Source: EIN Presswire
Legal Automation Group, LLC, doing business as MyLegal® announced that it has reached an agreement in principle to acquire the source code for Leaflet Corporation’s cutting-edge technologies. The acquisition includes Leaflet’s full-featured Contract Lifecycle Management (CLM) and patented document generation solutions, Gen AI and large language model based AI Agentic frameworks and knowledge repository technologies, as well as its advanced Document Management System (DMS).
“The acquisition of Leaflet’s source code represents a tremendous milestone for the company,” said Jim Tate, CEO & Co-Founder of MyLegal. “This enables us to fully realize our vision of a unified solution that eliminates technology silos, reduces cost, and delivers value more quickly. Whether a legal department is just starting out or already mature, an all-in-one approach has become a strategic imperative to optimize department operations. Combining Gen AI, a CLM and a DMS that rival or exceed capabilities of other leading solutions, uniquely positions MyLegal as a must-have technology platform.”
Sam Muthusamy, Founder & CEO of Leaflet Corporation, added: “After three years of delivering unrivaled legal department solutions together, as an OEM partner, we are excited to integrate our technologies with MyLegal’s best-in-class legal department platform. By combining CLM, Gen AI, and DMS with MyLegal’s Legal Front Door and Enterprise Grade Automation capabilities, we will empower GCs and CLOs to achieve their core objectives – efficiency and productivity gains, best-in-class service delivery, and significant cost savings over multi-vendor approaches.”
As part of the transaction, the Leaflet team is joining forces with Legal Automation Group/MyLegal, with Mr. Muthusamy stepping into the role of Chief Technology Officer (CTO). “Our engineering team complements MyLegal’s development expertise, while MyLegal’s strengths in marketing and sales amplify our ability to scale quickly,” said Muthusamy. “Together, we are poised to transform how legal operations leaders drive efficiency, productivity, and measurable impact across their departments.”
Read the full article: https://www.einpresswire.com/article/845191334/mylegal-acquires-leaflet-source-code-to-create-the-industry-s-only-unified-legal-tech-platform
