AIFC Lawtech advisory council
FORTNIGHTLY LEGALTECH DIGEST
ISSUE No.8
ISSUE No.8
Stay updated, stay informed about legal technology news and events with AIFC LawTech Advisory Council's Fortnightly LegalTech Digest
LEGALTECH NEWS & ARTICLES
4th episode of the AIFC LegalTech Podcast is out!
AIFC LawTech Advisory Council is glad to release the fourth episode of 'AIFC LegalTech Podcast' – your easy to learn podcast about the legal technology and innovation in the legal industry.
In this episode, Mark Beer OBE interviews Dr Mimi Zou, Co-founder of Oxford University's Deep Tech Dispute Resolution Lab about the legal innovation, the future of law, and the role of Artificial Intelligence in the legal industry.
In this episode, Mark Beer OBE interviews Dr Mimi Zou, Co-founder of Oxford University's Deep Tech Dispute Resolution Lab about the legal innovation, the future of law, and the role of Artificial Intelligence in the legal industry.
| TUNE IN & LISTEN |
MDR LAB Is Back! Now With Three Programmes
After a pandemic-driven pause earlier this year, Mishcon de Reya’s MDR LAB is back with three programmes rather than just one. They will also work in collaboration with accelerator group Founders Factory. The multiple streams of activity will allow the firm to invest more in startups, work more with founders who are still at the ideation phase, and be much more flexible around bringing legal tech companies into the firm, rather than just once a year.
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In-house teams invited to help build dispute-avoidance robot
Academics building an artificial intelligence-based system that would spot legal disputes before they surface have appealed to in-house lawyers to help them with the project. The idea of the AI-enabled dispute avoidance tool is to sift through business data to identify early signs of disputes - for example changes in the tone of email correspondence or non-identical versions of a supplier’s contract being sent to different individuals in a company.
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DocuSign On Path to Consumer Grade AI Doc Review With Analyzer
As anticipated, DocuSign has today launched DocuSign Analyzer, its NLP-powered contract review solution designed for incoming agreements, and based on Seal Software which it bought earlier this year. But, the bigger story is that the e-signature company is on the long-term path to producing what you could call ‘consumer grade’ doc review that anyone with a contract could use.
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THE JUSTICE SYSTEM AS A DIGITAL PLATFORM
The COVID era has brought physical shutdowns to American courts and an unprecedented backlog of cases. In Connecticut, pending civil and criminal cases have jumped 200 percent during the pandemic, and trials aren’t scheduled to start until at least November. As of late June, New York City had 39,200 criminal cases waiting to be heard. Meanwhile, San Diego, California has a backlog of 20,000 criminal cases. The list goes on and on.
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New 10-year road map to promote technology adoption in Singapore's legal industry
The legal industry is getting a leg-up in harnessing technology under a new 10-year plan that will see greater support for law firms adopting it and more opportunities for law students to learn digital skills. The Legal Industry Technology and Innovation Roadmap (TIR) was launched by Second Minister for Law Edwin Tong at TechLaw.Fest, an annual conference on law and technology, on Friday (Oct 2). It sets out plans by the Ministry of Law (MinLaw) to promote innovation, technology adoption and development in Singapore's legal industry for the next decade.
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Investors See Promise in Contract Management Legal Technology
Venture capital investors are infusing cash into a wide range of contract management tools, increasing the competition among startups and larger service providers that help companies get a handle on all of their legal agreements.
Four contract drafting, management, and review platforms secured $70 million in investments in the second quarter of 2020, making contract tools the most popular among the top 10 legal tech investments. Since then, two Big Four accountancies have said contract lifecycle management tools will be a significant part of their push to expand their share of the legal services market.
Four contract drafting, management, and review platforms secured $70 million in investments in the second quarter of 2020, making contract tools the most popular among the top 10 legal tech investments. Since then, two Big Four accountancies have said contract lifecycle management tools will be a significant part of their push to expand their share of the legal services market.
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Call for applications for Kyiv Legal Empowerment Practical Program is now open
Bring your ideas to Kyiv Legal Empowerment Practical Program to solve the problem in the field of access to justice.
KYIV LEPP is 5 intensive days of exchanging experience with teams from different countries. It is a search and pilot of viable and human-oriented solutions in the field of access to justice in accordance with national contexts. It is orientation to your inquiry and system problem solving.
KYIV LEPP is 5 intensive days of exchanging experience with teams from different countries. It is a search and pilot of viable and human-oriented solutions in the field of access to justice in accordance with national contexts. It is orientation to your inquiry and system problem solving.
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I, Lawyer and the Ethics of Artificial Intelligence
This article examines salient aspects of a recent UK decision on the use of a novel automated facial recognition technology by the police and considers how they may shape or reshape discussions on the ethics of artificial intelligence.
A recent UK decision on the use of a novel automated facial recognition technology (AFR) by the South Wales Police Force offers an interesting case study on how issues of AI ethics may need to be considered. Whilst AFR did not appear to be cutting-edge AI technology, its use of machine learning (an integral component of AI) raises similar issues.
