Tue.Jan 23, 2024

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Does AI Signal The End Of The Billable Hour?

Above the Law - Technology

One thing is for sure: as AI helps automate and make work more predictable, both law firms and clients will benefit. The post Does AI Signal The End Of The Billable Hour? appeared first on Above the Law.

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What Should Be on Your AI Wishlist for eDiscovery: Insights from Dave Ruel, VP of Product at Hanzo

Hanzo Blog

In the rapidly evolving world of Artificial Intelligence (AI), it's crucial for enterprises to adopt technologies that integrate seamlessly into mission-critical workflows. Understanding the practicalities of this integration, especially in the legal domain, is key. To delve deeper into this topic, I had the opportunity to speak with Dave Ruel, VP of Product at Hanzo.

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The Future Of Professionals Report: How AI Is The Catalyst For Transforming Every Aspect Of Work [Sponsored]

Above the Law - Technology

1,200 professionals weigh in on fulfilling the promise of artificial intelligence. The post The Future Of Professionals Report: How AI Is The Catalyst For Transforming Every Aspect Of Work appeared first on Above the Law.

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Exclusive: Panoram launches contract lifecycle management application in M365 

Legal IT Insiders

Panoram, the enterprise legal software solutions company founded by former Neota Logic managing directors Rick Seabrook and Greg Wildisen and Epiq Systems’ president Chris Olofson, has launched its own contract … Exclusive: Panoram launches contract lifecycle management application in M365 Read More » The post Exclusive: Panoram launches contract lifecycle management application in M365 appeared first on Legal IT Insider.

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Protecting Your Investment: How to Realize a Robust ROI From Associates

Attorney at Work

Wendy Merrill | The only way younger associate attorneys will make money for your firm is if they feel the firm is invested in their training and success. The post Protecting Your Investment: How to Realize a Robust ROI From Associates appeared first on Articles, Tips and Tech for Law Firms & Lawyers.

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Two More Cases Compel Arbitration for Dubious Online Contracts (Guest Blog Post)

Eric Goldman

by guest blogger Kieran McCarthy The intersection of the Federal Arbitration Act and the law of online contracts has become utterly corrosive to our legal system. Many people think this is true. But not enough lawyers say it often enough. Or loudly enough. When Congress enacted the Federal Arbitration Act (FAA), it did so to establish a policy favoring arbitration when contracting parties sought to resolve their disputes by arbitration.

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Document and Email Technology Predictions for 2024

Legal IT Professionals

As trusted advisors to law firms around the globe, we're often asked about the latest trends in legal tech and how firms can make the most of new opportunities. In this guest article, we aim to help legal professionals stay ahead of the game by providing expert insights on emerging document and email technology trends in 2024.

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Panoram Launch Innovative New Contract Management Application built in M365: Panoram Contracts

Legal IT Professionals

Panoram, a leading provider of enterprise legal software solutions, is thrilled to announce the launch of Panoram Contracts, an innovative new contract lifecycle management (CLM) suite designed to transform enterprise-wide contract collaboration.

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Legal AI Tools

Lawmatics

Legal software utilizing artificial intelligence (AI) helps law firms automate routine tasks like billing and document management, allowing lawyers and staff to focus on strategic tasks (or other areas that require their skills and expertise) and less on repetitive administrative tasks. How is AI Being Used in the Legal Field? AI is increasingly being used in the legal industry to streamline processes, enhance efficiency, and provide valuable insights.

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The Thomson Reuters State of the Legal Market Report: Shifting Tides in Legal Practice?

TechLaw Crossroads

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. I have written about the reports before; I find them enlightening and generally well done. The 2024 Report is based on data from some 179 U.S. law firms developed by Thomson Reuters’ Financial Insights platform.

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E-Discovery Consolidation Continues: Complete Legal Acquires Frontline's E-Discovery Business

Legal Tech Monitor

The acquisition comes just weeks after Complete Legal also announced it was merging with two e-discovery and legal support companies—Chicago-based L2 Services and St. Louis-headquartered Precise Legal.

