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Legal Tech
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Legal Ops Veteran: Let Tech Empower And Transform You
Chryssa Stefanou, global head of legal operations at biotechnology company CSL, wants lawyers to realize that generative AI and new technology tools can empower them and add value to their work. Here, she discusses her career in the space and shares how CSL and its legal department are using generative AI.
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Legal Tech Roundup: Icertis, OpenText
A contract management company's hiring of two C-suite executives tops this roundup of recent industry news.
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Nearly 1 In 5 Queries Cause Legal AI Tools To Hallucinate
Nearly one in five queries caused leading legal artificial intelligence tools to respond with misleading or false information, according to a new report on Thursday, reminding users to remain cautious about the outputs of these platforms.
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Voir Dire: Law360 Pulse's Weekly Quiz
The upcoming holiday weekend didn't stop the legal industry from making this another action-packed week as BigLaw expanded and adjusted practices. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Snapshot: What To Know About Colorado's New AI Rules
Colorado Gov. Jared Polis signed the Artificial Intelligence Act into law last week, setting rules for both developers and deployers of "high-risk" AI systems.
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Garden State's New Bar Prez Is Prioritizing AI, Atty Wellness
William H. Mergner Jr., the newly sworn-in president of the New Jersey State Bar Association, joined Law360 Pulse for a preview of how he plans to approach AI, boosting NJSBA membership and more.
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Legal Tech Data Governance Cos. Get $8M Investment
Growth equity investor Gresham House Ventures backed the legal tech data governance companies ActiveNav and Actfore with a follow-on investment of £6.3 million (about $8 million) on Thursday.
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AI-Backed Translation Co. DeepL Raises $300M
DeepL, a writing and translation service that leverages a proprietary large language model, announced on Wednesday the closing of a $300 million investment round that values the company at $2 billion.
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How Different Legal Professionals Are Approaching Gen AI
More senior lawyers ask different and deeper questions about artificial intelligence technology — particularly around security and data protection — not only for their need to stay relevant and gain additional skills, but also because of their breadth of experience and years of being risk-averse, according to a legal industry panelist who spoke during a webinar Tuesday.
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Small Law Firms Plan To Adopt AI Faster Than Larger Firms
Solo and small law firms plan to adopt uses of artificial intelligence technology more quickly than larger firms in the next six months, and prospective clients are even more eager for AI, according to a new report by law practice management software company Clio.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q1
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the fourth quarter of last year.
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AI Contract Tool Superlegal Gets $5M To Serve Smaller Cos.
Superlegal, an artificial intelligence platform to help small and medium-sized businesses review contracts, closed a $5 million seed funding round on Wednesday.
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Travers Smith Carves Out AI Biz From Legal Tech Arm
Travers Smith LLP said on Wednesday that it has spun out a new artificial intelligence business from its legal technology arm that it expects will form one single system for lawyers to access and create a variety of AI tools.
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AI Assistant Developer Legal OS Rebrands To Flank AI
Legal OS, which offers a legal assistant that automatically addresses requests from business users, announced Tuesday its rebranding to Flank AI and the broadening of its commercial application.
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Attys With AI Skills Command Pay Bumps In The US, UK
Lawyer job listings that require artificial intelligence skills carry a wage premium of up to 49% higher in some markets, according to a report released Tuesday.
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Data Breach Co. CyEx Acquires Legal Administrator Simpluris
CyEx, a supplier of data breach solutions, announced Monday the acquisition of class action settlement administrator Simpluris Inc.
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Strategic Hiring Was The New Normal For BigLaw In 2023
The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.
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The Law360 400: Tracking The Largest US Law Firms
The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the near future.
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ABA's Education Section Endorses Alternative Atty Licensing
The American Bar Association's national accrediting arm for law degree programs announced during a council meeting Friday the adoption of a report that effectively recognizes alternative methods of attorney licensing outside the bar exam.
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Legal Tech Owners Struggle To Obtain Women-Owned Biz Cert
Some legal tech founders value getting their company certified as a women-owned business, but they have found it challenging to obtain certification while trying to run successful enterprises, juggle other responsibilities and navigate investor opportunities.
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Courts' 'Wait And See' On Deepfake Rule Gets Mixed Reviews
A new evidentiary rule for dealing with artificial intelligence-generated deepfakes is unnecessary right now, according to a federal judiciary committee, but the courts' "wait and see" approach may be too cautious, some experts told Law360 Monday.
