LawSites

NOVEMBER 29, 2022

A 25-person legal technology company in California is fighting back against one of the world’s largest law firms in a lawsuit over ownership rights to legislation-drafting software that each side says was its idea. This litigation should be a warning to all innovative legal technology providers.”. Series of Meetings.

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LawTechnologyToday

AUGUST 1, 2023

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. Outsource non-core processes: Outsourcing of non-core processes by law firms have a proven track record of resulting in cost reduction.

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CARET Legal

FEBRUARY 23, 2024

Several legal technology trends are set to reshape how law firms operate. Artificial Intelligence and GenAI in the Legal Industry One of the most prominent law firm technology trends is the use of Artificial Intelligence (AI), including Generative AI (GenAI).

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LawTechnologyToday

DECEMBER 11, 2020

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.

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JURIST

MARCH 22, 2023

This dispatch is from Samar Veer, a third-year law student at National Law University, Delhi. In a major departure from longstanding policy , the Bar Council of India (BCI) last week issued a notification permitting foreign law firms and foreign lawyers to advise clients on broad foreign law and international arbitration issues.

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LawSites

FEBRUARY 24, 2022

Is there a better way to train lawyers to draft and negotiate contracts? This former Tesla and BigLaw commercial contracts attorney is the founder of How to Contract , a learning platform that trains lawyers and professionals how to draft and negotiate contracts in the real world.

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LawTechnologyToday

NOVEMBER 30, 2022

Which Technology Is the Best Fit for Your Law Firm? It’s a big part of the reason why many law firms have historically been slow to adopt new technology. Now, in 2022, law firms are facing a handful of new challenges, depending on how they initially responded to the shift to remote work. .

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LawSites

MARCH 30, 2023

BlackBoiler , a company whose AI-driven contract review software automatically reviews and redlines contract drafts using Microsoft Word’s Track Changes, is today releasing a new feature, ContextAI, that enhances the markup by showing the user the reason for every redline. The way it works is simple.

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MyCase

JUNE 21, 2022

For most law firms, non-billable administrative work is a necessary day-to-day duty that costs money and valuable time. With law office automation, your firm can automate some of the most time-consuming tasks, including document drafting, client intake, payment processing, and invoice reminders. .

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MyCase

JUNE 21, 2022

For most law firms, non-billable administrative work is a necessary day-to-day duty that costs money and valuable time. With law office automation, your firm can automate some of the most time-consuming tasks, including document drafting, client intake, payment processing, and invoice reminders. .

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LawSites

FEBRUARY 22, 2023

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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LawSites

JANUARY 25, 2023

to serve as a lawyer’s virtual legal assistant, able to help with researching legal issues, drafting emails and letters, summarizing documents, brainstorming blog ideas, and even just conversational chatting. Draft an email. Draft email. Currently, it is able to perform eight types of functions: Research a legal issue.

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InHouseOps

OCTOBER 24, 2022

What’s the biggest threat to the future growth ambitions of top law firms? Increased competition from international firms? This relatively niche, back-office support problem has become so troublesome in recent years that it was listed as the biggest threat to the future growth ambitions of the top 100 law firms.

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Cenza

AUGUST 11, 2021

With a phenomenal upward trend over the last decade, the contract management industry has evolved into a critical business-shaping legal function. Global enterprises needed to craft new contract structures to match the rapid and dynamic nature of the businesses. By 2025, the contract management market is estimated to grow at a 12.3%

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Rocket Matter

SEPTEMBER 26, 2023

By streamlining tasks, including marketing and client communications (which any lawyer knows can take up more time than expected), law firms that leverage AI can increase their profitability and productivity. Understandably, many law firms are cautious about utilizing ChatGPT and other AI tools.

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LawSites

AUGUST 15, 2023

When it was founded in 2000, Kira pioneered the use of artificial intelligence and machine learning for contract review and analysis. Now Kira, which was acquired in 2021 by Litera , is employing the newest wave of generative AI to help legal professionals accelerate the process of due diligence and other forms of contract reviews.

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LawSites

NOVEMBER 3, 2021

Last year, I wrote here about Lexion , an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI , the AI research institute created by Microsoft cofounder Paul Allen. The dashboard tracks all contracting activity and all version histories. . Targeting Mid-Market.

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LawSites

NOVEMBER 3, 2021

Last year, I wrote here about Lexion , an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI , the AI research institute created by Microsoft cofounder Paul Allen. The dashboard tracks all contracting activity and all version histories. . Targeting Mid-Market.

Contract 52

Contract Drafting Law Firm Law Firms 52

Cenza

NOVEMBER 25, 2020

We’ve compiled a list of some of the best companies in the world that operate in the contracts space and leverage the power of artificial intelligence (AI) and machine learning (ML). AI and ML help increase the speed and accuracy of the various processes within contract management, but at just a fraction of the manual cost.

