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Legaltech Rundown: Legal Services Provider Factor Announces the Launch of the Second Cohort of The Sense Collective
December 09, 2024
Factor's AI collaboration community, The Sense Collective, features in Legaltech News' latest 'Legaltech Rundown'.
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Factor Broadens its Co-Innovation Community and Launches AI Adoption Acceleration Initiative
December 05, 2024
Presswire: Factor, the market leader in Integrated Law, has launched the second cohort of The Sense Collective
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Press Release
Push into Legal AI: Factor Broadens its Co-Innovation Community and Launches AI Adoption Acceleration Initiative
December 04, 2024
Factor expands GenAI initiatives with the launch of The Sense Collective’s second cohort and the new Sensemaker Academy, driving innovation and AI adoption in legal teams.
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How AI is removing legal obstacles that slow down business
November 13, 2024
The Sense Collective, Factor's GenAI collaboration community, features in the Financial TImes' list of 20 initiatives that save time and money in everyday processes - including contracts and procurement
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Goldman, Google Back Legal Tech in $1 Billion Funding Rounds (1)
July 30, 2024
Factor's Ed Sohn discusses Clio's AI strategy and market position with Bloomberg Law, contrasting it with newer AI entrants like Harvey.
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AI Accuracy in Legal Research Remains in ‘Check Your Work’ Phase
July 18, 2024
Factor’s Ed Sohn features in Bloomberg Law discussing why focusing solely on retrieval can be risky for legal teams beginning their GenAI journey. While advancements are on the horizon, the full promise of GenAI's RAG approaches remains to be unlocked.
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When Site Start-Up Goes Wrong: 4 Contracting Pitfalls To Avoid
June 20, 2024
In a new article for Clinical Leader, Factor's Karl Dorwart explores four common pitfalls in clinical trial site start-up, with strategies to reduce delays, cut costs, increase standardization, and enable the faster commencement of more clinical trial sites.
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Generative AI’s Challenge to Legal Sector’s Alternative Providers
June 14, 2024
Factor’s Varun Mehta and Ed Sohn are quoted in the Financial Times discussing why GenAI tools will act as a catalyst for in-house legal teams’ demand for greater efficiency to do more work at higher speeds.
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Press Release
Factor Secures Band 1 Chambers Ranking for Second Year in a Row
June 12, 2024
Factor has received a Band 1 ranking in the Chambers and Partners NewLaw Guide 2024 for global contract lifecycle management for the second year in a row—recognizing Factor’s world-class portfolio supporting, enabling, and transforming complex transactional legal work for large multinational clients.
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How to Overcome Resistance to AI in Legal Ops
May 28, 2024
Today's General Counsel recaps Factor's CLOC Global Institute session on GenAI, featuring panelists including Sheila Dusseau, Jessica Jones Escalera and Ashley John.
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Innovating Beyond the Lab: The Critical Role of Contracting in Research
May 28, 2024
In a new article for Applied Clinical Trials, Factor's Ann Heidger Pequeño explores how efficient clinical trial contracting can accelerate the journey from lab research to market-ready products.
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Target Operating Models (TOM) Design: Why TOM is Critical for Legal Departments
May 28, 2024
In a new article for Legaltech Hub, Factor's Michael Callier discusses the integration of technology, people, and processes to enhance efficiency and client service in the legal industry. Explore the importance of a holistic operating model and the 7 critical attributes that drive value and performance.
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GenAI In The Derivatives Market: A Future Perspective
April 18, 2024
Factor's Tom Reynolds contributes to a new ISDA Future Leaders in Derivatives (IFLD) whitepaper which sets out guidance for industry stakeholders, regulators and technology providers seeking to harness the power of GenAI in transforming the over-the-counter (OTC) derivatives market.
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In or Out? - GenAI has Sparked Interest in Bringing More Legal Matters Back In-House
April 12, 2024
Factor's Ed Sohn is quoted in the ALM Morning Minute newsletter on how GenAI is just the latest innovation contributing to a building groundswell for doing more legal work internally.
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The AI Revolution Is Here. Who Will Be the Winners and Losers in Legal Services?
