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Using legal data for strategic lawfirm planning is no longer reserved for BigLaw. For lawfirms, it’s critical to gather intelligence about real-time trends that are creating sharp and sudden changes as well as longer-term trends affecting the overall health of your markets. Long-Term Trends.
Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that lawfirms and litigation support teams have been quick to embrace them. Despite their benefits, many legal organizations have been hesitant to implement AI tools. AI Hesitation.
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.
Enter modern lawfirm case management software. To truly transform your practice, you need to look for specific lawfirm case management software features that address the unique challenges of legal work. Let’s dive into the must-have features that can revolutionize your lawfirm’s operations.
You have an extremely diverse set of responsibilities, from legalresearch to drafting to administration tasks, and must communicate with all stakeholders (internal and external) at the practice. Consolidate your entire team’s work in a central location to implement any feedback and updates about the firm's cases.
Legalresearch options abound, more so than ever before. This is in line with the general proliferation of lawfirm technology, buoyed by the rapid advancement of cloud technology for use in business. But, no lawfirm has an unlimited budget. If you want to talk legalresearch, we’re down.
It helps firms enhance productivity, increase efficiency, and improve response time — allowing you to add more value to your client. There are a ton of reasons why so many small lawfirms use Practical Law know-how. based, licensed attorney-editors create and maintain Practical Law resources.
As guardians of clients’ personal and confidential information, legal professionals face an array of complex risks that can be difficult to navigate in such a volatile environment. The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice. Data Security Is Top Priority.
Estrin I had lunch last week with a friend who is the Director of Administration at a top, major lawfirm. The firm had been seeking a litigation paralegal for months. You are most likely creating a sense of career stagnation which can lead employees to look outside your firm for advancement. Most lawfirms pay bonuses.
A successful cyber attack can expose the contents of your computer systems — things like confidential client data, work product, financial records, account passwords, and everything else you have a consequential professional and legal obligation to safeguard. So what are the biggest lawfirm cyber risks? Phishing expeditions 3.
” “Enhanced case efficiency by streamlining legalresearch and document management processes.” I really needed that – to be reminded how lawfirm people communicate, that is. She is CEO of Estrin Legal Staffing , a nationwide staffing organization. ” Can you spot the AI shine?
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.
Read on for a strong addition to your research trail — while learning what a 'research trail' is. The post The Legal Tech-To-English Dictionary: LegalResearch appeared first on Above the Law.
The future of legalresearch is AI. Read on to get the definitive guide to choosing a Gen AI legalresearch solution The post How To Choose The Right LegalResearch Platform For Your AI Journey appeared first on Above the Law.
When the legalresearch companies vLex and Fastcase announced their merger in April , they promised the deal would fuel new opportunities for the development of generative AI for legalresearch. “The combined library is the crown jewel of LLMs and the ultimate training data set for legal AI.”
The future of legalresearch is AI. The post The Definitive Guide To Choosing A Gen AI LegalResearch Solution appeared first on Above the Law. Choose a platform that supports you on this journey, with the experience to guide you every step of the way.
AI-Assisted Research serves as a force multiplier for legal professionals. The post Precision Meets AI: Thomson Reuters’ New Era Of LegalResearch appeared first on Above the Law.
eDiscovery Assistant , a legalresearch platform for e-discovery case law and resources, is today introducing AI-generated case law summaries. Its founder, Twigger, is the principal at ESI Attorneys, a lawfirm dedicated to e-discovery, and a nationally known e-discovery attorney, author, and speaker.
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.” In 2025, these technologies will revolutionize legalresearch, document review, and case predictions.
The legalresearch company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 “We have a superior product already that is preferred by over 9,000 lawfirm customers, including over 40 of the AmLaw 200,” he said. million since its founding in 2013.
I started my professional career working for lawfirms directly out of college. 1 Billing your time can be stressful if you’re not meeting your firm’s annual quota…or it can be rewarding if you’re exceeding that quota and your bonus is based on that metric. A lawfirm is a business.
A federal district judge has imposed monetary and other sanctions on the two lawyers who filed a brief laden with bogus cases they found when they relied on ChatGPT for legalresearch. Schwartz, as well as the lawfirm of Levidow, Levidow & Oberman, to pay a penalty of $5,000.
