Wed.Jan 31, 2024

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Will Contract Troubles Take Song And Dance From TikTok?

Above the Law - Technology

The ones where people are talking are better than the dancing ones anyway. The post Will Contract Troubles Take Song And Dance From TikTok? appeared first on Above the Law.

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Navigating the Future of Legal Tech with Caroline Hill (TGIR Ep. 233)

3 Geeks and a Law Blog

This week, Greg Lambert sat down with ⁠ Caroline Hill ⁠ , Editor-in-Chief for Legal IT Insider to discuss the new partnership with NetLaw Media. Hill described the ⁠ new partnership between Legal IT Insider and NetLaw Media ⁠ as a mutually beneficial collaboration with significant synergy between the two organizations. She emphasized the complementarity of their focuses, with Legal IT Insider’s emphasis on impartial coverage and promotion of various conferences in the legal tech sector, and NetL

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Practice Management Company Clio Says It Will Heighten Its Focus On Mid-Sized Law Firms

Above the Law - Technology

The legal technology company Clio, which started 16 years ago as a law practice management platform tailored to solos and small firms, said this week that it will now heighten its focus and investment on technology for mid-sized law firms of more than 20 employees. “In an era where technological advancement defines business success, mid-sized law firms face unique challenges in the legal market,” said Jack Newton, Clio’s founder and CEO.

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Lawmakers Sound Alarm on Unregulated Pharmaceuticals in Letter to FDA

Trellis.Law Blog

On January 18th, House lawmakers sent a bipartisan letter to the FDA addressing the growing danger of an unregulated synthetic drug being sold at gas stations across the United States, commonly known as “gas station heroin.” Tianeptine is a drug… Continue reading → The post Lawmakers Sound Alarm on Unregulated Pharmaceuticals in Letter to FDA first appeared on Trellis.Law Blog.

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TermScout Launches Screens, First-of-its-Kind Marketplace for Lawyers to Build and Sell Contract Review AIs

LawSites

TermScout , an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise. The marketplace, called Screens , provides lawyers with an opportunity turn their expertise from a service into a product, while at the same time enabling those reviewing contracts to get a contract review AI tailored to their specific use case by someone who is an expert

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Guide to Running a Solo Legal Practice

Martindale-Avvo

There’s nothing like the excitement of opening a solo law practice. You answer to no one except your clients, and every decision comes back to you. Even with this excitement, your new venture can be intimidating. Many attorneys start their practices without experience in business management, accounting, or marketing — then realize they have to do all those things as a solo office.

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General Ledger in Accounting: A Guide

Clio

For most businesses of any substantial size, the general ledger acts as the backbone of the company’s accounting system. This is certainly true for legal practices, which rely on general ledger accounting to perform essential requirements specific to the legal industry. Accordingly, law firms must be able to maintain their general ledgers and perform all the accounting functions that go along with them.

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LLRX January 2024 Issue

LLRX

Articles and Columns for January 2024 The 2024 ‘Burning Issues’ Confronting Firm Leaders – At the end of December 2023, Patrick J, Mckeena and Michael B. Rynowecer presented 200 Firm Leaders with a selection of over 40 timely and potential ‘Burning Issues’ – and asked of them “what do you anticipate as the highest priorities.

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Spellbook Raises $20M Series A Funding

Legal Tech Blog

Spellbook has announced their $20M Series A funding round led by Inovia Capital. Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round. “​​We’ve been amazed by the explosive usage growth our platform has experienced, since launching Spellbook as the first generative AI contract drafting tool in 2022” shared Scott Stevenson , CEO and co-founder of Spellbook, “This raise marks

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AI in Banking and Finance, January 31, 2024

LLRX

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions.

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Section 230 Protects Zillow for Publishing Property Information–Choudhuri v. Specialized Loan

Eric Goldman

This lawsuit relates to a property foreclosure contested by the then-property owner, Choudhuri, who sued pro se. “Choudhuri appears to allege that Zillow ‘illegally’ published information regarding the property at issue on its website, including listing it ‘for auction.'” This leads to an easy Section 230 dismissal. ICS Provider.