April 08, 2024
Factor’s Ed Sohn is quoted in Corporate Counsel about the impact of AI adoption on in-house legal teams.
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Factor, Top GCs Form Sense Collective to Create ‘Recipe Book’ for Corporate Gen AI Success
February 29, 2024
Integrated law company Factor joined forces with the general counsels of several global corporations to create The Sense Collective, a “collaboration community aimed at accelerating the adoption of Generative AI (GenAI) in the corporate legal realm."
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Leading General Counsel Team up to Support Generative AI Adoption
February 29, 2024
A collaboration spearheaded by Factor includes participation from executives at companies such as Microsoft, Intel, Adobe and Ford.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
February 29, 2024
Big Tech general counsel are launching a legal community aimed at accelerating the adoption of generative artificial intelligence in the corporate space.
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Microsoft, Ford GCs Among In-House Teams Collaborating on Generative AI Initiative
February 29, 2024
A group of general counsel from companies including Microsoft, Ford and Anglo American have banded together with alternative legal services provider Factor to launch an initiative to promote the use of generative AI in corporate legal departments.
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Factor, Big Tech GCs Form GenAI Learning Collective
February 29, 2024
Alternative legal service provider Factor announced it was launching a new legal community aimed at accelerating the adoption of generative artificial intelligence in the corporate space, with founding members from Microsoft, Adobe, Ford and others.
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Major Corporates Including Intel and Microsoft Launch GenAI Collective Facilitated by Factor
February 29, 2024
Several global general counsel launched The Sense Collective, a collaboration community aimed at accelerating the adoption of generative AI in the corporate legal realm. Founding members include Intel, DXC, Microsoft, Adobe, Crowdstrike, Ford, and Anglo American, with global alternative legal services provider Factor facilitating and hosting the community.
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Legal Managed Services Expert Joins Factor’s UK Leadership Team
February 28, 2024
Westlaw Today highlights Factor's U.K. and EU Growth with Investment in Experienced Leaders, with Daniel Marks, VP and U.K./Europe Market Lead, joining Alan Angell, VP, Global Banking & Capital Markets Industry Leader; and Isla Tucker, Delivery Executive, Financial Services in London.
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Press Release
Factor Bolsters U.K. and EU Growth with Investment in Experienced Leaders
February 15, 2024
Factor today announced Daniel Marks as VP and U.K./Europe Market Lead, joining Alan Angell, VP, Global Banking & Capital Markets Industry Leader; and Isla Tucker, Delivery Executive, Financial Services, on Factor’s fast-growing U.K. leadership team.
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Press Release
Trailblazing GCs Combine Forces to Spearhead GenAI Transformation
February 08, 2024
Global GCs and Factor announce today the launch of The Sense Collective, aimed at accelerating the adoption of Generative AI (GenAI) in the corporate legal community.
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Press Release
Factor Appoints Genpact Chief Growth Officer To Board of Directors
November 14, 2023
Factor today announced that Riju Vashisht, Chief Growth Officer at Genpact, will join its board of directors.
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Implementation of New State Data Privacy Laws Is the Perfect Time to Revisit Your Contracts
October 09, 2023
Factor's Sarah McAvoy purposes a solution to the operational nightmare of data privacy laws continually moving goalposts.
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The Future of Legal Blogging: Embracing AI While Ensuring Ethics and Security
September 27, 2023
Ed Sohn, Factor's Global Head of Capabilities is quoted in LexBlog with his reference to legal services innovation.
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Culture and Contracts: Two Pillars of Risk Management
September 26, 2023
Factor CEO Varun Mehta authors this piece featuring on Directors & Boards.
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Press Release
Generative AI Presents Opportunity to Reshape 80 Percent of Legal Spend, Factor Predicts
September 12, 2023
The white paper explores how large language models (LLMs), a subset of GenAI, creates a leadership opportunity for GCs – both through adoption in their legal departments and in providing strategic advice to the business they support.
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Corporate Legal Departments Start Embracing AI, Cautiously
August 21, 2023
Bloomberg Law mentions Factor and our Head of Capabilities, Ed Sohn. He is quoted in their recent article on the speed at which generative AI is evolving.
