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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.” The importance of adopting these technologies cannot be overstated.
Thomson Reuters has launched Westlaw Precision, its most dramatic update to the Westlaw research platform since Westlaw Edge in 2018. For this new version, Westlaw tackled the underlying issues that slow down legalresearch — namely lack of precision in search results, which leads to extra hours reviewing cases that aren’t relevant.
For benchmarks to be valuable, they must test real-world problems that legal professionals face and measure what customers care about. The challenge is one-dimensional metrics do not offer a reliable representation of the real value of GenAI in the legalresearch process. Technology companies care deeply about benchmarking.
I’ll never forget walking into his office with a draft motion and asking him a question about it. Embrace Technology as Your Competitive Edge This one comes from anonymous. Whatever technology is applicable to your practice area, know it better than anyone else on your team. I’ll let others handle the tech.”
However, this inherent familiarity with (and normalization of) technology still leaves a gap of real-world proficiency within the software tools law firms rely on every day. Regardless, let’s examine the role’s day-to-day responsibilities within the lens of technological proficiency. LegalResearch and Presentations.
” “Enhanced case efficiency by streamlining legalresearch and document management processes.” ” “Enhanced case efficiency by streamlining legalresearch and document management processes.” ” Can you spot the AI shine? .” ” Can you spot the AI shine? ” Wow.
This is how many commercial offerings including some legalresearch services incorporate GenAI. OpenAI has added a RAG capability against Internet data and has also incorporated Agentic technology to break down a complex research question into multiple searches in support of discrete tasks. The paper got an A by the way.)
So to test the abilities of these products, librarians can use prompt engineering to figure out how to get desired results (controlling statutes, key cases, drafts of a memo, etc.). Some models are more successful than others at achieving specific results.
The legalresearch company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 First, the capital will help Casetext continue to create and improve products that help lawyers search the law and their own documents as well as to efficiently draftlegal documents like briefs.
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.
Last September, two litigation-focused Canadian legaltechnology companies, CiteRight and Jurisage, announced their merger, with the promise of combining CiteRight’s litigation drafting program with Jurisage’s AI technology to create an integrated legalresearch and drafting solution.
A new generative AI product for immigration lawyers announced today is designed to help them conduct research, draft and summarize complex legal documents, and engage with potential clients through a chat interface. Gen, a GPT-based legalresearch and summarization tool, built on a rich library of immigration content. .”
I sat down with Dr. Don Billings , a long-time colleague, who knows just about anything one needs to know about legaltechnology and beyond. As those of you who have been in the field for awhile know first-hand, lawyers are always the last to get on the bandwagon with changes, let alone technology changes. Not going to happen.
Just four years after launching Westlaw Edge as its next-generation legalresearch platform, Thomson Reuters today unveiled the next-next generation. Tackling Tedious and Imprecise Research. Citations are linked and formatted automatically, and the outline can be exported to Word to begin drafting a brief.
So youre really good at drafting discovery, doing legalresearch, managing document productions, etc. Just like 15-20 years ago, the legal professionals who didnt embrace the technology that could allow them to more efficiently review 20 GB of records. in 2012 known as the technology amendments.
Furthering its expansion beyond legalresearch and into other products aligned with legal professionals’ day-to-day workflows, Bloomberg Law has acquired Dashboard Legal , a project management and collaboration platform specifically designed for the legal market. ”
Automating time tracking through technology. Well also share key insights from the 2025 MyCase Legal Industry Report to show how firms are benefiting from this technology. Why Time Tracking Is Critical for Law Firm Profitability Accurate time tracking is the foundation of law firm profitability.
to serve as a lawyer’s virtual legal assistant, able to help with researchinglegal issues, drafting emails and letters, summarizing documents, brainstorming blog ideas, and even just conversational chatting. Currently, it is able to perform eight types of functions: Research a legal issue.
A first-of-its-kind tool introduced last year to automate the drafting of litigation briefs has been named new product of the year for 2021 by the American Association of Law Libraries. CARA has since spawned a generation of similar products from other legalresearch companies. Casetext says it can cut brief-writing time by 76%.
Lawyers and legal professionals using the AI-powered document drafting tool Clearbrief to create a legal brief or document will now be able to seamlessly view any case law they cite thanks to a partnership with the legalresearch and intelligence company Fastcase , the companies announced today.
By introducing the ability to research case law online as an alternative to spending hours flipping through books, attorneys could save a significant amount of time, which they utilized for building client relationships. This invention set the stage for a technology revolution in the legal space. Legal AI in the early years.
The firm said that the AI models are starting to perform at a level where they should be able to assist in legalresearch, such as providing a first draft or “as a cross-check on an existing answer,” and could also be useful “for tasks that involve summarising relatively well-known areas of law.
The legaltechnology company Casetext celebrates its 10th anniversary today. 2013 New LegalResearch Site Combines Case Law with Crowdsourcing. 2013 New LegalResearch Site Combines Case Law with Crowdsourcing. 2014 Two Sites Offer Platforms for Crowdsourced LegalResearch.
