Sat.Jul 29, 2023 - Fri.Aug 04, 2023

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As Gen AI Explodes, Will Legal Tech Companies Get More Aggressive Protecting Company Secrets?

Legal Tech Monitor

Some legal tech organizations are rethinking their employment contracts in the face of the competition fueled by generative AI. Still, experts told Legaltech News they expect to see more litigation around employment contracts going forward.

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AI-Pocalypse: The Shocking Impact on Law Firm Profitability

3 Geeks and a Law Blog

by 3 Geeks ( Ryan McClead , Greg Lambert , and Toby Brown ) This is part 3 in a 3 part series. Part 1 questions Goldman’s Sachs data showing that 44% of of legal tasks could be replaced by Generative AI. In Part 2, we find some better data and estimate an upper limit of 23.5% of revenue that could be reduced by Generative AI. All of our assertions and assumptions will be discussed in further detail in a free LVN Webinar on August 15th.

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Innovative Thinker: Colin Levy Of Malbek

Above the Law - Technology

The company's chief lawyer weighs in on his career path, the future of the legal industry, and what he would change about the practice of law. The post Innovative Thinker: Colin Levy Of Malbek appeared first on Above the Law.

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Understanding Legal Service Request Management and the Legal Front Door

Ward Blawg

In today’s fast-paced business world, legal departments face increasing demand for their services, says our newest legal technology contributor on our blawg. And with limited resources and growing types of legal support required, legal teams are under immense pressure to meet demand while maintaining efficiency and cost reduction.

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Trellis Launches Trellis AI to Streamline Trial Court Litigation

Trellis AI leverages the largest repository of state trial court data to help litigators evaluate cases, automate brief drafting, suggest winning strategies, and more. Key components: Draft Arguments — Uses similar/successful motions in the Trellis database to generate arguments/citations for your motions seeking dismissal, summary judgment, etc. Case Assessment — Predict the likely outcomes of a case at any stage to help you decide to accept it, guide motion practice, make settlement offers, an

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AI Engines, Legal Content, and the Questions of Consent and Fair Use: A Looming Battle?

Kevin O'Keefe

Could we see law firms questioning Google and OpenAI on the use of law blogs published by law firms and other legal content in these AI engines? The issue is being raised by larger publishers, as reported by the Wall Street Journal on Sunday. The emerging awareness has set up a war between the forces behind the inputs and the outputs of these new artificial intelligence tools, over whether and how content originators should be compensated.

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Generative AI Could Reduce Law Firm Revenue by 23.5%

3 Geeks and a Law Blog

by 3 Geeks ( Ryan McClead , Greg Lambert , and Toby Brown ) This is part 2 in a 3 part series. The first part is here. Part 3 will come out tomorrow. The Big Idea: We found a much better dataset, though still small, from which to extrapolate actual effects of Generative AI on the legal industry. Key takeaways: We got anonymized and summarized data for 10 corporate legal departments from LexisNexis CounselLink The data showed that almost 40% of time entries, representing 47% of billings, could po

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Trellis Releases ‘Law Firm Intel’ Providing Insights into Major US Law Firms for the First Time

Trellis.Law Blog

? Extra! Extra! Read All About It! Don’t miss today’s press release on our new Law Firm Intelligence solution. Gain unprecedented visibility into the strategy & supporting documents of firms litigating in state trial courts. ? View the release: [link] Continue reading → The post Trellis Releases ‘Law Firm Intel’ Providing Insights into Major US Law Firms for the First Time first appeared on Trellis.Law Blog.

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Are You Financially Ready for Retirement?

Attorney at Work

Camille Stell | Are you financially prepared for a long life after law? You may live a lot longer than you think — tips for planning accordingly. The post Are You Financially Ready for Retirement? appeared first on Attorney at Work.

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44% of Investment Bankers Think They Can Make Lots of Money Off of Attorney Insecurity (AI)

3 Geeks and a Law Blog

This is the first in a 3-part blog post , it first appeared on The Sente Playbook. The other 2 posts are co-authored by Toby Brown and Greg Lambert and will follow later this week. Apologies for the length of this post, but I was channeling my inner Casey Flaherty. The Big Idea: The data that Goldman used is insufficient to make the claims about Generative AI’s effect on legal that their report did.

