Legal, IT, Telecommunication

Quoth the RAVN: How iManage’s RAVN Acquisition Will Affect the Legal Market

ILTA KM

By Joshua Fireman and Ron Friedmann, Fireman & Company 

The document management, search and AI spaces have seen accelerated activity and innovation over the past two years. iManage’s acquisition of RAVN, announced May 24, 2017, brings these three streams together. Integrating all three categories into a single product likely will have a significant impact well beyond the deal. We discuss here the potential impact on document management (DM), search and artificial intelligence (AI), and how this new platform approach validates both emerging and maturing trends. For context, we start with an overview of how the market arrived at this point.

A Decade of Change: Trends in Legal Tech

After years of relative inactivity on the vendor side in both search and document management, we now see a generational, if not a once-in-career, shift in the market. Many factors have led to this major point of inflection.

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