This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
While the last few years have brought an abundance of new and innovative legaltech products to market, the fact of the matter is that not every new product will succeed. Let’s revisit five of the most momentous legaltech fails of the last 10 years. In 2016, legaltech entrepreneur Derek Bluford was riding high.
” He distinguished Bench IQ from legalanalytics companies such as Lex Machina or Pre/Dicta. ” Lawyers tend to use traditional legalanalytics products at the front end of a litigation, to help their clients determine whether it is worth investing in going forward with the case, he said.
Data literacy isn’t a buzzword; it’s a fundamental skill set that empowers legal professionals to handle complex challenges like data privacy compliance, AI bias assessment, and contract analytics. Why Data Literacy Matters The intersection of legaltech and data creates both opportunities and challenges.
Lex Machina expands its powerful machine learning, trained and reviewed by attorneys, to help legal practitioners make data-driven decisions in state courts as well as federal courts. The post Lex Machina Expands The Power Of LegalAnalytics To Litigation In State Courts appeared first on Above the Law.
The Little Things That Make the Biggest Difference in LegalTech Flashy features and AI-driven tools often steal the spotlight with legaltech. Contract Lifecycle Management (CLM) software is no exceptionmany solutions promise cutting-edge automation, predictive analytics, and machine learning enhancements.
This adaptability makes machine learning a key part of legal AI as it helps professionals make informed decisions faster while reducing the chance of oversight. Predictive Analytics Predictive analytics revolves around using data to make smart guesses about what might happen next. FAQs About AI LegalTech What is legaltech AI?
Fortunately, there are practical frameworks law firms can implement to manage their data, make the most of their internal applications, take advantage of third-party data sources, and address the critical challenges involved in building a modern data infrastructure, says Jeff Cox , director of content at legal data and analytics company Unicourt.
TLDR: The Global State of LegalTech. The state of legaltech and its adoption across the globe reflects a profound shift in the legal industry, driven by the intersection of law and technology. Across Europe, legaltech adoption varies by country but is steadily gaining traction.
UK top 50 law firm Travers Smith has promoted its head of legal technology Shawn Curran, and head of central technology David Cassidy, to become directors within their departments.
When law firms can harness the power of legal data analytics, these firms can gain a better understanding of their operations, which, in turn, can help them identify trends and discover opportunities they may have not considered in the past. It can also provide guidance on identifying training opportunities and maximizing productivity.
The hardest stories I have to report are the ones about legaltech startups that are forced to shut down. Today brings news that Gavelytics , a seven-year-old litigation analytics company, is closing its doors effective tomorrow. We invented the category of state court analytics.
For Pascale, legaltech is rethinking the legal sector , but not its function, whose purpose is, in the end, the access and delivery of justice. Among all the benefits around legaltech that help to rethink the sector, we can find, inter alia, the increasing of operational efficiency, security and complexity.
Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. In response, they are investing more in automation, advanced analytics and other technologies that will help them manage the workload. Legaltech meets fintech. According to Gartner Inc.,
Richard Susskind Opens with 10 Minutes on LegalTechLegaltech started in the 1950s. The history since then falls under 4 categories: Another 4 headings about tech generally Exponential growth across the board Increasingly capable Increasingly pervasive Increasingly connected These combined lead to a new economy.
Wolters Kluwer and the European LegalTech Association (ELTA) have published a new benchmark report that looks at the impact of digitalisation on European corporate legal departments, which finds that … New European corporate legaltech benchmark report finds securing budget is a “major challenge” Read More » The post New European (..)
Often, when I hear people rattle off the names of the leading legal technology conferences in the United States, this one is not even on their radar. Both in its programs and its exhibit hall, the AALL conference is one of the top conferences for anyone interested in legaltech. That is a huge mistake. Consider the agenda.
This week on The Geek in Review podcast Marlene Gebauer and Greg Lambert featured guests Colin Levy , Ashley Carlisle , and Dorna Moini discussing Levy’s recently published book “ Handbook of LegalTech.” Levy edited the book and contributors included Moini, Carlisle’s CEO, Tony Thai, and many more legal technology experts.
Voting has now closed and your votes have been tallied to pick the 15 legaltech startups that will get to participate as finalists in the ninth-annual Startup Alley at ABA TECHSHOW 2025 , taking place April 2-5 in Chicago. Using Large Language Models and Geometric Machine Learning, our platform forecasts litigation outcomes at scale.
Its platform offers both post-signature contract management, review and analytics and pre-signature contract generation and approval. He and Evisort EVP Memme Onwudiwe , also a Harvard Law alum, will be at the law school this spring to teach a reading group, Startup Entrepreneurship and Innovations in Legal Technology.
Evisort uses machine learning and natural language processing to power its core product, which it calls its Contract Intelligence Platform, and which integrates a contract repository, contract lifecycle management, and contract analytics. Read more about Onit on the LawNext LegalTech Directory.
Faith in legaltech is high. Other high-priority areas of legaltech, according to the survey, include: Contract creation software. Contract analytics/reporting. Legal task management. Technology spend is imminent. Top technology needs. Spend management. File folder storage. General project management.
