RALEIGH — LexisNexis said Wednesday that it is accepting applications for the third cohort of the LexisNexis Legal Tech Accelerator. The program is designed to give start-ups a leg-up in the rapidly expanding legal tech industry and is conducted at North Carolina State University’s Centennial Campus and Menlo Park, California.
The accelerator uses LexisNexis expertise in legal, technology and start-up domains to advise and incubate program participants.
The accelerator is co-located in the Menlo Park, CA offices of Lex Machina and at the LexisNexis Raleigh Technology Center in Raleigh on the Centennial Campus of NCSU.
“After two successful cohorts, we are pleased to announce the next round of our Tech Accelerator,” said Jeff Pfeifer, Lexis Nexis vice president of product management in a statement.
“LexisNexis is a leader in legal market innovation and this accelerator supports broader innovation in legal community. Twelve companies have now completed the LexisNexis Legal Tech Accelerator program, with each continuing on a remarkable path of growth and evolution.” Two companies from the Triangle, including vTestify and Vigilent, participated in the Accelerator program in 2017.”
“Not only do you learn how to run a legal tech company from some of the best to do it, but the executive team is extremely well connected in Silicon Valley and can make introductions to people you never thought accessible,” said Ryan Alshak, CEO of Ping, a prior participant in the LexisNexis Legal Tech Accelerator and the 2017 American Bar Association Legal Tech Start-up of the Year. We are still reaping the rewards many times over.”
According to the announcement accelerator participants in the 3 month program will engage in a rigorous curriculum designed for early-stage companies in the legal market that includes:
“Tools: Access to cutting-edge tools and technologies from LexisNexis and Lex Machina
Mentorship: Weekly hands-on sessions with LexisNexis executives on growing legal tech companies, and ad hoc discussions with other LexisNexis executives about technology, user experience & design, product development, product marketing and other topics
Education: One-hour strategy sessions on a variety of topics, including marketing and selling to legal departments; running an agile product development organization; leveraging legal data; best practices in customer service, employee management, marketing and funding
Connections: Leverage relationships with Stanford and other Bay-Area schools, businesses, VCs and other influencers
Workspace: Space for up to four people inside the exciting Lex Machina offices in Menlo Park, CA or in the LexisNexis Raleigh Technology Center on the North Carolina State University Centennial Campus.”
Legal Tech Accelerator participants will be able to leverage the company’s established relationships with Stanford University, North Carolina State University, Silicon Valley businesses, VCs and influencers to grow their organizations.
“Lex Machina has deep roots in Silicon Valley and LexisNexis is embedded in North Carolina’s Research Triangle with offices on Centennial Campus at North Carolina State University,” noted Josh Becker, CEO of Lex Machina in the announcement.
“Being actively involved in Stanford University’s CODEX program, and having started as a special interest project at Stanford before spinning off as a start-up, we know first-hand the struggles that legal tech start-ups go through. The goal of our program is to directly address the unique market challenges of launching a company in the legal market.”
For more information, or to apply to the tech accelerator program, interested parties should email techaccelerator@lexisnexis.com.
