Last week, British newspaper The Sunday Times published a story about telecoms firm BT and its plans to sell off assets to raise funds to boost the rollout of ultra-fast broadband across the UK.
The company has already agreed to dispose of its London headquarters for £210 million and has apparently slapped a ‘for sale’ sign on its legal software division Tikit as well.
Law firms of all sizes are under constant pressure to adapt to changing client demands and an evolving workplace. They need to do this while enabling the effective creation and sharing – as well as the security and governance – of their work product.
In the ongoing effort to meet these requirements, it might seem like the odds are stacked in favour of large firms. Technology, however, has a tendency to level the playing field – and increasingly, the cloud is serving as “the great equalizer” in the legal world, enabling the smaller and mid-sized law firms to keep pace technologically with the larger firms.
As Legal Geek founder Jimmy Vestbirk took the stage for the first-ever Legal Geek North America conference, it was clear that this was not going to be like any other legal conference – his description of “quick, short and sharp” as the Legal Geek style was certainly accurate. Vestbirk greeted everyone warmly and outlined the Legal Geek Ethos which prioritizes friendship over selling, recommends both learning and teaching, reminds of the importance of pitching in to help, and reminds about the all-important “no ties” policy, which was strictly observed – no ties in sight!
More about the French ban on Judge analytics
On 4 June 2019, the French Government criminalised the “reuse” of data identifying judges “with the purpose or effect of evaluating, analysing, comparing or predicting their actual or alleged professional practices” with a maximum penalty of 5 years in prison.
The legal tech sector was stunned. The move appears to run counter to the modern trends of open justice and the “consumerization” of inaccessible professions through technology. Start-ups may be asking themselves whether this is the start of a wider reactionary movement against these ideals, and whether the effort is worth the risks.
Get “Woke”, Blow up the Process, It’s OK to Fail
Are you “woke”? Let’s blow up the process. Celebrate success but accept, even praise, failure. These soundbites, slightly paraphrased, were uttered at 2019 CLOC Institute in Las Vegas by some of the most eminent GCs in the world as they addressed a massive audience of legal operations professionals. CLOC continues to create its own lexicon and make its own rules as the beating heart of corporate “legal ops”.
Quietly seeing Explosive Growth in Legal (part 2 of 2)
This is part II of Keith Vallely's story about the current state of Microsoft's Matter Center. Part 1 was published last week and can be found here.
When deploying a Matter Center instance, the technology partner must consult with their client and determine how much data is to be captured before Matter/Project creation, and what is to be used for document metadata tags, and what is to be used for reporting purposes.
Quietly seeing explosive growth in legal (part 1 of 2)
History - At the end of 2015, with tremendous excitement, Microsoft released to Github all the source code for their ‘highly acclaimed” Matter Center. The Matter Center was developed by Microsoft Legal Department for the sole purpose of providing an easy to use mechanism to turn Office365 and SharePoint online into a world class legal document management system. During 2014 and 2015, Microsoft had shown the Matter Center off at various legal technology venues to great fanfare, leading to much anticipation for its release and support to the legal community.
It’s no secret the trend to the cloud is gaining momentum. Adoption of cloud-based solutions across firms of all sizes was up an average of 68% in 2018 in comparison to just 51% in 2015, according to ILTA’s 2018 Technology Survey results. Not surprising are three high ranking reported barriers to cloud adoption: Cost, client restrictions, and integration and expandability. This article touches on the considerations that most affect a successful transition to the cloud.
Many corporate legal departments today deploy document and email management systems (DMS). Documents are the lifeblood of lawyers and they produce a plentiful supply of them. It is critical that they have a very effective document management system to assist their department to be more efficient, increase productivity and mitigate risk.
As companies look to automate more processes to keep pace with rising consumer demands, artificial intelligence (AI) is no longer some far flung technology being used solely by tech giants. In fact, AI is exiting uncharted territory and entering the mainstream of the enterprise — allowing companies to introduce smarter processes without disrupting workflows.
Take legal teams for example, which handle a variety of routine, administrative tasks like document editing and routing. According to a report by SpringCM, legal is the primary department that handles contracts for 59 percent of businesses.
According to the recently published ILTA 2018 Technology Survey, 69% of surveyed firms expect to move to the cloud in 2019, an 18% increase compared to a few years ago. This presents an immense opportunity for firms large and small, making the shift to of the cloud, to optimize target system capabilities and ultimately improve workflow and business processes. Content migration takes on many forms depending upon systems and the firm’s needs, but in order to take full advantage of any new cloud system, some level of data transformation must take place. Let’s dive in.
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