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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LawSites

JUNE 28, 2022

A new legal research service has quietly launched, targeting bar associations and 1-2 lawyer law firms, but what is not obvious from the service’s website is that the company behind it was formed as a subsidiary of RELX, the parent company of LexisNexis. “It was created by Legal InQuery Solutions Inc.,

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LawSites

JANUARY 17, 2022

The legal research company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 First, the capital will help Casetext continue to create and improve products that help lawyers search the law and their own documents as well as to efficiently draft legal documents like briefs.

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ALPS

AUGUST 2, 2023

A lot of lawyers thought they had discovered a golden ticket when they discovered ChatGPT. They were enthused about how fast it was and how they could utilize it for legal research, drafting legal documents, case analysis, legal compliance, composing client communications and the list goes on.

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LawSites

JULY 19, 2022

Recently, I reported here on the “quiet” launch of a new legal research service, Decisis , targeting bar associations and 1-2 lawyer law firms. With the acquisition, Fastcase became the sole legal research provider for the bar associations of all 50 states, the District of Columbia, the U.S.

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LawSites

MAY 16, 2023

The majority of law firms use just five or fewer unique software products, according to a legal industry study published today by the law practice management company Smokeball. The smaller the firm, the higher this percentage goes. In firms of 2-10 lawyers, 86% use five or fewer products.

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Attorney at Work

JANUARY 13, 2022

Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that law firms and litigation support teams have been quick to embrace them. Despite their benefits, many legal organizations have been hesitant to implement AI tools. AI Hesitation.

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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 29, 2024

For centuries, lawyers have been trusted advisors in navigating the legal system. However, with the rise of artificial intelligence (AI), a question looms: Will AI replace lawyers? The short answer is no, but writing off AI altogether would be a disservice to your firm and clients. Can AI Replace Lawyers?

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LawSites

NOVEMBER 30, 2023

Seven times since 2016, Thomson Reuters has conducted a survey on the state of small law firms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.

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LawTechnologyToday

FEBRUARY 16, 2021

Even for geniuses, it is unrealistic for lawyers to maintain a complete catalog of everything they will ever need to know in their heads at all times. 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. That is where AI comes in.

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LawTechnologyToday

MARCH 28, 2023

It’s happening right now, and it’s changing the way you practice law. Legal tech startups are disrupting traditional law firms and offering new ways to improve the efficiency and effectiveness of their services. Benefits of Legal Technology Organizations These companies offer many benefits to law firms.

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MyCase

SEPTEMBER 1, 2021

In a few of my recent posts I shared data on lawyer demographics, diversity , stressors, and future plans obtained from the recently released ABA Profile of the Profession 2021. The Report also includes a lot of interesting data about lawyers’ use of technology. Online legal resources.

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MyCase

OCTOBER 3, 2023

You need capital to start a new law firm, but how much, exactly? Without setting up the right tools and organizing your law firm from day one, administrative tasks can quickly become unmanageable. How Much Does it Cost to Start a Law Firm? As a rough estimate , law firm start-up costs may total about $8,200.

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LawSites

MAY 30, 2023

In a first for an e-discovery technology company, Chicago-based Nextpoint is launching an Arizona law firm June 1 under that state’s liberalized law practice rules that allow non-lawyers to own law practices. Its lawyers will not appear in court. The firm will officially open its doors on June 1.

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LawSites

JANUARY 17, 2022

The legal research company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 First, the capital will help Casetext continue to create and improve products that help lawyers search the law and their own documents as well as to efficiently draft legal documents like briefs.

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MyCase

JANUARY 26, 2021

It’s unclear when the pandemic will abate, and as a result charting a course for your law firm for the upcoming year is no easy task. As a result, you’re probably considering adding new software and hardware to your law firm’s technology arsenal. Automating Legal Services: Justice through Technology.

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Rocket Matter

NOVEMBER 21, 2023

To help get your firm up to speed on year-end tax prep, we’ve compiled this list of seven essential tips to take the headache out of doing your taxes and allow you to return to focusing on what matters most: your clients. 7 tips for law firms to get ready for taxes Grab a holiday cookie and turn off your email notifications.

