- Lawyers Are Drowning in Data. What Can They Do About It? “The ‘Why Lawyers Are Adopting AI Faster Than You’ panel at this year’s Legalweek will examine at how firms can use AI to find the needle in some pretty big data haystacks.” Link.
- Harvard Law School Executive Education‘s David B. Wilkins and Maria Jose Esteban posted this summary: The Reemergence of the Big Four in Law. The full report is here.
- Alternative legal services providers come into their own as major players, says new report. “Released Tuesday, the Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity report from Thomson Reuters found that 87 percent of law firm respondents said they were using ALSPs, up from 56 percent in 2015. At corporations, 74 percent said they used an ALSP, up from 60 percent over the same time period.” Post here.
- Briefing: China looks to build ‘smart courts’ with AI. “A Shanghai court has adopted an artificial intelligence-enabled assistant to help improve courtroom efficiency and accuracy.” Post.
- This software thinks like a lawyer—so you don’t have to pay one. “A Chicago law firm (Actuate Law) is rolling out a subsidiary that offers clients software designed to mimic their lawyer’s thinking—at a fraction of the price.” “….(I)ntelligent software that walks them through whether they have a legal obligation to report a data breach.” “Although Quointec has no outside funding so far, the partners created the new venture to allow for such investment in the future without violating professional regulations.” Post.
- LawNext Episode 26: Mark Cohen’s Strategies for the Global Legal Marketplace. “On this (hour-long) episode of LawNext, Cohen joins host Bob Ambrogi to talk about a range of topics. They discuss Clearspire and the lessons Cohen learned from that. They also talk about what Cohen sees as the “skills gap” in law and why it is that law schools and law firms are failing to address it. In the fact of a rapidly changing global legal economy, Cohen offers insights on how law firms should adapt.” Post.
- From The Law Society Gazette: Accountants winning in ‘rapidly expanding’ alternative legal services market. “So-called alternative legal service providers – including the Big Four accountants – are growing more quickly than previously predicted and moving up the value chain, research on both sides of the Atlantic reveals today. The new entrants, offering such services as litigation support, legal research and document review with the help of new technology now make up a $10bn (£7.6bn) a year market, the Thomson Reuters study found.”
- Also from The Law Society Gazette: How legaltech can help you compete against larger firms. “Continuing the discussion on the evolution of the legaltech sector and how it could revolutionise the legal industry, Law Society partner and equity crowdfunding platform Seedrs explains how the rise of legaltech is closing the gap between large and small legal firms.” Post.
- I thought the 2019 forecasts were behind us, but here’s an interesting report from CBInsights: Artificial Intelligence Trends. Lots of infographics.
- This lawyer got a gig in Silicon Valley by promising to automate a lot of legal grunt work — now he’s got his own company. “Wouldn’t it be great if you could have associates who could code and automate their own jobs and would make the firm more efficient?” Post.
From Artificial Lawyer:
- New York Bulletin: Data is Not the New Oil + LSBs Are Splitsville. Story here.
- Pew: How Stanford + Suffolk Law Schools Are Improving NLP for A2J. Story here.
- TR: ALSP Market Now $10 Billion-Plus, Law Firms Major Customers. Story here.
- New York Bulletin – AI Workshop + Do We Need an FDA for Algorithms? Story here.
- Australia Launches ALTACon Legal Tech Conference. Story here.
- Legal AI – Its Definition and Its Value to the Legal World. Story here.
- Global Insurer Allianz Launches Injury Claim Automation Tool. Story here.
- ALM – Legal Market Will Split In Two + ALSPs Will Grow – NY Bulletin Extra. Story here.
Posts by Law Firms:
- Alston & Bird: … Teams Up with Georgia State University on Data Analytics. “Alston & Bird and Georgia State University have announced a joint effort to develop broad-based competency among the firm’s attorneys in leveraging data science and analytics to help drive new levels of client service and satisfaction.” Post.
- Andrea Perronace: Techniques for Patenting Blockchain in Europe, the United States, China and Japan. Post.
