Welcome to the Legal Techo Chamber Power Rankings – Round Three
Another month, another accounting of the most powerful #legaltech players in the industry. And–whew–what a past month!
For those of you waiting with bated breath last Monday for our updated rankings, sorry–it was a holiday. (I mean, this is fun, but not THAT fun.) And there were rumblings of some good reasons (250M of them) to hold the next power rankings for a few days.
But it was worth the wait. Without further ado, here are our September LTC Power Rankings:
| Power Ranking | Change | Name | Org | Comments |
|---|---|---|---|---|
| 1 | +16 | Avaneesh Marwaha | Litera Microsystems | Just a few short years ago, Marwaha was a mid-level executive at a Chicago-based systems integrator. Now he's CEO of a company that looks like it has a good chance to own the document-creation space and also corner the market on transaction management. Litera has clearly become Hg's favored vehicle for legal tech investment, which we expect to see a lot more of. Plus, we love the Doxly acquisition. |
| 2 | -1 | Cornelius Grossman | EY Law | |
| 3 | New | Jack Newton | There are 250 million reasons why Newton has rocketed up this list. Sometimes it seems like all the focus is on Big Law and the Fortune 500, the most room for growth may be smaller law firms serving small businesses and individuals. And Clio is already entrenched in the pole position and likely to dominate that market for years to come. | |
| 4 | -2 | Ben Meyer | HgCapital | |
| 5 | +20 | Joy Heath Rush | ILTA | In 2017, ILTA was as poorly led an organization as we'd ever seen, which considering who runs LegalTech (LegalWeek? - see what we mean?) and CLOC (whose top 3 "volunteers" paid themselvers a combined $480,000 that year). Last year, the Board finally got their act together and hired Joy Heath Rush to fix things. And she has. Not only was this year's ILTACON the best in memory - despite a venue everyone hated - but even their biggest critics love Joy. It's not a stretch to say that Joy Heath Rush has saved ILTA. |
| 6 | -1 | Neil Araujo | iManage | |
| 7 | -1 | Josh Baxter | NetDocuments | |
| 8 | 0 | Ed Walters | Fastcase | |
| 9 | New | Mark Harris | Axiom | Who needs an IPO when you can instead take a massive investment from Permira - a fund that knows more than a little about which companies in the legal space to bet on? |
| 10 | 0 | Eric Elfman | Onit | |
| 11 | -2 | Nick West | MDR | |
| 12 | 0 | Jae Um | Baker McKenzie | |
| 13 | -6 | Irish McIntyre | Thomson Reuters | |
| 14 | -10 | David Cambria | Baker McKenzie | |
| 15 | +3 | Mary O’Carroll | Google/CLOC | |
| 16 | -3 | Shruti Ajisaria | Allen & Overy | |
| 17 | New | Andy Klein | Reynen Court | App store for legal tech? Security standard? Containerized software? Standardized terms and conditions? All of the above? We're not sure anyone knows exactly what Reynen Court is, but on the heels of their beta launch, everyone is talking about it. |
| 18 | New | Dan Katz | LexPredict (Elevate) | |
| 19 | New | Jeff Pfeifer | LexisNexis | |
| 20 | 0 | Bill Henderson | IU Law | |
| 21 | New | Haley Altman | Litera | Did Altman sell too soon? Perhaps. But she's also put herself in position to absolutely dominate the transaction management space for years to come. We expect that she'll be running a lot more than Doxly very soon. |
| 22 | -3 | Jeff Marple | Liberty Mutual | |
| 23 | New | Gina Passarella | ALM | Happy 40th Anniversary to The American Lawyer. And kudos to Gina Passarella for keeping it relevant through its middle age. |
| 24 | -3 | Eddie Hartman | LegalZoom | |
| 25 | -10 | Noah Waisberg | Kira | |
| Fun While It Lasted... | ||||
| Dropped | Andrew Leaitherland | DWF | ||
| Dropped | Andrew Sieja | Relativity | ||
| Dropped | Brian Pecarelli | TR | ||
| Dropped | Serge Savchenko | OpenText | ||
| Dropped | Liam Brown | Elevate | ||
| Dropped | David Perla | Burford Capital | ||
| Dropped | Katie DeBord | Bryan Cave |