Nextlaw Labs expands portfolio with investment in Canadian legal tech startup FileFacets
March 16, 2017
Ottawa, Ontario, March 13, 2017 – Nextlaw Labs, the innovative legal tech venture development company launched by global law firm Dentons, today announced its investment in FileFacets, a data analytics and content migration software platform. The deal was closed through Nextlaw Labs’ investment fund, Nextlaw Ventures, in the company’s oversubscribed Series A financing led by Celtic House Venture Partners.
FileFacets provides an efficient way for law firms to identify case files across multiple repositories, offices and locations to facilitate the discovery process and share information between co-counsels. FileFacets’ cloud-based data analytics and content migration platform streamlines the process of identifying, collecting, and analyzing millions of unstructured files from multiple locations and moves them into structured file locations in a secure, automated, and documented manner.
“Data organization is critical to the success of any legal business and a major pain point for law firms is finding and sorting relevant information across the wide array of sources that are available in today’s digital environment,” said Dan Jansen, chief executive officer at Nextlaw Labs, “We are excited to be investing in a cutting-edge solution that addresses this issue head on, saving lawyers hours of digging through electronic files and conducting legal research by categorizing and prioritizing relevant content with FileFacets.”
“FileFacets was developed to solve for the specific challenges faced by the legal industry,” said Chris Perram, chief executive officer at FileFacets, “The onus of evaluating and processing thousands, often millions of files is a daunting task for any corporation. The FileFacets platform automates the categorization of data and the attribution of file metadata, enabling law firms to gather and process the necessary content in hours instead of weeks or even months.”
“We’re very pleased to be working with Nextlaw Labs and welcome their participation in FileFacets A round,” said David Adderley, partner at Celtic House Venture Partners, “Not only do they understand the problem space within the legal vertical, their endorsement of the FileFacets technology platform speaks directly to the confidence we share in Chris and his team.”
FileFacets is Nextlaw Labs’ third investment in the Canadian market since its launch in May 2015. The startup joins an elite group of legal technology innovators that includes:
For further information, please contact:
|Hazel Harding, Public Relations Specialist
Dentons Canada LLP
+1 613 783 9662
|Jennifer Nelson, Vice President, Marketing
+1 613 599 7433
Jonathan Chow, BD Manager
+1 415 882 0365
FileFacets provides sophisticated content analysis and intelligent content migration in a highly automated and scalable SaaS-based solution. The FileFacets Analytics platform identifies and processes Redundant, Obsolete, and Trivial data (ROT) as well as Personally Identifiable Information (PII), allowing businesses to find what they have, keep what they need, and protect sensitive data accordingly. The FileFacets Migration platform employs advanced clustering and predictive coding technology to automate the categorization of data and the attribution of file metadata. This enables organizations to quickly move unstructured content from virtually any repository or location to their environment. For more information, visit www.filefacets.com
About Nextlaw Labs
Nextlaw Labs is a business accelerator focused on investing in, developing and deploying new technologies to transform the practice of law. It is an autonomous, wholly owned subsidiary of global law firm Dentons with physical and virtual locations in technology centers worldwide. Through complementary and strategic partnerships with leading technology companies, startups, other business accelerators and established legal vendors, Nextlaw Labs will invest in promising companies and develop a suite of new technologies that fundamentally change the practice of law, improving client service and enhancing client solutions.
Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com