AG Proves LLMs Can Do Well On Due Diligence
Artificial Lawyer
OCTOBER 8, 2024
UK-based law firm, Addleshaw Goddard (AG), has tackled the challenge of using generative AI for large-scale tasks such as due diligence and found that LLMs.
Linklaters’ Approach to AI and Due Diligence
Artificial Lawyer
MARCH 10, 2025
Due diligence is a key area for commercial law firms and one that many legal AI companies have targeted. How does global firm Linklaters approach this key element of its work for clients? Artificia
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Thomson Reuters automates M&A due diligence for faster deal closures
Legal IT Professionals
APRIL 12, 2023
Amid economic uncertainty, law firms and legal departments have never been more focused on operating efficiently and making the most of advanced technologies and legal data to control costs and improve productivity.
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Rethinking Law Firm Strategy: The Road to Growth and Success with Toby Brown and Nita Sanger (TGIR Ep. 200)
3 Geeks and a Law Blog
MAY 3, 2023
There are three rules for growth and success when it comes to large law firms. Brown emphasizes the need for law firms to develop strategies that prioritize clients and build meaningful relationships. Strategy, strategy, and strategy. So we reached out to Toby a few weeks ago and asked what he’d like to talk about.
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ALSP Factor Launches Product for Law Firms to Manage and Support Transactions
LawSites
JUNE 8, 2021
There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms. Due diligence.
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Wolters Kluwer Launches Bank Failures Toolkit: Due Diligence, Risk, Communications and a Litigation Tracker
Dewey B Strategic
MARCH 30, 2023
One week after the collapse of Silicon Valley Bank, Wolters Kluwer posted a free publicly available resource Due Diligence Checklist.Since March 17 th they have added five addition resources to a suite of tools referred to as the Bank Failures Toolkit. The resources are developed for inhouse counsel and their external law firms.
Streamlining Procurement: How RFPs Benefit Corporate Legal Teams and Law Firms
MatterSuite
JUNE 19, 2023
In today’s fast-paced business environment, efficient procurement processes are crucial for corporate legal teams and law firms. An RFI serves as a preliminary step before issuing an RFP and plays a crucial role in gathering information and qualifying potential vendors or law firms.
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Wolters Kluwer Launches Bank Failures Toolkit: Due Diligence, Risk, Communications and a Litigation Tracker
Legal Tech Monitor
MARCH 30, 2023
One week after the collapse of Silicon Valley Bank, Wolters Kluwer posted a free publicly available resource Due Diligence Checklist.Since March 17 th they have added five addition resources to a suite of tools referred to as the Bank Failures Toolkit. The resources are developed for inhouse counsel and their external law firms.
Legaltech Due Diligence: Evaluating Cloud and AI Software
Legal Tech Monitor
OCTOBER 17, 2023
My past Daily Record articles can be accessed here. ** Legaltech Due Diligence: Evaluating Cloud and AI Software Technology is evolving at a pace never before seen. Given the rapid pace of change, your best option is to do all you can to avoid falling behind.
Law Firm Billing: Ultimate Guide and Best Practices
Clio
AUGUST 7, 2024
Billing is critical to the success of your law firm. And yet law firm billing, including billing clients and chasing down payments, can be one of the most repetitive, dreaded, and time-consuming parts of any lawyer’s day. Billable time and disbursement fees/expenses are logged throughout the case.
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First Year Legal Associates: What to Expect
Martindale-Avvo
MARCH 4, 2025
In 2021, 83% of law school grads found employment where passing the bar was a requirement or advantage. The jobs were secured within 10 months of graduating law school. How Much You Make Starting salaries for first year law firm associates vary widely, depending on the size of the firm and the area of the country.
Hebbia AI for Lawyers: What You Need to Know About the Latest Legal AI Tool
Clio
DECEMBER 13, 2024
Consider Clio Duo, the AI-powered feature in Clio Manage that helps law firms enhance their productivity and focus on what truly matters. How law firms can leverage Hebbia AI There are a number of practical ways that Hebbia could potentially help law firms looking to leverage its AI functionality.
Five Things to Look for in Shared Office Space
Attorney at Work
JULY 28, 2022
Due Diligence: Questions to Ask Before Selecting Your Next Shared Office Space. What About Renting an Office With Another Law Firm? Typically, lawyers who take an office with another law firm will do so because the cost is cheaper than a professional co-working operator and they do not need to sign a lease.
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Recruiting and Retention: Seven Strategies to Help Win the War for Talent
Attorney at Work
DECEMBER 6, 2021
Rethinking Law Firm Recruitment and Retention. As a result, firms should rethink their recruiting and retention strategies in a time of crisis. Articulate the case for your firm. Too often, we speak to law firm representatives who rely on outside surveys in setting the salary ranges for their positions.
