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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how law firms operate.
HCCH Monthly Update: March 2025 Membership On 5 March 2025, Rwanda deposited its instrument of acceptance of the Statute, becoming the 92 nd Member of the HCCH. Conventions & Instruments On 1 March 2025, the 2005 Choice of Court Convention entered into force for North Macedonia. More information is available here.
by 10 January, 2025 with the email subject clearly marked Submission Proposal Special Issue JSDP PIL and Sustainable Development in Africa. Proposals will be reviewed by the editors and selected participants will be informed by the end of January 2025. These are all themes that can be explored from a sustainability perspective.
the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.
During the LexisNexis briefing, I learned about Protg, their new generative AI assistant, which is designed to automate up to 20% of legal work — everything from drafting to clause analysis — by pulling directly from embedded DMS and contract data.
With a phenomenal upward trend over the last decade, the contract management industry has evolved into a critical business-shaping legal function. Global enterprises needed to craft new contract structures to match the rapid and dynamic nature of the businesses. By 2025, the contract management market is estimated to grow at a 12.3%
Were using AI-enabled tools that are integrated directly into the research and drafting tools we were using already, and, as a result, were getting deeper, more nuanced, and more comprehensive insights faster. We have highly trained professionals doing sophisticated information analysis and reporting, augmented by technology.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legal services are delivered and will force law firms to re-engineer their legacy economic model.
Whether it’s contracts, deeds, agreements, invoices, letters, wills, policies,, they all require a decent amount of work and time to generate, review, and process. That’s why many firms have adopted legal document automation software to streamline file drafting and management.
Chen Jianbao , Beijing Fourth Intermediate Peoples Court pointed out that CPL allows parties to a contract the right to select the court by agreement, which reflects party autonomy in civil procedure law. Upon the other partys request, the drafting party should also fully explain the jurisdiction clause to the other party. [1]
Examples include scheduling and attending appointments and meetings, maintaining client relationships, and completing your day-to-day legal tasks, such as performing due diligence, draftingcontracts, preparing for trial, and other billable hour tasks. As a result, its critical to keep your documents organized and secure.
The draft of New York’s Clean Energy Standard Biennial Review was published July 1 by New York State Department of Public Service (NYS DPS) and New York State Energy Research and Development (NYSERDA). The scale of development necessary to meet this target is daunting. million towards wildlife and fisheries monitoring.
We are pleased to announce an online symposium on Unveiling Arbitration’s (New) Identity in a Changing World , scheduled for May 9, 2025. Full draft papers will be due by May 14, 2025, and will be made available to all participants. Notifications of acceptance will be sent in December 2024. Organizers: Prof.
Proposals will be reviewed by the editors and selected participants will be informed by the end of January 2025. These are all themes that can be explored from a sustainability perspective. We are particularly interested in innovative academic approaches that address these themes within the African context.
Imagine AI-powered legal research that takes minutes instead of hours, automated document drafting that eliminates errors, or cloud-based case management that lets your team collaborate from anywhere. VWV, a mid-sized law firm in the United Kingdom, has even reported an 80% improvement in its contract review time , thanks to AI use.
We welcome original articles that provide insights into the legal dimensions of ecodesign and explore, but are not limited to, the following topics: Contracts and Ecodesign: how ecodesign interferes with the creation and supply of products and regulatory challenges connected to this transformation. by 21 February 2025.
At the present moment, you know, there’s a draft legal aid policy on the table, but it seems it won’t be adopted until next year, which means that anything that’s in there wouldn’t come into effect, probably until 2025-2026. Some of us won’t even be working here at that point.
At its March 16 regular monthly open meeting, the FCC will consider a draft Further Notice of Proposed Rulemaking (“FNPRM”) that, if adopted, would formally propose to extend the FCC’s existing audio description requirements for broadcast television to DMAs below the top 100 (i.e., DMAs 101-210). and 11:59 p.m. local time.
billion of the worldwide Legal Process Outsourcing (LPO) requirement by 2025. In areas like legal matter management, document review, billing, legal word processing, and contract management, legal departments still lack automation and integrated technology solutions, further depleting expenses and resources. The Need for LPO.
Many in-house legal teams start their technology innovation journey by implementing a Contract Lifecycle Management (CLM) solution. It’s an understandable choice, as contracts can make up a significant portion of legal work and a CLM solves problems that are tangible and visible to the entire business.
Nationwide: UCC Form Changes The International Association of Commercial Administrators (IACA), which drafts the Uniform Commercial Code (UCC) forms, has implemented changes to the UCC filing forms with a revised date of July 1, 2023. The Convention is expected to enter into force between China and the contracting states on November 7, 2023.
The New Consumer Agenda , which presents a vision for the EU consumer policy from 2020 to 2025, builds on the 2012 Consumer Agenda (which expires in 2020) was the focus of the first panel. 1215/2012 ( C-213/18, easyJet ; C-343/19, Verein für Konsumenteninformation ) and protection of consumers against unfair contract terms C?511/17,
It directs the California Air Resources Board (CARB) to contract with a nonprofit climate reporting organization that has “experience with climate-related financial risk disclosure by entities operating in California.” One target of this is the “greenwashing” that underlies many companies’ net zero pledges. [20]
We are the first AI-driven platform to focus specifically on drafting litigation documents. The substantial amount of time lawyers spend drafting documents during litigation. It also improves access to justice for society as lawyers can handle more cases, as well as remove some bias from the legal system through fact-first drafting.
They slogged through document review, churned out first drafts, and otherwise served at the beck and call of their senior colleagues while drowning under the crushing weight of student loans. Junior associates also used to create legal content from scratch before an avalanche of red ink created an unrecognizable final draft.
It will enter into force for North Macedonia on 1 March 2025. Pursuant to its mandate, the Working Group made further progress on the development of draft provisions on parallel proceedings and related actions or claims. More information is available here. More information is available here. More information is available here.
As part of the launch, WE ACT and the Sabin Center held a webinar on March 5, 2025 to introduce the resources and explain how they can be used most effectively. A CBA is a legally binding contract between a developer and a community organization, coalition of organizations, or municipality. A recording of the webinar is available here.
The move allows KPMG to greatly expand its legal offerings, for example, into services such as drafting and updating contracts and reconciling legal materials in merger-and-acquisition deals. 2025 March 27, 10:15-11:15AM Central. Learn more and apply here. Conflicts Analyst (Ethics Walls), Crowell & Moring DC/Remote.
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