- Baker Donelson: 90-minute CLE video post: Analyzing the Impact of Artificial Intelligence in Legal. (5 ‘Micro-Presentations’.) Post. (Poor audio.)
- BakerHostetler: Robert A. Musiala Jr.: New Blockchain Capital Markets Platforms Announced With Institutional Investment. Post.
- BakerHostetler: Emily R. Fedeles: 2018 Cryptocurrency Recap, Developments In Cryptocurrency Exchanges And Payment Providers. Post.
- BakerHostetler: Jonathan D. Blattmachr: Are Crypto Regulations Getting Tighter Or Looser? Depends About Where You’re Asking. Post.
- BakerHostetler: Brian P Bartish: The Curious Case Of Cryptopia, And Updates On Threats And Enforcement Actions. Post.
- Baker McKenzie: The Year Ahead – Innovation: A new generation of legal analysis tools is emerging. Post.
- Cadwalader, Wickersham & Taft: NYDFS Authorizes Virtual Currency Firms. Post.
- Dentons: Chloe A. Snider: Smart Contract Series – Legal Implications For Consideration, Part 1: Definition And Enforceability. Post.
- Dentons: Giangiacomo Olivi: (Smart) Autonomous Cars: No Longer Asimov’s Science Fiction. Post.
- Foley & Lardner: Joanne Lee Molinaro: Blockchain — Not Bitcoin — In Bankruptcy. Post.
- Foley & Lardner: David A. Rood: China Using Revised Subsidies To Dominate Future Global EV Production. Post.
- Foley & Lardner: Chanley Howell and Thomas E. Chisena: What We Know Now – Navigating Connected Cars And Cybersecurity In 2019. Post.
- Foley & Lardner: Chethan K. Srinivasa: Intellectual Property Considerations For Autonomous Vehicle Technology Startups And Automotive Suppliers. Post.
- Holland & Knight: David P. Sofge: If You Enjoyed The GDPR, You’ll Love Brussels’ New AI Guidelines. Post.
- Hunton Andrews Kurth: CIPL Submits Comments to ICDPPC Declaration on Ethics and Data Protection in AI. Post.
- Reed Smith: Herbert F. Kozlov and Le-el Sinai: Blockchain Boost For The Shipping Industry. Post.
- Shearman & Sterling: Robert LaRussa, Lisa Raisner, George A. Casey and Scott Petepiece: CFIUS Update: Regulations Require Mandatory Filings For Certain Critical Technologies; Process Of Identifying Emerging Technologies Begins. Post.
- Skadden: Alexander C. Drylewski, Eytan J. Fisch, Stuart D. Levi, Jonathan Marcus and Eve-Christie Vermynck: As Interest In Blockchain Technology Grows, So Do Attempts At Guidance And Regulation. Post.
- Squire Patton Boggs: Stephanie Faber and Véronique Collin: France’s New Investment Control In The Cybersecurity And Technology Sectors. Post.
- Squire Patton Boggs: Will Saunders: The Biggest Workplace Issue In 2019 Will Be Getting People With The Right Skills, Says Recent Poll. Post.
Press Releases, Posts and Articles by Vendors:
- HighQ‘s Brett Chalmers: Legal AI: More fact than science fiction. Post.
- Clio releases new client management platform to ‘help lawyers ensure the future success of their business’. Post.
- Allianz to use Artificial Intelligence to deliver a true end-to-end automated solution for Stage 3 injury claims. Post. — and — “Allianz Insurance has launched a new digital platform that uses artificial intelligence (AI) to enable its injury claims handlers to process Ministry of Justice Stage 3 claims at a single click of a button.” Story here.
- Thomson Reuters: Introducing Litigation Analytics. “Unlock data-driven insights on judges, courts, attorneys, law firms, and case types to better develop case strategy and manage client expectations.” Post.
- Relativity Brings Reduced Data Fees, Unlimited Analytics, and a More Flexible Licensing Model to RelativityOne Customers. Post.
- Emerging from Harvard Law/MIT, Evisort AI Tech Company Posted Tremendous Growth in 2018, Announces Upcoming New Product Launch. Post.