Jean O’Grady
Bloomberg Industry Group has announced that the acquisition of Dashboard Legal, a project management and collaboration solution designed for law firms and in-house counsel. Like the majority of legal tech startups, Dashboard Legal by developed by a former ALM 100 attorney Mat Rotenberg, in a “there’s got to be a better way” moment.
I had a chance to talk with Rotenberg and Joe Breda, president Bloomberg Law. I was particularly fascinated to hear that Rotenberg had participated in large law “technology committees” which means not only felt the frustrations of of fragmented workflows as a practitioner, but understands the mechanics of legal tech decision making. Dashboard Legal was built to enable collaboration and to simplify and clarify workflows as well as maximize efficiency.
Dashboard Legal is positioned in the legal project management space. It provides team level, real-time visibility into the projects and tasks attorneys are responsible for executing. The acquisition expands Bloomberg Law’s presence within the legal workflow market, which it entered last year with the introduction of Bloomberg Law Contract Solutions, its AI-powered solution for storing, searching, drafting, and negotiating contracts. Although the founder was a transactional attorney the tools can be using across of wide spectrum of use cases including litigation projects.
Only two prior acquisitions. Bloomberg Law has done most of their development in-house. They have previously acquired only two other companies. The Bureau of National Affairs (BNA) in 2011 and . Exemplify in 2016, the technology that underpins Bloomberg Law’s Draft Analyzer.
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