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To find the most useful legaltech trends that lawyers need to know, we reached out to top industry technologists, lawyers, legal professionals, and consultants. We asked them this question: What will be the most important legaltechnology trends (or challenges) for lawyers and legal professionals to follow in 2025?
17th August, 2023 – London based legalAI company Genie AI has secured a grant of nearly £200,000 from Innovate UK to advance development of its category-leading AIlegal assistant. LONDON, UK.
17th August, 2023 – London based legalAI company Genie AI has secured a grant of nearly £200,000 from Innovate UK to advance development of its category-leading AIlegal assistant. LONDON, UK.
Australian legaltechnology company Lawpath has secured a $10 million strategic investment from Westpac, Australia’s oldest bank, while simultaneously announcing the achievement of 500,000 customers and significant advances in its artificial intelligence capabilities.
By examining the benefits and challenges of AI integration, we hope to address common fears and misconceptions surrounding this topic. Want to learn how other law firms are using AI in their day-to-day work? Check out our recent (CLE-eligible) webinar for top AI tips and examples of legalAI use cases.
1 Legalweek is the OG of legal tech conferences. Long called Legaltech New York, it was renamed Legalweek in 2017 , and is one of the largest, longest-running and most-anticipated conferences focused on legaltechnology and the business of law, last year drawing over 6,000 attendees and featuring more than 300 speakers.
Whether they work in law firms or corporate legal, academia or government, law librarians play a central role in testing, recommending and deploying legaltechnology, according to the American Association of Law Libraries’ 2023 State of the Profession report, an exhaustive 252-page survey of the legal information landscape.
Although many legal professionals have strong opinions regarding the use of legalAI tools, a recent survey of lawyers found a large majority (82 percent) believe that generative AI can be readily applied to legal work, while 51 percent said that generative AI should be applied to legal work.
In this episode of The Geek in Review, hosts Greg Lambert and Marlene Gebauer interview three guests from UK law firm Travers Smith about their work on AI: Chief Technology Officer Oliver Bethel , Director of LegalTechnology Sean Curran , and AI Manager Sam Lansley. It’s just trying to make you happy.
Mónica González Contró , Director, Institute of Legal Research, Universidad Nacional Autónoma de México. Dirk Hartung , Founder and Executive Director, Center for LegalTechnology and Data Science at Bucerius Law School. Joshua Walker , CEO, System.Legal; Co-Founder, CodeX; Author, On LegalAI.
Kira Systems , a 10-year-old Toronto company that pioneered the use of artificial intelligence in contract analysis, is to be acquired by the global legaltechnology company Litera , its 12th acquisition over the span of two years.
AI tools can automate and perform certain routine tasks for lawyers, allowing them to do more in less time and better serve clients. The best tools for lawyers provide enhanced data security, user-friendliness, integration capabilities, and compliance with legal and ethical standards. To find out more, get a demo today.
These tools are needed to ensure that legal teams can accurately and expeditiously assess the merits of cases, support investigations, and respond to litigation discovery and other production demands in a timely manner. In today’s legaltechnology market, eDiscovery solutions are far from a one-size-fits-all solution.
But those robust levels of interest and enthusiasm also means that AI products – or products claiming to be AI – will continue to flood the market at an escalating pace, making it increasingly difficult to tell the difference between the two. In the legal profession, at least, many of those humans just so happen to be attorneys.
This isn’t a distant dream; it’s the reality ushered in by AItechnology. As AI continues to redefine the legal landscape, it’s crucial to stay informed about the tools making the biggest impact. These platforms use AI to analyze contracts, identify risks, and ensure compliance.
This isn’t a distant dream; it’s the reality ushered in by AItechnology. As AI continues to redefine the legal landscape, it’s crucial to stay informed about the tools making the biggest impact. These platforms use AI to analyze contracts, identify risks, and ensure compliance.
This podcast panel showcases the two experts in the field of legaltechnologies. This thought-leadership piece will showcase an epic conversation highlighting the state of legaltechnology, future innovation, and getting into the brass tacks of what makes a legaltechnology the best.
She writes legaltechnology columns for Above the Law and ABA Journal and speaks regularly at conferences regarding the intersection of law and technology. Here is a recent Daily Record column. You can follow her on Twitter at @nikiblack or email her at niki.black@mycase.com.
As AI keeps evolving, its clear that lawyers and firms who embrace these tools now will have a big advantage in the future. In this guide, we go over everything you need to know about legalAI, including the different types, benefits, and the best tools you can start with. What Is LegalAI?
Katz is professor of law at Chicago-Kent College of Law and academic director of both The Law Lab at Illinois Tech, Chicago-Kent College of Law and the Bucerius Center for LegalTechnology & Data Science in Hamburg, Germany.
Whether speaking with lawyers and law students who haven’t gotten around to trying ChatGPT or collaborating with post-doc explainable and legalAI experts with 20+ years of machine learning and Natural Language Processing experience, Colin Lachance , legal tech innovator and leader, is no closer to understanding in what way and precisely when permanent (..)
I recently had a chance to hear Richard Susskind speak on AI in law and, as always, found his comments perceptive and spot on. Susskind spoke as part of a series of lectures entitled Legal Tech Essentials 2022. Susskind noted the evolution from early AI programs that could deliver simple decision trees.
