LawTechnologyToday

FEBRUARY 16, 2021

For example, a London law firm used data on the outcomes of 600 cases over 12 months to create a model for the viability of personal injury cases. AI also has various other–more straightforward–applications of which law firms can take advantage. Legal research has also been shown to be greatly aided by AI.

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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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Attorney at Work

SEPTEMBER 23, 2021

The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice. The Rise of Legal Tech and the Evolving Law Firm. Fueled by increasing investor interest and client demand, legal tech is on the rise. What digital security measures is your firm using now?

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Rocket Matter

OCTOBER 31, 2023

For firms that use hourly rates, clients are billed for this time by the hour. Billable hours are the basis of most legal fee calculations, and putting in enough billable hours is essential to the profitability of law firms—that’s why they generally seek to maximize the number of billable hours that associates and partners put in.

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LawSites

MARCH 20, 2024

In its write-up, How Casetext is assigning every attorney an AI co-counsel , Fast Company says: “CoCounsel can generate — at a blazing speed — legal research memos, review thousands of documents to answer questions during discovery, and find specific contract items in vast databases of information.”

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LawSites

MARCH 1, 2023

“Our AI legal assistant is the first of its kind,” said Jake Heller, cofounder and CEO of Casetext. “It It creates a momentous opportunity for attorneys to delegate tasks like legal research, document review, and contract analysis to an AI, freeing them to focus on the most impactful aspects of their practice.”

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LawSites

JANUARY 3, 2024

Whether you’re looking to hand off a case or take one on, our exclusive network of law firms has you covered. Lexamica places cases with the best firm, automatically tracks statuses, and ensures timely payment. It cuts costs, boosts law firm efficiency, and satisfies clients by resolving cases faster.

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Cenza

JANUARY 27, 2023

The practice of outsourcing certain aspects of legal work by law firms, in-house counsels, and individual attorneys existed for decades. It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. The growth simply signifies the unassailable role of ALSPs in the legal industry.

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MyCase

APRIL 30, 2024

ChatGPT and related AI tools can write, edit, and research—three tasks that weigh heavily on the daily agendas for paralegals and legal assistants. If ChatGPT can handle those duties, law firm administrators will likely ask their support team members to take on higher-level responsibilities. or drafting portions of them.

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LawSites

DECEMBER 1, 2022

In Japan, the legal technology company LegalOn , which has operated there under the name LegalForce, is one of the largest providers of AI contract review technology to corporations and law firms, with more than 3,000 customers, 400 employees and $131 million in fundraising, including $101 million this year.

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LawTechnologyToday

MARCH 23, 2023

However, it is abundantly obvious that many legal technology solutions are already significantly improving the lives of attorneys. In order to meet the problems of escalating workflow and productivity demands on a constrained budget, law firms are eager to invest in legal technology services.

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MyCase

APRIL 24, 2024

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. Performing legal research and discovery.

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Paralegal Bootcamp

NOVEMBER 26, 2021

That would also help you figure out whether you want to use your paralegal certificate working in a law firm or look at alternative options for paralegal careers. You will likely make a higher salary if you go to work for a larger law firm, but the problem is that it’s harder to get that job at a larger law firm.

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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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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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Paralegal Bootcamp

JULY 24, 2023

This is because some paralegals might prefer a corporate setting as an in-house paralegal, while others might thrive in a law firm setting working in civil litigation or other commercial litigation. A litigation paralegal is a legal professional who provides vital support to attorneys who work in the area of litigation.

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MyCase

MAY 9, 2023

Moreover, as part of your duty of technology competence, understanding AI tools helps you stay ahead in a competitive market and adapt to the ever-changing legal landscape. By harnessing the power of artificial intelligence, legal professionals can optimize and streamline their daily workflows—saving their firms time and money.

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Paralegal Bootcamp

APRIL 7, 2021

Professional Blogger/Marketer to the legal field. Contracts Administrator. Conflicts Specialist for a law firm. Then maybe a sales position for a legal vendor would be a better fit than managing document review projects as a litigation paralegal in a typical law firm setting. Foreclosure Specialist.

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LawSites

OCTOBER 25, 2023

Last May, LexisNexis first revealed plans to launch Lexis+ AI , a new product that would use large language models to answer legal research questions, summarize legal issues, and generate legal document drafts. As Fitzpatrick’s quote says, it can help speed specific research tasks and enhance productivity.

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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. Here’s the interesting part. The duties change significantly depending on the province you are in.

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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). Learn more about this company at the LawNext Legal Tech Directory.