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Law Firm Invoice Alchemy: Transforming Legal Billing Details into Client Delight

Rocket Matter

You might not think of billing as a way to delight your clients, but it’s time to give it a bit of a rethink. It’s not only that invoices that have your logo are three times more likely to be paid, but just imagine how a detailed (but not jargony) and consistent invoice can help you achieve your goal of being paid regularly and avoiding client disputes.

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The Thomson Reuters State of the Legal Market Report: Shifting Tides in Legal Practice?

Legal Tech Monitor

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. I have written about the reports before; I find them enlightening and generally well done. The 2024 Report is based on data from some 179 U.S. law firms developed by Thomson Reuters’ Financial Insights platform.

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Using Your Website as the Flywheel for Law Firm Growth

Rocket Matter

All the successful law firms you see on TV are full of sharpshooters with the smartest teams, the sleekest offices, and the sharpest suits in town. But wait—is their website still stuck in the dial-up era? Having a law firm website is as much of a no-brainer as owning a law library or sporting that indispensable power suit. After all, your website is where first impressions are made, relationships begin , and practice growth happens.

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CLM Provider Evisort Launches Document X-Ray, a Gen AI Custom Model Builder

Legal Tech Monitor

Evisort’s Document X-Ray turns users’ natural language questions about their contracts into custom, artificial intelligence models that can automatically populate data fields for any agreements.

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Antitrust Regulators may learn Microsoft’s ties with OpenAI.

Vogel IT Law

Computerworld.com reported that “The US, the UK, and the EU are all looking into Microsoft’s connections to ChatGPT creator OpenAI.” The January 23, 2024 report entitled ” Regulators probe Microsoft’s OpenAI ties — is it only smoke, or is there fire?” ( [link] ) included these comments: …Microsoft faces several potential antitrust probes around the world that could be far more consequential; regulators want to know more about the company’s close relationship with OpenAI, the creator of Cha

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'Diversity Facilitates Excellence': AIG's ACG Dawson Horn on Why He Co-Founded New Organization BUiLT

Legal Tech Monitor

Co-founded by Horn and several legal and legal tech professionals, Blacks United in Leading Technology International (BUiLT) aims to address many disparities that persist across the legal market.

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The ROI of ELM Software: Calculating the Value for In-House Legal Teams

MatterSuite

In modern legal practice, in-house legal teams face an ever-increasing demand to streamline operations, mitigate risks, and deliver results with unmatched efficiency. Enter Enterprise Legal Management (ELM) software–a comprehensive solution designed to revolutionize the way legal professionals manage their tasks and responsibilities. In this blog post, we will delve into the core features of ELM software and explore how it can significantly enhance the ROI for in-house legal teams.

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Onit Launches Generative AI Legal Ops Assistant for Legal Departments

Legal Tech Monitor

Onit’s Catalyst Virtual Assistant for Legal Operations, a generative artificial intelligence powered assistant for in-house counsel, can automatically populate legal service requests, draft follow-up emails, and translate different languages.

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Software giant Epicor selects Agiloft’s CLM platform

Legal IT Insiders

Global enterprise software provider Epicor has selected US-headquartered contract lifecycle management vendor Agiloft to help digitally transform its contract-driven processes globally. We’re told that Agiloft’s platform will be closely integrated […] The post Software giant Epicor selects Agiloft’s CLM platform appeared first on Legal IT Insider.

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The Future Of Professionals Report: How AI Is The Catalyst For Transforming Every Aspect Of Work [Sponsored]

Legal Tech Monitor

1,200 professionals weigh in on fulfilling the promise of artificial intelligence. The post The Future Of Professionals Report: How AI Is The Catalyst For Transforming Every Aspect Of Work appeared first on Above the Law.

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Sarah A. Sutherland

Colin S. Levy

Sarah A. Sutherland stands out as a multifaceted professional, combining her expertise as a writer, speaker, and executive in the realms of legal technology, information, and publishing. As the principal consultant at Parallax Information Consulting, her work primarily revolves around strategizing legal data. Her contributions to the field are further highlighted in her 2022 Routledge-published book, "Legal Data and Information in Practice: How Data and the Law Interact.

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Does AI Signal The End Of The Billable Hour?

Legal Tech Monitor

One thing is for sure: as AI helps automate and make work more predictable, both law firms and clients will benefit. The post Does AI Signal The End Of The Billable Hour? appeared first on Above the Law.