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LawTechnologyToday

NOVEMBER 30, 2022

Which Technology Is the Best Fit for Your Law Firm? As with most professional service providers, legal professionals have a tendency to fall into the “If it ain’t broke…” camp. It’s a big part of the reason why many law firms have historically been slow to adopt new technology.

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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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LawTechnologyToday

FEBRUARY 21, 2022

It’s a big part of the reason why many law firms have historically been slow to adopt new technology. . But over the past two years, attorneys have been put in a position where choosing not to implement new legal tech isn’t really an option anymore. . Selecting the Right Type of Law Office Technology. Legal Research .

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MyCase

MAY 9, 2023

The legal sector is no exception. For lawyers, it’s crucial to understand these technologies, their benefits, applications, and risks when considering whether to use them in your practice. Key advantages provided by AI-powered tools include efficiency, improved legal writing, enhanced workflows, and cost-effectiveness.

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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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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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LegalTalkNetwork

JUNE 28, 2022

Choosing which legal software systems to use in your law practice is a big decision. New innovations in legal tech have become the great equalizer for many law firms, helping them output that’s competitive with other, larger law firms. Of course, not every law office needs every kind of software.

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Paralegal Bootcamp

OCTOBER 16, 2023

Legal Research and Writing In my first year of studying Paralegal Studies, my school provided us with Westlaw/LexisNexis (legal research software) that we used for legal research purposes. which provided me with a comprehensive understanding of the legal system and procedures.

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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. Can Lawyers Use AI? Is AI Law Ethical? What is AI?

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Attorney at Work

SEPTEMBER 23, 2021

As guardians of clients’ personal and confidential information, legal professionals face an array of complex risks that can be difficult to navigate in such a volatile environment. The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice. Data Security Is Top Priority.

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MyCase

DECEMBER 9, 2020

If you’re a lawyer or are looking for some ideas for a lawyer, look no further. So without further ado, here are some of my top recommendations for holiday gifts for lawyers with a remote working bent. You can exercise any time day or night, so it’s perfect for busy lawyers working remotely while quarantining.

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LawTechnologyToday

NOVEMBER 9, 2021

The 2021 ABA Legal Technology Survey Report is now available for purchase! The ABA Legal Technology Survey Report is the most comprehensive study available of lawyers’ actual technology use, spanning a vast range of topics from security and basic office software to technology budgets, marketing tools, and much more.

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MyCase

FEBRUARY 2, 2021

Every year I write a post that highlights the mobile lawyering statistics from the latest ABA Legal Technology Survey Report. Not surprisingly, the number of lawyers working remotely has increased year over year as attorneys became more comfortable using the technologies that permitted them to work from anywhere.

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LawSites

JANUARY 3, 2024

BriefCatch BriefCatch empowers lawyers and judges to edit legal documents to the highest standards while helping their clients win, boosting their writing skills, and enjoying expert explanations, models, and examples. Whether you’re looking to hand off a case or take one on, our exclusive network of law firms has you covered.

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LawSites

JUNE 15, 2023

Well before launching CoCounsel this year, it had already launched the powerful neural net search technology AllSearch and had pioneered products such as Compose , to help lawyers draft litigation briefs, and, in 2016 , CARA, the first product to use AI to analyze briefs, which spawned a generation of copycat products.

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LawTechnologyToday

JANUARY 14, 2021

As a new generation of lawyers is about to enter the workforce, they bring new ideas, perspectives and ways of working that are bound to influence how law will be practiced in the future. These are capabilities that are likely to be highly valued by next-generation lawyers. Education and training: Help me get better.

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LawSites

APRIL 25, 2023

It was major news April 4 when the legal research and technology companies Fastcase and vLex announced their merger, creating a single entity that they say now has the world’s largest subscriber base of lawyers and law firms and a legal research library of more than 1 billion documents from more than 100 countries.

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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.

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LawSites

FEBRUARY 29, 2024

million pre-seed funding round led by two venture capital firms, Maple , which invests in companies with Canadian roots, and Haystack , which invests in early-stage companies. My 2019 post detailed my visit to ROSS’s Toronto research and development office. The Toronto-based company recently closed a $2.1

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