MatterSuite

AUGUST 28, 2023

Predictive Analytics for Better Decision-Making One of the most promising aspects of AI in the legal industry is its predictive analytics capabilities. Predictive analytics can also play a vital role in litigation risk assessment.

Due diligence 52

Due diligence Machine learning Analytics Dispute resolution 52

MatterSuite

JULY 4, 2023

Contract Analysis and Due Diligence: AI technologies, such as natural language processing (NLP), have made significant strides in automating contract analysis and due diligence processes. Enhanced Decision-Making: AI can provide valuable insights and predictive analytics by analyzing historical legal data.

Due diligence 52

Due diligence Machine learning e-discovery Legal research 52

LawSites

AUGUST 25, 2021

It happens in corporate deal making as well; issues are discovered during due diligence that have a material impact, on both the deal, and the final legal invoice. Nicholas d’Adhemar is the founder and CEO of Apperio , a legal spend analytics and matter tracking platform for in-house counsel.

Due diligence 105

Due diligence Time-tracking Law firm Analytics 105

LawSites

NOVEMBER 8, 2023

Because all the corporate data is kept in Traact, it can easily be dragged and dropped into the deal room for due diligence. Traact includes analytics across all matters. “They need to fix multiple of these things to reduce costs across the organization and set up uniform processes. .

Due diligence 78

Due diligence Contract management Analytics e-filing 78

Lawmatics

NOVEMBER 7, 2023

Due diligence. Data analytics. AI-powered data analytics tools provide insights by tracking and analyzing the results of campaigns with built-in analytics and reporting tools. AI-driven chatbots and virtual assistants handle routine client inquiries, appointment scheduling , and initial case assessments.

Client Intake 59

Client Intake Due diligence Legal advice Analytics 59

Attorney at Work

JULY 14, 2021

You can conduct your due diligence and ask and answer questions about an attorney’s litigation history without having to engage them to suss out their experience and get a hold of their Rolodex. This saves an immeasurable amount of time and energy that would otherwise go into the dance of legal recruiting.

Attorney 98

Attorney Litigation Litigator Due diligence 98

MatterSuite

OCTOBER 27, 2023

Predictive Analytics: Machine learning algorithms examine historical case data to predict legal outcomes. It automates the time-consuming process of document review and due diligence. This analyzes vast legal databases and provides attorneys with relevant case law, statutes, and legal precedents.

Legal tech 52

Legal tech Legal tech e-discovery Machine learning 52

Lawmatics

JANUARY 23, 2024

Predictive analytics: AI can predict case outcomes based on historical data to help lawyers and legal professionals make more informed decisions about case strategy and settlement options. Legal analytics: AI-driven legal analytics tools provide insights into trends, precedents, and the behavior of judges.

Legal AI 59

Legal AI Legal Secretary e-discovery Paralegal 59

LawNext podcast

DECEMBER 9, 2019

He is currently on the board of the legal research startup Casetext and he has also served on the boards of Compliance.ai, a regulatory data and predictive analytics company, and Kira Inc., He left the firm in 2000 to cofound a company that developed software for due diligence in the M&A transactions. operation.

Due diligence 40

Due diligence Document automation International law Analytics 40

MatterSuite

JUNE 4, 2024

For example, lawyers adept at using AI for predictive analytics, contract analysis, and due diligence are in high demand. This significant wage differential underscores the value placed on technological proficiency in the legal field.

Lawyer 52

Lawyer Due diligence Machine learning Legal advice 52

Debevoise Data Blog

SEPTEMBER 20, 2021

To collect the alternative data, App Annie offered a free analytics product called “Connect” to companies that offer apps. According to the SEC Order , App Annie is one of the largest providers of such market data on mobile app performance.

Due diligence 52

Due diligence Compliance Analytics Law 52

Colin S. Levy

MARCH 7, 2023

UniCourt provides Legal Data as a Service (LDaaS) via our APIs to AmLaw 50 firms and Fortune 500 businesses for accessing normalized court data for business development and intelligence, analytics, machine learning models, process automation, background checks, investigations, and underwriting.

