Spencer Trask & Co. Venture Fastcase Merges with Legal Intelligence Platform vLex
NEW YORK, April 4, 2023 /PRNewswire/ -- Advanced technology development firm Spencer Trask & Co. today announced the merger of Fastcase with vLex in a transaction funded by private equity firms Bain Capital and Oakley Capital. The new venture provides a combined 3.8 million users in over 100 countries with smart access to the most extensive collection of legal and regulatory information in the world.
- Spencer Trask & Co. Chairman, Kevin Kimberlin
Spencer Trask & Co. was the first institutional investor in Fastcase and its largest shareholder. - "We are really proud to see Fastcase take its mission to the global stage," said Spencer Trask & Co. Chairman, Kevin Kimberlin .
- "Artificial intelligence and data analytics technology, used routinely elsewhere, will be demanded by discerning legal clients in the future," said Ed Walters, Fastcase co-founder and CEO.
- "From the beginning, Spencer Trask supported our mission to democratize the law in the United States.