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4 Tips For Lawyers To Master The Art Of Productive AI Conversations

Above the Law - Technology

Anybody can interact with a generative AI tool. Getting the results you want, however, is an art unto itself. The post 4 Tips For Lawyers To Master The Art Of Productive AI Conversations appeared first on Above the Law.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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Shady Business: Tree Litigation in a State Trial Court

Trellis.Law Blog

In the past week, 160,000 actors and media personalities from SAG-AFTRA joined the 11,000 members of the Writers Guild of America (WGA) who have been on the picket line since May. The reason for the collective action was the breakdown… Continue reading → The post Shady Business: Tree Litigation in a State Trial Court first appeared on Trellis.Law Blog.

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Citing ‘Political Challenges,’ ABA Innovation Center Cancels Op-Ed Advocating Regulatory Reform; In An Exclusive, We Have the Piece They Wouldn’t Publish

LawSites

Citing “political challenges” within the American Bar Association, and reportedly out of fear of budget cuts or even its own shutdown, the ABA’s Center for Innovation canceled publication of an op-ed arguing in favor of regulatory reform, only notifying its authors on the day it was to have been published this week. This comes as the ABA convenes its 2023 annual meeting this week in Denver, where the Center faces both budget-review meetings and a change in the composition of th

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How A Century-Old Insight of Photography Can Inform Legal Questions of AI-Generated Artwork (Guest Blog Post)

Eric Goldman

A new breed of artists is using generative artificial intelligence tools like DALL·E, Midjourney, Firefly, and ChatGPT to create artistic works. Do these creations belong to the artists or the public domain? Do creators who use generative AI maintain copyright in their creations? By guest blogger Prof. Christa Laser Artists and creators can generate digital images , alter photos , conjure creative text , or make code all from a set of natural language text-based prompts using generative artifi

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How GCs Can Use Generative AI To Speak The Language Of Business More Fluently

Above the Law - Technology

Lawyers' use of that AI functionality can help CEOs and other business stakeholders better understand the legal implications of their decisions and actions. The post How GCs Can Use Generative AI To Speak The Language Of Business More Fluently appeared first on Above the Law.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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Alt Legal acquires business of trademark docketing software competitor TM Cloud

Legal IT Insiders

Kansas City-headquartered automated trademark docketing software provider Alt Legal today (3 August) announced that it has acquired the business of competitor TM Cloud. As part of the transition, TM Cloud … Alt Legal acquires business of trademark docketing software competitor TM Cloud Read More » The post Alt Legal acquires business of trademark docketing software competitor TM Cloud appeared first on Legal IT Insider.

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BriefCatch Raises A $3.5M Seed Round to Expand Its Legal Editing Software and Add AI-Powered Features

LawSites

LawCatch, Inc., developer of the BriefCatch legal editing software, has raised $3.5 million in an oversubscribed seed round. Lead investor in the round is TIA Ventures , which will take a seat on the LawCatch board. Other participants included RiverPark Ventures, C2 Ventures, and Wilson Sonsini Investments Co. BriefCatch founder Ross Guberman said that the company will use the investment to: Launch a suite of related products.

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Ninth Circuit Reaffirms the “Server Test” for Direct Infringement of the Public Display Right — Hunley v. Instagram, LLC (Guest Blog Post)

Eric Goldman

By Guest Blogger Tyler Ochoa Recently, the Ninth Circuit reaffirmed what has become known as the “server test”: in order to be held directly liable for violating the public display right, the alleged infringer must have a fixed “copy” of the work stored on a server in its possession or control. Hunley v. Instagram, LLC , 2023 WL 4554649 (9th Cir. July 17, 2023).

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NetDocuments’ Rebecca Sattin On Customer-First Approach And Future-Proofing Your Firm [Sponsored]

Above the Law - Technology

How a customer-focused transition from Worldox to NetDocuments sets the stage for a future of successful tech advancement. The post NetDocuments’ Rebecca Sattin On Customer-First Approach And Future-Proofing Your Firm appeared first on Above the Law.

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SEC Issues Final Cybersecurity Rules Enhancing and Modifying Disclosure Requirements: Companies will want to Measure Twice and Cut Once

Technology Law Dispatch

On July 26, 2023, the U.S. Securities and Exchange Commission (“SEC”) adopted new rules specifying enhanced disclosure regarding cybersecurity risk management, strategy governance, and incident disclosure. The SEC first proposed new cybersecurity rules back in March 2022. The agency’s comments to the final rule suggest greater disclosure and improved consistency of disclosures will benefit investors.

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Everlaw Unveils AI Assistant Powered by Generative AI

Legal Tech Blog

Everlaw , the cloud-native investigation and litigation platform, announced its Everlaw AI portfolio with newly released generative AI features available in a beta program to give legal teams an instant leg-up in text-based work and greater productivity across legal workflows within its trusted and highly secure platform. Everlaw unveiled three videos to outline the news and add greater context.

