LexFusion is seeking to change the paradigm for how law firms and legal departments purchase technology by serving as the go-to-market representative of companies that it has thoroughly vetted and selected as best-in-breed in each company’s category.
It was founded by legal industry veterans Joe Borstein and Paul Stroka, and recently added as a third cofounder D. Casey Flaherty, another industry veteran who was most recently director of legal project management at global law firm Baker McKenzie.
It launched in October 2020 with seven companies in its collective, and then added another three in April.
Casetext now becomes the eleventh company to join the collective and the first that offers legal research services.
As it happens, this news from LexFusion coincides with the announcement this week of the Fastcase 50, the 11th annual installment of these annual awards that honor the law’s “smartest, most courageous, innovators, techies, visionaries, and leaders.”
Two of this year’s honorees are from LexFusion and Casetext: Borstein, LexFusion’s cofounder and CEO, and Ryan Walker, Casetext’s chief technology officer. Two other honorees this year are with other companies in the LexFusion collective: Haley Altman, global head of corporate development at Litera, and Mirra Levitt, cofounder and chief product officer of Priori Legal.
With this news, the full roster of companies represented by LexFusion is:
- Agiloft, for contract lifecycle management.
- Casetext, for legal research.
- CoParse, which is not specifically a legal tech company, but which has developed an advanced reader for DOCX and PDF documents that improves users’ ability to review, annotate and understand complex documents.
- Factor, for managed services.
- HaystackID, for e-discovery services and technology.
- Hotshot, an ed tech company that helps lawyers developed their legal and business skills through short, practical videos and interactive training programs.
- Frontline, for outsourced IT and financial services.
- Kira Systems, whose software uses machine learning to extract key information from contracts and other documents.
- Litera, for legal workflow and workspace technology.
- Ping, for timekeeping automation.
- Priori Legal, for hiring project-based outside counsel.