Weekly Briefing
This week we discuss the strategic use of AI, acquisitions in legal tech, and measures to boost law firm profitability. Key updates involve advanced AI applications, leadership changes in legal tech firms, and heightened data privacy concerns.
Weekly Briefing
Legal tech is rapidly evolving with companies like Clio, Evisort, and App4Legal leveraging AI solutions for improved efficiencies. Regulatory bodies, such as Spain's AESIA, are emerging for AI supervision within the legal sector.
Weekly Briefing
Leading law firms and tech providers leverage AI and machine learning to streamline law operations and services. Increasing trends towards AI training, document classification harmonizing, and the wideness of the pay gap are influencing the sector and its future.
AI
Legal tech is advancing with AI being utilized in contract drafting and analysis, which is visible globally. Mergers and collaborations indicate expanding capabilities, while discussions on AI regulation continue.
News
Key legal tech developments include Lucy Shurwood's move to Simmons & Simmons, Thirdfort reducing property transaction times, and Mindgard's £3m funding. Increasing tech adoption emphasizes efficiency, with the focus on cybersecurity growing.
News
ILTACON 2023 highlighted generative AI's impact on law, increasing calls for regulation and a rift between law firms and clients over AI use, while examining law firms' modernizing compensation and ongoing JetBlue lawsuit.
News
Discussions continue on using AI for legal tasks amidst accuracy and privacy concerns. Significant developments include mergers, acquisitions and investments in AI-powered platforms. Concerns persist on data compliance issues.
AI
Big Law firm makes a move to create the first Chief AI role. Elsewhere, more legal tech companies continue to release updated with AI features, while some argue the job replacing impact of AI has been overstated.
AI
Startup Hivelight aims to boost legal team productivity; Information Governance gains importance; AI adoption is reshaping the industry, yet human insight remains vital. The legal profession is increasingly data-driven, suggesting advancements and challenges ahead.
News
Legal tech solutions and AI integration are improving security, productivity, and workflows for lawyers. Companies like Hogan Lovells, Burges Salmon, and Thomson Reuters are leading the way. Technology is reshaping the legal landscape, delivering better services.