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Using legal data for strategic law firm planning is no longer reserved for BigLaw. For law firms, it’s critical to gather intelligence about real-time trends that are creating sharp and sudden changes as well as longer-term trends affecting the overall health of your markets. Long-Term Trends.
In what is clearly a major milestone for Milestones , a legaltech company whose product provides law firm clients with automatic updates on their cases, it has closed a $2.1 million seed round and is rebranding as Hona to reflect the broader scope of its product’s capabilities.
Renee Knake Jefferson is the author of the book Law Democratized: A Blueprint for Solving the Justice Crisis (NYU Press 2024) and founder of the Legal Ethics Roundup weekly newsletter. She holds the endowed Doherty Chair in Legal Ethics and is a Professor of Law at the University of Houston. Heres an overview.
Legal Talk Network hosts and listeners had a great time at LEX Summit in Salt Lake City September 8-10, 2024. At the center of the Silicon Slopes region, Filevine has been innovating how law firms can leverage technology, specifically AI, to gain efficiencies in their practice, and improve the client experience.
My past Daily Record articles can be accessed here. ** Driving Law Firm Efficiency: Proven Productivity Tips In today’s ever-evolving world, technology has become a key differentiator for lawyers, driving productivity and profitability in a highly competitive market. Bankruptcy matters had the highest WIP (10.9) hours per workday.
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This, in turn, means that a law firm can either decrease its prices or increase its margins. Increasing Client Satisfaction In addition to enhancing productivity, technology can help law firms increase their client satisfaction. Other times, this can mean educating clients about what a law firm can really provide.
Email communications are a cornerstone of running a modern law firm. According to the American Bar Association, 41% of law firms use email marketing. As one of the most commonly used law firm marketing tools, emails are expected by clients as part of their legal experience. Why do law firms need email marketing?
Benjamin Alarie and Abdi Aidid are legal experts who are heavily involved in the development of legal technology. They are releasing a new book, The Legal Singularity: How Artificial Intelligence Can Make Law Radically Better later this year.
In his day job, Jonathan Pyle is the contract performance officer at Philadelphia Legal Assistance, where he is responsible for compliance, reporting, and implementing new uses of technology to analyze, streamline, and expand service delivery. Pyle developed Docassemble as a tool for automating the practice of law.
Unfortunately, some legal professionals have been reluctant to adopt these innovations. However, legaltech’s benefits are impossible to ignore and this cannot be disputed. Technology advancements are altering how people work.
Code-named Ross, the AI uses IBM’s Jeopardy -nailing Watson to scour massive amounts of case law and legal docs in seconds to produce answers to legal questions. Dentons is not new to embracing legal technology. A Siri for lawyers, as the student-startup founders describe it.
Google’s Local Services Ads can be both effective and economical for generating leads for certain types of law practices. With the integration, a law firm can sign up for a Local Services Ads account, manage its account, set up and run ad campaigns, capture new leads, and measure campaign performance, all from within Clio Grow.
From : Blog Entry >> Maureen’s Blog Entry The catchy take-away from the Thomson Reuters “ 2024 Report on the State of the US Legal Market ” is that law firm leaders who don’t respond to the shifts in the legal market in the past 15 years may share a destiny with Pan Am.
Now, an analysis of passive timekeeping data by the law practice management company MyCase finds that lawyers who use passive timekeeping billed an extra 64 hours last year. This first report, published last week , looks at law firm productivity, using anonymized data from lawyers who are MyCase customers.
In his day job, Jonathan Pyle is the contract performance officer at Philadelphia Legal Assistance, where he is responsible for compliance, reporting, and implementing new uses of technology to analyze, streamline, and expand service delivery. Pyle developed Docassemble as a tool for automating the practice of law.
Most recently, on March 2, the new managers at FTX told the Delaware bankruptcy court they had identified a deficit of $8.9 The cases are largely filed in Delaware bankruptcy court, but actions have been filed in state and federal courts nationwide. Jenkins founded Law Street Media in 2013.
Today, Thomson Reuters, and the Center on Ethics and the Legal Profession at Georgetown Law has released the 2024 Report on the State of the US Legal Market. Law firms continue to inflate the rates balloon and clients wield market power in demanding higher discounts to deflate the increases. The Win-Win 1. Clients Win 2.
If you haven’t heard of this product, she wrote about it in the January/February issue of the ABA’s Law Practice magazine. Although, that could be because Kenton Brice of the University of Oklahoma College of Law and the ABA TECHSHOW Planning Board had red Oklahoma ribbons printed so that he could add them to our badges.
Let’s recognize those who are actively shaping a more effective and inclusive legal system. In 2021, IAALS awarded its inaugural recognition to Anna Carpenter, who serves as a professor of law at the S.J. Quinney College of Law as well as senior director for presidential initiatives within the University of Utah President’s Office.
Every year, Thomson Reuters and the Georgetown Law Center on Ethics and the Legal Profession come with a report on the State of the Legal Market. law firms developed by Thomson Reuters’ Financial Insights platform. Law firms were able to increase their rates on new matters by more than 6% in 2023. Collections.
Benjamin Alarie and Abdi Aidid are legal experts who are heavily involved in the development of legal technology. They are releasing a new book, The Legal Singularity: How Artificial Intelligence Can Make Law Radically Better later this year.
Their conversation ran the gamut from law firm marketing strategy to cultivating positive client relationships. Stay tuned for some inside baseball on creating a legaltech startup and the path that took Matt from practicing attorney to founder of MyCase and, eventually, Lawmatics. Nobody's perfect! Matt Spiegel — 00:59 Yeah.
It works like Amazon’s product tags, where a user can search for a specific area of law, such as patent law, and then choose between various services such as advice, registration, transactional, dispute, or bankruptcy services. And but we’re also going to talk about legaltech music and more. Or am I instead?
Editor’s note: The following guest post is a response to my recent post, The Justice Gap in LegalTech: A Tale of Two Conferences and the Implications for A2J. Bob Ambrogi recently contrasted the efficiency and elegance of legal-tech tools available in the corporate sector with those designed for the civil justice system.
Editor’s note: The following guest post is a response to my recent post, The Justice Gap in LegalTech: A Tale of Two Conferences and the Implications for A2J. Bob Ambrogi recently contrasted the efficiency and elegance of legal-tech tools available in the corporate sector with those designed for the civil justice system.
The Thomson Reuters Institute, in its 2024 Report on the State of the US Legal Market , released today in partnership with the Center on Ethics and the Legal Profession at Georgetown Law ( whose URL returns a page not found), uses Pan Am’s story to drive home a simple point for U.S. law firms: Innovate or die.
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