Rocket Matter

NOVEMBER 26, 2024

For lawyers and firms, time isn’t just money—it’s one of their most important resources. One aspect of business that can gobble away at this valuable time is ineffective payment management. The traditional legal payment process is full of time-consuming steps. First, you calculate billable hours for each client.

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LawSites

SEPTEMBER 27, 2023

aiR for Review will be released with limited availability by end of year, with expected general availability in the first half of 2024, Relativity said. ” The management console specifically allows users to track usage of new products that might have different cost models, he said.

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CloudNine

JUNE 6, 2024

By Rick Clark The Future Lawyer 2024 Conference was held in Boston, MA, and hosted by Ropes & Gray LLP in their Prudential Tower offices. The law firm day topics hovered mostly on how Generative and Predictive AI are gaining more steam in the legal industry, with the corporate agenda track more focused on change management.

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Clio

JULY 16, 2024

Managing the firm’s books and ensuring financial accuracy and compliance fall outside the traditional legal curriculum. Accountants step in to fill this role, providing critical support in maintaining accurate records and helping to ensure compliance with jurisdictional regulations.

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OpenText

NOVEMBER 26, 2024

This feature comes with tracking capabilities and the ability to delete sub-documents, giving you greater control over your data. July 2024 (24.3): What is new in OpenText Axcelerate 24.3 Users can refine review criteria against smaller subsets of data as many times as required and adjust the criteria until it returns optimal results.

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Debevoise Data Blog

NOVEMBER 14, 2023

The Second Amendment’s compliance requirements will take effect in phases. For legal and compliance teams, the new requirements on certification, risk assessments, and governance will call for cross-functional participation throughout the coming year as companies assess their compliance with NYDFS’s Cybersecurity Regulation.

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Debevoise Data Blog

MAY 20, 2024

On April 26, 2024, the Federal Trade Commission (the “FTC”) issued a controversial final rule (the “Final Rule”) that, among other things, expands the scope of the Health Breach Notification Rule (the “HBNR” or the “Rule”) to apply to health apps and related technologies. This closely tracks the approach taken by the U.S.

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Colin S. Levy

NOVEMBER 19, 2024

Leading firms and departments are increasingly using AI for operational functions, such as time tracking, document management, and data analytics. Firms will need to articulate how AI enables them to provide more insightful, strategic, and timely advice, reframing value in terms of outcomes rather than time spent.

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Colin S. Levy

SEPTEMBER 17, 2024

Some owners’ project managers and legal teams are well known for being litigious despite the research showing that contractors will build extra money into the budget and time in the schedule for companies with this reputation. Another common pitfall is looking at dispute resolution as transactional or as a compliance “tick the box” process.

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Rocket Matter

OCTOBER 10, 2024

Sorry about that.) In 2024, financial security is about more than just getting paid—it’s about safeguarding transactions to protect your firm from revenue loss and legal liabilities. That’s where SOC 2 compliance comes into play. Getting paid. Secure transactions are critical to building long-term client relationships: 90% of U.S.

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Legal Tech Monitor

OCTOBER 9, 2023

The add-on includes features that allow PI lawyers to track the status of medical records and bills, manage expenses, organize damages, and maximize client settlements. Slated to be rolled out in 2024, Clio says this will make it the first law practice management platform with built-in e-filing.

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Clio

MARCH 6, 2024

Financial transactions are foundational to any business—and so is tracking them. Be sure to know how your accounting software tracks and makes these details available. The more time that passes between the transaction and recording the journal entry, the less likely you are to note it with accuracy.

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Debevoise Data Blog

SEPTEMBER 19, 2022

The California Design Code’s business obligations take effect on July 1, 2024, though certain businesses must complete Data Protection Impact Assessments “on or before” that date. Businesses must review all DPIAs biennially, document any identified risks, and create a “timed plan” to address them.

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Legal Expert Connections

FEBRUARY 25, 2024

Advertisements have become a powerful tool for plaintiff lawyers specializing in mass litigation, according to a Wall Street Journal article titled “The Latest Ad Boom: Lawyers Seeking Plaintiffs for Mass Litigation” published in January 2024. X Ante, a firm specializing in mass tort advertising research, tracked this surge in ad spending.

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3 Geeks and a Law Blog

JANUARY 31, 2024

Greg and Caroline also discussed the dramatic change in Legal Tech in 2023, and the continued shift in the industry as demands increase on law firms and others to truly implement AI solutions in 2024. This is the first time in years. I went it for the first time last year, and was blown away by how big it is. So I have this.

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OpenText

JANUARY 31, 2024

January 2024: What's new in OpenText Axcelerate CE 24.1 OpenText now provides Axcelerate Cloud users with more choices than ever to leverage the most appropriate TAR workflow to meet the time, risk, and budget constraints of each project and the preferred workflow of your team. Check out the latest updates below. Our TAR 2.0

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Debevoise Data Blog

MAY 17, 2024

On May 16, 2024, the SEC adopted amendments to Regulation S-P (“Reg S-P”) one year after its proposed amendments (the “Proposed Amendments”). Firms will have either 18 or 24 months (depending on size) from the date of publication in the Federal Register to come into compliance. 17 CFR § 248.30(a)(3). a)(4)(iii). e)(1)(i) and (ii).

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Debevoise Data Blog

NOVEMBER 21, 2023

Data protection & AI: In particular: (i) the French CNIL published its first set of guidance on GDPR compliance when developing AI tools; and (ii) the UK ICO issued a preliminary enforcement notice against Snap over its AI chatbot, alleging that Snap had not adequately assessed the privacy risks posed to child users of the tool.

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Legal Tech Monitor

SEPTEMBER 27, 2023

aiR for Review will be released with limited availability by end of year, with expected general availability in the first half of 2024, Relativity said. The management console specifically allows users to track usage of new products that might have different cost models, he said.