Due diligence 52

Due diligence Machine learning Court Litigation 52

CaseFox

JULY 25, 2023

Legal Research and Data Analytics: Gone are the days of poring over endless law books and case files in dusty libraries. Advanced data analytics tools enable lawyers to extract valuable insights from large volumes of information. In this article, we will delve into the transformative impact of technology for lawyers.

e-discovery 52

e-discovery e-filing Lawyer Intellectual Property 52

Legal Tech Monitor

NOVEMBER 8, 2023

Because all the corporate data is kept in Traact, it can easily be dragged and dropped into the deal room for due diligence. Traact includes analytics across all matters. They need to fix multiple of these things to reduce costs across the organization and set up uniform processes.

Due diligence 52

Due diligence Contract management Analytics e-filing 52

Legal Tech Blog

NOVEMBER 17, 2022

On the agenda: Keynote Address by Justice Leonie Reynolds How embracing technology can make discovery and investigations more cost effective – an update from the Civil Justice Review Group Cyber Incidents & Managing Risk in Investigations with Pat Ryan MSc – Detective Superintendent – Garda National Cyber Crime Bureau and Jon Blake MBCS – Cyber (..)

Legal tech 52

Legal tech Legal tech Dispute resolution Due diligence 52

OpenText

NOVEMBER 26, 2024

OpenText eDiscovery solutions have a long history of incorporating artificial intelligence (AI) and advanced analytics to dramatically improve review efficiency and lower costs while ensuring defensibility of process. Axcelerate drives down the cost of eDiscovery through analytics and automation. Axcelerate CE 21.2 Axcelerate CE 21.2

e-filing 59

e-filing Analytics Time-tracking e-discovery 59

MatterSuite

FEBRUARY 6, 2024

Contract Analytics: CMPs utilize analytics tools to offer insights into contract data, providing visual representations and data-driven insights on contract performance, risks, and obligations.These analytics aid in decision-making and strategy formulation regarding contracts.

Legal technology 52

Legal technology Legal technology Law firm Time-tracking 52

MatterSuite

FEBRUARY 6, 2024

Contract Analytics: CMPs utilize analytics tools to offer insights into contract data, providing visual representations and data-driven insights on contract performance, risks, and obligations.These analytics aid in decision-making and strategy formulation regarding contracts.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 52

TechLaw Crossroads

FEBRUARY 9, 2024

But those disparities may be due to the different types of work and clients between the big and small firms. When the LexisNexis respondents were asked what they thought GenAI could be used for: 55% said legal research (despite the horror stories of lawyers getting in trouble for using ChatGPT to do their work for them in this regard).

Legal AI 59

Legal AI Law Law Due diligence 59

Dewey B Strategic

JUNE 14, 2023

There has been a proliferation of specialty products targeting specific practice areas or workflows from topics as diverse as credit default swaps, social media monitoring, and predictive litigation analytics. Realistically the due diligence assessment should begin at least 6 months before the end of the contract.

Compliance 59

Compliance Due diligence Time-tracking Analytics 59

OpenText

JANUARY 31, 2024

OpenText eDiscovery solutions have a long history of incorporating artificial intelligence (AI) and advanced analytics to dramatically improve review efficiency and lower costs while ensuring defensibility of process. Axcelerate drives down the cost of eDiscovery through analytics and automation. Axcelerate CE 21.2 Axcelerate CE 21.2

Analytics 52

Analytics Time-tracking Litigation Litigator 52

Legal Tech Monitor

FEBRUARY 9, 2024

But those disparities may be due to the different types of work and clients between the big and small firms. When the LexisNexis respondents were asked what they thought GenAI could be used for: 55% said legal research (despite the horror stories of lawyers getting in trouble for using ChatGPT to do their work for them in this regard).

Legal AI 52

Legal AI Law Law Due diligence 52

Legal Tech Monitor

JUNE 14, 2023

There has been a proliferation of specialty products targeting specific practice areas or workflows from topics as diverse as credit default swaps, social media monitoring, and predictive litigation analytics. Realistically the due diligence assessment should begin at least 6 months before the end of the contract.

Compliance 52

Compliance Due diligence Time-tracking Analytics 52

Clio

JUNE 14, 2024

More on that below) The critical role of assessment and solution implementation Due diligence leads to informed decisions: A thorough assessment of your current operational inefficiencies allows you to make an informed decision about switching to a solution like Clio.

