Gottfried Leibniz, one of the ‘grandfathers of artificial intelligence’, was, amongst other things, a lawyer. And despite dying some 300 years ago, he was clear on the benefits that AI could bring to the legal industry, stating: “It is unworthy of excellent men to lose hours like slaves in the labor of calculation which could safely be relegated to anyone else if machines were used.”
One of the National Institute of Standards and Technology’s (NIST) key strategic initiatives has been the development of clear guidelines to help organizations manage cybersecurity-related risk. A growing number of U.S. federal agencies have adopted this cybersecurity framework for purposes of securing their systems and their third-party contractors’ systems as well.
For many law firms, digital transformation is now a key business priority that requires immediate resolution; 100% of top 10 law firms and 40% of top 11-25 firms have identified technology as the key challenge to growth in the next 2 years1. And 85% of enterprise decision-makers stated they have a two-year period to make significant inroads into digital transformation or they will fall behind their competitors and suffer financially2.
Did you already hear about the 90 Days LegalTech Challenge? An interesting initiative by Ana Alvarez, a Columbian lawyer and legal innovation enthusiast.
The Challenge aims to raise awareness about innovative, customer centric and empathic LegalTech solutions.
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.
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.
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.
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