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Superlegal, an artificial intelligence platform to help small and medium-sized businesses review contracts, closed a $5 million seed funding round on Wednesday.
Travers Smith LLP said on Wednesday that it has spun out a new artificial intelligence business from its legal technology arm that it expects will form one single system for lawyers to access and create a variety of AI tools.
Legal OS, which offers a legal assistant that automatically addresses requests from business users, announced Tuesday its rebranding to Flank AI and the broadening of its commercial application.
Lawyer job listings that require artificial intelligence skills carry a wage premium of up to 49% higher in some markets, according to a report released Tuesday.
CyEx, a supplier of data breach solutions, announced Monday the acquisition of class action settlement administrator Simpluris Inc.
The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.
The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the near future.
The American Bar Association's national accrediting arm for law degree programs announced during a council meeting Friday the adoption of a report that effectively recognizes alternative methods of attorney licensing outside the bar exam.
Some legal tech founders value getting their company certified as a women-owned business, but they have found it challenging to obtain certification while trying to run successful enterprises, juggle other responsibilities and navigate investor opportunities.
A new evidentiary rule for dealing with artificial intelligence-generated deepfakes is unnecessary right now, according to a federal judiciary committee, but the courts' "wait and see" approach may be too cautious, some experts told Law360 Monday.
Professional services firm Alvarez & Marsal announced Monday the launch of a new outsourcing service, offering law firms management and consulting services to address "back-office functions."
The New Jersey Assembly Judiciary Committee approved measures Monday to head off the rise of "deepfakes," including the establishment of a $2 million unit under the Office of the Attorney General to help law enforcement and the state judiciary verify evidence.
California Supreme Court Chief Justice Patricia Guerrero has created a new task force to look into how generative artificial intelligence could benefit the court system and its users, while also evaluating its potential risks, the court announced Friday.
As Microsoft homes in on policies around artificial intelligence, the company published a report Friday featuring external perspectives and its own views on goals and frameworks for global AI governance.
A leading executive leaving a legal technology company tops this roundup of recent industry news.
International law firm Quinn Emanuel Urquhart & Sullivan LLP is adding artificial intelligence litigation analytics platform Pre/Dicta to its repertoire of litigation tools, the firm and company announced this week.
The middle of May marked another action-packed week for the legal industry as former President Donald Trump's hush money trial continued and BigLaw firms expanded their reach in the U.S. and abroad. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The State Bar of California has shelved a plan to develop its own online bar exam, a shift that could save the cash-strapped organization up to $4 million per year, but drew opposition from law school deans concerned about its ambitious rollout timeline.
As federal judiciary officials explore how to handle evidence faked by artificial intelligence, attorneys are divided over the need to change evidence rules, with some worried that current rules are not up to the challenges posed by deepfakes, and others fearful that altering them might do more harm than good.
Contract review software company eBrevia Inc. recently launched its first new product since the business was bought back by its co-founders Adam Nguyen and Jake Mundt. Here, the co-founders spoke with Law360 Pulse about why they repurchased eBrevia and their plans for the company.
Practice management solutions provider SurePoint Technologies announced on Thursday the acquisition of legal intelligence firm Leopard Solutions.
Leya, an artificial intelligence-powered legal assistant that pulls public legal sources and proprietary data from law firms, raised a $10.5 million seed round on Thursday.
Buchalter PC announced that it hired the former chief legal officer at mortgage-focused fintech company Sagent as a Seattle-based shareholder and chair of its newly launched fintech and artificial intelligence practice group.
Goodwin Procter LLP announced this week the launch of Goodwin Embark, an investor onboarding service developed in partnership with software company Passthrough.
International law firm Faegre Drinker Biddle & Reath LLP is partnering with Chicago-based artificial intelligence predictive analytics platform Orgaimi Inc. to gain more insights from the firm's existing data to better serve clients.
Law firms implementing artificial intelligence tools to help lawyers find answers to administrative questions should remember that poor data integration practices can be costly and time-consuming, and must consider four steps to lay the groundwork, says Bim Dave at Helm360.
Best practices for adopting new legal technology include considering the details of the organization's needs, assembling an implementation team, integrating the new tool into the workflow and making it as easy as possible for the user, says Kate Orr at Orrick.
To attract future lawyers from diverse backgrounds, firms must think beyond recruiting efforts, because law students are looking for diversity, equity and inclusion initiatives that invest in employee professional development and engage with students year-round, says Lauren Jackson at Howard University School of Law.
As clients increasingly tell law firms to integrate new legal technologies, firms should consider service delivery advancements that directly address the practice of law and can truly distinguish them — both from a technology and talent perspective, say members of Axiom Consulting.
Robert Keeling at Sidley reflects on leading discovery in the litigation that followed the historic $85 billion AT&T-Time Warner merger and how the case highlighted the importance of having a strategic e-discovery plan in place.
As virtual reality continues to develop, litigators should consider how it will affect various aspects of law practice — from marketing and training to the courtroom itself — as well as the potential need for legal reforms to ensure metaverse-generated data is preserved and available for discovery, says Ron Carey at Esquire Deposition Solutions.
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The Future Of Legal Ops: Time To Get Serious About DataMost corporate legal departments collect surface-level data around their operations, such as costs and time to resolution, but legal leaders should explore more in-depth data gathering to assess how effective an attorney was, how efficiently legal work was performed, and more, says Andy Krebs at Intel.
While many lawyers still believe that a manual, document-by-document review is the best approach to privilege logging, certain artificial intelligence tools can bolster the traditional review process and make this aspect of electronic document review more efficient, more accurate and less costly, say Laura Riff and Michelle Six at Kirkland.
Law firms considering machine learning and natural language processing to aid in contract reviews should keep several best practices in mind when procuring and deploying this nascent technology, starting with identifying their organization's needs and key requirements, says Ned Gannon at eBrevia.
Law firms need to shift their focus from solving the needs of their lawyers with siloed solutions to implementing collaboration technology, thereby enabling more seamless workflows and team experiences amid widespread embrace of hybrid and remote work models, says Kate Jasaitis at HBR Consulting.
Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Neville Eisenberg and Mark Grayson at BCLP explain how they sped up contract execution for one client by replacing email with a centralized, digital tool for negotiations and review, and how the principles they adhered to can be helpful for other law firms looking to improve poorly managed contract management processes.
Many legal technology vendors now sell artificial intelligence and machine learning tools at a premium price tag, but law firms must take the time to properly evaluate them as not all offerings generate process efficiencies or even use the technologies advertised, says Steven Magnuson at Ballard Spahr.
Every lawyer can begin incorporating aspects of software development in their day-to-day practice with little to no changes in their existing tools or workflow, and legal organizations that take steps to encourage this exploration of programming can transform into tech incubators, says George Zalepa at Greenberg Traurig.