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Thomson Reuters Launches AI-Powered Contract Analysis Tool in HighQ

LawSites

Integrated with HighQ, the collaboration and workflow platform Thomson Reuters acquired in 2019, HighQ Contract Analysis is designed for attorneys to use in transactional due diligence, compliance review and contract investigations.

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How Can You Use AI in Law and Legal Practice?

Lawmatics

Artificial intelligence (AI) seems to be everywhere these days, and it's definitely becoming a regular part of legal software, presenting law firms with advantages and risks that require consideration. Given the associated risks, using generative AI to produce legal documents warrants the highest due diligence level.

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What Are Billable Hours? A Guide for Lawyers

Rocket Matter

This might include, but definitely isn’t limited to: Researching or performing due diligence for a client’s matter Correspondences or meetings related to a case Drafting briefs Filing paperwork Court appearances On the other hand, a great deal of legal work falls into the non-billable hour camp.

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Software Substitutes for Lawyers

The Law Product Makers blog

Here is a list of some of these disrupters: Diligen – Automated Legal Due Diligence LawGeex – A.I. I pitched this concept to a group of UPL officials as the idea that I would like to see this exception to the definition of the practice adopted in every state.

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The SEC Adopts Significant Cybersecurity Amendments to Reg S-P

Debevoise Data Blog

While the Proposed Amendments defined “substantial harm or inconvenience,” Amended Reg S-P removed these definitions. With Amended Reg S-P, the SEC expanded the scope of information covered by the Safeguards and Disposal Rules by adjusting the definition of “customer information.” Covered Customers. Adopting Release at 48-49.

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Law School Lessons

Colin S. Levy

One definition of emotional intelligence is the capacity to handle relationships among people with discretion and with empathy. Again, you need to know how to evaluate their financials and related documentation to assist with the due diligence process. Emotional intelligence is critical. A hallmark of humanity is our emotions.

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Handout from “Ethical Implications of Generative AI for the Michigan Lawyer” Presentation

Dennis Kennedy

From understanding the basic definitions of AI and its integration in the legal sector to diving deep into the duty of technology competence, this FAQ addresses many key issues. While the AI tool may have generated the content, lawyers must exercise due diligence to ensure that the advice or document is accurate and appropriate.

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