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The Best Lawyer Review Sites

Clio

From selecting a restaurant to planning a trip, consumers often rely on the experiences of those around them to inform their decisions. The process of searching for a lawyer is no different. In today’s digital age, lawyer review sites play a vital role in offering insights and perspectives that significantly impact a client’s decision-making process.

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Survey: General Counsel Expect Significant Increase in Technology Investments and AI Adoption

Legal IT Professionals

FTI Consulting, Inc. and global legal technology company Relativity today announced findings from part two of The General Counsel Report. The newly released study found that general counsel are placing more emphasis on developing technical acuity and embracing innovation than in previous years, and 75% expect to use generative artificial intelligence in the legal function in the near term.

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LexisNexis Report: “What Every C Suite Leader Needs to Know about Legal AI”

Dewey B Strategic

Today LexisNexis Legal & Professional, released results from a survey of senior leadership at top U.S. law firms and legal professionals at Fortune 1000 companies. The survey “ What Every C Suite Leader Needs to Know about Legal AI” explores the business impact of generative AI technology on the legal industry. I can’t recall any prior technology that has simultaneously trigged both of breathless enthusiasm and panicked resistance.

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Clio Unveils New 2024 Report: Legal Trends for Mid-Sized Law Firms

Legal IT Professionals

Clio, the world’s leading provider of cloud-based legal technology, unveiled its 2024 Legal Trends for Mid- Sized Law Firms report at the Legalweek New York conference. The report highlights crucial areas impacting mid-sized law firms, defined as firms with 20 or more employees. It encompasses financial performance, the impact of legal technology, and—new this year—includes perceptions of artificial intelligence in legal practice.

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What’s new in OpenText Axcelerate

OpenText

The latest announcement by OpenText of Cloud Editions includes some great updates to OpenText™ Axcelerate™. Check out the latest updates below. January 2024: What's new in OpenText Axcelerate CE 24.1 Empower your team with more choice to maximize eDiscovery control and efficiency With 24.1, OpenText now provides Axcelerate Cloud users with more choices than ever to leverage the most appropriate TAR workflow to meet the time, risk, and budget constraints of each project and the preferred workflow

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LexisNexis Report: “What Every C Suite Leader Needs to Know about Legal AI”

Legal Tech Monitor

Today LexisNexis Legal & Professional, released results from a survey of senior leadership at top U.S. law firms and legal professionals at Fortune 1000 companies. The survey “ What Every C Suite Leader Needs to Know about Legal AI” explores the business impact of generative AI technology on the legal industry. I can’t recall any prior technology that has simultaneously trigged both of breathless enthusiasm and panicked resistance.

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The Orange Rag Newsletter is Here! Embracing the challenges of 2024 – Let’s start with a look in the mirror

Legal IT Insiders

January is typically the month of the year when we either go on a health kick, or rant and rave at people going on a health kick for ruining an […] The post The Orange Rag Newsletter is Here! Embracing the challenges of 2024 – Let’s start with a look in the mirror appeared first on Legal IT Insider.

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Practice Management Company Clio Says It Will Heighten Its Focus On Mid-Sized Law Firms

Legal Tech Monitor

The legal technology company Clio, which started 16 years ago as a law practice management platform tailored to solos and small firms, said this week that it will now heighten its focus and investment on technology for mid-sized law firms of more than 20 employees. “In an era where technological advancement defines business success, mid-sized law firms face unique challenges in the legal market,” said Jack Newton, Clio’s founder and CEO.

