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How has AI emerged as the go-to legal technology?

Cenza

The evolution of legal tech was seeded when LexisNexis introduced the red “UBIQ” terminal in 1976 to help lawyers simplify the task of searching case law. Since then, the industry has witnessed constant inventions and upgrades in tandem with the ever-changing needs of global legal professionals. Legal AI in the early years.

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A day in the life at a legal technology firm

SimplyLawJobs

Stephan Werthauer is a Senior Consultant/Trainee Solicitor at D2 Legal Technology, a global legal data consulting firm. We recently caught up with Stephan to find out insights on working within the legal technology industry, what he does on an average day, and his advice for those wanting to take a similar career path.

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Will AI Replace Lawyers? 4 Expert Opinions

MyCase

What Is the Role of AI in Law Today? AI has already begun to make its mark in the legal industry. In fact, according to the MyCase 2024 Legal Industry Report , 81% of respondents who leverage generative artificial intelligence (GAI) tools use it to increase productivity and efficiency. Areas AI Can Enhance 1.

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Fastcase Names Its 11th Annual Class of Fastcase 50 Innovation Honorees

LawSites

If you are wondering where the innovators are in law, look no farther than the Fastcase 50, the annual award doled out by the legal intelligence company Fastcase that honors 50 of the law’s “smartest, most courageous, innovators, techies, visionaries, and leaders.”. Ben Crump, Founder , Ben Crump Law, PLLC.

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TechReport 2022: Cloud Computing

LawTechnologyToday

The ABA TechReport combines data from the annual ABA Legal Technology Survey Report with expert analysis, observations, and predictions from leaders in the legal technology field. In the legal profession, it’s still a much different story. Legal is a lagging industry in cloud use.

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Alternative Legal Service Providers – An ally to embrace

Cenza

In a report on Alternative Legal Service Providers by Thomson Reuters published in 2019, the market value was estimated to be $10.7 The study has also unearthed the fact that ALSPs’ services are leveraged by 79% of law firms and 71% of corporate entities to achieve better efficiency and reduce costs. billion as of 2017.

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The top players in the AI-powered contract management space

Cenza

The 2020 RELX Emerging Tech Executive Report , which surveyed over 1,000 senior executives in the US, found that 68% had increased their investment in AI technologies during the pandemic. Of these, 48% had invested in new AI technologies and 46% increased their investment in AI tech they already use. Blackboiler. ContractPodAi.