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New Alvarez & Marsal Service Offers Back Office Outsourcing
Professional services firm Alvarez & Marsal announced Monday the launch of a new outsourcing service, offering law firms management and consulting services to address "back-office functions."
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NJ Lawmakers Advance Measures Tackling Deepfakes
The New Jersey Assembly Judiciary Committee approved measures Monday to head off the rise of "deepfakes," including the establishment of a $2 million unit under the Office of the Attorney General to help law enforcement and the state judiciary verify evidence.
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Calif.'s Top Judge Launches Task Force To Probe AI Uses
California Supreme Court Chief Justice Patricia Guerrero has created a new task force to look into how generative artificial intelligence could benefit the court system and its users, while also evaluating its potential risks, the court announced Friday.
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Microsoft Outlines AI Global Governance Goals
As Microsoft homes in on policies around artificial intelligence, the company published a report Friday featuring external perspectives and its own views on goals and frameworks for global AI governance.
Expert Analysis
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Strategies To Improve Reporting In The Legal Industry
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The growing demand for analytical data within law firms and corporate law departments — from live case status updates to diversity reports — highlights the need for improvements in legal profession reporting, with increasingly granular industry-standard codes to describe legal tasks being key, says Kenneth Jones at Xerdict.
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Accessible Legal Tech Begins With Empathy In Design
Legal technology has the potential to eliminate barriers for disabled attorneys navigating their careers and for disabled clients seeking access to justice, but to truly level the playing field, accessible technology must be designed with input from and empathy for the often-underrepresented communities it serves, say Lisa Mueller at Casimir Jones and attorney Haley Moss.
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6 Tips For Document Review Projects Using Alt Legal Services
Despite strides made in the e-discovery industry, document reviews continue to be one of the most expensive line items for litigation, so law firms working with alternative legal service providers should consider key best practices, including providing clear protocol, having transparent deadlines, and more, says Phoebe Gebre at Integreon.
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ChatGPT Is A Cool Trick, But AI Won't Replace Lawyers
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
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Pro Bono Work Is Valuable In IP And Continued Learning
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
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10 Principles For Effective Partner Reward Systems
Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.
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How Law Firm Leaders Can Optimize Their Tech Investments
As law firms turn to legal technology to help expedite case processing and other workflows, leaders must focus on creating a lean set of business tools and keep one eye on the future to plan their technology road map, says Simon Whitburn at Exterro.
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Law Firm Threat Awareness Is Key To Cyberattack Prevention
Taking the time to learn which cybersecurity attacks could pose the most likely threat to your law firm is the first step to keeping sensitive data safe, protecting valuable client relationships and potentially saving millions of dollars in losses, says Daniel Klein at Cynet.
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What Web3 Means For Lawyers' Ethical Duties
As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.
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NY's Cybersecurity CLE Rule Is A Sign Of Changing Times
New York's recently announced requirement that lawyers complete cybersecurity training as part of their continuing legal education is a reminder that securing client information is more complicated in an increasingly digital world, and that expectations around attorneys' technology competence are changing, says Jason Schwent at Clark Hill.
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4 Steps For Integrating AI Into Contract Management
Companies must focus on several preliminary tasks when integrating artificial intelligence into their contract life cycle management systems to reap the benefits of data-driven insights and seamless processes, says Charmel Rhyne at Onit.
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A Law Student's Guide To Thriving As A Summer Associate
Summer associates are expected to establish a favorable reputation and develop genuine relationships in a few short weeks, but several time management, attitude and communication principles can help them make the most of their time and secure an offer for a full-time position, says Joseph Marciano, who was a 2022 summer associate at Reed Smith.
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How I Owned My Power As An Asian American Woman In Law
Gibson Dunn's Debra Yang shares the bumps in her journey to becoming the first female Asian American U.S. attorney, a state judge and a senior partner in BigLaw, and how other women can face their self-doubts and blaze their own trails to success amid systemic obstacles.
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Successful In-House Alt Legal Services Start With 4 Questions
Law firms that are considering creating an in-house alternative legal service provider should focus not on recapturing revenue otherwise lost to outside vendors, but instead consider how a captive ALSP will better fulfill the needs of their clients and partners, say Beatrice Seravello and Brad Blickstein at Baretz & Brunelle.
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How Firms Can Prepare For AI-Based Knowledge Management
Law firms implementing artificial intelligence tools to help lawyers find answers to administrative questions should remember that poor data integration practices can be costly and time-consuming, and must consider four steps to lay the groundwork, says Bim Dave at Helm360.