Nicholas (Nik) Reed has been named chief govt officer of contracts analytics and administration firm Knowable, after having been the corporate’s senior vice chairman, product and analysis growth since 2019.
Mark Harris, who had been Knowable’s CEO ever for the reason that firm was spun off from various authorized companies supplier Axiom in 2019, will assume the rule of chairman of the board of the corporate, which operates as a three way partnership with LexisNexis.
“Nik’s imaginative and prescient and deep experience in authorized know-how, and tailoring language-based AI to authorized use instances, make him the perfect chief to information Knowable into its subsequent chapter of innovation and development,” Harris stated in a press release on the corporate’s web site. “His background at authorized analytics powerhouse Ravel Legislation and expertise constructing our product over the past 5 years right into a trusted platform our shoppers are thrilled to make use of, uniquely positions him to capitalize on the great alternatives forward as authorized tech continues to quickly evolve.”
In 2012, Reed and his Stanford Legislation College classmate Daniel Lewis, now CEO of LegalOn, cofounded the authorized analysis firm Ravel Legislation, the place he was chief working officer. In 2017, LexisNexis acquired Ravel, and Reed grew to become vice chairman of product technique, main the mixing of Ravel’s visualization and analytics instruments into the LexisNexis authorized analysis platform.
In 2019, Reed left LexisNexis to affix Knowable. He had come to find out about it by means of the LexisNexis three way partnership, and was intrigued by the potential to construct the identical sorts of analytics round contracts that have been by then frequent in litigation, he instructed me on the time.
The story of Knowable traces again to 2000, when Harris and Alec Guettel based Axiom, a pioneering service to supply on-demand authorized expertise to company authorized departments, rising it into a significant authorized companies firm, whereas additionally creating know-how and managed companies arms.
In February 2019, whereas gearing up for a attainable IPO, Axiom spun off its know-how and managed companies entities into two new firms: Knowable, which targeted on utilizing machine-learning know-how to assist firms higher perceive their contracts, and Axiom Managed Providers, which later rebranded as Issue, and which gives individuals, processes and know-how to supply outsourced authorized assist to firms.
With the spin-off, Harris and Guettel moved to Knowable, with Harris as CEO and Guettel as CFO. In July, Knowable introduced that it had entered right into a three way partnership settlement with LexisNexis Authorized & Skilled, permitting Knowable to proceed to function independently, however with the advantage of LexisNexis’s assets and infrastructure.
Associated:
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/archetype/ZZJAZCVMVBCTRAZCBQBW6ILR3M.jpg?w=120&resize=120,86&ssl=1)
