Back

Once-confident law firm Clearspire closes its virtual doors, but its software will go global

Home
Business of Law

Once-confident law firm Clearspire closes its virtual doors, but its software will go global

Jun 5, 2014, 04:03 pm CDT

Last year the virtual law firm Clearspire appeared confident of its future, touting plans to hire up to 100 lawyers a year for each of the next five years.

A little more than a year later, on May 15, the firm dissolved, Legal Times reports. Only 25 lawyers worked at the firm at the time of its closing. Clearspire will live on, however, in the form of a legal technology business.

Clearspire had kept legal fees low by hiring former BigLaw lawyers and connecting them with each other and their clients through virtual offices and videoconferencing. Business processes, technology oversight and commoditized legal work were handled by a sister company.

The technology business will be operated by an investor group led by Eyal Iffergan, who had developed Clearspire’s $5 million web-based platform for document management and social interactions, Legal Times says.

Clearspire’s website has news of the new venture. “We’re taking Clearspire to the next level with a mission to empower not a law firm but all law firms,” the website says. “We are actively working to ready our class-leading Legal Services Delivery Platform for you! Stay tuned to these pages in the coming weeks and months for updates on our global deployment of The Next Revolution!”

Related Articles:

The New Normal: “As lawyers learn to be integrators, who will be ‘the straw that stirs the drink?’”

ABA Journal: “Who’s eating law firms’ lunch?”

@LawScribbler: “Virtual law firm plans to multiply like magic”

The New Normal: “Getting Better Means Getting Closer–and Getting Out of Your Comfort Zone”

ABAJournal.com: “Legal Entrepreneur Forms DC Law Firm that Shuns Office Face Time and Lawyer Rainmaking”

Click here to view or post comments about this story