ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Filevine Acquires Parrot, Expanding AI-Powered Legal Capabilities and Deposition Services

SALT LAKE CITY, UT, April 23, 2025 (GLOBE NEWSWIRE) -- Filevine, the leading legal work platform trusted by over 150,000 legal professionals, today announced the acquisition of Parrot, the full-stack platform for transcribing, scheduling, and managing depositions. This marks Filevine’s third strategic acquisition, reinforcing its mission to deliver a “single pane of glass” where legal professionals can manage, track, and complete every aspect of their cases.

“This acquisition is a pivotal leap forward in our mission to redefine legal work,” said Ryan Anderson, CEO of Filevine. “We’re not just accelerating—we’re transforming how legal professionals operate. By uniting proprietary technology, premium services, and AI into a single, integrated platform, we’re empowering teams to move faster, think bigger, and lead the industry into a new era. The future of legal work isn’t coming—it’s being built right here, right now.”

Parrot was born out of necessity by Eric Baum, a Florida Special Victims Unit prosecutor frustrated by the slow, overpriced, and outdated world of legacy court reporting—an industry still operating like it was pre-internet. He teamed up with his brother Bryan Baum, a tech entrepreneur and investor, and technologist Tomas Scavnicky to co-found Parrot: a faster, smarter alternative. They built proprietary speech recognition technology that delivers near-instant, high-accuracy transcripts synced to audio and video—paired with clear, transparent pricing and no hidden fees.

A year later, CEO Aaron O’Brien was brought in to scale the vision. Together they built Parrot, which has become the platform of choice for attorneys, investigators, and insurers—now offering advanced features like automated deposition summaries and medical records review—helping professionals save time, cut costs, and win more cases.

Parrot has emerged as a standout in legal tech for its advanced deposition tools, including livestream and instant transcript capabilities, editable video clips, and AI-generated narrative, page:line, or topic-based summaries. The platform also offers automated medical record summarization, complete with linked timelines and documents. Designed for security and scalability, Parrot is compliant with HIPAA and SOC 2 security controls.

With this acquisition, Filevine extends its footprint into remote deposition services, transcript automation, and medical record management—three of the most time-consuming and costly areas in litigation.

“We built Parrot to empower litigation teams with the speed and precision they need to win cases,” said Aaron O’Brien, CEO of Parrot, who joins Filevine along with his 40+ person team. “Joining Filevine lets us bring our mission to life on a larger scale, combining our product-forward DNA with Filevine’s powerful platform and community of legal professionals.”

O’Brien brings executive experience from Uber and Facebook, and his team adds depth to Filevine’s culture of innovation and customer focus. With the addition of Parrot, Filevine now delivers the strongest combination of AI, service, and workflow in the legal market—serving both plaintiff and defense firms, government and in-house legal teams with unmatched efficiency, insight, and scalability.

"We're building something far more transformative than a typical feature expansion—we're creating an intelligent ecosystem for your depositions and associated documents, eliminating the manual handoffs that have plagued legal workflows for decades," commented Dr. Cain Elliott, Chief Legal Futurist at Filevine.

Service integration with Parrot will be available to Filevine customers in the coming weeks, with full feature access and workflow support. This acquisition also paves the way for expanded AI offerings through Filevine Depo Copilot and Filevine Early, delivering an end-to-end legal experience that’s intelligent, intuitive, and integrated.

For more information about Filevine and its solutions, including Parrot, visit filevine.com.

# # #

About Filevine
Filevine is transforming the way legal work gets done for law practitioners and their clients. As the leading legal work platform, Filevine is dedicated to empowering organizations with tools to simplify and elevate complex, high-stakes legal work. Filevine powers everything from document management and client communication to contract lifecycle management and business analytics. Over 150,000 legal professionals use Filevine daily to deliver excellence in every contract, deadline, and result. Filevine is recognized on the 2022 Deloitte Technology Fast 500 and Utah Business Fast 50 lists, is a 2022 Top Workplace USA winner, and is among the fastest-growing companies on the Inc. 5000 list.

About Parrot
Parrot is a AI-powered platform founded by technologists and legal experts and purpose-built for the legal and insurance community. It helps attorneys handle cases faster and more efficiently by providing AI-generated, synced deposition transcripts and summaries.

Learn more at www.parrot.us

Attachment


Ashley Marcos
Firecracker PR for Filevine
ashley@firecrackerpr.com

Alba Caccavale
Firecracker PR for Filevine
alba@firecrackerpr.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.