New Zealand legal tech company LawVu has bought out a Belgian firm called ClauseBase. This acquisition aims to boost its artificial intelligence tools for contract work. LawVu's CEO Sam Kidd called it a move toward a complete AI platform for legal teams. The deal values the combined entity at two hundred twenty million dollars.
The purchased software helps in-house lawyers draft and edit agreements quickly. It will be renamed LawVu Draft after the merger. LawVu's current platform manages various legal operations like contracts and casework for clients such as Estee Lauder and Arsenal Football Club.
LawVu, which got a major funding injection a few years back, has offices in several countries, including the United States and Australia. The company did not disclose the purchase price for ClauseBase.
The purchased software helps in-house lawyers draft and edit agreements quickly. It will be renamed LawVu Draft after the merger. LawVu's current platform manages various legal operations like contracts and casework for clients such as Estee Lauder and Arsenal Football Club.
LawVu, which got a major funding injection a few years back, has offices in several countries, including the United States and Australia. The company did not disclose the purchase price for ClauseBase.
