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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), an AI-enabled legal technology leader, has announced its plans to release second quarter 2024 financial results on August 8, 2024, after market close. The company will host a conference call and webcast at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day to discuss the 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 August 29, 2024, and a webcast replay will be available for 12 months on the company's investor relations site.
CS Disco, a leader in AI-enabled technology, has appointed Richard Crum as Executive Vice President and Chief Product Officer. Crum, who will officially join on July 15, 2024, will oversee DISCO's global product vision and transformation. He brings extensive experience from his previous roles at Emburse, Capital One, and Mastercard, where he led significant product innovations and developments. DISCO CEO Eric Friedrichsen expressed enthusiasm about Crum's appointment, highlighting his track record in driving product vision and innovation. Crum looks forward to contributing to DISCO's next stage of growth in transforming the legal industry.
DISCO reported total revenue of $35.6 million in the first quarter of 2024, marking a 7% increase year over year. The company also appointed a new CEO, Eric Friedrichsen, and introduced Cecilia AI features. Despite a GAAP net loss of $10.6 million, DISCO's software revenue grew by 9% to $29.9 million. The company aims for software revenue of $120.0 - $124.0 million for fiscal year 2024.
DISCO, a leader in AI-enabled legal technology, introduces Cecilia doc summaries, an AI tool that simplifies the analysis of complex legal documents for legal professionals. This free feature helps users quickly understand lengthy case documents, expediting review processes and enabling teams to focus on important themes within document sets.
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