Within the span of five days recently in Chicago, I attended two somewhat different conferences, and at each, I found evidence that we are moving the ball forward on developing and implementing practical applications for generative AI in law.
You may wonder why I even needed evidence. After all, for the last year and a…
When it comes to big names in legal operations and legal innovation, it is hard to think of one bigger than David Cambria, who has long been described as the godfather of legal operations, including for his trailblazing work as COO and head of global operations for Fortune 50 company Archer Daniels Midland and…
Last week, as the law practice management company Clio announced a record $900 million funding round, the largest ever for a legal technology company, I published an exclusive LawNext podcast interview with Jack Newton, Clio’s founder and CEO, recorded a few days ahead of the announcement.
With so much interest in that story and…
It’s Friday, which means it’s time for another Legaltech Week, the live show where a panel of journalists and bloggers discusses the week’s top stories in legal tech and innovation. Among the stories on tap for today:…
I recently wrote here about an American Bar Association survey of law schools that offer AI classes. The survey found that 55% of responding law schools offer such classes. A Reuters news story picked up on that and reported, “More than half of law schools now offer classes on AI.”
The problem…
Last month, KKR, a major global investment firm, announced that it had entered into an agreement to acquire a majority stake in Agiloft, the contract lifecycle management company. As part of the deal, the growth equity firm FTV Capital
Mark O’Brien, who cofounded the innovative access-to-justice organization Pro Bono Net together with Michael Hertz 25 years ago, and who has been its executive director since 2005, is stepping down from the organization Sept. 1.
In an email this morning to Pro Bono Net supporters, O’Brien said he is leaving “to embark…
In its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and limitations of the specific generative AI technology the lawyer might use.
In…
With hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average accuracy on legal research tasks.
Paxton also today released a new Confidence Indicator feature that…
The global legal technology company Litera said today that it has acquired FileTrail, a leading provider of information governance and records management software for law firms, corporations and highly regulated industries.
Terms of the deal were not disclosed.
With the acquisition of the 24-year-old company, Litera expands its offerings in the areas of…
You have been hearing about it in the news, now see how it works. Last month, Henchman, a generative AI-driven platform that promises to deliver “the fastest contract drafting experience ever made,” announced that it was to be acquired by LexisNexis Legal & Professional. Just this week, LexisNexis said it had…
In reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete.
So I set about trying to come up with a more accurate…
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