LexisNexis Completes Its First Accelerator Program for Legal Technology Startups, and Issues Call for a New Group of Applicants
MENLO PARK, Calif., Aug. 24, 2017 /PRNewswire/ -- After the successful completion of its first 12-week accelerator program for startups in the legal technology space, LexisNexis today announced a call for a new round of applicants interested in participating in its second legal accelerator program. The new program begins on September 15, 2017. If selected, participating startups will receive hands-on mentoring, enjoy access to cutting-edge tools, technologies and data, and will have the use a workspace within an award-winning legal tech startup in the Silicon Valley for up to three months for three people. Interested companies should email a one pager to aoh@lexmachina.com.
Based in the Menlo Park, CA offices of Lex Machina(TM), the accelerator program was conceived as a vehicle to give startups a leg up in the rapidly expanding legal tech industry, and was launched in April 2017. Participants in the accelerator program receive the guidance of mentors with deep expertise in the legal, technology and startup domains, and benefit from the industry-leading market positions of LexisNexis and Lex Machina. Once again, the program will be led by Lex Machina CEO Josh Becker and LexisNexis' Chief Product Officer, Jamie Buckley, Vice President of US Product Management, Jeff Pfeifer, Chief Technology Officer, Jeff Reihl, and Lex Machina Chief Evangelist, Owen Byrd.
Topics covered in the curriculum include technology and product development; running an agile product development organization; building a strong company culture; selling to legal departments and law firms; leveraging legal data; and best practices in customer success, marketing and fundraising. Participants in the program gain access to a vast collection of enriched legal data and cutting-edge tools and technologies from LexisNexis, and are able to leverage the company's established relationships with Stanford University and other leading Bay Area schools, businesses, VCs and influencers to grow their companies.
The call comes on the heels of the successful completion of the inaugural accelerator program that began in April 2017. The inaugural accelerator participants - Visabot, TagDox, Separate.us, Ping, and JuriLytics - were selected from a list of 40+ promising startups for the innovative nature of their businesses and their unique use of technology in the legal space. Program participants provided the following feedback on their experience:
-- "The accelerator did exactly what the term says: it accelerated our
efforts towards finding a product-market fit. LexisNexis was a true
collaborator with us during the entire process. Best of all, the program
gave us access to the top minds in this area from which we will be able
to launch new partnerships and gain access to resources we would not
have gotten otherwise." - Amit Lakhani, Co-founder and President,
JuriLytics
-- "The LexisNexis accelerator program was unique because of their deep
knowledge of the law. Through the program, we were able to learn new
ways to market specifically to the legal industry. It was also very
helpful to us to learn best practices from people with a wealth of
experience in sales and other disciplines." - Eli Luzac, CEO, TagDox
-- "Learning how to start a legal tech company from inside a legal tech
company is the only way to do it. The speakers have all been incredibly
gracious with their time and insight. We really couldn't be happier with
what we got out of the experience." - Ryan Alshak, CEO, Ping
-- "The accelerator has been instrumental in providing useful guidance that
is industry-specific to legal. We got to know who the target audience
is, and now we know who exactly to sell to. The team at Lex Machina is
first-rate and they really care about helping us to succeed." - Sandro
Tuzzo, Founder and CEO, Separate.us
-- "The LexisNexis accelerator program gave us hands-on practical advice to
accelerate our growth in the legal market. Thanks to access and advice
from executives at LexisNexis, we were able to focus our product and
sales development to sell to lawyers - our target audience. The program
boosted our legal and legal tech network. We also got a better
understanding of ways to sell products to law firms." - Andrey Zinoviev,
Co-founder and COO, Visabot
"Our vision for the tech accelerator program was to identify some of the best and brightest legal tech startups, contribute to their early success, and then watch as their innovative technologies and vision transform the way law is practiced," said Josh Becker, CEO of Lex Machina. "After observing the deep engagement and intense collaboration between participants and mentors, I'm pleased to say the program has exceeded expectations so far, and we're excited to have the opportunity to select a new group of participants in the near future. We look forward to watching these dynamic organizations grow, prosper and make important contributions to the legal industry in the months and years to come."
About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. LexisNexis Legal & Professional, which serves customers in more than 175 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.
About Lex Machina
Lex Machina's award-winning Legal Analytics® platform is a new category of legal technology that fundamentally changes how companies and law firms compete in the business and practice of law. Delivered as Software-as a-Service, Lex Machina provides strategic insights on judges, lawyers, parties, and more, mined from millions of pages of legal information. This allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Lex Machina was named "Best Legal Analytics" by readers of The Recorder in 2014, 2015 and 2016, and received the "Best New Product of the Year" award in 2015 from the American Association of Law Libraries.
Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading information provider and a pioneer in delivering trusted legal content and insights through innovative research and productivity solutions, supporting the needs of legal professionals at every step of their workflow. By harnessing the power of Big Data, LexisNexis provides legal professionals with essential information and insights derived from an unmatched collection of legal and news content--fueling productivity, confidence, and better outcomes. For more information, please visit www.lexmachina.com.
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