Tag Results
Law Society unveils tech crowdfunding deal as Legal Geek hears about conservative clients
Wednesday, 18 October 2017The Law Society has agreed a deal with a crowdfunding platform to connect solicitors with lawtech start-ups looking for investment. Meanwhile, a lawyer at a magic circle law firm told yesterday’s Legal Geek conference that while clients welcomed the idea of innovation, when it comes to the crunch they often chose old-style methods.
Tags: artificial intelligence, Lawtech, Legal Geek
Posted in Latest news, Technology
Law firm-incubated business launches AI contract review tech “60 times faster than paralegals”
Monday, 18 September 2017A contract review technology company incubated by Cambridge-based law firm Taylor Vinters today launched an artificial intelligent product that it claims is on average 60 times faster and 30% cheaper than traditional paralegals.
Tags: artificial intelligence, contract review
Posted in Latest news, Technology
AI-backed start-up “will make communication between clients and lawyers easier”
Monday, 4 September 2017A law student has become the latest entrepreneur to try and crack the problem of how to use online technology to improve the experience of consumers wanting to contact lawyers to solve their legal problems at a reasonable cost. Legista is a platform that will use artificially intelligent software to understand their matter and locate the right lawyer to deal with it.
Tags: artificial intelligence
Posted in Latest news, Technology
Innovation index suggests “more top UK law firms than US firms embracing AI”
Friday, 1 September 2017Top UK law firms are ahead of their US counterparts in the use of artificial intelligence, an index of legal service delivery innovation has suggested. However, the creator of the Legal Services Innovation Index said it might just be that UK firms are “savvier about marketing this stuff to their clients”.
Tags: artificial intelligence, blockchain, innovation
Posted in Latest news, Technology
“Quick and dirty” online justice better than no justice, says Neuberger as he laments legal aid policy failure
Wednesday, 5 July 2017“Quick and dirty” online dispute resolution (ODR) is better than “no justice or absurdly over-priced justice”, the president of the Supreme Court has said in a wide-ranging speech that included a devastating critique of legal aid policy over the past two decades.
Tags: artificial intelligence
Posted in Latest news, Technology
AI technology “transformative but carries risks”, says Slaughters report
Friday, 23 June 2017Company directors should consider the risks of using artificial intelligence technology so as to understand and manage their liability, according to a report by magic circle law firm Slaughter & May. AI was “the most transformative technology” of this century, it said. However, risks included AI being maliciously ‘re-purposed’.
Tags: artificial intelligence
Posted in Latest news, Technology
Let lawyers control supply of electronic legal documents, report says
Tuesday, 11 April 2017Lawyers should control the supply of “so-called standard electronic documents”, such as confidentiality deeds or contracts, a report has suggested. The report also highlighted the ethical and regulatory issues raised by artificial intelligence.
Tags: artificial intelligence, online documents, unregulated providers
Posted in Latest news, Practice Management, Regulation, Technology
Magic circle firm adopts AI to simplify complex compliance issue
Monday, 27 February 2017Magic circle law firm Clifford Chance has for the second time in four months deployed artificial intelligence in a standalone product aimed at assisting clients to comply with complex regulatory changes. It has devised an online tool to enable financial institutions to make sense of MiFID2.
Tags: artificial intelligence, regulatory compliance
Posted in Latest news, Technology
AI-based start-up aims to give law firm and their clients glimpse of the future
Monday, 6 February 2017A start-up using artificial intelligence (AI) to filter news and information, offering services that include being able to track how firms are perceived in the media and also give them intelligence tailored to their clients’ businesses, has acquired several major practices as clients.
Tags: artificial intelligence, machine learning
Posted in Latest news, Technology
Exclusive: AI tax law forecasting app sets sights on UK market
Monday, 23 January 2017An artificial intelligence (AI) lawtech start-up which claims its product can predict how courts will rule in tax cases with 90% accuracy, in on course to expand into this country. The Canadian company hopes to exploit the similarity of the tax systems in Canada and England and Wales.
Tags: artificial intelligence, lawtech start-up
Posted in Latest news, Technology