Software vendors across the world are embracing the software-as-a-service (SaaS) cloud-based business model in growing numbers. According to Software Equity Group, SaaS software revenues will likely represent about 25 percent of the overall software market in the next five years. Research firm Gartner estimated that global spending on SaaS will reach $22.1 billion by 2015.
Continue reading “How the SaaS Business Model Increases Company Valuations”
Legal protection for ideas and inventions is a matter of civil torte law in the United States. The law only allows you to sue for compensation if you discover a violation of a copyright or patent violation. Vigilance is how to legally protect your business idea under the law.
Businesses go to great lengths in the name of security. They lock their offices when they leave for the day. Valuable equipment and sensitive documents are kept under lock and key. But are you leaving your most valuable assets unprotected?
As a small business, you have to approach things differently than larger companies in your field. But that doesn’t necessarily have to be a disadvantage. While big businesses have considerable resources to draw from for projects, they can also be the victim of an entrenched mindset that can prevent new and innovative thinking. Here are some ways that small businesses can succeed at winning an unfair game.
In this space, we’ve talked a lot about what intellectual property (IP) is and its importance to businesses. But sometimes it’s helpful to get clarity by looking at things from a different perspective – in this case, what doesn’t qualify as your intellectual property.
We often write and discuss what we here at Traklight believe to be the biggest or most common intellectual property (IP) and risk issues facing entrepreneurs, but such an endeavor is inherently presumptive. That’s why it’s great to hear real issues and questions that people are tacklihg in their businesses. During Mary’s recent SCORE webinar “IP 101” attendees had so many questions there wasn’t time to address them all in the allotted time. And as someone who was exceedingly reticent in school, I can safely say that for everyone who asked a question, there are those who shy away from asking for fear of embarrassment, of asking the dumb question. So for the benefit of those who prefer to get their answers from blogs and articles, I’ll be answering those questions over a series of posts.
In the first part of the sereis, we began tackling the questions posed by the attendees of our recent SCORE webinar, “IP 101.” Today, we’ll delve even deeper into the many queeries posed by the audience.
“In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.†–-Charles Darwin
Law firms, legaltech companies and entrepreneurs join collaborative effort to kickstart innovation, showcase resources and share emerging technologies for the legal industry.
NEW YORK (September 21, 2015) ÂÂ Evolve Law, an open membership organization focused on driving technology innovation and adoption in the legal industry, today announced the launch of its new online community and website, designed to promote collaboration between entrepreneurs and law firms and attorneys, and speed adoption of new technology. There are 20 founding members of the Evolve Law community including Alt Legal; Avvo; Clio; CrowdLaw; CuroLegal; Domain Skate; Davis Wright Tremaine LLP; eBrevia; FactBox; Good2bSocial; Hire an Esquire; Hotshot Legal; IntheBenches; LawLytics; Legal Hero; NextGenJustice; Patdek; Privileged Communications; Traklight; and Valcu.
As part of its launch, Evolve Law will host two East Coast events: Boston Evolve Law: “Investment in Legal Technology†on Sept. 30, at Suffolk University Law School; and NYC Evolve Law: “Big Data in the Legal Industry†on Oct. 1 at Benjamin N. Cardozo School of Law. To learn more, visitwww.evolvelawnow.com/events/.
“First and foremost, our goal is to catalyze the exchange of ideas between legal technology developers and potential users by creating a vibrant and active digital community,†said Mary Juetten, co-founder of Evolve Law and CEO of Traklight. “We believe that, working together, entrepreneurs, lawyers, inÂ-house counsel, law schools, law firms and legal service providers can significantly accelerate the pace of innovation in the industry.â€
“We are excited to be the first law firm to join Evolve Law’s community,” said Jay Hull, Davis Wright Tremaine’s Chief Innovation Officer. “Supporting those who are moving the legal profession forward by embracing and leveraging new technologies is important, and we look forward to others joining us.“
“Leveraging technology as a tool to increase access to the law is what Avvo is all about, and we believe that technology adoption within the legal community is critical to improving access to legal services for people everywhere,” added Dan Lear, Director of Industry Relations for Avvo.
As part of its online offerings, Evolve Law will expand its online Legal Tech ToolKit to showcase innovative products and serve as a resource for attorneys, firms and departments seeking to extend use of technology in their businesses and practices. The growing marketplace also serves as a point of entry for startups and small technology companies introducing new approaches and ideas to the legal industry.
“It’s no secret that the legal industry has been slow to change,” said Jules Miller, co-founder of Evolve Law and COO of Hire an Esquire. “By raising awareness of developing technologies, products and services, we can help the legal industry become more agile and move faster to keep up with business needs, other industries and most importantly, client demands.“
About Evolve Law
Evolve Law is a membershipÂbased organization specializing in driving innovation in legal technology. Founded in 2015 by Jules Miller of Hire an Esquire and Mary Juetten of Traklight, Evolve Law is building a community of legal industry innovators across the U.S. and Canada. For more information on Evolve Law, please visit www.evolvelawnow.com.
Welcome back to our series answering the questions you want answered (or perhaps the questions you didn’t think to ask.)