Human rights lawyers have warned that advances in neurotechnology, a science which connects people’s nervous system with electronic devices, could change what it means to be responsible for our own actions, as leaders in the field met with academics and legal professionals in London.Concerns about autonomy, privacy of personal information and potential discrimination were raised […]
Image by Andrea Piacquadio on PexelsThe changing landscape of finance makes legal compliance a challenge and a necessity. Financial regulation is becoming exceedingly complex, and stringent enforcement turns compliance into something you must stay on top of. This requires thorough oversight and paying attention to details. Developments in automation illustrate law firms and organizations should take
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Norma Harris, LegalTech contributing writerAI is transforming the way lawyers operate and those embracing the legaltech developments are outperforming competitors who cling to traditional methods. Generative AI is being used increasingly by law firms to streamline tasks such as case screening, demand letter drafting, discovery and document creation, as well as helping with case research
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Chicago-based Litera has bought UK legal document platform Office & Dragons, which provides drafting and editing software using generative AI to streamline drafting work, to boost its document drafting offering.Office & Dragons say users report time savings of 85-97 percent for mass editing and document generation work.Samuel Smolkin, Founder and CEO of Office & Dragons
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Managing contracts necessitates using software solutions for businesses to streamline operations effectively and reduce potential risks involved in the process. A thorough exploration of functionalities offered by these platforms can make a difference in how smoothly an organization operates. Grasping the elements to look for in contract management software can result in enhanced efficiency and
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LegalTech company BigHand has recently won two major awards for its financial productivity solutions. The company’s Business Intelligence product was named ‘Overall Legal Analytics Solution of the Year’ at the LegalTech Breakthrough Awards, while BigHand Matter Pricing won ‘Product of the Year’ at the BIG Awards for Business.BigHand plays a key role in helping law
As Artificial Intelligence continues to transform the world and equip people with cutting-edge technological tools that were not even imaginable a decade ago, heated debates are going on in the global legal landscape to determine whether AI is good or bad for their practice.To date, the ethical integration of AI-powered tools and algorithms into legal
2024 Tech M&A SurveyMorrison Foerster is pleased to share with our clients and friends the results of our 2024 Tech M&A Survey, published in conjunction with Mergermarket. Mergermarket surveyed 300 dealmakers from around the world in order to gain valuable insights into the future of technology-related M&A.According to the findings:The report is released against the backdrop of 2024
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The Association of Corporate Counsel (ACC) and Everlaw have released a comprehensive report demonstrating the transformative impact of generative AI on corporate law departments.The report, “GenAI and Future Corporate Legal Work: How Ready Are In-house Teams?” is based on responses from over 475 legal professionals in US-based corporate law departments, offers a detailed analysis of
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IntroductionThe legal industry is known for tradition, but even the most established firms are recognizing the need to innovate. To stay competitive, modern law firms are turning to technology, not only to streamline their processes but to provide better service to their clients. From managing heavy caseloads to handling complex legal agreements, innovative tools are
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