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Clio Legal Trends Report – How Can Smaller Law Firms Get Paid Faster?

Clio Report Indicates Growing Role of AI Tom Borman, LawFuel lawtech contributor Mid-sized law firms using online payments are getting paid more than twice as fast as those not using such systems, according to the 2024 Legal Trends for Mid-Sized Law Firms report that Clio published earlier this year. But what does the report show […]

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Legal Tech News – Tech Partnership Improves Use of Mobile Data in Legal Cases

CHICAGO, TYSONS CORNER, VA and PETAH TIKVA, ISRAEL – July 30, 2024 – Relativity, a global legal technology company, and Cellebrite (Nasdaq: CLBT), a global leader in digital investigative solutions, today announced a strategic partnership that will deliver cutting-edge solutions for mobile device collection, processing and review. The new solutions will drastically improve how mobile

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The Rise and Fall of Firmsy: A Cautionary Tale in New Zealand’s Legaltech Landscape

Legal Tech Liquidation Lessons The liquidation of the Taranaki-based law tech startup Firmsy is a salutary tale for startups but also demonstrates the pressures of succeeding in the competitive legal tech space. The firm was placed in voluntary liquidation by founder Claudia King. In the ever-evolving world of legal technology Firmsy (formerly Automio) serves as

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Clio’s Record-Breaking Funding Signals Rapid Growth in Legal Tech

A Big Tick For Clio and Legal Tech Tom Borman, LawFuel legaltech contributor In a landmark move for the legal technology sector, Clio, one of legal tech’s leading providers of cloud-based legal practice management software, has secured a staggering $900 million in Series F funding. This investment propels the company’s valuation to $3 billion, nearly

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CrowdStrike Chaos Emphasizes Need For Law Firm Cybersecurity Preparedness

Tom Borman, LawFuel Tech Contributor The recent global IT outage caused by a security update from CrowdStrike has once again indicated the importance of cybersecurity measures for law firms that appeared to have been largely unaffected by the major outage. The outage, related to Microsoft software, disrupted operations at numerous law firms, affecting their ability

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Legal Technology Companies Relativity Announces OpenAI ChatGPT Integration

artificial intelligence, AI and the future of law

This integration allows for the seamless collection of conversational data from ChatGPT Enterprise CHICAGO– July 18 – Relativity, a global legal technology company, today announced it is integrating with OpenAI’s ChatGPT Enterprise Compliance API. The integration adds ChatGPT Enterprise as a Collect in RelativityOne data source, allowing users to seamlessly collect and process human-to-AI conversational data. With 92% of Fortune 500 companies already using

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Damaging Effects of Data Breach, How to Recover and Prevent it from Happening Again

A data breach is a nightmare. Compromised data means financial loss, reputation damage and legal repercussions. You need to know the immediate impact and how to respond. Recovering from a breach requires a plan of action. Find the breach, contain the damage and notify the affected. Improve your cybersecurity to prevent future breaches. Prevention includes

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Legal AI Careers Prospects and Opportunities: Navigating the Future of Law

With the rise of artificial intelligence, the legal profession is undergoing a significant transformation and with it has come some new legal career opportunities for lawyers with an interest in artificial intelligence and its multiple applications. The advances with generative AI tools open new career opportunities for lawyers, from legal tech consultants to junior lawyers

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What Technology Should Estate Planning Attorneys Leverage?

Estate planning is a critical aspect of legal practice that involves meticulous preparation, comprehensive documentation, and ongoing client communication. With the advent of technology, estate planning attorneys have numerous tools at their disposal that can streamline their workflows. This article explores the essential technologies estate planning attorneys should leverage to stay competitive and deliver superior

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Can Gen AI Really Cut Lawyers’ Time in Half?

The GenAI Law Firm Survey A major UK law firm’s survey of generative AI tools has shown that gen AI cut their lawyers’ work drafting briefs in half. Ashursts used in-depth trials of several AI tools and saw substantial time-saving benefits in legal work. The benefits were particularly significant in creating first drafts quickly and

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