The lawyer's field guide to a fast-moving field.

In a CNBC interview following Legora's $500M+ funding round at a $9B valuation, CEO Max Junestrand noted that AI tools are driving increased legal demand and prompting law firms to move away from billable hours toward alternative fee arrangements.

A survey of 149 Dutch General Counsel and Chief Legal Officers found that 99% now use AI in their operations. Furthermore, 52% reported that AI is actively altering the type of work sent to external law firms, and 59% are seeking greater use of alternative fee arrangements.

Legal tech funding has reached $8.2 billion so far this year, marking the second-highest year on record despite a 5% drop in total deal volume. The trend reflects larger, concentrated funding rounds, including a recent $550 million Series E raised by Swedish legal AI company Legora.

Latham & Watkins is collaborating with legal AI startup Harvey to design an AI tool for private funds work, including LP agreements, side letters, and subscription documents. Harvey plans to market the resulting technology to other law firms, while Latham gains custom input into its development.

Swedish legal AI vendor Legora has reportedly secured $550 million in Series E funding at an $8.8 billion valuation, with annual recurring revenue allegedly surpassing $200 million. The company also announced a partnership with Bluejay Tax Research utilizing the model context protocol to link AI answers back to primary sources.

Am Law 200 firm Stoel Rives has selected Legora as its firm-wide AI platform following a pilot with over 100 lawyers across multiple practice groups. Litigators at the firm used the tool to map facts across document sets and accelerate matter intake.

Swedish legal tech startup Legora secured $550 million in Series E funding, bringing its valuation to $8.8 billion. The massive round comes as platforms compete to build AI capable of handling complex legal workflows.

Venture firms Leo Capital and Crowberry Capital have invested in Jónsbók, an AI startup building jurisdiction-specific legal technology tailored to European statutory and regulatory nuances. The platform has already achieved nationwide adoption across Icelandic ministries, financial institutions, and law firms as it expands across Europe.

Swedish legal tech startup Legora has raised $550 million in Series E financing, bringing its total valuation to $8.8 billion. The massive round comes amid growing competition to build advanced AI models capable of automating complex legal workflows.

Swedish legal technology startup Legora raised $550 million in Series E financing, bringing its valuation to $8.8 billion. The massive round comes amid accelerating competition to develop AI systems for complex legal work.

Texas has filed a lawsuit against OpenAI and Sam Altman under the state's Deceptive Trade Practices Act, alleging deceptive practices and failure to warn users about ChatGPT's safety risks. The action highlights a growing wave of state-level consumer protection litigation targeting AI developers.

In Thomson Reuters v. ROSS Intelligence, the Third Circuit ruled that an AI company's copying of Westlaw's editorial headnotes to train its legal research tool was not fair use. The ruling marks the first AI copyright case to reach a federal appeals court, though the panel noted generative AI might be treated differently in future cases.

In Phillips v. Parlade, a Nevada federal court dismissed a lawsuit against a state judge accused of letting AI decide a case without independent human judgment. The court held that issuing a ruling remains a judicial act protected by absolute judicial immunity, leaving governance and disclosure questions unresolved by the suit.

A new Best Law Firms report reveals a major surge in generative AI adoption across Canada, with 80% of firms with 100+ lawyers now piloting GenAI tools. Additionally, 73% of surveyed Canadian firms now have established policies governing AI use in client matters, up from just 23% last year.

A new Best Law Firms survey shows that AI adoption among Canadian firms with 20+ lawyers jumped from 44% to 73% year-over-year, with 95% of large firms now piloting or integrating AI tools. While 33% of firms reported reduced billable hours for certain tasks due to AI, overall average revenue per lawyer still rose 12%.

Legal AI platform Harvey has acquired Aida, an AI-native platform, marking its fifth acquisition of 2026. The Aida team, including founders with enterprise AI background from Glean and Apple, will join Harvey to help law firms build custom ontologies and unlock context across fragmented systems.

Ropes & Gray is collaborating with OpenAI to develop an AI tool for transactional due diligence. The system groups documents, generates summaries, and produces reports for lawyer review before client advising.

Microsoft has introduced Copilot for Legal, bringing over 20 specialized legal workflows—including contract review, drafting, and obligation tracking—directly into Word and Cowork. The deployment features agentic workspace capabilities and integrates plugins from more than two dozen legal tech partners.

Harvey has acquired Aida, a sales engagement platform that specializes in automated data capture and provides digital twins for sales representatives. The deal marks Harvey's fifth acquisition of the year.

Microsoft launched Copilot for Legal, integrating more than 20 legal-specific skills directly into Word and its agentic workspace Cowork. The tool targets legal workflows like contract review and drafting, supported by plugins from over two dozen legaltech partners.