A little knowledge can be a dangerous thing, and as the legal industry has become savvier about artificial intelligence, there is a temptation for some to write off OpenAI’s generative … Cutting through the noise: The impact of GPT/large language models (and what it means for legaltech vendors) Read More » The post Cutting through the noise: (..)
Over the years, the list has included a diverse selection of lawyers, legal technologists, policymakers, judges, law librarians, bar association executives, and people from all walks of life who are innovating in the legal profession. (I This year’s list of honorees reflects a year of transformation for legal services.
LexisNexis ® Legal & Professional, a leading global provider of information and analytics, today announced it has completed its acquisition of Henchman, a legaltech company that enriches data from Document Management Systems (DMS) for faster document drafting. and European law firms and companies.
Earlier this week, I reported here that the litigation analytics company Gavelytics, which shut down operations in June, has been acquired by a relative newcomer to the legalanalytics space, Pre/Dicta , which launched its product in July after two years of development. The next type of analytics would be prescriptive analytics.
The Rise of AI in Patent Law AI-powered platforms, such as Patlytics, have revolutionized patent analytics by automating tasks that traditionally required countless hours of legal work. The platforms AI engine automates patent analytics, generating detailed claim charts for validity, infringement, and portfolio management.
Wolters Kluwer and the European LegalTech Association (ELTA) have published a new benchmark report that looks at the impact of digitalisation on European corporate legal departments, which finds that … New European corporate legaltech benchmark report finds securing budget is a “major challenge” Read More » The post New European (..)
LexisNexis announced the acquisition of Case Law Analytics , a French legaltech company specializing in the modeling of legal risk using artificial intelligence. We see attractive opportunities to bring together Case Law Analytics with LexisNexis AI and generative AI legal solutions.
LexisNexis Legal & Professional ® , a leading global provider of information and analytics, today announced it has agreed to acquire Henchman, a legaltech company that enriches data from Document Management Systems (DMS) for faster document drafting. and European law firms and companies.
This week, my wish came true, in a sense, as I attended what felt like the legaltech world’s answer to Davos or Renaissance. It was the inaugural TLTF Summit , a three-day program convened in Miami by The LegalTech Fund , the first venture capital firm to focus exclusively on legaltech.
Choosing the right eDiscovery provider Digital transformation in the legal sector is moving at lightning speed and keeping pace is no longer enough. Legaltech with generative AI: supercharge your data OpenText eDiscovery Aviator supercharges generative AI to put your data to work for you.
As a small or solo firm, you could be using AI for things such as legal research, document review, e-discovery, and predictive analytics. After all, AI isn’t just used to generate content or images, it can be used for your business too! Do the risks outweigh the benefits?
In the legal world, whether we attorneys want to recognize it or not, we already use quite a bit of legaltech. The computers we use to research, the programs we use to draft documents and emails, the phones we use to negotiate are all pieces of legal technology. CSL = me, KDA = Professor Ashley.)
Perhaps the most common web analytics tool is Google Analytics which, while invasive for your users, can provide a lot of useful data. Google Analytics is transitioning to version 4 (aka GA4) , which gave me an opportunity to look at all of the tools I’m using to measure web activity. You may already be using Google Analytics.
It is led by CEO Jim Wagner , who has a track record of starting successful legaltech companies, and it has already partnered with Mayo Clinic to build a solution to accelerate the negotiation of clinical trials agreements. In 2018, Seal Software acquired Apogee, after which Wagner became president of Seal.
Docket Alarm has expanded Pleading Tags and Motion Analytics in state courts, adding coverage in key counties in Florida and California. The pleading tags also power motion analytics, allowing users to learn how likely a particular motion type is to succeed.
In turn, lawyers can use legaltech to automate routine tasks, work more efficiently, and devote more time to complex work. But it must be the right legaltech. The legal industry contains numerous tech solutions that address a single aspect of legal practice, e.g., document management, timekeeping, or billing.
For over a decade, he has balanced his focus between legal consulting, and legal operations and technological aspects, consistently working to enhance efficiency and innovation in legal departments, including expertise in ESG, and its intricate relationship with digital transformations. and analysis of data.
The Legal Technology Resource Center ’s Women of LegalTech initiative is intended to encourage diversity and celebrate women in legal technology. “Get Tech Smart” educates viewers about tech innovations, while “Get Resource Smart” spotlights organizations providing essential community resources.
Unlike Relativity Server, it removes hardware limits, allowing integration of advanced tools such as AI workflows and analytics. This facilitates modern applications, including data-first reviews and automated insights, tailored for diverse legal data needs.
Pre/Dicta is an app that uses data science to tackle judicial analytics, but unlike other similar software, Pre/Dicta does not just look at a judge’s opinions and track record, but also looks at other factors that influence court opinions.
The wisest firms will leverage practice analytics to locate silos that slow down legal work, followed by implementing practice management solutions to achieve these goals by adopting largely automated workflows. The end result: better business continuity and a more agile way of working. Move your firm forward with Rocket Matter .
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content