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European Union legal news
Where the regulation is written first.
- Fundraising
Legora is in talks to raise at a $10bn valuation
Legora is in early discussions with investors about new funding at a valuation of at least $10bn, according to the Financial Times, in a deal that could mix fresh capital with secondary share sales. That is close to double the $5.6bn it was worth after its Series D in March, and it follows reported second-quarter growth of 50 percent to $150m in annual recurring revenue. Nothing is signed and the terms may move, so this is the price the market is willing to discuss rather than a round that has closed.
- E-Courts
EU defers the AI Act's high-risk duties to December 2027
The Digital Omnibus on AI came into force on 27 July 2026 and moved the AI Act's high-risk obligations back: standalone Annex III systems now face them from 2 December 2027, and AI embedded in regulated products under Annex I from 2 August 2028. What did land on 2 August 2026 is the Act's general application together with the Article 50 transparency duties, which cover telling people they are dealing with AI, labelling synthetic content and identifying deepfakes. Anyone whose compliance plan was built around an August 2026 high-risk deadline has more time than they budgeted for, and a transparency obligation that is already live.
- Partnership
Kinstellar picks Laurel AI to automate lawyer timekeeping
Kinstellar has picked Laurel AI to capture billable time automatically for roughly 400 lawyers, with the rollout starting in early autumn and an upgrade to the Aderant Sierra finance system following later in the season. Firm leadership told Legal IT Insider the aim is to cut daily timesheet work from a few hours to 10 or 20 minutes and to shorten the time to cash cycle. This is a selection with deployment still ahead, not a system already in production, so treat it as a buying signal rather than a results story.
SourceLegal IT Insider
- Fundraising
Newcode raises $13.5M Series A for its AI harness
Newcode, a Norwegian company selling what it calls a configurable AI harness for law firms, has raised a $13.5m Series A to fund expansion into the United States. The round was led by OnDean Forward, the investment firm of Relativity founder Andrew Sieja, with Relativity's own Rel Labs, The LegalTech Fund and Antiportfolio Ventures also taking part. It follows a seed of roughly $6.5m in March, putting the company at about $20m raised across 2026.