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The 37% Rule: How to Decide When to Stop Wondering and Start Deciding
August 11, 2019
Earlier this year, I read Algorithms to Live By, a book that explains how to use insights from computer science...
August 11, 2019
Earlier this year, I read Algorithms to Live By, a book that explains how to use insights from computer science...
Why And How Lawyers And Law Schools Should Embrace Artificial Intelligence
August 10, 2019
Conclusion. There are several statistics floating around as to how much of a lawyer's current tasks will be automated in the near future. "Deloitte claims 39% of legal jobs can be automated; McKinsey Global Institute estimates that 23% of a lawyer's job could be automated. Some estimates suggest that adopting all legal technology (including AI) already available now would reduce lawyers' hours by 13%." As discussed in this essay, there are a great number of Al programs currently in existence...
August 10, 2019
Conclusion. There are several statistics floating around as to how much of a lawyer's current tasks will be automated in the near future. "Deloitte claims 39% of legal jobs can be automated; McKinsey Global Institute estimates that 23% of a lawyer's job could be automated. Some estimates suggest that adopting all legal technology (including AI) already available now would reduce lawyers' hours by 13%." As discussed in this essay, there are a great number of Al programs currently in existence...
Mind the Gap: Bringing Technology to the Mediation Table
August 8, 2019
Alyson Carrel, Clinical Associate Professor and Assistant Dean of Law and Technology Initiatives at Northwestern University Pritzker School of Law, and Noam Ebner, Professor of Negotiation and Conflict Resolution in the Department of Interdisciplinary Studies at Creighton University, have published “Mind the Gap: Bringing Technology to the Mediation Table,” Journal of Dispute Resolution, 2019 (2), 1-45. In their journal article, the authors discuss incorporating beneficial...
August 8, 2019
Alyson Carrel, Clinical Associate Professor and Assistant Dean of Law and Technology Initiatives at Northwestern University Pritzker School of Law, and Noam Ebner, Professor of Negotiation and Conflict Resolution in the Department of Interdisciplinary Studies at Creighton University, have published “Mind the Gap: Bringing Technology to the Mediation Table,” Journal of Dispute Resolution, 2019 (2), 1-45. In their journal article, the authors discuss incorporating beneficial...
The Algorithm Will Hire Your Patent Lawyer Now
August 8, 2019
Klein thinks Ex Parte’s data-driven approach will make patent litigation more efficient by giving clients a better understanding of their odds—and which lawyers will improve them most. “We are able to develop a predictive model that can achieve what even the most experienced lawyer who has argued 20 cases in the Federal Circuit couldn’t possibly hope to achieve,” Klein, 52, said. “That is what’s happening across every other industry but has not yet made its way to the field of law.” Some...
August 8, 2019
Klein thinks Ex Parte’s data-driven approach will make patent litigation more efficient by giving clients a better understanding of their odds—and which lawyers will improve them most. “We are able to develop a predictive model that can achieve what even the most experienced lawyer who has argued 20 cases in the Federal Circuit couldn’t possibly hope to achieve,” Klein, 52, said. “That is what’s happening across every other industry but has not yet made its way to the field of law.” Some...
Public Sees Benefits to Resolving Civil Court Cases Online
August 6, 2019
The creators of this country’s civil legal system more than 200 years ago set up a system that had to be navigated by lawyers....
August 6, 2019
The creators of this country’s civil legal system more than 200 years ago set up a system that had to be navigated by lawyers....
Don’t Call Me a Lawyer—I am a “Legal Engineer”
August 3, 2019
“Traditionally, lawyers write memos and make oral arguments,” Burt says. “As legal engineers, our job is not to write...
August 3, 2019
“Traditionally, lawyers write memos and make oral arguments,” Burt says. “As legal engineers, our job is not to write...
The Effects of the Extant Clauses Limiting Auditor Liability on Audit Fees and Overall Reporting Quality
August 1, 2019
Regulators and shareholders generally oppose any restriction on clients' rights to sue their auditors, believing that such restrictions would impair reporting quality. However, the evidence suggests that the opposition to limitation of liability agreements (LLAs) between clients and auditors is likely unwarranted. Specifically, the evidence indicates that LLAs are beneficial to clients by lowering their audit fees. More importantly, we find no evidence that they impair financial reporting quality...
August 1, 2019
Regulators and shareholders generally oppose any restriction on clients' rights to sue their auditors, believing that such restrictions would impair reporting quality. However, the evidence suggests that the opposition to limitation of liability agreements (LLAs) between clients and auditors is likely unwarranted. Specifically, the evidence indicates that LLAs are beneficial to clients by lowering their audit fees. More importantly, we find no evidence that they impair financial reporting quality...
Data Analytics Is (Slowly) Transforming Private Equity
July 27, 2019
Data analytics is one of the hottest areas in business these days. Companies are increasingly adopting it to transform human resources, sales and marketing, business development, operations and other areas, across a wide spectrum of industries. The approach holds the promise of more objective decision-making and a stronger bottom line. But when it comes to the world of private equity it’s a different story, according to Sajjad Jaffer, co-founder of the advisory and investment firm Two Six Capital....
July 27, 2019
Data analytics is one of the hottest areas in business these days. Companies are increasingly adopting it to transform human resources, sales and marketing, business development, operations and other areas, across a wide spectrum of industries. The approach holds the promise of more objective decision-making and a stronger bottom line. But when it comes to the world of private equity it’s a different story, according to Sajjad Jaffer, co-founder of the advisory and investment firm Two Six Capital....
Legal Uniformity in American Courts
July 25, 2019
Intercircuit splits occur when two or more circuits on the U.S. Courts of Appeals issue different legal rules about the same legal question. When this happens, federal law is applied differently in different parts of the country. Intercircuit splits cause legal nonuniformity, are an impediment to lawyering and judging, and have practical consequences for U.S. law. Despite intercircuit splits’ importance, there is almost no quantitative research about them. We created a unique original dataset...
July 25, 2019
Intercircuit splits occur when two or more circuits on the U.S. Courts of Appeals issue different legal rules about the same legal question. When this happens, federal law is applied differently in different parts of the country. Intercircuit splits cause legal nonuniformity, are an impediment to lawyering and judging, and have practical consequences for U.S. law. Despite intercircuit splits’ importance, there is almost no quantitative research about them. We created a unique original dataset...
Understanding Patent “Privateering”: A Quantitative Assessment
July 24, 2019
Since 2011, several papers and articles have speculated about the motivations, activities, and possible anti‐competitive effects of hybrid patent assertion entities (PAEs) or, more pejoratively, “patent privateers.” Most prior work has assumed that privateers are essentially extorting money from firms by making weak infringement claims employing weak patents. Under a more classical law and economics approach, we would expect patent privateers to acquire valuable patents to reduce litigation...
July 24, 2019
Since 2011, several papers and articles have speculated about the motivations, activities, and possible anti‐competitive effects of hybrid patent assertion entities (PAEs) or, more pejoratively, “patent privateers.” Most prior work has assumed that privateers are essentially extorting money from firms by making weak infringement claims employing weak patents. Under a more classical law and economics approach, we would expect patent privateers to acquire valuable patents to reduce litigation...