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e-discovery e-filing Machine learning Time-tracking 52

Colin S. Levy

JANUARY 29, 2024

After taking the time and effort to study the case and make a visualisation that is helpful to me, why do I go back to my keyboard and start typing, forcing the recipient of my communication to do the same thing? After all, it can write code, create APIs faster than ever and AI in general creates a sense of urgency - FOMO.

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Debevoise Data Blog

AUGUST 2, 2023

This post highlights key aspects of the MHMDA with a focus on net-new provisions that organizations should consider as they build out their privacy compliance programs. Entities covered by MHMDA must comply with the law’s obligations and prohibitions by March 31, 2024, and small businesses must comply by June 30, 2024.

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Debevoise Data Blog

AUGUST 2, 2023

This post highlights key aspects of the MHMDA with a focus on net-new provisions that organizations should consider as they build out their privacy compliance programs. Entities covered by MHMDA must comply with the law’s obligations and prohibitions by March 31, 2024, and small businesses must comply by June 30, 2024.

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Debevoise Data Blog

AUGUST 7, 2023

Issuers should consider developing a well-informed and deliberative process to support the materiality analysis well before an incident occurs; adherence to internal practices and disclosure controls and procedures will aid issuers in establishing good faith compliance with the disclosure obligation. Instruction 2 to Item 1.05

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Clio

SEPTEMBER 3, 2024

Legal billing software streamlines many essential billing tasks for law firms—like tracking billable hours and expenses, creating invoices, and managing payment collections. – 2024 Legal Trends for Mid-Sized Law Firms. Pros: It enhances productivity. It’s scalable. Solves for more than just billing.

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Legal Tech Monitor

JANUARY 31, 2024

Greg and Caroline also discussed the dramatic change in Legal Tech in 2023, and the continued shift in the industry as demands increase on law firms and others to truly implement AI solutions in 2024. This is the first time in years. I went it for the first time last year, and was blown away by how big it is. So I have this.

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Debevoise Data Blog

FEBRUARY 27, 2024

In connection with this strategy, the UK government has requested that the ICO, and multiple other UK regulators, publish an update outlining their strategic approach to AI by 30 April 2024. In order to assist this process, the CNIL organised a public consultation on a draft guide for TIAs ending 12 February 2024.

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CloudNine

AUGUST 1, 2024

This approach helps to tell the whole story while saving time and reducing costs. Notable highlights included: Over 1 million organizations use Microsoft Teams, including 91% of the Fortune 100 companies (2024). In one year, more than 6 billion chats are sent via Microsoft Teams, and over 17 billion via Slack (2024).

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Dewey B Strategic

JUNE 28, 2023

I have spent a lot of time over the past few years musing about innovation, new product categories and market advantage. This time The market responded in less than two years. The response time in the market is growing shorter. I have been an admirer for over a decade. Six months?

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Time-tracking Legal research Machine learning Legal tech 59

Legal Tech Monitor

JUNE 28, 2023

I have spent a lot of time over the past few years musing about innovation, new product categories and market advantage. This time The market responded in less than two years. The response time in the market is growing shorter. I have been an admirer for over a decade. Six months?

Time-tracking 52

Time-tracking Machine learning Legal research Legal tech 52

Debevoise Data Blog

JANUARY 28, 2024

On January 17, 2024, the New York State Department of Financial Services (the “NYDFS”) issued a Proposed Insurance Circular Letter regarding the Use of Artificial Intelligence Systems and External Consumer Data and Information Sources in Insurance Underwriting and Pricing (the “Proposed Circular” or “PCL”). emphasis added).

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Debevoise Data Blog

JULY 15, 2024

On July 11, 2024, the New York State Department of Financial Services (the “NYDFS”) adopted Insurance Circular Letter No. The Final Circular largely adopts that language of the January 2024 Proposed Insurance Circular Letter on these issues (the “Proposed Circular” or “PCL”), which we discussed previously here and here.

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3 Geeks and a Law Blog

JANUARY 15, 2024

She asks them about the biggest impacts they foresee AI and other innovations having on the legal industry in 2024. We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. So anyway, it was it was quite nice, and really had a had a good time. Greg Lambert 0:14 And I’m Greg Lambert. Happy New Year here.

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Debevoise Data Blog

JULY 12, 2024

The EU AI Act (the “Act”) has made it through the EU’s legislative process and has passed into law today; it will come into effect on 1 August 2024. What we know about the Act: As expected, the Act’s text has not materially change since the final draft was released in February 2024. What AI Systems are covered by the Act?

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Debevoise Data Blog

DECEMBER 17, 2023

This development, which came amid mounting speculation that disagreements between the Council and Parliament could lead to the legislation being derailed altogether, means that the EU AI Act is back on track to come into force in early 2024. No other final definitions have been confirmed or released at this time. How to prepare.

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Above the Law - Technology

DECEMBER 4, 2023

Help pick the 15 legal tech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. 14-17, 2024, in Chicago. As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. What problem do you solve? Anything else?

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Legal Tech Monitor

JANUARY 15, 2024

She asks them about the biggest impacts they foresee AI and other innovations having on the legal industry in 2024. We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. So anyway, it was it was quite nice, and really had a had a good time. Greg Lambert 0:14 And I’m Greg Lambert. Happy New Year here.

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Debevoise Data Blog

NOVEMBER 13, 2024

November 1, 2024 marked the one-year anniversary of the second amendment to the New York Department of Financial Services’ (“NYDFS” or the “Department”) Cybersecurity Regulation (the “Regulation” or “Part 500”). Material Compliance Under Part 500 Under Section 500.17(b)(1),

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