A recent UK decision on the use of a novel automated facial recognition technology (AFR) by the South Wales Police Force offers an interesting case study on how issues of AI ethics may need to be considered. Whilst AFR did not appear to be cutting-edge AI technology, its use of machine learning (an integral component of AI) raises similar issues.
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Leveraging technology to attract, delight, and retain clients
For years there has been a crisis of customer service within the legal industry.
Even before the pandemic created a physical disconnect between your attorneys and your clients, many firms have allowed a figurative disconnect to grow between what clients want and what the firm delivers.
Over the past few decades, increasingly rapid advancements in technology have reshaped all of our expectations as consumers. We each have nearly perfect information within arm’s reach at all times, and our tolerance for anything other than instant gratification is next to nil.
Even before the pandemic created a physical disconnect between your attorneys and your clients, many firms have allowed a figurative disconnect to grow between what clients want and what the firm delivers.
Over the past few decades, increasingly rapid advancements in technology have reshaped all of our expectations as consumers. We each have nearly perfect information within arm’s reach at all times, and our tolerance for anything other than instant gratification is next to nil.
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UPCOMING LEGALTECH EVENTS
LegalTech Talks – Secure Innovation; Protecting the Digital Shift
15 October 2020 | 15:00 BST | Online
October marks National Cyber Security Awareness Month, a time that acts as a valuable reminder for the legal sector to evaluate their cyber security. As a subscriber of the “LegalTech Talks” series we are delighted to offer you a selection of sessions focused entirely on critical conversations impacting all businesses.
October marks National Cyber Security Awareness Month, a time that acts as a valuable reminder for the legal sector to evaluate their cyber security. As a subscriber of the “LegalTech Talks” series we are delighted to offer you a selection of sessions focused entirely on critical conversations impacting all businesses.
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Neota Network Three-Day Global No-Code Event
20-22 October 2020 | Online
Learn how to transform your legal services into digital applications.
Adaptation in 2020 is synonymous with two things: innovation and business efficiency. It is for this reason that businesses are increasingly looking to the automation and digitisation of their services, such as the automation of expertise, business processes, and documentation, in order to streamline lengthy and cost-intensive operations. Reduced human interaction has also made the adoption of technology more important than ever before.
Learn how to transform your legal services into digital applications.
Adaptation in 2020 is synonymous with two things: innovation and business efficiency. It is for this reason that businesses are increasingly looking to the automation and digitisation of their services, such as the automation of expertise, business processes, and documentation, in order to streamline lengthy and cost-intensive operations. Reduced human interaction has also made the adoption of technology more important than ever before.
| MORE DETAILS |
Africa Tech Summit Connects – 2020 Virtual Summit
20-22 October 2020 | Online
Africa Tech Summit celebrates its 10th edition and is going virtual with Africa Tech Summit Connects - continuing to connect you across the continent with tech leaders, corporates, investors, start-ups and 500+ decision makers online, on October 20-22nd.
3 days of online keynotes, breakouts, workshops and business opportunities from across the African tech ecosystem on your desktop and mobile app.
Africa Tech Summit celebrates its 10th edition and is going virtual with Africa Tech Summit Connects - continuing to connect you across the continent with tech leaders, corporates, investors, start-ups and 500+ decision makers online, on October 20-22nd.
3 days of online keynotes, breakouts, workshops and business opportunities from across the African tech ecosystem on your desktop and mobile app.
| MORE DETAILS |
The State of Technology & Innovation in Legal: A Discussion With Experts From Around the World
22 October 2020 | 16:00 (BST) | Online
With the world becoming increasingly interconnected (and remote), firms are finding themselves more reliant than ever on automating legal processes and new technology tools. Clients are placing increasing pressure on firms to meet rising expectations and a new generation of legal professionals are willing to rethink the conventional way of doing business. Our panel of experts, from the US, UK and Canada, will discuss how their firms are changing to meet this challenge and what we can perhaps learn from our colleagues around the world.
With the world becoming increasingly interconnected (and remote), firms are finding themselves more reliant than ever on automating legal processes and new technology tools. Clients are placing increasing pressure on firms to meet rising expectations and a new generation of legal professionals are willing to rethink the conventional way of doing business. Our panel of experts, from the US, UK and Canada, will discuss how their firms are changing to meet this challenge and what we can perhaps learn from our colleagues around the world.
| MORE DETAILS |
Engine B Ignites Webinar
22 October 2020 | 11:00 | Online
Our inaugural session will dive into Legal technology, focusing on LegalTech’s future trajectory and how - in very practical terms - Legal firms and services can benefit from embracing innovation.
We’ll reflect on the implications of providing intelligent access to client data, from the change to business models and client relationships to the positive impacts on productivity and skills.
Our inaugural session will dive into Legal technology, focusing on LegalTech’s future trajectory and how - in very practical terms - Legal firms and services can benefit from embracing innovation.
We’ll reflect on the implications of providing intelligent access to client data, from the change to business models and client relationships to the positive impacts on productivity and skills.
| MORE DETAILS |
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