Accomplished software executive to spearhead the next phase of growth and customer success.

Houston, TX – January 16, 2024 – Onit, Inc. announced that longtime software executive Michael Farlekas will join the company as Chief Executive Officer, effective March 1, 2024. Onit is the leading provider of legal workflow solutions for enterprise legal management, contract lifecycle management, and business process automation. Current CEO and co-founder Eric Elfman will move to the role of Vice Chairman of the Board of Directors.

“When Onit was founded thirteen years ago, we had an ambitious goal to make legal a strategic partner to the business. Since then, we have become a recognized market leader, serving over 3,000 customers globally, providing hundreds of workflow automation applications and end-to-end solutions for Enterprise Legal Management and Contract Lifecycle Management. I’m excited to welcome an individual with Michael’s deep experience in scaling growth businesses to lead this next chapter of Onit’s journey and look forward to supporting him and the team as a member of our Board.” said Mr. Elfman.

Mr. Farlekas will lead all aspects of the company, focusing on driving customer value and accelerating the adoption of modern, legal-related business processes through automated, intelligent, and comprehensive software solutions. He brings to Onit an extensive track record of successful executive leadership, boasting over two decades of experience in sales, marketing, and leadership within the realm of enterprise software and operations.

Most recently, Mr. Farlekas led E2open to unprecedented growth over the past eight years. As CEO, he completed fourteen acquisitions to grow the customer base to more than 420,000 manufacturing, logistics, channel, and distribution partners through a network tracking over fourteen billion transactions annually. Previous executive roles include successful stints at Roadnet Technologies and RedPrairie.

“I am honored to join Onit and to have the opportunity to work with our customers and talented team,” said Mr. Farlekas. “Onit today has a market-leading global footprint and a strong passion for customer satisfaction and innovation. I am committed to building on this great foundation and leading the company towards scalable and profitable long-term growth in the industry.”

“We are delighted to welcome Michael to the Onit team,” said Mike Velcich, Partner at K1 Investment Management. “He is a proven business leader with an excellent track record of scaling businesses for the long term. We look forward to working with Michael to accelerate Onit’s momentum, fostering continued expansion and value creation for customers and stakeholders.”

About Onit

Onit, Inc. is a global leader in AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. Companies can transform best practices into smarter workflows, better processes, and operational efficiencies through Onit’s enterprise legal management, matter management, spend management, contract lifecycle management, and legal hold solutions. It helps transform how corporate legal departments with mid-market to Fortune 500 companies bridge the gap between systems of record and systems of engagement.

For more information, visit onit.com.

About K1

K1 is a global investment firm that builds category-leading enterprise software companies. K1 partners with strong management teams of high-growth technology businesses to help them achieve successful outcomes. With over 125 professionals, K1 and its operating affiliate, K1 Operations LLC, change industry landscapes with operationally focused growth strategies designed to rapidly scale portfolio companies. Since the inception of the firm, K1 has partnered with over 200 enterprise software companies including industry leaders such as accessiBe, Atera, Checkmarx, Complysci, ControlUp, Emburse, Employ, Granicus, HR Acuity, IronScales, Onit, RethinkFirst, Reveal-Brainspace, RFPIO, simPRO, Smarsh, Technomile, XTM International and Zapproved.

For more information, visit k1.com and follow K1 Investment Management on LinkedIn.

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Anaheim, CA (Jan. 29, 2024) – Winnow Solutions, LLC announces the development of Winnow AI, a groundbreaking AI-powered legal search assistant designed to streamline compliance for banks, lenders, and financial institutions. The company unveiled the new product during Legalweek in New York on Monday.

Click for full press release.

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At CounselX, we carefully listen to your unique needs and aspirations, showing our dedication to solve your three hard problems:

Facilitating Enterprise Client and Law firms: Connecting enterprise clients with specialized legal talent for efficient outsourcing of specific legal tasks. This is me: https://shorturl.at/ctELY

Supporting Legal Professionals: Offering a platform for legal experts to find flexible, additional work opportunities that utilize their skills and experience. This is me: https://shorturl.at/eqsAD

Empowering Startups: Providing subscription-based legal services to help startups establish strong legal foundations and focus on growth through on-going support. This is me: https://shorturl.at/asKOT

Don’t forget to meet us at Legalweek!

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The landscape of legal content management is transforming thanks to advancements in artificial intelligence (AI). Burdened by the immense volumes of sensitive data they handle daily, legal entities find respite in AI-driven solutions for managing Personally Identifiable Information (PII). Learn how Accusoft enhances Legal software technologies with AI-powered API integrations from its flagship product, PrizmDoc.

Click for article.

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Legal101 — to connect, communicate, and collaborate

Legal101 is on the go mobile-ready intranet platform, which empowers law firms to accelerate employee productivity, enhance communication and workplace efficiency. The platform enables attorneys and practitioners to stay connected and informed with law firms’ updates.

Legal101 Highlights

Lawyer Dashboard

Actionable Alerts

My Favorite Links / My Tools

Firm News and Newsletter System

Firm / Department / Office Calendar system

Firm Directory

Guided Search Experience

Search Results

Watch more> https://www.youtube.com/watch?v=IEDHT6xNHks

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The team at Rosen Law was no stranger to getting legal contracts signed using eSignatures at their law firm. But, they were looking for a better solution to replace their current DocuSign agreement. They wanted something that would be cost-effective, play well with their other systems, and could operate without pesky third-party tools. And it needed to work for all of the document and contract processes that powered their firm. That’s when they found Docubee.

