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The New York and Toronto-based corporate law firm, Blackletter, launched using a proprietary operating system, with companies like Ada on its client list. It was founded by former Blue J executive Avi Brudner, and former Cohere engineering leads Jonathan Rosenbluth and David Stewart. Cohere co-founders Aidan Gomez, Ivan Zhang and Nick Frosst, and former head of Cohere Labs Sara Hooker, invested in the round, which Lerer Hippeau led. (The Logic)
Talking point: Blackletter CEO Rosenbluth said in a release that he plans to reject “the old law firm model” that’s designed for the benefit of partners, as Blackletter targets top talent for both its legal and engineering departments. The firm is betting its custom operating system will help its lawyers do case work more quickly and accurately than rivals with off-the-shelf systems. The round comes amid growing disruption in the legal sector. New York corporate law giant Weil Gotshal shocked the industry by collapsing this month, and several legal AI firms have ambitions to take over its assets.
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