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DeepL, a writing and translation service that leverages a proprietary large language model, announced on Wednesday the closing of a $300 million investment round that values the company at $2 billion.
More senior lawyers ask different and deeper questions about artificial intelligence technology — particularly around security and data protection — not only for their need to stay relevant and gain additional skills, but also because of their breadth of experience and years of being risk-averse, according to a legal industry panelist who spoke during a webinar Tuesday.
Solo and small law firms plan to adopt uses of artificial intelligence technology more quickly than larger firms in the next six months, and prospective clients are even more eager for AI, according to a new report by law practice management software company Clio.
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.