Posted Jun 05, 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!”
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