Today Fastcase and Ross Intelligence are announcing a content, research and development partnership which the founders expect to drive innovation for both companies. Fastcase which is celebrating its 20th anniversary has excently expanded beyond its primary law focus into analytics, legal news and secondary source publishing and alliances. Ross which made headlines with its A.I. search engine for legal research has recently launched its law school program and begun building alliances with bar associations and with Clio practice management software.
I interviewed Ed Walters CEO and Co- Founder of Fastcase about this new alliance. Walters describes this alliance in terms of a major market shift in the legal research and technology space. “In the 1990s the main way market dominance was building gigantic silos of data” epitomized by the Lexis and Westlaw platforms. According to Walters “The future will be owned by small, nimble companies that have inter-operable parts. The Fastcase-Ross alliance is about creating a new paradigm for the next 10 years.”
Ross will gain access to the Fastcase pipeline of case law, statutes and regulations across all 50 states. Walters described t he benefits of the alliance in the press release. Fastcase will benefit from Ross’s “trailblazing work in the field of natural language processing in machine learning. The partnership will enable Fastcase to collaborate on exciting new products and jointly create new solutions for unmet needs of the legal profession.”
Lexis and Westlaw (Thomson Reuters) invented the online legal research market and have dominated it for years.