AIFC Lawtech advisory council
FORTNIGHTLY LEGALTECH DIGEST
ISSUE No.9
ISSUE No.9
Stay updated, stay informed about legal technology news and events with AIFC LawTech Advisory Council's Fortnightly LegalTech Digest
LEGALTECH NEWS & ARTICLES
Legal capacity of companies can now be checked with artificial intelligence
Sberbank has created and patented Russia’s first artificial intelligence (AI) system allowing stakeholders to check a company’s legal capacity.
The robot lawyer designed by Sberbank’s Legal Department has issued over 2.5 mln legal opinions in eight months. The robot speeds up business processes dramatically, avoiding mistakes that would have been made when processing large amounts of data and verifying contractors. It takes the robot an average of seven minutes to analyze one entity.
Source: Sberbank.ru
The robot lawyer designed by Sberbank’s Legal Department has issued over 2.5 mln legal opinions in eight months. The robot speeds up business processes dramatically, avoiding mistakes that would have been made when processing large amounts of data and verifying contractors. It takes the robot an average of seven minutes to analyze one entity.
Source: Sberbank.ru
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Baker McKenzie Launches Unprecedented AI Collaboration with SparkBeyond to Reimagine Legal Industry
The collaboration will initially see Baker McKenzie - through its new global innovation arm Reinvent - apply SparkBeyond's artificial intelligence-powered problem-solving technology over the coming months to predict what kind of services clients will require from law firms, the unseen drivers of client demand and how Baker McKenzie might evolve its business to meet those needs.
Source: Baker McKenzie
Source: Baker McKenzie
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Digital-first court service to recharge London
Digital legal services will play a key role in the 'recharging' of the City of London following the devastation caused by lockdown, the City's governing body proposed on 20 October 2020. This will include updating existing court systems to make them 'user centric, tech agnostic and digital-first'. In a 'call to action' published today, the corporation says that, although Covid-19 has 'hit London hard'' the pandemic creates an opportunity to create a more inclusive, innovative and sustainable future. The legal sector is proposed as a case study. The report notes that 'legal and judicial services in London have gone through a radical process of accelerated technological adoption this year'. This 'great success story' opens up opportunities for London as a legal centre.
Source: The Law Society Gazette
Source: The Law Society Gazette
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Report: Private Equity Is Driving a Legal Tech M&A Boom
A new report on investments and M&A in the legal tech sector by advisory business Raymond James has shown there is a significant boom in acquisition activity, largely driven by private equity (PE) funds. In Q3 2020 there were 32 M&A deals involving legal tech companies – compared to an historic average of around 15 per quarter.
Source: Artificial Lawyer
Source: Artificial Lawyer
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BlackBoiler Raises $3.2M To Further Develop Its Automated Contract Review Technology
Daniel Broderick, cofounder and CEO of the Arlington, Va., company, said the company will use the funds to further develop the capabilities of its patented software and to accelerate the growth of its team. A portion of the funds will be used to convert prior debt financing to equity. BlackBoiler says its technology results in up to 70% reduction in review time compared to in-person review.
Source: LawSites
Source: LawSites
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KPMG launches Global Legal Ops Transformation Service
Global Legal Operations Transformation Services supports GCs to adapt to a new reality. As General Counsel and in-house legal teams contend with the increasing pressures facing their organizations in the wake of COVID-19, there is an urgent need to rethink delivery models and transform legal function operations. While the move to digitize and automate the legal function was already underway before COVID-19, it is now a commercial imperative, and the scope and remit is wider than before as the pandemic situation has intensified the need for organizations to transform.
Source: Legal IT Insider
Source: Legal IT Insider
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New Kim AddIn Accelerator makes self-serve forms easily available within MS Teams
No-code document automation-as-a-service platform Kim has formally unveiled the Kim Addin Accelerator, which makes self-serve forms available in Microsoft Teams, Word, Outlook and other enterprise tools “in minutes.”
The latest in a series of product releases from Kim’s strategic R&D programme (Project InsideOut), documents that you can self-serve in Teams include everything from a NDA to an expense form to a travel form.
Source: Legal IT Insider
The latest in a series of product releases from Kim’s strategic R&D programme (Project InsideOut), documents that you can self-serve in Teams include everything from a NDA to an expense form to a travel form.
Source: Legal IT Insider
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CCJ and COSCA Release Guiding Principles for Post-Pandemic Court Technology
Courts across the country, from small municipal courts to the Supreme Court, have made giant strides in the use of technology in the wake of COVID-19. Historically slow to embrace technology, courts have shown unprecedented flexibility in the past six months; video- and teleconference hearings, text notifications, virtual juries, chatbots, and other technologies have become staples in some courts rather than exceptions. Yet once the pandemic is over, will it stay that way?