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Inside a Bank's Outside Counsel Selection Process: A Chat With Legalweek Speaker Bindu Cudjoe

Legal Tech Monitor

Selecting outside counsel panels is no easy task. For Laurentian Bank’s Bindu Cudjoe that means choosing the right technology and balancing a host of criteria, from cost to DEI considerations.

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Software giant Epicor selects Agiloft’s CLM platform

Legal Tech Monitor

Global enterprise software provider Epicor has selected US-headquartered contract lifecycle management vendor Agiloft to help digitally transform its contract-driven processes globally. We’re told that Agiloft’s platform will be closely integrated [.] The post Software giant Epicor selects Agiloft’s CLM platform appeared first on Legal IT Insider.

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All The Copyrights AI Can Fit

Legal Tech Monitor

Despite OpenAI’s legal positioning and steps to act responsibly when it comes to copyright issues in this new and uncertain legal and technological landscape, it has proven unable to avoid being hauled into court. The post All The Copyrights AI Can Fit appeared first on Above the Law.

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On LawNext: How Courts, Lawyers and Legal Tech Companies Should Handle Sealed Court Documents: A Panel Discussion

Legal Tech Monitor

At a time when legal technology companies are making it easier to access and analyze court documents, what should – and should not – be done to protect confidential court documents that are sealed from public access? This question came to a head last July, when a federal court in North Carolina took the drastic step of issuing a standing order that effectively banned lawyers in that district from using third-party service providers such as PacerPro, RECAP or DocketBird.

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Putting the IG In Information Governance – The Ins and Outs of IG

Legal Tech Monitor

From : Blog Entry >> Glenn’s Blog Entry Information Governance (IG) is a firm-wide approach to the management and protection of all data related to a firm and its clients, ensuring the information assets are handled securely and in accordance with legal and regulatory requirements. This includes the development and implementation of policies and procedures for the creation, storage, use, and disposal of data, as well as the use of appropriate technology and training to make certain all i

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What Should Be on Your AI Wishlist for eDiscovery: Insights from Dave Ruel, VP of Product at Hanzo

Legal Tech Monitor

In the rapidly evolving world of Artificial Intelligence (AI), it’s crucial for enterprises to adopt technologies that integrate seamlessly into mission-critical workflows. Understanding the practicalities of this integration, especially in the legal domain, is key. To delve deeper into this topic, I had the opportunity to speak with Dave Ruel, VP of Product at Hanzo.

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Florida Bar Provides Attorneys with Roadmap for Integrating AI into Their Legal Practice

Legal Tech Monitor

“Ethics opinions like this are crucial because they are going to help us with the latest technologies,” said F. Scott Westheimer, president of the Florida Bar.

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Deloitte Launches Gen AI-Powered NavigAite Solution on RelativityOne and Relativity Server

Legal Tech Monitor

The new solution aims to help organizations accelerate document review, employee conduct investigations, PII identification and compliance activities.

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Gen AI Legal Startup CallidusAI Raises Investment Led by Andrew Ng's AI Fund

Legal Tech Monitor

CallidusAI offers a generative AI-powered legal research platform with automated document summary, drafting and redlining capabilities.

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Innovative New Project Launches to Increase Access to Justice for the Overlooked Middle Class

Legal Tech Monitor

An important addition to the national access to justice landscape, the Above the Line Network (ATLN) has launched today to tackle the daunting challenges that middle-class Americans face when seeking legal help that doesn’t break the bank. While most organized access to justice efforts rightly focus on low-income and poor people who are especially vulnerable, we can never achieve our nation’s ideal of equal justice for all when middle-class people—who make up more than 50% of the nation’s popula

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Tech Snippets Today – Alison Smith & Geoff Schaefer, Booz Allen Hamilton with Joseph Raczynski

Legal Tech Monitor

Today we dive into the implications, considerations, and possibilities of open-source generative AI systems! One question that looms for many is could Open-source AI help, hinder or simple coexist with a closed system. As you likely know open-sourced approaches, have democratized access to software, ensured transparency, and improved security for decades, but can it have a similar impact on AI?