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Executors Can Count On Long, Arduous Estate Settlements
July 16, 2018
The typical size of an estate at time of settlement is between $50,000 and $250,000, with about 11% falling below $10,000...
July 16, 2018
The typical size of an estate at time of settlement is between $50,000 and $250,000, with about 11% falling below $10,000...
Billionaire Backs Personal Injury Lawsuit Funding Firm
July 15, 2018
The billionaire George Soros has found a new way to make money from personal injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company that’s creating investment portfolios out of lawsuits, according to a May regulatory filing. The development is the latest twist on the litigation funding market, which has drawn criticism for monetizing and encouraging the lawsuit culture...
July 15, 2018
The billionaire George Soros has found a new way to make money from personal injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company that’s creating investment portfolios out of lawsuits, according to a May regulatory filing. The development is the latest twist on the litigation funding market, which has drawn criticism for monetizing and encouraging the lawsuit culture...
Avvo Legal Services To Be Shut Down
July 14, 2018
Legal directory Avvo is shutting down its controversial Avvo Legal Services, a service that provides fixed-fee, limited-scope legal services through a network of attorneys. Internet Brands, the company that acquired Avvo last January, has decided that the service does not align with its business and focus, according to a letter sent by B. Lynn Walsh, Internet Brands’ executive vice president and general counsel, to the North Carolina State Bar last month. At Internet Brands, we are focused...
July 14, 2018
Legal directory Avvo is shutting down its controversial Avvo Legal Services, a service that provides fixed-fee, limited-scope legal services through a network of attorneys. Internet Brands, the company that acquired Avvo last January, has decided that the service does not align with its business and focus, according to a letter sent by B. Lynn Walsh, Internet Brands’ executive vice president and general counsel, to the North Carolina State Bar last month. At Internet Brands, we are focused...
Do Judges Need to Be Human? The Implications of Technology for Responsive Judging
July 13, 2018
Judicial responsiveness requires judges to act from the perspective of conscious legal rationality and also with intuition, empathy and compassion. To what extent will the judicial role change in terms of responsiveness as many aspects of human activity, including aspects of the work of lawyers and judges, are not only augmented, but even taken over entirely by replacement technologies? Such technologies are already reshaping the way the legal profession operates, with implications for judges by virtue...
July 13, 2018
Judicial responsiveness requires judges to act from the perspective of conscious legal rationality and also with intuition, empathy and compassion. To what extent will the judicial role change in terms of responsiveness as many aspects of human activity, including aspects of the work of lawyers and judges, are not only augmented, but even taken over entirely by replacement technologies? Such technologies are already reshaping the way the legal profession operates, with implications for judges by virtue...
New Technology in Law Firms
July 12, 2018
Thank you for participating in this technology survey, conducted by The American Lawyer, The National Law Journal and Legaltech News on behalf of HSBC. The survey contains questions about law firms investing in and adopting new technology. It's designed to be fast and easy to complete, taking approximately 6 minutes of your time. Please rest assured, your answers will be held in strict confidence and will be used only to help us assess the current state of the industry,...
July 12, 2018
Thank you for participating in this technology survey, conducted by The American Lawyer, The National Law Journal and Legaltech News on behalf of HSBC. The survey contains questions about law firms investing in and adopting new technology. It's designed to be fast and easy to complete, taking approximately 6 minutes of your time. Please rest assured, your answers will be held in strict confidence and will be used only to help us assess the current state of the industry,...
The Bleeding Edge Of Law
July 9, 2018
In the summer of 2015, David Lat invited David Perla to become an Above the Law columnist. The column, “What’s Possible”, launched in September of that year. In that column, David noted that his role at the time afforded him the opportunity think about various issues relating to the future of law, including: How can lawyers make use of data to perform their jobs? How will the development of artificial intelligence affect the practice of law? What’s possible for law students,...
July 9, 2018
In the summer of 2015, David Lat invited David Perla to become an Above the Law columnist. The column, “What’s Possible”, launched in September of that year. In that column, David noted that his role at the time afforded him the opportunity think about various issues relating to the future of law, including: How can lawyers make use of data to perform their jobs? How will the development of artificial intelligence affect the practice of law? What’s possible for law students,...
How Sound Can Hack Your Memory While You Sleep
July 8, 2018
Can you cram for a test while you sleep? Our intrepid neuroscientists attempt to enhance memory by running experiments on subjects while they sleep. You'll be surprised by the results.
July 8, 2018
Can you cram for a test while you sleep? Our intrepid neuroscientists attempt to enhance memory by running experiments on subjects while they sleep. You'll be surprised by the results.
Making a Case for Artificial Intelligence in the Legal Profession
July 6, 2018
“In the past year or so we’ve seen the legal market’s understanding of the strengths as well as limitations of AI mature in a very constructive way. What this means is that the dialogue has moved away from alarmist conversations about ‘robot lawyers’, and into the realm of how lawyers can leverage this new wave of software in their day to day workflows.” Even so, times will change: “We are currently still in the adoption phase of narrow applications of artificial intelligence in the legal...
July 6, 2018
“In the past year or so we’ve seen the legal market’s understanding of the strengths as well as limitations of AI mature in a very constructive way. What this means is that the dialogue has moved away from alarmist conversations about ‘robot lawyers’, and into the realm of how lawyers can leverage this new wave of software in their day to day workflows.” Even so, times will change: “We are currently still in the adoption phase of narrow applications of artificial intelligence in the legal...
Data-Driven Decision-Making: From Fine Wine to Fine Arbitrators
July 2, 2018
Arbitrator Intelligence Reports AI Reports are still in the development phase, and the nature and scope of AI Reports will inevitably evolve over time, particularly as AI’s base of data expands. Nevertheless, it is already easy to see from some preliminary mock-ups how AI Reports will help promote more data-driven decisions about arbitrator appointments. By way of preview, consider the following chart regarding a (hypothetical) arbitrator’s approach to document production: Figure A (based...
July 2, 2018
Arbitrator Intelligence Reports AI Reports are still in the development phase, and the nature and scope of AI Reports will inevitably evolve over time, particularly as AI’s base of data expands. Nevertheless, it is already easy to see from some preliminary mock-ups how AI Reports will help promote more data-driven decisions about arbitrator appointments. By way of preview, consider the following chart regarding a (hypothetical) arbitrator’s approach to document production: Figure A (based...
A Data-Driven Exploration of Arbitration as a Settlement Tool: Does Reality Match Perception?
June 27, 2018
When Did Settlement Occur? For those arbitrations that ended in settlement or withdrawal, the point in the arbitration at which this outcome occurred provides a benchmark duration for parties that are actively involved in or otherwise contemplating arbitration (actually or academically) and its potential costs. For each of the arbitrations that settled or were withdrawn, the DRD dataset includes dates of key points in the arbitration, including the date on which the claim was filed (the “claim...
June 27, 2018
When Did Settlement Occur? For those arbitrations that ended in settlement or withdrawal, the point in the arbitration at which this outcome occurred provides a benchmark duration for parties that are actively involved in or otherwise contemplating arbitration (actually or academically) and its potential costs. For each of the arbitrations that settled or were withdrawn, the DRD dataset includes dates of key points in the arbitration, including the date on which the claim was filed (the “claim...