Source: IAALS
Source: IAALS
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Sending Letters to Incarcerated People Is Too Hard. DoNotPay Makes It Easy
The latest addition to robo-lawyer app DoNotPay is a service for sending physical mail to people in prisons. For five years, law student-turned tech entrepreneur Joshua Browder has been creating robo-lawyers and chatbots that help with some of life's most annoying little problems: canceling free trials, cancelling and suing robocallers, fighting parking tickets. Now, he's turned the DoNotPay platform—an app launched in 2016 that encompasses all of the above AI-powered services—on the prison mail-sending complex. The new prison mailing product, which goes live today, aims to solve the problem of complicated and expensive mail systems for incarcerated people and their families.
Source: VICE
Source: VICE
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Covid shock closing tech generation gap
Belief that artificial intelligence will play a crucial role in future legal services is now overwhelming – even among lawyers in the 55-64 age bracket.
The study of the impact of technology and Covid-19 on the UK legal sector, based on research at top-30 firms, confirms anecdotal reports that the profession has made a step-change in attitudes to information technology. Some 40% of respondents reported that they had implemented a new advanced technology in the past six months alone.
Source: The Law Society Gazette
The study of the impact of technology and Covid-19 on the UK legal sector, based on research at top-30 firms, confirms anecdotal reports that the profession has made a step-change in attitudes to information technology. Some 40% of respondents reported that they had implemented a new advanced technology in the past six months alone.
Source: The Law Society Gazette
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How Lawyers Can Improve Their Practices and Access to Justice With Open Source Software (OSS)
As lawyers are integrating new technologies into their practices to better provide remote legal services to their clients, they should also look at introducing another type of technology that has been widely used across other industries for decades: open source software (OSS). In this article, we will explore what OSS is, how it’s been used in other industries, how it can improve lawyers’ daily practices and improve access to justice, and what efforts are already underway to introduce OSS more broadly into the legal profession.
Source: Law Technology Today
Source: Law Technology Today
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Law firms still aren’t budgeting for technology
Ten years ago, law firms were just starting to use tools such as e-discovery, management software, and document automation. Today, most lawyers couldn’t imagine running their practice without these tools. And in ten years’ time, the same will be true of analytics, artificial intelligence, and other burgeoning legal technologies. Across industries, rapid technological change is opening a so-called “innovation gap” between early and late adopters. The legal field is no exception. We’re already seeing sophisticated law firms separating from the pack by leveraging technology to solve business and legal challenges.
Source: Law Technology Today
Source: Law Technology Today
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UPCOMING LEGALTECH EVENTS
Law Apps Presentations hosted by Melbourne Law School
28 October 2020 | 09:00 (GMT+11) | Online
Gary Cazalet taught the eighth Law Apps class at Melbourne Law School. Over the semester the class learnt about legal technology, disruption in the legal profession, innovation, creativity and human centred design. Groups of students identified legal needs that are not served adequately by existing legal processes. Using Josef and Neota Logic software, the teams built web based applications and chat bots to empower their users. Applications and chat bots were built from the ground up using human centred design.
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LegalTech Talks – Recalibration of Legal Services
4 November 2020 | 10:30 GMT | Online
Discussion points:
Discussion points:
- Reflection on current shifting landscape;
- How has it affected you? Hindsight – what would you have done differently
- Encouraging forward-thinking and change-oriented action- what will/ do we need to change?;
- What are the smart moves for success?
- Why and how the legal sector should embrace the benefits?
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HACK HOMELESSNESS
8-13 November 2020 | Online
The LexLab at UC Hastings Law is producing a week-long virtual design challenge and legal tech hackathon that's devoted to combatting homelessness. At Hack Homelessness, we bring together lawyers, developers, designers, builders, and thinkers every year to find #technology solutions to pressing legal issues that keep the homeless population of San Francisco on the streets.
Source: HACK HOMELESSNESS
The LexLab at UC Hastings Law is producing a week-long virtual design challenge and legal tech hackathon that's devoted to combatting homelessness. At Hack Homelessness, we bring together lawyers, developers, designers, builders, and thinkers every year to find #technology solutions to pressing legal issues that keep the homeless population of San Francisco on the streets.
Source: HACK HOMELESSNESS
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The 2020 CLOC Global Institute
10 November 2020 | Online
CLOC will be going virtual on November 10th to bring legal professionals, from around the World, together to learn, share, and network with others in industry. The Global Institute will bring interactive roundtables, educational breakout sessions, insights from industry change-makers, and leading technology vendors and legal service providers to your computer.