First up – a summary comparison of five gen AI platforms and their legalresearch… The post Some GenAI to Help Your New LawFirm appeared first on My Shingle. Here are two resources that won’t take more than ten minutes of your time.
The post Digital Transformation for LawFirms: A Guide to Modernizing Your Practice appeared first on Rocket Matter. Today, better and expedited access to legal services is simply a baseline to meet, not a privilege. The answer is simple: a lack of digital transformation in lawfirms.
The post How Much Does It Cost to Start a LawFirm? Learn how big tech has changed the legal industry Free Guide The Small Firms Guide to Big Tech While any change in how you operate your law office can feel overwhelming, theres never been a better time to start migrating your office structures online.
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.
LawFirm Accounting Software Lawfirm accounting software provides a streamlined way to manage a firms financial operations while remaining compliant with accounting laws and regulations. If your firm doesnt yet have a website, thats the place to start.
Choose from this buffet of essential lawyer skills to plan your ascent to the heights of the legal profession. The post Essential Lawyer Skills for a Successful Law Practice appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
For example, a London lawfirm used data on the outcomes of 600 cases over 12 months to create a model for the viability of personal injury cases. AI also has various other–more straightforward–applications of which lawfirms can take advantage. Legalresearch has also been shown to be greatly aided by AI.
The majority of lawfirms use just five or fewer unique software products, according to a legal industry study published today by the law practice management company Smokeball. What are the legal tech products firms are most likely to use? According to the survey, the most popular are: Legalresearch, 61%.
LegalResearch and Writing In my first year of studying Paralegal Studies, my school provided us with Westlaw/LexisNexis (legalresearch software) that we used for legalresearch purposes. which provided me with a comprehensive understanding of the legal system and procedures.
While lawfirms struggle to keep a lid on AI security threats and otherwise control lawyers using AI out of turn , Linklaters has a forward-thinking solution that more firms should embrace.
In the past, lawfirms were known for sprawling offices, where even the most junior associates had their own private workspace. That changed as larger firms adopted standard-size offices, open floor plans and clustered workstations, and a growing cadre of lawyers — particularly solo practitioners — moved to shared offices.
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. ” .” ”
The issue is when operators do not provide adequate notice for tenants to research options and make an educated decision about new office space. What About Renting an Office With Another LawFirm? Here’s what you should expect if you’re shopping for legal-only shared office space. Paralegal support.
Legal recruiting is an important business development tool for lawfirms looking to expand their client roster, build up their practice areas, and open offices in new locations. The Legal Recruiting and Business Development Connection. Developing a Data-Driven Approach to Legal Recruiting.
Keeping up on the litigation landscape with AI-powered legal analytics can help cultivate productive and meaningful client relationships. “As As someone who had his own lawfirm, I learned very early on that without clients, you had no business,” says Cole Silver , Chief Client Officer at Blank Rome. Still, it bears repeating.
The post Cheat Code: How Will AI Affect LegalResearch & Writing? appeared first on Above the Law. We’ve got all the angles covered in this episode of the Non-Eventcast podcast.
Seven times since 2016, Thomson Reuters has conducted a survey on the state of small lawfirms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.
They were enthused about how fast it was and how they could utilize it for legalresearch, drafting legal documents, case analysis, legal compliance, composing client communications and the list goes on. Remember the Golden Ticket from Willy Wonka?
In an evolving legal environment with market competition at an all-time high, the technical competence of lawfirms and legal departments of large organizations have to be top notch. Outsource non-core processes: Outsourcing of non-core processes by lawfirms have a proven track record of resulting in cost reduction.
Download it below to learn: A detailed explanation of legal AI assistants The benefits a legal AI assistant can bring to your practice Specific use cases for litigation and transactions The importance of data security and privacy protections The post Gen AI: Your LegalResearch Assistant, Not Your Replacement appeared first on Above the Law.
However, this inherent familiarity with (and normalization of) technology still leaves a gap of real-world proficiency within the software tools lawfirms rely on every day. LegalResearch and Presentations. Lawfirms see everything in hours and minutes (particularly if they have a billable hour requirement ).
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?
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