Thomson Reuters – Attorneys starting a law firm after working for others need to begin with a vision that encompasses the types of legal services they will provide, the way they will relate to clients, and how much they expect to earn from their business. A well-thought-out vision and a realistic law firm business plan […]
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Clifford Chance – Artificial intelligence (AI) is growing at a phenomenal speed (think, for example, of driverless cars, or, simply, interaction with the personal assistant on your smartphone) and is now set to transform the legal industry by mining documents, reviewing and creating contracts, raising red flags and performing due diligence. We are enthusiastic early
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Chapman Tripp have firmly entered the legal tech world with the launch today of their new legal documentation service, employing artificial intelligence and marrying tech and legal expertise into a new service offering. Operated by the firm’s technology partner Bruce McClintock, Zeren also uses Cambridge University-developed Luminance machine-learning technology to speed up large scale documentation
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The growth in technology for the legal sector has been the subject of high interest, but it’s nice to see the tech trend at the human level too. Boston’s WBUR.org for instance took a look at how artificial intelligence is rewiring the lawyers, speaking with Ropes & Gray’s Shannon Capone Kirk (left) who runs the
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The head of the largest law firm in the world, Dentons, believes that new technology will not lead to widespread job losses in the legal profession as many have feared and anticipated. The Times report that Joseph Andrews, heading a firm that is the largest in the world by the number of lawyers it employs,
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[vc_row][vc_column][vc_column_text] Michael Heron QC’s Complete Online Dispute Resolution (CODR) service completed what it believes is the first online arbitration in August, at a cost estimated to be 10 per cent of the cost of a court process. And the system is about to use artificial intelligence to make dispute resolution even faster, says Michael Heron.
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[vc_row][vc_column][vc_column_text] The groundbreaking LawTech Bootcamp partnership between some of University of Canterbury’s brightest students and top New Zealand law firm Lane Neave has produced some remarkable new concepts. Over 40 Law, Business and IT students joined forces with legal experts to create technology-based solutions to modern challenges in the legal sector during the incubator-style weekend
[vc_row][vc_column][vc_column_text] Prepaid legal services is yet another disrupter in a rapidly changing legal marketplace. As if e-law developments and artificial intelligence were not enough, the prepaid legal market is one that is expanding rapidly – and it is changing even faster according to one of the current players, LegalShield. ABA Journal provided an interview with
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[vc_row][vc_column][vc_column_text] Technology continues to disrupt the business of law – but now major law firm Allen + Overy are actively supporting the trend with the opening of a new tech space area they sponsor called ‘Fuse’. The Fuse space is being offered to startups involved in legal technology developments, accommodating up to 60 people involved
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[vc_row][vc_column][vc_column_text] A “prescriptive analytics” test with leading Australian law firm Gilbert + Tobin is being developed with a software provider to help predict legal risk based on both data and the expertise of leading lawyers. The software provider, Veriluma, is seeking to “encode the mindset” of senior lawyers as part of the pilot program. Prescriptive