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Specific Steps to Take If You Receive a Threat

Attorney at Work

Teddy Snyder | America is a violent country, and lawyers have not been spared. Here what to do if you receive a threat. The post Specific Steps to Take If You Receive a Threat appeared first on Attorney at Work.

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Law Firm Data Breaches Surge In 2023

Above the Law - Technology

Cybercriminals appear to be successfully hitting small and large firms alike. The post Law Firm Data Breaches Surge In 2023 appeared first on Above the Law.

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What Drives Progress in Information Governance (and Why Does It Matter)?

K&L Gates e-Discovery Analysis & Technology Group

Last month’s Master’s Conference in London included presentations and discussions on issues relevant to electronic discovery, including artificial intelligence and different jurisdictions’ legislative and regulatory responses to that new technology, project management and legal operations issues, document review platforms, cross-border discovery, information governance, and data privacy.

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Section 230 Immunizes Facebook’s “Design and Architecture” Choices–M.P. v. Meta

Eric Goldman

This case involves the murderous attack by Dylann Roof against the Emanuel AME Church in Charleston, S.C., killing nine African-Americans. A victim’s daughter sued Facebook, alleging that Facebook’s “design and architecture” radicalized Roof, and that should disqualify Facebook for Section 230. The court doesn’t do the standard 3-part prima facie review of the Section 230 defense elements.

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Lawyer Layoffs: 5 Tips for Job-Hunting Lawyers

Attorney at Work

The Friday 5 | Worried about law firm layoffs? Here are five tips for current and future legal job seekers. The post Lawyer Layoffs: 5 Tips for Job-Hunting Lawyers appeared first on Attorney at Work.

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Maybe You Don’t Need To ‘Recession-Proof’ Your Firm After All?

Above the Law - Technology

But your rivals are still on the cutting edge of tech. Here’s how you can join them and even get ahead. The post Maybe You Don’t Need To ‘Recession-Proof’ Your Firm After All? appeared first on Above the Law.

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Guide to Enhancing Law Firm Productivity

Law Technology Today

In an evolving legal environment with market competition at an all-time high, the technical competence of law firms and legal departments of large organizations have to be top notch. It is imperative for legal practitioners to stay updated on regulatory changes as they happen in order to be best suited to service their clients or manage their departments.

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Texan J6er’s Social Media Censorship Case Moved to California–Davis v. Facebook

Eric Goldman

Paul Davis is a lawyer and a self-described “ J6er ,” i.e., a participant in the January 6, 2021 U.S. Capitol insurrection. (His current Instagram bio: “God-fearing, freedom-fighting, ultra-MAGA TX lawyer for patriots J6er”). His legacy Facebook and Instagram accounts got suspended because he posted videos about January 6. Davis then created new Facebook and Instagram accounts to discuss “conservative viewpoints,” which allegedly drew 15,000 followers on Insta

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Boost Your Law Firm’s Online Presence With the Power of Image Optimization

Justia Legal Marketing & Technology blog

If you are a lawyer, your future clients are certainly looking online for information about legal services. As such, having a well-designed and user-friendly website that performs well in search engine rankings is essential. However, when law firms begin optimizing their websites, they frequently overlook the importance of image optimization and its role in both online visibility and search engine rankings.

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How Generative AI Works (Part III)

Above the Law - Technology

A discussion on how training works for generative AI tools like ChatGPT. The post How Generative AI Works (Part III) appeared first on Above the Law.

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AI in Banking and Finance, July 30, 2023

LLRX

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers 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. Each entry includes the publication name, date published, article title and abstract.

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Measuring in-house legal ROI on external counsel engagements

Xakia

Whatever the reason for outsourcing legal work to external counsel, the costs must justify the choice relative to other resourcing options.

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Discover the Four Cornerstones of Law Firm Success With Justia Webinars

Justia Legal Marketing & Technology blog

Are you a solo attorney or managing a small law firm? Do you wonder how to unlock your law firm’s full potential? If you answered yes to these questions, mark your calendar on August 11 for an exciting, members-only presentation that will equip you with tools and strategies to thrive in a competitive industry. What to Expect in This Justia Webinar Great Life, Great Practice: Four Cornerstones of Law Firm Success will be held on Friday, August 11 at 2:00 p.m.

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LexisNexis Lays Out More Details On Its Collaboration With Microsoft To Roll Out Generative AI Products

Above the Law - Technology

New information about the products being developed through the LexisNexis-Microsoft collaboration. The post LexisNexis Lays Out More Details On Its Collaboration With Microsoft To Roll Out Generative AI Products appeared first on Above the Law.

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