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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.
Factor, a managed services company that describes itself as a provider of “integrated law” to corporate legal departments, has acquired Theory and Principle, a legaltechnology design and development agency, in a move intended to advance Factor’s strategic shift toward developing and delivering AI-first legalservices.
The right technology can automate processes, enhance output, and ensure that a legal company remains relevant in the market. With advanced technology for law firms, experts can reduce the time they spend on repetitive tasks and place more effort on more demanding activities like client strategy.
As an ethics attorney, I am frequently asked about the ethics of subscription legalservices. Here is my story of how the practice hatched from an idea to a full-fledged service line. The post Launching a Subscription-Based LegalServices Program for My Law Firm appeared first on Attorney at Work.
LLMs and generative AI are revolutionizing text generation and comprehension, and the legal industry is feeling their impact. The post How LLMs and Generative AI Can Transform LegalServices appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
SXSWor as some call it, South Byis a sprawling, nine-day event (13 if you include the education-focused portion) that blends technology, music, film, media, and culture into an immersive experience. Over the years, it has morphed into a global event that brings together emerging technology, digital media, and internet culture.
For all the money being poured into legaltechnology development these days, woefully little gets spent on technology designed to enhance access to justice for low-income Americans. Based on these assessments, staff and volunteers will receive customized technology trainings that address any deficiencies in their knowledge.
It would be wise for legalservice communities to navigate the complexities of AI/ML with a nuanced approach that balances innovation and caution. The post Securing The Use Of Artificial Intelligence And Machine Learning In LegalServices appeared first on Above the Law.
In recent months, Epiq, a global company providing technology-enabled legalservices, has announced new artificial intelligence and analytics features built using the AI capabilities of Amazon Web Services.
In response, they are investing more in automation, advanced analytics and other technologies that will help them manage the workload. This trend toward the increasing technology in law is echoed by industry analysts. Must law firms keep pace with their clients’ technology efforts? According to Gartner Inc.,
ClientCredit is the first BNPL solution for legal clients on the market and is exclusively available through LawPay. With ClientCredit, your clients have the ability to pay for legalservices in installments while your firm still receives 100% of the invoiced amount upfront. The Latest from the Legal Payments Leaders.
Winners have been named for the second annual American LegalTechnology Awards , a competition launched last year to honor exceptional achievements in legaltechnology. Priori Legal. Glenn Rawdon , program counsel for technology, LegalServices Corporation. Technology (Wednesday, Nov.
The job, as they see it, is to get the fee out there, and to define the scope of legalservices, as quickly as possible – so that the client will sign off, and so that the lawyer can go back to what they really want to do, which is to practice substantive law. Tired of getting texts from clients in the middle of the night?
As a leading provider of legaltechnology software, LawVu maintains close contact with our customers and the broader in-house legal community, ensuring we are always aware of emerging trends and able to deliver on our mission, which is to support and accelerate the work of the worlds corporate legal teams.
Managed legalservice providers like Cenza can play a significant role in simplifying the implementation process. Managed LegalService Support: Cenza has industry expertise and can assist in conducting a comprehensive needs assessment, identifying pain points, and aligning your requirements with the CLM solution’s capabilities.
The post As Law Firms Start Layoffs, Alternative LegalServices Providers Grow Like Gangbusters appeared first on Above the Law. Biglaw firms that haven't entered the ALSP market might want to get a move on.
The post How Generative AI Will Improve LegalService Delivery appeared first on Above the Law. Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report.
The challenges of increasing costs, customer service and scalability are a textbook use case for technology — especially AI. With only a slight delay, trained transcriptionists can provide extremely accurate, human-reviewed transcripts during the proceeding to benefit the delivery of legalservices.
A must-have feature of legal practice management platforms, case management software, centralizes all your case files, communications, billing, and scheduling in one platform — it’s truly like having a command center for your law firm. New law firm technology can produce error-free documents swiftly, saving time and resources.
From managing contracts and matters to controlling spend, LawVus legal workspace empowers teams to stop switching between tools and maximize their efficiency. Discover how LawVu can transform your legal operations at www.lawvu.com.
Every year, the ABA and the LegalTechnology Resource Center conduct a legaltechnology survey seeking information from law firms of all sizes about how they use technology for everything from cybersecurity to cloud computing services to marketing and more. Technology Basics and Security.
It took years to shape into a formal industry and to be christened Alternative LegalService Providers. This fact was further reiterated by Thomson Reuters’ Alternative LegalService Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.