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Downturn Could Catalyze Welcome Change for In-House Counsel
July 28, 2023
Factor's Chris DeConti highlights how today’s in-house teams must take an honest look at themselves, and develop a ranking of how prepared they are to address complex legal work at scale.
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How Good Contract Management is Key to Navigating a Complex Regulatory Landscape
July 09, 2023
Factor's David Rawson opinion on the approach to contract management strategies that can significantly lighten the burden of increasingly complex regulatory obligations.
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How Contracts Can Insulate Life Sciences Companies From Supply Chain Strain
June 12, 2023
Factor's Karl Dorwart is quoted in SupplyChainBrain's article on how contracts can insulate life sciences companies from Supply chain strain.
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Press Release
Factor Notches Band 1 Chambers Ranking
June 14, 2023
Factor has earned a Band 1 ranking in the Chambers and Partners 2023 Alternative Legal Service Providers Guide for contract lifecycle management, recognizing Factor’s leading position among legal technology, Big Four and New Law companies.
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Mention
Legal Tech Rundown: Relativity and Microsoft Partnership, File Trail Tool Updates, and More
May 10, 2023
Legaltech news reports how Factor will add the LegalSifter Review Tool to to it's Integrated Contracting Platform.
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How CrowdStrike’s use of an ALSP shifted legal team’s mindset
May 01, 2023
Varun Mehta, Factor CEO, features in Legal Dive's article as he highlights the company's partnership with Crowdstrike.
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The Lawyer Awards 2023: Who’s made the shortlist?
April 26, 2023
Factor Law are shortlisted for Law Company of the Year 2023.
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Press Release
Factor Launches Partnership with LegalSifter
May 10, 2023
The partnership comes on the heels of a strategic investment into LegalSifter from Factor and Carrick Capital Partners, of which Factor is a portfolio company.
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Press Release
Factor Enters Into Exclusive Partnership With Global Counsel Leaders
April 13, 2023
The venture strengthens a unique community that helps corporate legal chiefs thrive and more effectively address complex business, legal, risk and compliance issues.
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New Demands and Expectations of Today’s General Counsel
February 22, 2023
E. Leigh Dance is the Executive Director of Global Counsel Leaders, a forum for exchange among in-house legal executives, powered by Factor. In March, Leigh will moderate a virtual event with Varun Mehta, CEO of Factor
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Mention
Legal Outsourcing Market: Who Benefits and What affects
March 17, 2023
The ALSPs have become a significant segment of the legal market, with a valuation of $20.6 billion, according to Thomson Reuters' Alternative Legal Services Providers 2023 Report. Examples of specialized service providers include Factor, LegalArmy, Axiom, Kalexius, IP Calculus, Deloitte Legal, and Elevate Services.
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How One Legal Leader Fights Costs While Increasing Value
March 10, 2023
Factor CEO, Varun Mehta is mentioned in reference to Integrated Law as well as Factor being highlighted regarding the ACC "Value Champion" Award.
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LegalSifter Receives Investment from Carrick Capital Partners
March 10, 2023
As part of the transaction, Carrick Co-CEO Jim Madden and Director Ivan Whittey will join the LegalSifter board of directors, along with Varun Mehta, CEO of Factor, a Carrick portfolio company that is investing alongside Carrick in the transaction.
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Carrick Capital Partners Invests in LegalSifter
March 10, 2023
Varun Mehta, CEO of Factor joins LegalSifters Board of Directors.
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Alt. Legal Services Co. Factor Hires Ex-Ankura Director
February 22, 2023
Alternative legal service provider Factor announced on Wednesday the hiring of a former senior managing director at Ankura Consulting Group and FTI Consulting to take on the role of Executive Vice President within the Company.
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Press Release
Factor Launches Integrated Contracting Platform Driven By Seasoned Growth Company Executive
February 22, 2023
Factor, recently named the Leading Integrated Solution Provider by the Financial Times, has appointed Jessica Block to its executive leadership team. As Executive Vice President of Market Solutions, she will design and launch Factor’s Integrated Contracting Platform, the unified set of capabilities underpinning the company’s services.