Learn about their success in this case study.

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Priori, the leading legal technology platform for outside counsel decision-making, is honored to be named in the second annual Inc. Power Partner Awards. The awards highlight companies that have a proven track record working as invaluable B2B partners to startups and small businesses, providing support for key business functions and enabling growth.

“We’re thrilled that Inc. recognized the value Priori provides to companies by making it easier to find the right lawyers and other legal professionals at the right price,” commented Basha Rubin, CEO and Co-Founder of Priori. “We help companies of all sizes and allow startups and businesses with small legal teams to be responsive to the business’s needs and quickly scale legal support up and down as needed.”

The proprietary search and matching technology behind Priori Marketplace enables companies to find the perfect resource for their legal projects. It provides:

  • 40–75% cost savings over traditional outside counsel options

  • A network that is 51% more diverse than the overall law firm market

  • 8,000+ profiles of legal services providers across all 50 states and 70+ countries

  • Experienced attorneys from former AmLaw lawyers (49% of the network) to Fortune 500 in-house lawyers (34%) to lawyers with 8 years of experience or more (85% of the network)

This announcement comes on the heels of a year of growth for Priori. In July 2022, the company secured a $15 million A-1 financing round, and in the ensuing year doubled its headcount and added three members to its senior leadership team. In 2023, Priori was named New Law Company of the Year in the Legalweek Leaders in Tech Law Award, joined the 2023 Inc. 5000 list of fastest-growing private companies for the first time and launched its customer advisory board, including members from Fortune 500 companies.

The second annual Inc. Power Partner Awards honors 389 companies that support entrepreneurship and provide guidance and expertise for businesses throughout their organizational journey. The awards recognize B2B companies that serve as reliable partners and received top marks in client surveys. To view the complete list, visit Inc.com.

Click for press release.

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MASTERING THE ART OF LEGAL PROMPTING

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Today, successful startup Kili Technology Inc. officially launched davinci, a new artificial intelligence (AI) technology tool which drafts patents and office action answers in a fraction of the time that manual methods require.

Patent descriptions and office action answers have always been laborious and time-consuming, often requiring IP lawyers to spend dozens of hours drafting them. Pressure from corporate clients to work faster and smarter has made IP law firms place a new emphasis on technology automation. Enter davinci – the most highly performant and secure Patent AI copilot available.

How davinci Works
For patent drafting, davinci ingests text and drawings such as claims written by the attorney, the invention disclosure, conversation(s) with the inventor, and prior arts to generate a robust, detailed patent and drawing description that fits the required style. IP lawyers can then edit davinci’s draft based on their preferences.

For responding to office actions, davinci processes both the patent application and prior art cited by the examiner. The software evaluates the strength of the arguments and makes a recommendation to the attorney whether to counter them or refine the claims accordingly.

The davinci tool allows IP law firms to deliver better patent and office action answers  dramatically and more efficiently with lower operational risk. Early adopters of davinci, a hand-picked group of top 100 IP law firms in North America and Europe, have reported major time savings of up to 50% with its assistance. davinci frees up IP lawyers’ time to focus on more substantial legal work and better quality patents.

“AI-assisted drafting promises to assist patent professionals by removing some of the lower added value time spent drafting parts of a patent application. The ability to feed a set of claims, drawings, and background material into davinci and receive a fleshed-out specification is a significant time saver. This will enable patent professionals to spend more time with their clients to understand their business. In turn, a better understanding of a client’s business results in more focused applications, and a more effective overall IP strategy.  Quality of the output is an essential component of a successful AI-assisted drafting tool.” – Louis-Pierre Gravelle, IP Expert and Partner at Bereskin & Parr.

davinci is a Microsoft Azure partner and operates on Azure’s cloud infrastructure, which is universally trusted by law firms. Highly secure, davinci adheres to the most demanding security requirements including SOC II Type 2 and ISO 27001 certifications, as well as GDPR data privacy requirements. Highly confidential, davinci has a Zero Data Retention API, does not use clients’ data for training purposes, and adheres to a strict data segregation policy.

“We named davinci after enduring icon Leonardo da Vinci, the greatest inventor of all time in the realms of creativity, science and technology, to show our tremendous respect for the invention process and intellectual property,” remarked François-Xavier (FX) Leduc, co-founder and CEO of Kili Technology. “The davinci patent generation and prosecution software tool is a symbol of innovation, ingenuity, multidisciplinary thinking, and visionary foresight, which we believe Leonardo would have leveraged if he were alive today. It is time for IP to be revolutionized by data-driven AI tools like davinci, which are assertively driving the rapid pace of technology forward to meet the industry’s rising demands for technology collaboration.”

Availability
davinci is currently inviting law firms in North America and Europe to join the davinci waitlist to deploy the technology, which is by invitation-only for the next several months.

davinci will be demonstrating its Patent AI Copilot and meeting with law firms and media at ALM’s Legalweek New York 2024 conference from January 29 – February 1 at the New York Hilton Midtown (booth#1224).

For more information about davinci or to apply for joining the waitlist, visit https://www.getdavinci.ai/ or email contact thomas@getdavinci.ai.

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