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CS Disco, Inc. (symbol: LAW) is revolutionizing the legal technology landscape with its advanced software as a service (SaaS) solutions specifically designed by lawyers for lawyers. As a cloud-native platform powered by artificial intelligence, CS Disco simplifies the complexities of legal tasks such as discovery, document review, and case management for a diverse range of clients including enterprises, law firms, legal service providers, and government agencies.
More than 400 law firms, including 50 of the top AmLaw 200, have embraced Disco as their go-to solution for innovative legal technologies. These technologies not only enhance the practice of law but also help secure justice and drive successful case outcomes. The company’s core offerings include usage-based and subscription-based solutions. For usage-based contracts, customers are billed monthly based on their usage, while subscription contracts require customers to commit to a minimum data volume over a specified period.
CS Disco’s recent achievements highlight its growing influence in the legal tech sector. The company has continued to innovate, releasing updates and new features that cater to the evolving needs of legal professionals. With a strong financial position, CS Disco continues to invest in research and development, ensuring that its solutions remain at the cutting edge of legal technology.
Partnerships with leading law firms and consistent product enhancements underline CS Disco’s commitment to providing superior legal tech solutions. This has secured its place as a trusted partner in the legal industry, dedicated to automating and simplifying complex legal processes.
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.
DISCO (NYSE: LAW), an AI-enabled legal technology leader, has appointed Susan Garcia as General Counsel and Chief Compliance Officer, effective October 14, 2024. Garcia, previously General Counsel at WebMD, brings extensive experience in legal strategy, corporate governance, and risk management across various sectors.
CEO Eric Friedrichsen emphasized Garcia's forward-thinking approach and background in commercial software, positioning DISCO as a trusted partner in the evolving legal technology landscape. Garcia's experience as a DISCO platform user and her expertise in supporting legal and technology businesses are expected to contribute to DISCO's reputation for compliance, data privacy, and innovation in legal technology.
DISCO (NYSE: LAW) has officially launched its Cecilia AI Platform in the European Union and the United Kingdom. This platform offers generative AI-driven features to help legal professionals streamline the ediscovery process and handle large volumes of legal data more efficiently. Key features include Cecilia Q&A, Cecilia single doc Q&A, and Cecilia document summaries.
Cecilia AI aims to simplify fact-finding and accelerate document review, allowing attorneys to focus on high-value strategic work. Unlike general-purpose models, Cecilia Q&A answers questions based solely on the information within a customer's specific database. DISCO plans to introduce additional Cecilia AI tools and capabilities to the European market in 2025.
Illuma Labs, a leader in voice authentication technology for banking contact centers, has secured $9 million in Series A funding led by LiveOak Ventures, with participation from several other investors. This investment will accelerate the development of Illuma's voice verification solutions, addressing threats like fraud, voice cloning, and deep fakes.
The funding will also help expand Illuma's reach to more credit unions and banks nationwide. Early adopters TDECU and Connexus Credit Unions have reported significant benefits, including shortened call times by one minute on average and improved member service experience. Illuma has been recognized for its innovations in fraud prevention and AI technology, winning the CreditUnions.com award and being listed in Dallas Innovates' AI 75.
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