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Reminder: UK International Data Transfer Deadline Approaching

Debevoise Data Blog

In 2022 , the UK ICO published the International Data Transfer Agreement (“IDTA”) and the International Data Transfer Addendum to the European Commission’s Standard Contractual Clauses (“the Addendum”). In short, the UK’s answer to the EU’s Standard Contractual Clauses for helping legitimise cross-border transfers of personal data. When announced, businesses were told that the EU SCCs would no longer be deemed to provide “adequate safeguards” and that as a result: all new UK data transfer agree

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Legalweek Day 1: Why Gen AI Still Holds Legal Professionals' Attention

Legal Tech Monitor

When it comes to the hottest technology of Legalweek 2024, attorneys and legal professionals are uncharacteristically eager, while legal tech vendors are betting that slow and steady may win the race.

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New York State Bar Association Objects to Governor’s Transfer of Funds That Belong by Law to Low-Income New Yorkers–NYSBA

lennyesq

By Susan DeSantis Richard Lewis, president of the New York State Bar Association, issued the following statement about Gov. Kathy Hochul’s executive budget, which moves $100 million from a fund that pays for low-income New Yorkers to get civil legal services, to the general fund: “The New York State Bar Association strenuously objects to Gov. Kathy Hochul’s misguided maneuver to take possession of $100 million that rightly belongs to New Yorkers who are about to lose their homes, who are seeking

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Legalweek Day 1: Love for the LLM Agnostic Approach, and Appeal of 'Humanness'

Legal Tech Monitor

New legal tech tools and powerful technologies brought not only innovations to Legalweek 2024 in New York, but also brought with them a renewed focus on the importance of relationship-building.

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eDiscovery leader CloudNine Named Best Emerging Technology in the Legalweek Leaders in Tech Law Awards 2024 Program

CloudNine

January 31, 2024 – HOUSTON—Law.com and Legaltech News announced eDiscovery technology leader CloudNine the winner of the Best Emerging Technology (Non-AI) award in their Legalweek Leaders for Tech Law Awards 2024 program for building a platform for managing modern data like text messages, chat, and social media messages. The use of newer forms of communications in the workplace creates growing digital evidence challenges for legal teams and the growth: in 2023, every minute, there were ~11

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Dan Hauck from NetDocuments talks PatternBuilderMax growth and ND’s ’24 voices in 24? AI project

Legal Tech Monitor

We speak with NetDocuments’ chief product officer Dan Hauck about the rapid uptake of its gen AI document automation tool PatternBuilderMax (with growth stats) and also the Utah-headquartered company’s ’24 [.] The post Dan Hauck from NetDocuments talks PatternBuilderMax growth and ND’s ’24 voices in 24′ AI project appeared first on Legal IT Insider.

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Legalweek Live: Cole, Scott & Kissane’s CIO Jason Thomas talks new tech

Legal IT Insiders

[link] Jason Thomas, CIO of leading Florida law firm Cole, Scott & Kissane, discusses the technology that has caught his eye at Legalweek, and why. We also talk about a […] The post Legalweek Live: Cole, Scott & Kissane’s CIO Jason Thomas talks new tech appeared first on Legal IT Insider.

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Navigating the Future of Legal Tech with Caroline Hill (TGIR Ep. 233)

Legal Tech Monitor

This week, Greg Lambert sat down with ⁠ Caroline Hill ⁠ , Editor-in-Chief for Legal IT Insider to discuss the new partnership with NetLaw Media. Hill described the ⁠ new partnership between Legal IT Insider and NetLaw Media ⁠ as a mutually beneficial collaboration with significant synergy between the two organizations. She emphasized the complementarity of their focuses, with Legal IT Insider’s emphasis on impartial coverage and promotion of various conferences in the legal tech sector, and NetL

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Gina Taranto from ProSearch talk new gen AI tools and what eDiscovery can teach us about AI adoption

Legal IT Insiders

[link] Gina Taranto takes us through ProSearch’s new gen AI releases, and we discuss what the market can learn from the eDiscovery sector, which long ago went through the challenges […] The post Gina Taranto from ProSearch talk new gen AI tools and what eDiscovery can teach us about AI adoption appeared first on Legal IT Insider.

