Ep 022: Elevate’s Acquisition of LexPredict, with Pratik Patel and Dan Katz

<p><span style="font-weight: 400;">In major legal industry news, global law company</span> <a href= "https://elevateservices.com/"><span style= "font-weight: 400;">Elevate</span></a> <span style= "font-weight: 400;">announced its acquisition of the legal AI technology and consulting firm</span> <a href= "https://www.lexpredict.com/"><span style= "font-weight: 400;">LexPredict</span></a><span style= "font-weight: 400;">. The move combines the comprehensive legal services offering of Elevate with the data science team and AI engine of LexPredict. With Elevate’s alternative services model and LexPredict’s cutting-edge technology, does this acquisition foreshadow the future of legal practice?</span></p> <p><span style="font-weight: 400;">In this episode of LawNext, we take a deep dive into the acquisition and what it means for the legal industry. Joining host Bob Ambrogi are two of the deal’s principles:</span></p> <ul> <li style="font-weight: 400;"><a href= "https://www.linkedin.com/in/pratikkpatel/"><span style= "font-weight: 400;">Pratik Patel</span></a><span style= "font-weight: 400;">, vice president of innovation at Elevate. Patel oined Elevate as part of the acquisition of RFx LEGAL Analytics in 2012, prior to which he served as a founding member and partner at RFx LEGAL. Earlier, he was a senior managing consultant at Huron Legal, where he played a key role in the rapid growth of Huron’s Legal consulting practice.</span></li> <li style="font-weight: 400;"><a href= "http://www.danielmartinkatz.com/"><span style= "font-weight: 400;">Daniel Martin Katz</span></a><span style= "font-weight: 400;">, cofounder and chief strategy officer of LexPredict, as well as</span> <a href= "https://www.kentlaw.iit.edu/faculty/daniel-katz"><span style= "font-weight: 400;">professor of law</span></a> <span style= "font-weight: 400;">at</span> <a href= "https://www.kentlaw.iit.edu/"><span style= "font-weight: 400;">Chicago Kent College of Law</span></a> <span style="font-weight: 400;">and director of Chicago Kent’s</span> <a href=