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Legal Staffing Lessons for Today’s Marketplace
Attorney at Work
AUGUST 26, 2021
Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. on average in the fourth quarter of 2020, according to Thomson Reuters — and 15% among AmLaw 100 firms. Corporate law departments made structural shifts as well. Creative Staffing Arrangements Can Help Law Firms Win Business.
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Dentons Joins with Intanify to Uncover IP Risks Sooner
Legal Practice Intelligence
JULY 17, 2024
Intanify, a VC-backed AI fintech startup, announced a groundbreaking partnership with Dentons, the world’s largest law firm. Intanify has developed knowledge graphs covering IP due diligence and risk together with.
Johannes Scholtes: AI Is Finally Here. Now the Hard Work Begins for the Legal Industry (TGIR Ep. 191)
3 Geeks and a Law Blog
FEBRUARY 22, 2023
He joins us this week to discuss the need for lawyers and law firms to use these tools to enhance the power of the practice of law. And he warns that if the traditional legal resources of lawyers and firms won’t step up, there are others who will step in to fill that void. Johannes Scholtes 12:55 Yeah, yeah.
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Accepting Crypto Payments for Legal Services
Attorney at Work
JULY 5, 2022
Over the past few years, many law firms have started cryptocurrency practice groups. But are these law firms accepting crypto as payment? Still, cryptocurrency has risks, so make sure you have a clear understanding of cryptocurrency and how your firm can accept crypto payments. Getting Paid with Cryptocurrency.
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Chatbots for Lawyers
Clio
SEPTEMBER 18, 2024
Chatbots for lawyers are a time-saving automation tool that’s hosted on a law firm website and available 24/7. Having legal live chat is becoming increasingly common for law firms. Here are a few other benefits that chatbots bring to your law firm. What are chatbots for lawyers?
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Introducing Harvey AI: Revolutionizing the Legal Field with Artificial Intelligence
Martindale-Avvo
MAY 25, 2023
When engaged by a law firm, Harvey AI undergoes further training using the firm’s own work products and templates. This process familiarizes Harvey AI with the firm’s specific practices and enables it to provide tailored assistance. Who’s partnering with Harvey AI?
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AI Tools for Law Firm Lead Generation
Martindale-Avvo
JUNE 7, 2024
It’s no secret that lawyers and law firms must maintain an online presence to continually attract and retain clients, but digital marketing is labor-intensive and expensive. Some new AI tools promise to make this easier and accessible to firms of all sizes. Contact us today to see how we can help your firm to grow and expand.
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How Attorneys Can Use Legal Data for Legal Recruiting
Attorney at Work
JULY 14, 2021
Legal recruiting is an important business development tool for law firms looking to expand their client roster, build up their practice areas, and open offices in new locations. Litigation data lets firms conduct targeted legal recruiting. Have they moved from one law firm to another very frequently?
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Digital Transformation in Knowledge Management: Where Were We 5 years ago and Where Are We Now?
Legal Tech Monitor
APRIL 12, 2023
Much of these efforts were focused around contract review and due diligence, but extensive discussion also took place around the relevance of these tools for knowledge management. That year marked a decision point for many law firms: what was their long-term knowledge strategy? At least three types of [More]
AI Judges: Enhancing or Undermining the Justice System?
CaseFox
MARCH 30, 2023
A survey by Altman Weil found that 62% of law firm leaders believe that technology will replace human lawyers for certain tasks, such as document review and due diligence. The role of judges in the judicial system is to make impartial decisions based on the evidence presented in court.
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PCI Compliance for Law Firms: A Comprehensive Guide
MatterSuite
MAY 25, 2023
This is particularly true for law firms that handle sensitive client data, including credit card information. In this comprehensive guide, we will explore the importance of PCI compliance for law firms and provide detailed insights into achieving and maintaining compliance.
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Harnessing AI in Transactional Legal Work
Clio
FEBRUARY 21, 2025
With nearly three-quarters of a law firms hourly billable tasks potentially exposed to automation by AI, theres seemingly no limit to the ways AI can be leveraged in modern law firms. Consider: Do lawyers at your firm spend countless hours reviewing contracts for inconsistencies?
Legal Process Outsourcing Law Firms: A Complete Guide
MatterSuite
JANUARY 24, 2024
Initially emerging as a cost-cutting measure, LPO has evolved into a strategic imperative for law firms globally. This paradigm shift is evident in the increasing adoption of LPO by law firms of all sizes, from boutique practices to multinational corporations.
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Guest Post: Beating the Alternative – Why The Billable Hour is the Truest Representation of Cost
LawSites
AUGUST 25, 2021
The billable hour has been unfairly painted as the villain of law firm pricing, when in fact opacity is the issue. 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. The truth is that little has changed.
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Can Lawyers Ethically Store and Transmit Client Info in the Cloud?