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Press Release
Association of Corporate Counsel Names Factor & CrowdStrike Value Champions
February 02, 2023
Factor, recently named the Leading Integrated Solution Provider by the Financial Times, was recognized by the ACC as a value champion for their partnership with global cybersecurity leader CrowdStrike.
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How the Legal Profession has Become a Complex Legal Ecosystem
January 21, 2023
Varun Mehta, Factor CEO, is quoted in The Barrister on providing/scaling specialized solutions.
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Press Release
Financial Times Names Factor The Leading Integrated Solution Provider
November 10, 2022
The Financial Times names Factor as the leading Integrated solution provider as part of their Accelerating Business Report.
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Press Release
Factor adds former GC/Big Law Partner as it launches Integrated Law™ Category
July 21, 2022
Factor announced today it has appointed Jonathan Pedersen as Executive Vice President, Global Practice Lead. He will oversee all of Factor’s engagements, managing technology-enabled teams integrated with legal and business stakeholders across Factor’s global client base.
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BT announces multi-year expanded partnership with managed legal services provider Factor
June 29, 2022
The multi-year arrangement will see Factor lead commercial contracting for procurement and sales across BT’s customer facing units, provide multi-lingual lawyers to support BT in negotiations, and work to improve efficiencies for the company’s legal team, such as using new technologies to reduce time to market and risk.
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No longer just contracts – BT expands managed services partnership
June 28, 2022
BT is renewing and expanding its partnership with global managed services provider Factor, in a “complete synergy” which had allowed the telecoms giant to outsource “more and more complex problems”.
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Factor + BT Expand Partnership, Create ‘Virtual Bench’ Team
June 23, 2022
Contract-focused ALSP Factor and telecoms giant BT have renewed and expanded their long-term managed services relationship. They have also created a special nine-person ‘virtual bench’ team that helps the company on a range of issues in addition to the main Factor contract service.
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Press Release
BT and Factor Break New Ground with Expanded Partnership
June 23, 2022
The new multi-year arrangement helps BT Legal ‘connect for good’ with its global stakeholders, clients, and suppliers.
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Mayer Brown, Factor, and Acadia launch flat fee tech + services EMIR derivatives offering
May 11, 2022
Mayer Brown, Factor and derivatives risk management services provider Acadia have launched ‘CAN Comply’ – a flat-fee service for the review and certification of compliance of derivatives executed under the European Market Infrastructure Regulation (EMIR).
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Factor, Mayer Brown and Acadia launch new tech-enabled service
May 11, 2022
Factor, the leader in solutions for complex legal work at scale, today announces the global launch of ‘CAN Comply’ together with Mayer Brown, a leading global law firm with a renowned derivatives practice, and Acadia, the leading provider of integrated risk management services for the derivatives community.
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Factor + Mayer Brown Launch Flat-Fee Compliance Service
May 11, 2022
In an interesting example of an ALSP formally partnering with a major law firm, Factor and US-based Mayer Brown, along with specialist financial risk group Acadia, have created a flat-fee service for derivatives compliance needs, known as CAN Comply.
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Mayer Brown, Partners Unveil Derivatives Compliance Service
May 11, 2022
Law firm Mayer Brown LLP, Factor and technology company Acadia introduced CAN Comply, a new tech-based service to simplify derivatives compliance.
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Press Release
Factor, Mayer Brown, and Acadia launch new tech-enabled service to simplify derivatives compliance
May 11, 2022
Factor is excited to announce the global launch of ‘CAN Comply’ together with Mayer Brown and Acadia.
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Legal Tech’s Predictions for Business of Law and ALSPs in 2022
January 07, 2022
2022 predictions continue with a look at what the year might hold in next-generation technology, legal operations, and contract review. Hear what Factor's Michael Callier has to say:
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How much of the legal services pie do ALSPS have? No one really knows
January 06, 2022
Factor welcomes our own Ed Sohn, Senior Vice President's contribution to the discussion surrounding ASLPs and their influence within the Legal Services space.