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LawSites

JULY 13, 2021

LexFusion , the company that launched last October as a go-to-market collective of legal technology companies, has added legal research company Casetext to the roster of companies it represents. Casetext now becomes the eleventh company to join the collective and the first that offers legal research services.

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LawSites

DECEMBER 4, 2023

We expect to grow as the legal industry becomes more comfortable with AI. AltFee Elevator Pitch: AltFee revolutionizes law firm pricing by offering a foundation for alternative fee structures. Another example is our Directory of Alternative Fee Providing Law Firms. What makes you unique or innovative? and Beagle.

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LawSites

FEBRUARY 17, 2023

Yesterday, Allen & Overy , one of the world’s largest law firms, announced that it had integrated the legal artificial intelligence product Harvey into its global practice, where it will by used by more than 3,500 lawyers across 43 offices operating in multiple languages. And that’s kind of the point.

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LawSites

OCTOBER 27, 2021

It suggests that LegalEase and Morae had entered into contracts related to ROSS, and asks Morae to produce documents concerning “the reason LegalEase entered into one or more contracts with you concerning ROSS.” ” Here is the full text of each subpoena: Subpoena to Fastcase. Subpoena to Morae Global Corporation.

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MyCase

JANUARY 24, 2024

Below we’ll explore how legal AI software can be a game-changer in your practice and reveal the myriad of benefits it can bring. Plus, we’ll guide you through the best legal AI tools that are transforming law firms into powerhouses of efficiency and innovation. What is Artificial Intelligence?

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LawSites

JUNE 15, 2023

2013 New Legal Research Site Combines Case Law with Crowdsourcing. 2014 Two Sites Offer Platforms for Crowdsourced Legal Research. 2017 Legal Research Company Casetext Closes on $12 Million in Funding. Law Librarians Name Casetext’s CARA as New Product of the Year. Top Law Firm Invests $8.2M

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MyCase

AUGUST 10, 2022

There are even reports that this sentient system may have requested legal representation. . So, how does AI fit into law? How lawyers can use legal AI . The benefits of using AI in law firms. The best legal tools. Before using AI in law firms, address all ethical issues and compliance standards.

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LawSites

JUNE 2, 2023

Thanks to his reliance on ChatGPT for legal research and his filing “bogus judicial decisions” in federal court, lawyer Steven A. ET for our weekly Legaltech Week roundtable on the week’s legal tech news, you can be sure poor Schwartz will be on the agenda. The rise of GPT tools in contract analysis.

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The Estrin Report

SEPTEMBER 6, 2021

Let me give you an example: A couple of months ago, my client, one of the biggest law firms in the world, called me and told me they wanted a “Professional Development Innovative Specialist.” I had no idea what this was, who hires, what industry it was in much less why it belonged in a law firm. Starting next week???

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Cenza

NOVEMBER 18, 2021

The legal industry is no exception to this prevailing trend, with law firms worldwide embracing Artificial Intelligence to add efficiency and gain a competitive advantage. Early works on AI in legal services can be traced back to 1956 when professor Layman E. Onboarding the right legal AI. About Cenza.

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LawTechnologyToday

MARCH 1, 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). Learn more about this company at the LawNext Legal Tech Directory.

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MyCase

AUGUST 7, 2023

As a result, many law firms seek out legal assistants to keep everything running smoothly and boost their productivity. Most successful law firms employ support teams with a mix of paralegals and legal assistants, however, the duties of a legal assistant can vary a great deal depending on who you ask.

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NewmanFerraraLLP

MARCH 4, 2023

Law firms and sole practitioners alike are turning to artificial intelligence -- also known as “AI” -- and other tools to not only keep pace with technological advancements but to remain efficient and competitive. DOES THIS COMPUTE? But its implementation is fraught with a unique set of challenges.

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LawSites

DECEMBER 27, 2023

Representative of the interest in generative AI this year were the two stories that made my list about the law firm Gunderson Dettmer’s development of its own “homegrown” generative AI, ChatGD. Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4 (April 11, 2023).

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Cenza

JANUARY 27, 2021

Today, more than 80% of senior lawyers consider AI and machine learning critical to the future success of their firms. However, this interest doesn’t translate into actual deployment, with 54% of all law firms indicating that they are not presently pursuing AI options for their legal practice. 3. Legal Research.

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Cenza

OCTOBER 27, 2021

It also acts as a huge time saver by automating contracting information related to document reviews for due diligence, litigation legalese, legal research, etc. Ideally, these tasks take a lawyer’s quality time away from strategic and forward-thinking legal initiatives. Easing Contract Management.

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