“ Microsoft Excel for Legal Professionals ” “The best bang for your technology dollar is to learn to use the technology you already own. ” The post Law Technology Today Top 10: July appeared first on Law Technology Today. ” 10.
Cenza is an established global ALSP serving clients in the US and UK from India with scalable, cost‐effective, and reliable managed legalservices built on best‐in‐class technology, deep operational expertise, rigorous quality control, and robust client service. The full press release is here. Magazine (Inc.
In a growing legalservices market, firms are seizing opportunities for growth. Others strategically acquire or merge to add strength to the leadership team or increase services to support a growing client base. Consider these key points for planning a smooth technology integration. Assemble a Cross-functional Team.
“The evidence gathered in this report shows that rule reforms can spur significant innovation, both in the ownership structure of legalservices providers and in the delivery models used to serve clients,” the report concludes. Not surprisingly, technology is a critical element in innovation of legalservices delivery.
Legal operations has existed for longer than one might think. Before the role was defined, some functions were performed by an office manager within the in-house legal department. Technology wasn’t prevalent, so the job was primarily focused on making sure the day-to-day operations of the legal organization ran efficiently.
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 legalservices are delivered and will force law firms to re-engineer their legacy economic model.
The ABA TechReport combines data from the annual ABA LegalTechnology Survey Report with expert analysis, observations, and predictions from leaders in the legaltechnology field. The published results represent one of the most comprehensive technology surveys of lawyers available. Fixing Fees.
In a ruling by the federal circuit and family court on Friday, Justice Rania Skaros referred the lawyer, who had his name redacted from the ruling, to the Office of the NSW LegalServices Commissioner (OLSC) for consideration. Presumably the judge said, “That’s not a case… this is a case.”
Rupp Pfalzgraf has embraced cutting-edge technology since its inception, leveraging advancements to deliver high-quality legalservices with greater efficiency. Over the years, the firm has doubled down on innovation, ensuring they remain adaptable and prepared to meet the challenges of the modern legal landscape.
For the last seven years, Mighty has been a legaltechnology company operating a portal that helps personal injury law firms interface more seamlessly with the lienholders, such as medical providers, who have claims against their clients’ recoveries. The firm will provide all legalservices to clients and receive all client fees.
Ari Kaplan recently spoke with Marla Crawford, the general counsel at Cimplifi, an integrated legalservices provider that aligns e-discovery and contract analytics for corporate…
About Veritext Legal Solutions Founded on a commitment to excellence, Veritext has become the trusted partner and established market leader in litigation technology and legalservice solutions for law firms, government agencies and enterprise corporations.
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.
As a solo law firm, you are small but mighty — able to run a lean business operation, offer customized and competitive pricing, and outperform your BigLaw competitors through personalized legalservices delivery. Almost every industry has been affected by the pressures of the COVID-19 pandemic, including the legal industry.
Technology, regulatory and compliance issues all add to a mix of challenges that vary by industry, location and company size. In legalservices, specialization has been spurred by rapid change. Commoditization of Legal Documents. Drivers Behind Practice Specialization. Here is a quick look at some key factors to consider.
The event, themed "Brewing the Future: In-House Legal in the Age of LegalTech and AI," brought together 100 registrants from in-house legal departments, law firms, and legalservice providers. Key Takeaways: AI will drive efficiency, reducing costs and enhancing service delivery. ABS in Arizona).
At one point, early in the generative AI era, I wondered if developing this technology to essentially take over first-pass review and hand senior lawyers who view computers much like the Supreme Court views voting rights access to interrogate discovery materials might deal a devastating blow to the alternative legalservice provider sector.
In turn, you will be able to identify and address skills gaps before strategic goals – technology modernization, billing practices, client management — are affected. On the other hand, law firms can benefit from these other caches of legal talent. Seek Talent from Non-traditional Places.
By Lawrence Pascoe Compared to other businesses, lawyers have not evolved in how they serve their clients Let’s be honest; the way lawyers serve their clients has not changed much , not just from the late 1970s when I started practicing law but probably since the 1200s when England passed laws regulating the conduct of the legal profession.
Technology leaders have had to reassure users across all sectors that AI is here to help them, not replace them. The time is now to figure out how to use them to reduce costs, minimize risks, develop better business strategies — and deliver the best legalservices possible. The law isn’t unique in its resistance to AI.
Jerry Lawson spoke with Richard Granat, a lawyer, frequent speaker on legaltechnology, blogger, and consultant. His professional work has earned many awards, including the ABA's Legal Rebel Award, the ABA's Louis M. He has long been a leader in using technology to improve access to legalservices.
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