“LexisNexis has been leveraging artificial intelligence technology, including natural language processing and large language models, in its legal solutions for years, and we’ve been using generative AI in our research and development labs for more than a year,” said Jeff Reihl, Chief Technology Officer, LexisNexis Legal & Professional. “As
It was a moment, I realized in the midst of it all, where the mix of people and the depth of their knowledge and the strength of their convictions had come together in a way that rarely does at legaltechnology conferences, but that was, by all accounts, par for the course at this conference.
I learned this technique early in my legal career; see my 1990 article Software Makes Decision Analysis Easy ( LegalTechnology Newsletter, December 1990; with David Post). LegalAI offers value, but I am glad that the market is no longer so fixated on it and seems to have developed a more nuanced view.
2023: A LegalAI Odyssey Happy birthday ChatGPT! Altman Was Out, Until He Wasn’t: Legal Tech Reacts to OpenAI’s Leadership Shuffle. Our panelist lineup changes from week to week, but our regulars are: Nicole Black , legaltechnology columnist and legaltech evangelist at MyCase. Hope you will join us.
Yes, legal software typically includes AI tools that legal professionals can use to create legal documents. In fact, legalAI tools can be used in multiple ways in the legal industry – as long as they are leveraged correctly. How is AI Used in LegalTechnology?
The LegalTechnology Resource Center ’s Women of Legal Tech initiative is intended to encourage diversity and celebrate women in legaltechnology. She continues her Legal NLP research with Bristol’s Computer Science department as a Visiting Academic Research Associate. At Law School 2.0
In this episode of The Geek in Review, hosts Greg Lambert and Marlene Gebauer interview three guests from UK law firm Travers Smith about their work on AI: Chief Technology Officer Oliver Bethel , Director of LegalTechnology Sean Curran , and AI Manager Sam Lansley. It’s just trying to make you happy.
“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 a major milestone for our team, and is indicative of the market traction we saw in 2023.
LegalAI company Casetext unveiled CoCounsel, the company’s first AIlegal assistant. CoCounsel leverages the latest, most advanced large language model from OpenAI , which Casetext has customized for legal practice, to expertly perform the skills most valuable to legal professionals.
Four stories about the generative AIlegal startup Harvey made my top-stories list, starting from its initial fundraise last November to its firmwide deployment within Allen & Overy in February to its Series A raise in April to a quirky story about a second legalAI startup also called Harvey.
This week brought notable funding rounds for two legaltechnology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup. Proof Raises $30M Series B Proof Technology , whose platform facilitates on-demand service of process and electronic filing, has closed a $30.4
While the future may be uncertain, there’s one thing you can be sure of — generative AI, a cutting-edge technology that automates content creation, will be unavoidable in 2024. This technology is rapidly transforming the legal profession by streamlining workflows and reshaping how legal professionals approach their practices.
Then on March 14, 2023, with the release of ChatGPT powered by GPT-4, the influx of rapid advancements began at a record pace as software companies worked at lightning-fast speed to integrate the power of GPT-4 technology into their products. It shouldn’t surprise you to learn that legaltechnology companies have joined the fray.
1 Legalweek is the OG of legal tech conferences. Long called Legaltech New York, it was renamed Legalweek in 2017 , and is one of the largest, longest-running and most-anticipated conferences focused on legaltechnology and the business of law, last year drawing over 6,000 attendees and featuring more than 300 speakers.
We explore the unique challenges posed by the Legal 3.0 world, and what legal leaders need to do to successfully navigate this transition. Become a tech-savvy attorney In Legal 3.0, lawyers need to focus on a different way to interact with technology to achieve speed, accuracy and maximum return on investment.
It’s no secret that we’re all in when it comes to exploring technological innovations that can simplify the lives of legal professionals. However, the constant flow of artificial intelligence (AI) and tech announcements can be overwhelming—making it hard to stay on top of the latest legaltechnology news.
Four stories about the generative AIlegal startup Harvey made my top-stories list, starting from its initial fundraise last November to its firmwide deployment within Allen & Overy in February to its Series A raise in April to a quirky story about a second legalAI startup also called Harvey. esq’ (May 9, 2023).
“LexisNexis has been leveraging artificial intelligence technology, including natural language processing and large language models, in our legal solutions for years, and we’ve been using generative AI in our research and development labs for more than two years,” said Jeff Reihl, Chief Technology Officer, LexisNexis Legal & Professional. “As
Katz is professor of law at Chicago-Kent College of Law and academic director of both The Law Lab at Illinois Tech, Chicago-Kent College of Law and the Bucerius Center for LegalTechnology & Data Science in Hamburg, Germany.
This week brought notable funding rounds for two legaltechnology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup. Proof Raises $30M Series B Proof Technology , whose platform facilitates on-demand service of process and electronic filing, has closed a $30.4
“LexisNexis has been leveraging artificial intelligence technology, including natural language processing and large language models, in its legal solutions for years, and we’ve been using generative AI in our research and development labs for more than a year,” said Jeff Reihl, Chief Technology Officer, LexisNexis Legal & Professional. “As
Last week brought a flurry of legaltechnology news, thanks to the first in-person Legalweek conference in two years. Reveal 11 is the result of the company’s multi-year vision for the company to fuse the best legalAItechnology onto a single platform that instantly becomes a force multiplier for legal teams large and small.”.
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