DISCO Partners with vLex to Leverage Legal Industry’s Most Comprehensive Primary Law Database
08 Noviembre 2023 - 3:31PM
Business Wire
Legal technology company licenses vLex U.S. legal data and
offers glimpse into upcoming product builds to further its vision
of creating an end-to-end platform for the practice of law
DISCO (NYSE: LAW), a leader in AI-enabled legal technology,
announced today a new licensing agreement with Fastcase, Inc., part
of the vLex group of companies (“vLex”), a global legal
intelligence and AI solutions company. This long-term agreement
allows DISCO to leverage vLex’s U.S. primary law library, one of
the most extensive collections of American legal and regulatory
information, which includes a comprehensive library of U.S. federal
and state case law, statutes, regulations, court rules, and
constitutions. The company will also receive regular updates for
the vLex dataset, ensuring that current and historical knowledge of
the law remains an up-to-date asset for customers.
Legal professionals want easy to use technology that reduces
time spent on cumbersome tasks, accelerates information synthesis
and relevant fact finding, and enables them to focus on delivering
great legal outcomes for their clients. With the broad
applicability and potential use cases for disseminating this
information, DISCO is in process of developing integrated
capabilities that incorporate primary law into everyday legal
workflows.
“This is an important milestone in the execution of our
long-term strategic vision and brings DISCO one step closer towards
a truly end-to-end technology platform that effectively handles the
most important aspects of complex litigation work,” said Katie
DeBord, DISCO’s Vice President of Product Strategy. “We envision a
seamless integrated user experience between fact development and
legal analysis where litigators can quickly identify relevant legal
precedents with similar fact patterns or analyze patterns based on
relevant law. It will allow lawyers to dynamically organize the
facts of their case and applicable law based on what needs to be
proven and disproven, and strategically interface with technology
in a way that augments their prosecution of matters from start to
finish.”
DISCO is working to incorporate the data into its core platform
to further innovate legal analysis capabilities for customers. The
company sees numerous opportunities in areas that include creating
risk assessments that analyze facts against the relevant law,
finding similar fact patterns, using AI to answer complex questions
about the law, and identifying case law relevant to the causes of
action without needing to use multiple products. Integrating case
facts and primary law into a single platform will accelerate
DISCO’s ability to serve the needs of legal professionals with more
holistic and advanced workflow solutions.
Forward-Looking Statements
This press release contains forward-looking statements regarding
DISCO’s partnership with vLex, including potential benefits derived
from the partnership, denoted by words such as “will”, “expect”,
“believe”, and similar phrases that denote future expectation or
intent. You should not rely upon forward-looking statements as
predictions of future events. The outcome of the events described
in these forward-looking statements is subject to known and unknown
risks and uncertainties, including (i) our ability to integrate
vLex’s primary law library and incorporate its data into our core
platform; (ii) the potential benefits of and opportunities
presented by integrating case facts and primary law into a single
platform; (iii) the laws and regulations that currently apply or
become applicable to our business in the jurisdictions in which we
operate; and (iv) the product offerings of competitors and new
market entrants, as well as the risks facing DISCO that are
described in its filings with the Securities and Exchange
Commission (“SEC”), including its Quarterly Report on Form 10-Q for
the quarter ending June 30, 2023, filed with the SEC on August 9,
2023. Further information on potential risks that could affect
actual results will be included in the subsequent periodic and
current reports and other filings that DISCO makes with the SEC
from time to time.
Forward-looking statements represent DISCO’s management’s
beliefs and assumptions only as of the date such statements are
made. DISCO undertakes no obligation to update any forward-looking
statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law.
About DISCO
DISCO (NYSE: LAW) provides cloud-native, artificial
intelligence-powered legal solutions that simplify legal hold,
legal request, ediscovery, legal document review and case
management for enterprises, law firms, legal services providers,
and governments. Our scalable, integrated solutions enable legal
departments to easily collect, process and review enterprise data
that is relevant or potentially relevant to legal matters. For more
information, visit www.csdisco.com.
About vLex
vLex is a global legal intelligence platform that provides legal
professionals with access to the most extensive collection of legal
and regulatory information worldwide, all on one award-winning and
unique platform. After its April 2023 merger with Fastcase, vLex
now includes the Fastcase, Docket Alarm and NextChapter brands.
Trusted by more than two million lawyers, researchers, government
departments, and law schools worldwide, vLex offers comprehensive
and intuitive access to the law in more than 200 jurisdictions
through an intelligent, AI-powered legal research platform. For
more information about vLex, visit www.vlex.com.
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