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Lawmakers Sound Alarm on Unregulated Pharmaceuticals in Letter to FDA

Legal Tech Monitor

On January 18th, House lawmakers sent a bipartisan letter to the FDA addressing the growing danger of an unregulated synthetic drug being sold at gas stations across the United States, commonly known as “gas station heroin.” Tianeptine is a drug. Continue reading → The post Lawmakers Sound Alarm on Unregulated Pharmaceuticals in Letter to FDA first appeared on Trellis.Law Blog.

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Dan Hauck from NetDocuments talks PatternBuilderMax growth and ND’s ’24 voices in 24? AI project

Legal IT Insiders

We speak with NetDocuments’ chief product officer Dan Hauck about the rapid uptake of its gen AI document automation tool PatternBuilderMax (with growth stats) and also the Utah-headquartered company’s ’24 […] The post Dan Hauck from NetDocuments talks PatternBuilderMax growth and ND’s ’24 voices in 24′ AI project appeared first on Legal IT Insider.

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Actionstep’s CEO Early Stephens talks mid-market priorities and tackling generational stress

Legal Tech Monitor

Early Stephens, CEO of Actionstep, talks about the progress in Actionstep’s acquisition of Soluno and why that is important to mid-market law firm clients. We discuss how technology can enable [.] The post Actionstep’s CEO Early Stephens talks mid-market priorities and tackling generational stress appeared first on Legal IT Insider.

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UW Law School & Library Recognized for Law School Innovation

Wisblawg

Last week, the University of Wisconsin Law School was recognized by Bloomberg Law in the 2023-24 Law School Innovation Program. The program recognizes law schools and their faculty and staff that have implemented and led innovative programs into their curricula that advance new methodologies and approaches to student instruction, legal technology implementation and usage, experiential learning, and other facets of legal education.

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Gina Taranto from ProSearch talk new gen AI tools and what eDiscovery can teach us about AI adoption

Legal Tech Monitor

[link] Gina Taranto takes us through ProSearch’s new gen AI releases, and we discuss what the market can learn from the eDiscovery sector, which long ago went through the challenges [.] The post Gina Taranto from ProSearch talk new gen AI tools and what eDiscovery can teach us about AI adoption appeared first on Legal IT Insider.

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Actionstep’s CEO Early Stephens talks mid-market priorities and tackling generational stress

Legal IT Insiders

Early Stephens, CEO of Actionstep, talks about the progress in Actionstep’s acquisition of Soluno and why that is important to mid-market law firm clients. We discuss how technology can enable […] The post Actionstep’s CEO Early Stephens talks mid-market priorities and tackling generational stress appeared first on Legal IT Insider.

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Legalweek Live: Cole, Scott & Kissane’s CIO Jason Thomas talks new tech

Legal Tech Monitor

[link] Jason Thomas, CIO of leading Florida law firm Cole, Scott & Kissane, discusses the technology that has caught his eye at Legalweek, and why. We also talk about a [.] The post Legalweek Live: Cole, Scott & Kissane’s CIO Jason Thomas talks new tech appeared first on Legal IT Insider.

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The Orange Rag Newsletter is Here! Embracing the challenges of 2024 – Let’s start with a look in the mirror

Legal Tech Monitor

January is typically the month of the year when we either go on a health kick, or rant and rave at people going on a health kick for ruining an [.] The post The Orange Rag Newsletter is Here! Embracing the challenges of 2024 – Let’s start with a look in the mirror appeared first on Legal IT Insider.

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TermScout Launches Screens, First-of-its-Kind Marketplace for Lawyers to Build and Sell Contract Review AIs

Legal Tech Monitor

TermScout , an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise. The marketplace, called Screens , provides lawyers with an opportunity turn their expertise from a service into a product, while at the same time enabling those reviewing contracts to get a contract review AI tailored to their specific use case by someone who is an expert