Dentons’ NEXTLAW Labs takes stake in legal spend startup Apperio

It is the latest in what is expected to become a series of investments in tech start-ups by the Dentons subsidiary, having last year backed ROSS Intelligence, a legal adviser app powered by IBM Watson.

Apperio produces a smart-analytics dashboard that gives law firms and client’s real-time data on legal fees and enables clients to monitor their legal spend at an overall or matter level. Nextlaw Labs and Apperio will work together to streamline matter management, track legal spend in real time and standardize the legal tender process.