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Top 10 Procurement Predictions and Trends
January 04, 2022
Factor is thrilled to offer it's expertise as Procurement Magazine speaks to 10 leaders in the procurement industry for their insights and predictions for 2022.
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Legal Tech Adoption Jenga: BlackBoiler
August 30, 2021
Factor is pleased to share it's recent feature with BlackBoiler regarding legal technology adoption.
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Established or in hypergrowth mode? GCs will find a solution
September 06, 2021
Factor hosted a roundtable for in-house counsel to share ideas about solving the needs of tomorrow while grappling with today’s headaches.
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ALSPs Move to Offer Clients Tech Recommendations, But It’s Not an Exact Science
July 30, 2021
Ed Sohn, senior vice president, head of solutions at Factor offers his insights into ALSPs and their future.
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With Expansion, Lawyer Marketplace Priori Is Now Also A Legal Tech Marketplace
July 28, 2021
Factor connects with Priori Legal, a marketplace for in-house legal teams to find and hire outside counsel.
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Agiloft, Kira + BlackBoiler Join ‘Factor Connect’ Partnership
July 28, 2021
Factor has launched a new close partnership group that will initially see CLM Agiloft, Kira Systems, and doc review pioneer BlackBoiler, all join as part of its first cohort.
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Legal tech, law companies bet on collaboration with new partnerships
July 28, 2021
Factor and Priori both launching new legal tech and legal services networks
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The American Lawyer Announces 2021 Industry Awards Finalists
September 30, 2021
Factor is thrilled to be a finalist in The American Lawyer Awards
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Struggling To Retain Associates? ALSPs May Be A Non-Obvious Secret Weapon
July 20, 2021
Don't overlook the importance of good, career-advancing work.
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How Innovative Firms Are Harnessing Young Lawyers’ Ideas to Gain a Competitive Edge
July 12, 2021
From legal tech spinoffs to promising new practice areas, here are three firms encouraging young lawyers’ creative thinking and developing fertile ground for innovation in the process.
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Press Release
Factor Launches ‘Factor Connect’ Partnership Program to Accelerate Innovation
July 28, 2021
Continuing its mission to bridge the gap between New Law and traditional law, Factor announces first cohort of participating companies, including Agiloft, Kira and BlackBoiler
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Press Release
Factor Launches New Tech-Enabled Transaction Management Service for Law Firms
June 08, 2021
New Law capabilities create the blueprint for the future of transactional practice, driving law firm innovation and profitability
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Law.com: Former Allen & Overy Head Ballheimer Joins ALSP
March 26, 2021
The former global managing partner at Allen & Overy is joining the firm's board of directors with an aim to facilitate more partnerships between the ALSP and law firms.
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Artificial Lawyer: Former A&O Managing Partner, Andrew Ballheimer, Joins Factor
March 26, 2021
In what is one of the biggest legal sector moves in years, Andrew Ballheimer, the global managing partner of Allen & Overy up until October last year, has joined the board of process-focused legal group Factor.
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Law360: Ex-A&O Managing Partner Joins Alt. Services Provider
March 26, 2021
Alternative legal services provider Factor said Thursday that Andrew Ballheimer, a former managing partner at Magic Circle firm Allen & Overy LLP, has joined its board of directors.
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Press Release
Andrew Ballheimer, Former A&O Global Managing Partner, Joins Factor Board of Directors
March 25, 2021
Factor bridges the worlds of traditional law and New Law with notable law firm leader on board
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ALSP Factor Reflects On First Year Since Rebrand
March 18, 2021
Factor's Head of Strategy, Chris DeConti, speaks with Steven Lerner at Law360 on Factor's First Year Anniversary as an independent company.
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With Limited Talent Pool, ALSPs Might Have Hiring Advantage Over Big 4
March 18, 2021
The velocity with which ALSPs can move the hiring process as well as their growing prestige within the legal industry could make them more of an appealing prospect for legal talent.
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Press Release
A Year of Growth: Factor bridges the gap between traditional law and New Law
February 11, 2021
Legal managed services provider focus on complex legal work at scale validated by the market in the first year of relaunch.
