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LegalOn Expands from Contract Review to Drafting with Addition of 100+ Lawyer-Drafted Contract Templates

LawSites

LegalOn , a company that was already one of Japan’s largest providers of AI contract review technology when it launched into the U.S. Even for companies that already have their own collections of contract templates, LegalOn’s templates address nuances that their own may not, Lewis said. ”

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How Smart Contracts are Changing Legal Contracts

LawTechnologyToday

While a world free of lawyers will most likely never come to fruition (to many parties’ chagrin), new technology in the form of smart contracts is changing how legal matters are drafted. This data then informs the automated terms of a contract by posting results and accompanying proof to the blocks.

Contract 121
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Choice of law in commercial contracts and regulatory competition: new steps to be made by the EU?

Conflict of Laws

The recently published study titled ‘European Commercial Contract Law’, authored by Andrea Bertolini, addresses the theme of regulatory competition. It offers new policy recommendations to improve EU legal systems’ chances of being chosen as the law governing commercial contracts.

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Akin Gump Loses Bid To Dismiss Legal Tech Company’s Counterclaims In Suit Over Ownership Of Bill-Drafting Software

LawSites

The law firm Akin Gump Strauss Hauer & Feld has lost its bid to dismiss four of five counterclaims filed by the legal technology company Xcential Legislative Technologies in a lawsuit over ownership rights to legislation-drafting software that each side says was its idea. In a ruling issued Feb.

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Legal ChatGPT: Tips, Prompts, and Use Cases

MyCase

AI tools like ChatGPT are creating a buzz in the legal field. According to the Legal Industry Report 2024 , nearly one-quarter (24%) of law firms have adopted legal-specific generative artificial intelligence (GAI) tools. GAI can free lawyers from repetitive tasks so they can focus on higher-level legal strategy.

Legal 52
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Implied Jurisdiction Agreements in International Commercial Contracts

Conflict of Laws

These cross-border transactions present complex legal questions, such as the place where potential disputes will be adjudicated. This type of ‘unwritten’ jurisdiction agreement remains largely unexplored in the legal scholarship. In our latest article , published in the 2023 edition of the Journal of Private International Law , vol.

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Money for Legal Tech: Two Big Financings this Week (and One Little One)

LawSites

This week brought notable funding rounds for two legal technology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup. More than 5,000 law firms and government agencies currently use its platform to deliver or e-file close to 20,000 documents each month, the company says.

Finance 63