With legaltechnology companies of all ilks rapidly moving to develop products that incorporate the new generation of generative AI typified by ChatGPT, it was only a matter of time before one of the legalresearch giants would enter the fray. and the U.S., said during a preview yesterday for members of the media.
By streamlining complex processes and enhancing accuracy, AI is not only optimizing how legal professionals work but also redefining outcomes. Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legalresearch, contract analysis, and predictive analytics.
The legalresearch company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 First, the capital will help Casetext continue to create and improve products that help lawyers search the law and their own documents as well as to efficiently draftlegal documents like briefs.
Two litigation-focused Canadian legaltechnology companies, CiteRight and Jurisage , have merged, combining CiteRight’s litigation drafting program with Jurisage’s AI technology to create an integrated legalresearch and drafting solution.
Just three weeks after introducing its generative AI legalresearch product Lexis+ AI , LexisNexis is keeping the momentum going, today introducing two more products that use generative AI. The other, Lexis Create with Lexis+ AI, brings generative AI drafting assistance to the Lexis Create add-in for Microsoft Word.
Now, Casetext is formally launching that search tool under a new name, AllSearch , and with a focus on helping litigators search large sets of legal documents, including for e-discovery or to search internal databases and repositories, such as brief banks, litigation records, deposition transcripts, and expert reports.
Attention to Detail Problem-solving Technology Skills Proactive Mindset Professionalism Time Management Research Skills Strong Work Ethic Communication Skills Organization Skills. Technology skills. Paralegals who have an advanced level of technology skills have a competitive advantage in the legal profession.
It’s a big part of the reason why many law firms have historically been slow to adopt new technology. . But over the past two years, attorneys have been put in a position where choosing not to implement new legal tech isn’t really an option anymore. . Selecting the Right Type of Law Office Technology. LegalResearch .
LegalOn , a company that was already one of Japan’s largest providers of AI contract review technology when it launched into the U.S. ” Read more about LegalOn in the LawNext LegalTechnology Directory. . ” Read more about LegalOn in the LawNext LegalTechnology Directory. ” . ”
Which Technology Is the Best Fit for Your Law Firm? As with most professional service providers, legal professionals have a tendency to fall into the “If it ain’t broke…” camp. It’s a big part of the reason why many law firms have historically been slow to adopt new technology. The Impact of COVID-19 on Legal Tech .
Your legal team is counting on your confidence to prepare documents, talk to clients, and conduct legalresearch. Embrace technology Building your skills in technology from Adobe, Excel, Microsoft office suite to eDiscovery , e-filing, online research, billing systems etc. GET ACCESS 7.
Whether you’re brand new to practicing law or a seasoned pro, effective legalresearch is one of the cornerstones of being a successful lawyer. Throughout your career, legalresearch skills can help you stay abreast of evolving precedent. What is LegalResearch? Why is Effective LegalResearch Important?
This was the International LegalTechnology Association’s return to a live event, and I had fully intended to be there in the flesh. Rather, they were about ransomware attacks, regulatory reform, industry news, and new legalresearch tools. MyCase Quietly Makes Two Key Acquisitions Of Legal Tech Companies (July 6, 2021).
With the legal industry consumed with interest in generative AI and legal tech companies scrambling to incorporate the technology into their products, it was a sure bet that, sooner rather than later, Casetext would come out with a product of its own. Legalresearch memo. Review documents. Prepare for a deposition.
It is shared across an entire team Evernote is used by a number of attorneys, particularly for capturing information for legalresearch, productivity tasks and even case management. ”) Arteria AI is an end-to-end contract management tool originally developed by Deloitte’s AI Factory to streamline the drafting process.
Stephan Werthauer is a Senior Consultant/Trainee Solicitor at D2 LegalTechnology, a global legal data consulting firm. We recently caught up with Stephan to find out insights on working within the legaltechnology industry, what he does on an average day, and his advice for those wanting to take a similar career path.
AI is expected to automate nearly half of legal tasks in the US and Europe. Several legaltechnology trends are set to reshape how law firms operate. According to a Goldman Sachs report , AI is expected to automate nearly half of legal tasks in the US and Europe.
Last May, LexisNexis first revealed plans to launch Lexis+ AI , a new product that would use large language models to answer legalresearch questions, summarize legal issues, and generate legal document drafts. As Fitzpatrick’s quote says, it can help speed specific research tasks and enhance productivity.
As other legaltechnology companies have rushed to release products using generative AI, one of the largest, Thomson Reuters, has been unusually silent. TR and Microsoft have collaborated to develop a contract drafting solution that will combine TR’s software and content with Copilot for Word.
The acquisition unites a long-established giant in legalresearch with a company that has proven to be a feisty upstart since its founding in 2013. ” Earlier this year, it launched CoCounsel , an AI legal assistant developed in partnership with OpenAI and using the latest version of OpenAI’s GPT large language model.
Legal writing is a cornerstone skill for any successful attorney. Whether you are drafting an ironclad contract or a persuasive brief, mastering legal writing can set you apart in your practice. This article explores how to improve legal writing skill s by examining top techniques, examples, and best practices.
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