Legal AI - - Page 7

What Technology Should Estate Planning Attorneys Leverage?

Frequently Asked Questions, Law Firm Technology, Press Releases / June 18, 2024

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?

Featured, Law Firm Technology, Law Firms / June 14, 2024

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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Transitioning to a Paperless Law Office to Increase Efficiency

Law Technology, LegalTech, Press Releases / June 11, 2024

Being swamped with paperwork is nothing new for lawyers. Contracts, invoices, legal documents – the list is endless! Such an extensive list of documents may cause lack of organization and numerous problems. For this reason, more and more law firms are starting to operate without paper. Switching to a digital filing system can help you

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Law Firm AI – How Law Firms Are Embracing Generative AI to Stay Competitive

Headlining, Law Firm Technology, Power Law / June 6, 2024

Ben Thompson, legal affairs writer Law firm AI applications are growing in importance as the legal industry undergoes rapid transformation as firms around the globe recognize the importance of embracing generative AI to remain competitive. While historically cautious about technological change, the pace of AI advancement and its swift adoption by corporate legal departments has

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City Lawyer’s ‘Visual’ LawTech Startup Gets $6 Million

LegalTech, UK Law / June 3, 2024

StructureFlow, a London-based start-up that creates visual models of complex legal transactions, has picked up $6 million in fundng led by US-based fintech fund FINTOP Capital, with additional investment from Venrex, part of Select Equity Group, a US asset management fund. The latest funding brings the company’s total investment to £10.5 million. StructureFlow is a

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Big Law Firm Tests AI’s Competence On Australian Law

Australia, Law Firm Technology, Law Firms / May 28, 2024

For lawyers using AI the risks are high and so Australian-based law firm Allens, who have a close relationship with Magic Circle leader Linklaters, have looked at the issue around using generative AI for Australian law. The lessons learned may well translate into multiple jurisdictions when the challenges and opportunities presented by AI. Allens have

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Cutting Costs and Boosting Growth – How Remote Depositions, Legal Automation, and CFO Support Can Help Law Firms Thrive

Frequently Asked Questions, Law Firm Technology / May 25, 2024

Running a law firm is undoubtedly about winning cases, but overlooking the importance of cost management and growth strategies would be a mistake. In today’s digital landscape, remote depositions, witness interviews, and legal process automation can revolutionize your firm’s operations – and when you throw expert CFO support into the mix, you create a powerful

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How A LegalTech Startup Founded By A Nigerian Immigrant Secured Millions

Headlining, Law Firm Technology / May 8, 2024

From Unlikely Friendship to Legal Tech Innovation: Definely’s Journey For lawyers Nnamdi Emelifeonwu (pictured) and Feargus MacDaeid, their journeys converged in an unlikely friendship that sparked an idea to transform how the legal industry works with contracts and documents. Their startup, Definely, has now raised $7 million in a Series A round led by Octopus

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LegalTechnology: The KM&I LexPrize™ Innovation Award

Law Firm Technology, Press Releases / May 7, 2024

Inspired by the remarkable stories shared at the inaugural 2023 KM&I for Legal Conference, we were compelled to establish this prestigious award to recognize and celebrate the visionary contributions shaping the future of knowledge management and innovation in the legal profession. The KM&I LexPrize Innovation Award honors genuinely impactful innovation in the KM&I community —

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Online Legal Startup Lawhive Secures £9.5 Million in Funding

Law Technology, LegalTech, Press Releases / May 1, 2024

Online legal tech startup Lawhive has secured investments of £9.5m ($11.9 million) from Google Ventures and Episode 1 Ventures. Orrick advised Lawhive. THE COMPANY Based in the UK, Lawhive offers an AI-based “lawyer” through an online platform targeted at small law firms and lawyers who practice solo. The company was founded by a team passionate

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