, “is essential to companies that, between 2022 and 2023, noticed a mean 29% improve in authorized spending.”

Good day Divorce

Good day Divorce was named within the class social good.

In explaining its selection, Quick Firm mentioned, this on-line divorce firm is popping a normally messy, adversarial, and expensive authorized burden right into a smoother course of.

“In 2023, the corporate rolled out providers in all 50 states, and greater than doubled the states during which it affords full-service divorce choices from 5 to 11 — all whereas saving its prospects nearly $13,000 every.”

SpotDraft

SpotDraft was named within the class of Asia-Pacific corporations.

In its write-up, This Indian startup desires you to cease losing time drawing up authorized contracts, Quick Firm says, “SpotDraft helps corporations simplify contract creation and evaluate by providing templates and automating the method of extracting contract information, releasing up in-house authorized groups to work on much less tedious duties.”

Associated: How It Works: VerifAI from SpotDraft, Utilizing AI in Phrase To Assist Legal professionals Evaluate Contracts Quicker.