Attorney at Work
JUNE 4, 2022
QUESTION: Our law firm would like to reduce our paper and physical storage use and costs by “going to the cloud” with our data. We don’t want an ethics violation due to a data breach of our clients’ confidential information. You just need to take reasonable due diligence to know it is secure. Due Diligence.
5 Marketing Automation Practices to Grow Your Law Firm
Rocket Matter
NOVEMBER 21, 2022
It’s also for running—and growing—your law firm. . Automation can play an important role in making your law firm’s operations more streamlined and less hands-on, but for many businesses, “automation” may sound like an intimidating, complex topic, one that’s too tech-y to touch. . Automation. Set clear goals .
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Litera to Acquire Legal AI Pioneer Kira Systems, Enhancing its Transaction Management Offering
LawSites
AUGUST 10, 2021
Marwaha said he sees Kira as a natural extension of the Litera Transact workflow, adding contract analysis and due diligence. As it stands today, he said, if a law firm is doing a project-based contract review, it is highly likely to be using Kira. Litera has made a dozen notable acquisitions over the past two years.
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What Is The Typical Law Firm Hierarchy And Structure?
CaseFox
SEPTEMBER 8, 2023
Law firms are not just the collection of various legal professionals under one roof. Law firms are intricate and have a well-designed hierarchy. If you are planning to work in any law firm, it is important to have a proper understanding of hierarchy. Typically, most of the law firm hierarchy is the same.
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How to avoid overpaying on law firm billing rates
Simple Legal
DECEMBER 15, 2022
of their external spending to law firm bills, according to a Gartner report. And with law firm billing rates on the rise , the best way to cut legal costs is to identify ways to avoid overpaying for law firm billing rates. But fortunately, what you can control is how much you spend on law firm billing rates.
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Professional & Personal Development Series: DEI for Law Firms
Martindale-Avvo
APRIL 25, 2024
DEI for law firms is about expanding the culture of a practice to include those whose voices have traditionally not been heard in the legal industry. An American Bar Association (ABA) study in 2019 surveyed 1,000 offices of major law firms. What Role Does DEI Have in Law Firms? What is DEI?
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With Launch of Second-Generation Platform, Legatics Expands from Transaction Management into Project Management
LawSites
FEBRUARY 7, 2023
With some 40 templates, customizable templates, and a new interface designed to be more intuitive, Legatics now supports legal project workflows and deal closures across a range of law firm departments, including banking and finance, litigation, capital markets, real estate, corporate and M&A, regulatory, employment and restructuring.
Why Your Law Firm Should Embrace Change and Migrate to Clio This Summer
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.
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Top 10 Cloud-Based Legal Technology Tools for Law Firms
MatterSuite
FEBRUARY 6, 2024
Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.
Top 10 Cloud-Based Legal Technology Tools for Law Firms
MatterSuite
FEBRUARY 6, 2024
Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.
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What Is a Managed Service Provider and Why Is It a Good Option for Small Law Firms?
Attorney at Work
JUNE 22, 2021
Managed service providers can provide small firms with the technology strategies and solutions usually reserved for large firms with in-house IT teams. Over the course of the pandemic, lawyers and staff at large law firms have confronted many of the technical obstacles and frustrations that small firm owners deal with all the time.
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Outgoing CEO Avaneesh Marwaha Says Litera Has Redefined the Legal Market During His Tenure
LawSites
APRIL 22, 2022
The company will be sticking to its mission of continuing to reduce the pain of running a law firm and helping to automate manual processes. Under his watch, Litera has grown global users by over 1,500%, annual revenue by 1,200%, and headcount from 85 employees to over 850 worldwide.
8 Must-Ask Questions Before You Hire a Freelance Lawyer
Attorney at Work
DECEMBER 7, 2021
And for law firms, remote work opens the door to alternative hiring options, including outsourcing substantive legal work to freelance lawyers. Meeting deadlines is critical to managing a successful law firm. A successful law firm requires good working relationships and a cohesive team.
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Women of Legal Tech: Julie Saltman
Law Technology Today
SEPTEMBER 7, 2023
Julie Saltman is the CEO and co-founder of Standd, an AI-native due diligence and deal review platform, which eliminates friction and creates clarity throughout the deal process, so everyone around the table can focus on building the relationships that are critical to success.
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The Legal Ethics of Cloud Computing & SaaS
Percipient
NOVEMBER 24, 2021
In short, lawyers must observe their long-standing ethical obligation to preserve client confidence and conduct due diligence into any service or vendor used to store client information. Other states describe a lawyer’s duty when choosing SaaS and cloud computing services as one of “due diligence.”
Positioning Yourself for Online Opportunities
Attorney at Work
OCTOBER 20, 2022
Prospects do their own research and due diligence. According to a recent survey by Hinge Marketing , 90% of buyers rule out a professional services firm before even speaking with someone there because they are unable to understand how the firm can help them after looking at the website or social media. The answer is yes.
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