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Trendspotting @ LegalTech

By Ari Kaplan
Like the rest of the community, I make my annual pilgrimage to LegalTech New York ('LTNY') to see old friends, gauge where technology has taken us and to gain insight on the direction in which we are headed. (I also go to replenish my swag. My favorite item is still the crisp two-dollar bill from Lex on Demand, but a few companies were making luggage tags from business cards, which I liked, and others were giving away flash drives, which I needed. And Kroll Ontrack Inc.'s 10-minute massage was a nice addition to the mix.)

Consolidation

Speaking of Kroll, their recent acquisition of TrialGraphix, along with Thomson Corporation's acquisition of Contact Networks and Iron Mountain Inc.'s acquisition of Stratify, was part of a larger buzz about consolidation. Some companies with long-standing leaders, such as Tom Burke at World Software Corp. (maker of Worldox), Ron Collins at Gavel & Gown Software Inc. (maker of Amicus Attorney) and Dan Berlin at Software Technology, Inc. (maker of Tabs3 and PracticeMaster), have remained independent, but 2008 should yield continued M&A activity in the sector. The question people were asking at the conference was: Do the combinations benefit the consumer?

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