Clio wanted to create “a huge incentive for innovation in legal technology”
Cloud-based legal platform Clio said it will give a $100,000 prize to one of five other legal-technology companies.
The contest — which includes a pitch competition on Oct. 21 for about 1,500 conference attendees — is designed to create “a huge incentive for innovation in legal technology,” said Jack Newton, CEO of the Canada-based company.
One of five finalists, picked out of 60 submissions, will get the prize, although all entrants will be part of an app directory for 150,000 customers, said Clio’s announcement.
The five companies are: Casetext, Community.lawyer, FirmTRAK, Heymarket and WiseTime.
According to Clio: Casetext uses artificial intelligence for legal research; Community.lawyer automates client intakes and documents so firms can create “Turbotax for X;” FirmTRAK creates a visual “dashboard” of data about the firm’s growth; Heymarket creates trackable business text messages with the firm’s contacts; and WiseTime tracks lawyers’ work and allocates it to the correct matter.