Law firm 52

Law firm Law Law Due diligence 52

Legal Tech Monitor

MARCH 8, 2024

in fact the assessment of the product, analysis of usage data and outreach to uses should begin 6 months before the renewal, so there is time to conduct due diligence, surveying current users, looking for alternative products, renegotiating the size of the license or retrain users on alternative products. Analytics and Insights.

Time-tracking 52

Time-tracking Due diligence Legal tech Legal tech 52

Dewey B Strategic

MARCH 8, 2024

in fact the assessment of the product, analysis of usage data and outreach to uses should begin 6 months before the renewal, so there is time to conduct due diligence, surveying current users, looking for alternative products, renegotiating the size of the license or retrain users on alternative products. Analytics and Insights.

Time-tracking 52

Time-tracking Due diligence Legal tech Legal tech 52

MatterSuite

OCTOBER 13, 2023

Utilizing data analytics can help legal teams identify trends, make informed decisions, and measure the impact of change initiatives. When considering external resources, legal departments should conduct thorough due diligence and select partners with a proven track record in change management.

Compliance 52

Compliance Due diligence Time-tracking Legal technology 52

3 Geeks and a Law Blog

MAY 3, 2023

We had other due diligence factors as part of this portability of the work, it was far more an m&a approach. And there’s now companies like Decifer that actually, or third parties that can help you in your diligence.

Law firm 264

Law firm Law Law Lawyer 264

MatterSuite

JUNE 26, 2024

This capability is beneficial in the due diligence stage, legal discovery , and compliance reviews, where tons of data require proper and swift analysis. Consider the following criteria: Functionality: Check if the AI tool contains the features that you require, like NLP for document analysis or predictive analytics for risk analysis.

e-discovery 52

e-discovery Legal research Due diligence Machine learning 52

Colin S. Levy

JUNE 5, 2024

They should highlight successful case studies where technology has augmented human capabilities, such as an AI tool streamlining due diligence processes and enabling lawyers to focus on complex negotiations. To address these concerns, leaders must foster a culture of openness and continuous learning.

Paralegal 52

Paralegal Due diligence Contract management Time-tracking 52

Clio

MARCH 14, 2024

Automation and artificial intelligence in the legal sector AI is already used for contract review and due diligence, such as identifying inconsistencies and potential risks in a contract.

Machine learning 52

Machine learning Law firm Due diligence e-discovery 52

Debevoise Data Blog

NOVEMBER 21, 2022

DORA may also apply to covered entities’ external and intra-group ICT service providers, such as cloud platforms or data analytics services: Directly, to “ critical ICT third-party service providers ” designated as “critical” by European supervisory authorities (“ESAs”).

Compliance 40

Compliance Due diligence Analytics Software 40

lawtomated

JUNE 28, 2021

That said, the two approaches are probably complimentary, for instance combining transaction management technology with a due diligence analysis tool. A trainee, like any human, is exceptionally suited to certain tasks that remain unmatched by tech, for instance analytical critical reasoning.

Law firm 52

Law firm Time-tracking Lawyer Failure-to-appear 52

Attorney at Work

APRIL 30, 2021

It also ensures that as much of the pro bono attorney’s time as possible is best spent helping the client rather than on due diligence that, while necessary and important, can be accomplished through the online intake process. Don’t look at Google Analytics every day because you’ll become a raving lunatic.

Lawyer 145

Lawyer Client Intake Law firm Attorney 145

Legal Tech Monitor

MAY 3, 2023

We had other due diligence factors as part of this portability of the work, it was far more an m&a approach. And there’s now companies like Decifer that actually, or third parties that can help you in your diligence.

Law firm 52

Law firm Law Law Lawyer 52

3 Geeks and a Law Blog

MAY 9, 2023

The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. But it hasn’t been transformative. It hasn’t really changed the business model.

Law firm 162

Law firm Legal tech Legal tech Lawyer 162

Clio

MAY 23, 2024

Practice due diligence to ensure your commercial meets the ethical standards of your jurisdiction concerning honesty, performance promises, and professional conduct. Analyzing website traffic and lead generation You can track increased website traffic following your commercial’s air time using tools like Google Analytics.

Lawyer 52

Lawyer Injury Lawyer Time-tracking Client Intake 52