Source: PR Newswire
Factor, the market leader in Integrated Law, announced its acquisition of Theory and Principle, a specialized legal technology design and development agency. The purchase advances Factor’s strategic shift towards AI-first legal solutions, building on established momentum from 2024, during which Factor successfully deployed AI capabilities across multiple large, high-value legal use cases. This combination brings together Theory and Principle’s design excellence with Factor’s deep understanding of user needs to develop solutions that address real pain points in legal work.
“The acquisition of Theory and Principle marks a pivotal moment as we help legal departments navigate one of the most significant shifts in legal services. GenAI is reshaping how legal work gets done, and we’re uniquely positioned to help legal teams move beyond experimentation to integrate GenAI into their daily operations,” said Varun Mehta, Factor CEO.
Nicole Bradick, Theory and Principle CEO, said, “We have helped leading AmLaw 200 law firms, legal technology companies and others to innovate through the design and development of user-focused solutions. We are thrilled to be able to continue to serve our clients with the benefit of all of the resources that an organization like Factor has to offer, and to expand our focus to include corporate legal departments. Factor’s proven expertise in leveraging AI for the benefit of the in-house team plus our design and technical capabilities will allow us to double down on AI efforts, including bringing new next-generation solutions to market.”
Read the full article: https://www.prnewswire.com/news-releases/factor-accelerates-ai-push-with-acquisition-of-legal-tech-development-studio-302372670.html
