NextLaw Labs invests in expertise building tool ProFinda
Dentons legal technology investment arm Nextlaw Labs has invested in AI-backed talent optimisation platform, ProFinda through its investment fund, Nextlaw Ventures. ProFinda helps organisations build up a map of skills, knowledge and expertise available across a firm or company, providing a “single view” of an organisation. The tool then enables employees to find expertise, create high performing teams and match subject matter experts to projects and clients in real time.
“The difficulty of matching the best subject matter expert with clients’ needs is a longstanding pain point in all professional services but specifically in the legal industry.” said Dan Jansen (pictured), CEO of Nextlaw Labs. “ProFinda has developed a solution to this problem that is faster and smarter than any other, and we believe the applications for this technology in a law firm environment are tremendous.”
Since launching in 2011, ProFinda has been featured at The White House and Davos and has users in 1,160 cities globally. ProFinda has also secured strategic partnerships across a number of professional services organisations including PwC, KPMG, Slalom and Deloitte.
“Nextlaw Labs’ investment is a massive endorsement of ProFinda’s position in the professional services market,” said Roger Gorman, CEO of ProFinda.