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MyCase

APRIL 24, 2024

According to the Legal Industry Report 2024 , nearly one-quarter (24%) of law firms have adopted legal-specific generative artificial intelligence (GAI) tools. Survey respondents confirmed they use GAI to streamline firm processes, from drafting marketing content to finding specific statutes. Drafting marketing content.

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LawSites

APRIL 24, 2023

Last December, LegalOn , one of Japan’s largest providers of AI contract review technology to corporations and law firms, announced its expansion into the U.S. and as it does, it is releasing a new feature, AI Revise, which it says is the “first AI contract editing tool enhanced by expert legal knowledge.”

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NCBA Law Practice Management Blog

JUNE 2, 2023

Even at this late stage, with all of the technology available to lawyers and law firms, one of the major complaints of clients is that law firms don’t communicate with them, or keep them abreast of what’s happening with their cases. Client Portals.

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CARET Legal

FEBRUARY 21, 2024

While a general retainer agreement can be a great source of steady, predictable income, it’s crucial for law firms to consider the potential challenges and risks. This agreement not only ensures the client’s access to legal expertise but also provides a steady income stream for the firm.

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LawSites

FEBRUARY 20, 2024

In the 11 months since CoCounsel’s launch, it has been rolled out at more than 45 large law firms in the United States — including six of the Am Law 10 — which employ in total more than 50,000 lawyers, TR said.

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LawSites

MARCH 12, 2024

Last month, TR expanded availability of CoCounsel Core to Australia and Canada, and with today’s announcement, it becomes generally available in the UK, where TR says it is already being used by multiple law firms. “In

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Paralegal Bootcamp

DECEMBER 9, 2022

They are responsible for: Drafting documents/agreements Corresponding with clients Meeting with clients for the signing of documents Legal Research Using eDiscovery software Representing individuals in small matters Administrative duties. Duties/Responsibilities/Title. In some cases, that could be over 10+ years of experience!

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Attorney at Work

MAY 20, 2022

Similarly, law firms are finding success by focusing on a particular industry or area of law, such as real estate, environmental law, immigration, civil litigation or a host of other specialties. Practicing Law on Internet Time. The reasons to specialize include these benefits to your law firm’s clients.

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Attorney at Work

OCTOBER 13, 2022

This can be done by creating templates that can be populated with data from a case management system or other sources, or by using wizards or questionnaires to guide users through the document drafting process. Note: The table below, compiled by Attorney at Work editors, lists standalone document automation and contract automation products.).

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Above The Law

JULY 12, 2022

PLI offers two courses of interest to those looking to refine their writing in transactional practice, including contract drafting. . The post Transactional Writing Tips For Lawyers appeared first on Above the Law.

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LawSites

JULY 1, 2021

The Chicago-based legal technology company Litera has acquired Objective Manager , a UK company that provides a SaaS platform for law firms to use in strategic planning, performance measurement and talent engagement. company Workshare and deal-management platform Doxly.

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LawSites

JANUARY 26, 2024

Proof provides a litigation services marketplace where law firms and government agencies can access a nationwide network of process servers, electronic court filing services, and remote notarization. He founded the company in 2016, and when we spoke in 2022, he had just raised a $7 million Series A round.

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MyCase

MAY 9, 2023

Benefits of AI in Law Firms The reason for their rise in popularity in the legal profession is that AI tools offer a wide array of benefits that address some of the most pressing challenges faced by lawyers today. This can save time and effort in the drafting process.

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LawSites

SEPTEMBER 26, 2023

This summer, one of the world’s largest law firms, Orrick, Herrington & Sutcliffe , began to address that challenge by partnering with the legal skills training company AltaClaro to develop a training program for its summer associates on prompt engineering and the responsible use of generative AI.

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LawSites

FEBRUARY 6, 2023

Docgility AI-powered Contract Acceleration Platform – 80% faster contract execution with improved compliance – supports review, redlining, collaboration, and negotiation of contracts (including third party/counter party contracts). Read this startup’s detailed application. Read this startup’s detailed application.

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Rocket Matter

JULY 18, 2023

Forty years ago, law firms could buy an ad in the Yellow Pages (remember those giant tomes?) These days, the number one way for prospective clients to find your law firm is through an online search (and probably on a mobile device). and the calls would come rolling in.

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LawTechnologyToday

MAY 23, 2023

AI and automation tools can provide great value to law firms’ operations. By leveraging this technology, law firms can increase business opportunities, reduce operational costs, foster essential cross-team collaboration and boost competitiveness. This is where AI and automation come in.

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Attorney at Work

JANUARY 20, 2022

Law firms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must law firms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Trends to Watch in 2022.

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