Cs Disco Inc - LAW STOCK NEWS

DISCO (NYSE: LAW) has unveiled its new customer value proposition, 'With You in Every Case', highlighting the company's integrated approach combining AI-powered technology with professional legal services. The initiative emphasizes DISCO's capability to handle various legal matters through a flexible, scalable partnership model.

At the core of DISCO's solution is an AI-powered platform featuring Cecilia, their suite of generative AI tools. Notably, Cecilia Auto Review is achieving superior precision and recall compared to manual review. The platform continuously evolves based on customer feedback to maintain its competitive edge in the litigation technology landscape.

CEO Eric Friedrichsen emphasized that DISCO's unique strength lies in combining innovative AI-powered platforms with comprehensive professional services, enabling customers to effectively manage complex litigation matters across their lifecycle.

DISCO (NYSE: LAW), a litigation technology company, has announced the appointment of Tom Bogan to its Board of Directors. Bogan brings extensive experience in software technology, finance, and public company board membership. He currently serves on the boards of Workday and Aspen Technologies, and previously chaired boards at Citrix Systems and Apptio.

Bogan's background includes roles as CEO of Adaptive Insights, Avatar Technologies, and Pacific Data, as well as partnership at Greylock Partners focusing on enterprise software investments. The appointment comes as DISCO aims to expand its offerings for law firms and corporations. Simultaneously, Tyson Baber, who served on the board for six years and assisted during the company's IPO process, will be stepping down.

CS DISCO (NYSE: LAW) has achieved the top position in G2's 2025 Best Software Awards for Legal Products category. The recognition is based on authentic user reviews from G2's platform, which reaches 100 million buyers annually.

The company's success stems from its AI-enabled legal technology, particularly in e-discovery processes. Over the past 18 months, DISCO has launched six new generative AI products within its Cecilia AI platform, including Cecilia Q&A and Cecilia Auto Review, designed to handle complex legal data analysis.

DISCO's products received high scores for intuitiveness, workflow integration, professional services expertise, support functions, and customer training programs. The company will showcase its latest AI advancements at Legalweek 2025 in New York from March 24-27.

Baretz+Brunelle has acquired LexFusion, creating a powerhouse growth advisory firm for the legal industry. This strategic acquisition unites B+B's strong relationships with leading law firms and LexFusion's connections to in-house counsel, legal operations professionals, and legal technology companies.

As part of the transaction, LexFusion's three founders—Joe Borstein, Casey Flaherty, and Paul Stroka—have joined B+B as partners, with the entire LexFusion team being integrated into B+B. This marks B+B's first acquisition under CEO Mike McNamara, who joined last year from Dentons US.

The combined entity will deliver multi-dimensional growth support across all segments of the legal market: buyers and sellers of legal services, industry support businesses, and capital providers. LexFusion brings valuable expertise in legal innovation, an outsourced chief revenue officer model, and marketplace intelligence gathered through extensive industry connections.

LexFusion currently serves as an accelerator for several prominent legal tech companies including Agiloft, DISCO (NYSE: LAW), Factor, Fides, Hotshot, LegalBillReview.com, LegalMation, Litera, and Macro.

DISCO (NYSE: LAW) reported its Q4 and fiscal year 2024 results, showing modest growth. Q4 total revenue reached $37.0 million, up 4% year-over-year, with software revenue at $30.8 million (+5%). However, GAAP net loss widened to $25.2 million from $5.8 million in Q4 2023.

For full-year 2024, the company achieved total revenue of $144.8 million (+5% YoY) and software revenue of $120.1 million (+7%). The company's large customer base grew to 315, up from 289 year-over-year. DISCO introduced new features including Reproductions and document-level Bates numbering.

Looking ahead to 2025, DISCO projects Q1 total revenue between $35.0-37.0 million and full-year revenue of $145.5-157.5 million, with adjusted EBITDA expected between $(19.0)-$(15.0) million for the full year.

CS Disco (NYSE: LAW), an AI-enabled legal technology company, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 20, 2025, after market close. The company will host a conference call and webcast at 4:00 p.m. Central Time to discuss financial results and business highlights.

Investors can access the conference call by dialing (888) 300-4030 from the US or +1 (646) 970-1443 internationally, using conference ID 8394292. A live webcast will be available on DISCO's investor relations website. A telephone replay will be accessible until March 13, 2025, and a webcast replay will be available for 12 months on the company's IR website.

CS Disco (NYSE: LAW) announced its Q3 2024 financial results, reporting total revenue of $36.3 million, a 4% YoY increase. Software revenue reached $30.2 million, up 6% YoY. However, the company posted a GAAP net loss of $9.2 million compared to $1.0 million in Q3 2023 and an adjusted EBITDA of $(4.5) million, consistent with Q3 2023. CEO Eric Friedrichsen emphasized product innovation and AI-driven solutions as key differentiators. Recent initiatives include the addition of new executives and the launch of Cecilia Auto Review, a generative AI tool, in North America, the EU, and the UK. The company’s Q4 2024 outlook projects total revenue between $35.2 million and $37.2 million, with an adjusted EBITDA between $(7.6) million and $(5.6) million. For FY 2024, total revenue is expected to be in the range of $143.0 million to $145.0 million, with an adjusted EBITDA between $(22.0) million and $(20.0) million.

DISCO (NYSE: LAW) has appointed Lauren Caruso as Senior Vice President and Chief Sales Officer. Caruso, who previously served as VP of North American Sales at DISCO, returns to lead the Global Sales organization. Her focus will be on expanding relationships with leading litigation firms and corporations, driving adoption of DISCO's advanced generative AI and ediscovery solutions. CEO Eric Friedrichsen emphasized that Caruso's extensive knowledge of DISCO's products and the legal tech landscape will enhance sales team productivity and efficiency, aligning with the company's focused product strategy.

CS Disco, Inc. (NYSE: LAW), a leader in AI-enabled legal technology, has announced it will report its financial results for the third quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. The company will discuss financial results and business highlights in a conference call and webcast scheduled for 4:00 p.m. Central Time on the same day.

Interested parties can access the conference call by dialing (888) 300-4030 from the United States or +1 (646) 970-1443 internationally, using conference ID 8394292. A live webcast will be available on DISCO's investor relations website at ir.csdisco.com. A telephone replay will be accessible until November 27, 2024, and a webcast replay will be available for 12 months on the company's investor relations website.