Source: CLOC
CLOC will be going virtual on November 10th to bring legal professionals, from around the World, together to learn, share, and network with others in industry. The Global Institute will bring interactive roundtables, educational breakout sessions, insights from industry change-makers, and leading technology vendors and legal service providers to your computer.
Source: CLOC
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LegalTech Talks – Masterclasses
Commence from 11th November 2020 | Online & in person
As part of the ‘LegalTech Talks’ portfolio, Netlaw is delighted to announce the ‘Executive Masterclass Series – Restructure, Survive, Succeed’. A virtual and in person series of masterclasses, which will look at strategies, advice and demonstrations which are designed to overcome a wide range of issues facing law firms, of all sizes in the current climate. The Masterclasses series will continue to deliver access to educational, actionable and intelligent insights, as well as real-world expertise. The primary focus being an emphasis on the restructure, survival and success of legal services.
Source: NetLawMedia
As part of the ‘LegalTech Talks’ portfolio, Netlaw is delighted to announce the ‘Executive Masterclass Series – Restructure, Survive, Succeed’. A virtual and in person series of masterclasses, which will look at strategies, advice and demonstrations which are designed to overcome a wide range of issues facing law firms, of all sizes in the current climate. The Masterclasses series will continue to deliver access to educational, actionable and intelligent insights, as well as real-world expertise. The primary focus being an emphasis on the restructure, survival and success of legal services.
Source: NetLawMedia
| MORE DETAILS |
Technology Law as a Vehicle for Anti-Racism
12-13 November 2020 | Online
As future lawyers, the student leaders of the Berkeley Technology Law Journal (BTLJ) are eager to dissect the roles of technology law and policy and investigate how they can be channeled to serve the interests of racial justice. Therefore, we are convening this special symposium with the Berkeley Center for Law and Technology (BCLT). We have invited leading and rising legal academics to share their research and perspectives on the intersection of technology, law, and race. In conversation with one another, they will help us explore and propose options for anti-racist paths forward for the field of technology law.
Source: Berkeley Technology Law Journal
As future lawyers, the student leaders of the Berkeley Technology Law Journal (BTLJ) are eager to dissect the roles of technology law and policy and investigate how they can be channeled to serve the interests of racial justice. Therefore, we are convening this special symposium with the Berkeley Center for Law and Technology (BCLT). We have invited leading and rising legal academics to share their research and perspectives on the intersection of technology, law, and race. In conversation with one another, they will help us explore and propose options for anti-racist paths forward for the field of technology law.
Source: Berkeley Technology Law Journal
| MORE DETAILS |
Evolving ADR Practice with ODR
13 November 2020 | Online
The Covid-19 Pandemic has accelerated the use of technology by forcing many private and public businesses and institutions to move online. The world’s legal and business leaders are now looking more than ever to the field of Online Dispute Resolution (ODR) for alternative and efficient dispute resolution procedures.
ODR is considered a form of Alternative Dispute Resolution (ADR) that uses technology in an attempt to resolve disputes in a faster and more efficient way. This seminar will look at how technology has been used to improve the delivery of ADR services. It will also introduce the participants to a variety of Online Dispute Resolution tools and show them in action through hands-on examples.
Source: UC San Diego Extension
The Covid-19 Pandemic has accelerated the use of technology by forcing many private and public businesses and institutions to move online. The world’s legal and business leaders are now looking more than ever to the field of Online Dispute Resolution (ODR) for alternative and efficient dispute resolution procedures.
ODR is considered a form of Alternative Dispute Resolution (ADR) that uses technology in an attempt to resolve disputes in a faster and more efficient way. This seminar will look at how technology has been used to improve the delivery of ADR services. It will also introduce the participants to a variety of Online Dispute Resolution tools and show them in action through hands-on examples.
Source: UC San Diego Extension
| MORE DETAILS |
BOSTON LEGAL DESIGN CHALLENGE
13 November 2020 | Online
Suffolk Law's fourth annual Legal Design Challenge, presented by Liberty Mutual Insurance, brings law and business students together to prototype products that solve legal and, often, societal problems.
The winning entries, using the tenets of design thinking, put an emphasis on simplicity, usefulness, and the needs of the end user. The teams have only one day to generate their ideas; that time pressure tends to spur creative solutions to legal service delivery challenges.
Source: Suffolk University
Suffolk Law's fourth annual Legal Design Challenge, presented by Liberty Mutual Insurance, brings law and business students together to prototype products that solve legal and, often, societal problems.
The winning entries, using the tenets of design thinking, put an emphasis on simplicity, usefulness, and the needs of the end user. The teams have only one day to generate their ideas; that time pressure tends to spur creative solutions to legal service delivery challenges.
Source: Suffolk University
| READ MORE |
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