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Benchmark Reform: The Rosetta Stone for New and Old Law
January 11, 2021
Chris DeConti, Head of Strategy at Factor, explores the difference between ‘old’ and ‘new’ law and how they are highlighted in benchmark reform.
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Mention
Legal Tech’s Predictions for Business of Law and ALSPs in 2021
January 07, 2021
Many attorneys, technologists and legal experts expect continued change in the legal ecosystem in 2021. But it's not just alternative legal service providers—it's how law firms and corporate legal departments fundamentally interact with their data, their people, and even each other.
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Legal Tech’s Predictions for Legal Technology Innovation in 2021
January 04, 2021
Attorneys and legal technologists see 2021 pushing the trends brought on by remote work even further, with AI and analytics continuing to grab attention. Here's what they're watching out for in the new year.
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Legal Tech’s Predictions for E-Discovery in 2021
December 28, 2020
No in-person review? No problem. Lawyers and legal technologists make their predictions on how the move to remote work, the proliferation of collaboration platforms, and more will affect e-discovery in 2021.
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The New Market: A Look Back At ALSP Hires of 2020
December 22, 2020
Law firms and in-house aren't the only career paths for legal professionals. Here's a look back at some of the tech talent ALSPs hired this year.
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An Overview of the New Central Securities Depository Regulation
December 15, 2020
Factor’s Chris Magee illuminates a new EU regulation, discussing what organizations are impacted and what they can do to meet their compliance obligations.
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Out of Office: Keeping Our Offices Excelling While We Weren’t In Them
December 15, 2020
Sandy Devine, Chief Commercial Officer at Factor, explores how firms have maintained continuity in a radically altered business environment.
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2021 Predictions: The Market View
December 14, 2020
Even beyond the impacts of the pandemic there have been plenty of significant changes in the legal tech sector and across the legal world as a whole. But what of next year? What will 2021 bring? Artificial Lawyer asked a range of experts what they think will happen next.
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Tech is revolutionizing the old-school legal industry. How law firms are partnering up to cut costs and the startups set to benefit.
November 27, 2020
Originally published in Business Insider.
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How Big Law firms like Baker McKenzie and Polsinelli are teaming up with legal tech companies to battle increasing competition in the market
November 25, 2020
Originally published in Business Insider.
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Legal Co. Factor Taps NewLaw Vet For New Consulting Arm
November 17, 2020
Originally published on Law360.
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Factor’s New VP Has Advice for ALSP Competing With Firm Captives: ‘Stay the Course’
November 16, 2020
Originally published in LegalTech News.
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Press Release
Factor Welcomes Legal Operations Leader Michael Callier as VP, Head of Solutions and Consulting
November 16, 2020
The addition of Callier comes as Factor addresses market need for solutions to real problems through assessment, frameworks to develop a path forward
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Press Release
Factor continues expansion and coverage of Enterprise clients with recent funding and new hires
October 21, 2020
Factor is delighted to announce a significant expansion of the company’s legal market coverage for corporate clients in industries where contracting functions serve in a central role as a strategic business enabler.
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Factor Names Retired Deloitte Vice Chair Carol Lindstrom to Its Board
October 12, 2020
Originally published in LegalTech News.
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Factor Continues to Diversify Its Leadership
October 12, 2020
Originally published on TechLaw Crossroads.
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Factor Adds Ex-Deloitte Consulting Vice Chair, Lindstrom
October 12, 2020
Originally published on Artificial Lawyer.
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Press Release
Carol Lindstrom, Former Vice Chair of Deloitte, Joins Factor Board of Directors
October 09, 2020
Lindstrom Brings Decades of Expertise in Building Technology Businesses and C-level relationships as well as Extensive Experience on the Boards of Major Firms and Non-Profits
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Factor’s Community Care Initiative
October 08, 2020
Last month, we talked about how we're Converting Factor's Diversity Commitment to Action. Today, we wanted to provide an update on one of our early actions: Factor's Community Care Initiative.
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A Different World: For Attorneys, It’s Not the Same Job at an ALSP
October 07, 2020
Originally published on LegalTech News.
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