This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why LawFirms 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 lawfirms to re-engineer their legacy economic model.
As Ive been developing this new course, its bringing back some memories when back in 2010 I was telling litigation paralegals they needed to get up to speed on eDiscovery. For those who are new listeners and dont know what that means Lets say that youre a litigation paralegal working in a lawfirm that barely ever goes to trial.
There is no denying that some lawfirms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for lawfirms. Due diligence.
Working in the legal profession means having a good working knowledge of many different technologies, including: Lawfirm billing software. As a paralegal working under the direct supervision of an attorney, you are a representation of that attorney (and your lawfirm). Video conferencing software. Docketing software.
It might have been double that, but I had a live webinar I was presenting to a lawfirm on billable hours. If you’re in litigation, you’ve been hearing about and working with legal AI in your eDiscovery technology tools for years. But here’s the thing, legal AI in eDiscovery tools has been around for over a decade.
The practice of outsourcing certain aspects of legal work by lawfirms, in-house counsels, and individual attorneys existed for decades. While we continue to offer our conventional legal process outsourcing services for lawfirms, the time has necessitated our evolution to be relevant in the digital age. and reach $25.7
They are responsible for: Drafting documents/agreements Corresponding with clients Meeting with clients for the signing of documents Legal Research Using eDiscovery software Representing individuals in small matters Administrative duties. On the other hand, Law Clerks are a regulated profession, as they work on the most substantial matters.
In lawfirms, AI has been particularly impactful by making document management and analysis processes more efficient. In lawfirms, AI has been particularly impactful by making document management and analysis processes more efficient. How much more productive could lawfirms be?
Reveal , a global provider of e-discovery technology, announced the release of Reveal 11, which it said is a major enhancement to its AI-powered on-premise and SaaS platform, which can be used to support litigation, investigations, compliance, antitrust, data privacy and other matters. Here is the rest of my round-up.
Artificial intelligence (AI) is rapidly transforming the way lawfirms operate. From client intake and document automation to eDiscovery and legal billing, we’ll cover what legal AI tools are, why lawyers are adopting them, and the top 8 legal AI tools firms can use to improve productivity. What Are Legal AI Tools?
However, with effective organization strategies and tools, this process can be streamlined, saving time, reducing errors, and ultimately improving the overall productivity of your lawfirm. Increasing Volume of Electronic Data As technology advances, so does the volume of electronic data.
The study has also unearthed the fact that ALSPs’ services are leveraged by 79% of lawfirms and 71% of corporate entities to achieve better efficiency and reduce costs. However, the data denotes that they have evolved as a strong ally today for lawfirms and corporate legal entities.
During the COVID-19 pandemic, corporate legal departments and lawfirms around the world struggled to meet the new normal’s demands. This implies the high demand for legal services, with corporations and lawfirms seeking an alternative strategy to manage large volumes of work while keeping costs low and profits high.
The 2019 State of -Discovery Report produced by FTI Consulting and Exterro estimates that the amount of data managed by lawfirm and law department IT staff has increased five-fold in just the last 5 years. Quite simply, AI/ML technology is the best tool we have in our toolbox in order to stay afloat in the sea of data.
However, with effective organization strategies and tools, this process can be streamlined, saving time, reducing errors, and ultimately improving the overall productivity of your lawfirm. Increasing Volume of Electronic Data As technology advances, so does the volume of electronic data.
Here’s how they’re using it: Legal research Document review Due diligenceE-discovery While some lawyers enthusiastically embrace AI for its potential to enhance efficiency and accuracy, others remain cautious. Here’s one to get you started: AI, ChatGPT, and the Future of Law.
We currently use this to offer lead generation services to lawfirms, but we love the potential for other use cases. Rich, easy-to-use features allow attorneys & paralegals to quickly draft responses, add objections, text or email clients & obtain electronic signatures directly from our platform.
Recently, the phrase “modern law” has been floating around in the legal industry. From corporate counsel to lawfirms to contract attorneys, this term of art can carry several meanings. But what does this mean and why should today’s practitioners care? Using advanced AI tools.
Plus, we’ll guide you through the best legal AI tools that are transforming lawfirms into powerhouses of efficiency and innovation. Understanding AI for Lawyers Legal AI aims to enhance and streamline various lawfirm processes, providing lawyers with tools to navigate daily operations more efficiently.
Be it contract lifecycle management, due diligence, contract review, legal research, analytics, intellectual property, or e-discovery, AI has found its application in every facet of the legal landscape. Today, several legal tech companies offer a range of AI tools to support legal professionals in getting more done, faster.
It is appealing to most firms because it is cost-effective and efficient. In a lawfirm, it is typically used to organizes emails, produce legal documents, regulate billing, and much more. Many lawfirms have already implemented a web chat feature on their websites. ” He believes that A.I.
Among firms with their own affiliate ALSPs, a remarkable 62% also engage independent ALSPs to handle tasks like eDiscovery, contract review, and compliance work. Beyond the these tasks, ALSPs are also penetrating niche areas like regulatory compliance and tech-enabled legal operations, markets that lawfirms tend to neglect.
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content