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Predictive Analytics
Diffusion of Legal Innovations: The Case of Israeli Class Actions
November 16, 2018
Under the standard model in law and economics, agents maximize expected profit subject to constraints set by legal rules. In such a model, the expected reaction to legal innovations is immediate. However, this is not what we observe after class actions have been introduced into Israeli law. For a long time, the new procedure was rarely utilized. Then, the adoption process gained momentum. We discuss alternative explanations for this phenomenon. We find that class action filings are explained not only...
November 16, 2018
Under the standard model in law and economics, agents maximize expected profit subject to constraints set by legal rules. In such a model, the expected reaction to legal innovations is immediate. However, this is not what we observe after class actions have been introduced into Israeli law. For a long time, the new procedure was rarely utilized. Then, the adoption process gained momentum. We discuss alternative explanations for this phenomenon. We find that class action filings are explained not only...
Bankruptcy Claims Trading
November 13, 2018
A robust secondary market has emerged over the past 20 years in the debt of Chapter 11 firms. Critics worry that the trading associated with this market has undermined bankruptcy governance by forcing managers to negotiate with shifting groups of activist investors in the Chapter 11 bargaining process. This article investigates whether this is a common problem and concludes that it is not. Although trading of bond debt is pervasive, the activist groups that tend to participate in negotiations usually...
November 13, 2018
A robust secondary market has emerged over the past 20 years in the debt of Chapter 11 firms. Critics worry that the trading associated with this market has undermined bankruptcy governance by forcing managers to negotiate with shifting groups of activist investors in the Chapter 11 bargaining process. This article investigates whether this is a common problem and concludes that it is not. Although trading of bond debt is pervasive, the activist groups that tend to participate in negotiations usually...
New Supercomputer Mimics Human Brain, Researchers Say
November 10, 2018
A new supercomputer is able to mimic how the human brain functions, and can perform 200 quadrillion actions simultaneously. The Spiking Neural Network Architecture, or SpiNNaker, went online last week for the first time at the University of Manchester in Britain. The computer can model more neurons in real time than any machine on the planet, developers say. "SpiNNaker completely re-thinks the way conventional computers work. We've essentially created a machine that works more like a brain...
November 10, 2018
A new supercomputer is able to mimic how the human brain functions, and can perform 200 quadrillion actions simultaneously. The Spiking Neural Network Architecture, or SpiNNaker, went online last week for the first time at the University of Manchester in Britain. The computer can model more neurons in real time than any machine on the planet, developers say. "SpiNNaker completely re-thinks the way conventional computers work. We've essentially created a machine that works more like a brain...
This AI Startup Generates Legal Papers Without Lawyers, and Suggests a Ruling
November 10, 2018
An artificial intelligence application (app) developed by Ignacio Raffa, a startup founder from Buenos Aires, can now draft a ruling on a non-complex case in seconds, going so far as recommending a ruling to the judge. The app was developed in collaboration with the local district attorney's office. The app, Prometea, is being used for stuff like taxi license disputes, not murder trials, but it’s a significant automation that is beneficial to the city's overworked justice system. The Buenos...
November 10, 2018
An artificial intelligence application (app) developed by Ignacio Raffa, a startup founder from Buenos Aires, can now draft a ruling on a non-complex case in seconds, going so far as recommending a ruling to the judge. The app was developed in collaboration with the local district attorney's office. The app, Prometea, is being used for stuff like taxi license disputes, not murder trials, but it’s a significant automation that is beneficial to the city's overworked justice system. The Buenos...
Project Provides Access to All U.S. Case Law, Covering 360 Years
November 8, 2018
Launching today is the capstone to a massive project executed over the last three years to digitize all U.S. case law, some 6.4 million cases dating all the way back to 1658, a span of 360 years. The Caselaw Access Project site launching today makes all published U.S. court decisions freely available to the public in a consistent digitized format. The site is the product of a partnership started in 2015 between Harvard Law School’s Library Innovation Lab and legal research service Ravel...
November 8, 2018
Launching today is the capstone to a massive project executed over the last three years to digitize all U.S. case law, some 6.4 million cases dating all the way back to 1658, a span of 360 years. The Caselaw Access Project site launching today makes all published U.S. court decisions freely available to the public in a consistent digitized format. The site is the product of a partnership started in 2015 between Harvard Law School’s Library Innovation Lab and legal research service Ravel...
Bloomberg Law Debuts New Attorney Analytics Tool to Better Evaluate Outside Counsel
November 7, 2018
The new Attorney Analytics tool will provide stats on over 100,000 lawyers, from companies and cases they’ve represented...
November 7, 2018
The new Attorney Analytics tool will provide stats on over 100,000 lawyers, from companies and cases they’ve represented...
The Eight Big Negotiation Mistakes that Entrepreneurs Make
November 6, 2018
Entrepreneurs, whose job is to transform ideas into new products or services for which there is a market, pride themselves on creating disruption and driving innovation. But they often fumble key interactions because they don't know how to handle the negotiation challenges that almost always arise. Entrepreneurship typically entails a series of interactions between founders, partners, potential partners, investors, and others at various stages of the entrepreneurial process – from the “seed”...
November 6, 2018
Entrepreneurs, whose job is to transform ideas into new products or services for which there is a market, pride themselves on creating disruption and driving innovation. But they often fumble key interactions because they don't know how to handle the negotiation challenges that almost always arise. Entrepreneurship typically entails a series of interactions between founders, partners, potential partners, investors, and others at various stages of the entrepreneurial process – from the “seed”...
Artificial Intelligence now being used to predict the Next Big Earthquake!
November 4, 2018
The New York Times reported that “with the help of artificial intelligence, a growing number of scientists say changes in the way they can analyze massive amounts of seismic data can help them better understand earthquakes, anticipate how they will behave, and provide quicker and more accurate early warnings.” The October 26, 2018 article entitled “A.I. Is Helping Scientists Predict When and Where the Next Big Earthquake Will Be” included these comments: The new A.I.-related earthquake...
November 4, 2018
The New York Times reported that “with the help of artificial intelligence, a growing number of scientists say changes in the way they can analyze massive amounts of seismic data can help them better understand earthquakes, anticipate how they will behave, and provide quicker and more accurate early warnings.” The October 26, 2018 article entitled “A.I. Is Helping Scientists Predict When and Where the Next Big Earthquake Will Be” included these comments: The new A.I.-related earthquake...
The Musical Performance “Sight Machine” Reveals What Artificial Intelligence Is “Thinking” About Us
November 3, 2018
Last year, Facebook created two chatbots and asked them to begin talking to each other, practicing their negotiation skills. The bots, it turns out, were pretty good at negotiating—but they did it using their own made-up language that was incomprehensible to humans. This is where the world is going. Computers are creating content for each other, not us. Pictures are being taken by computers, for other computers to view and interpret. It's all happening quietly, often without our knowledge...
November 3, 2018
Last year, Facebook created two chatbots and asked them to begin talking to each other, practicing their negotiation skills. The bots, it turns out, were pretty good at negotiating—but they did it using their own made-up language that was incomprehensible to humans. This is where the world is going. Computers are creating content for each other, not us. Pictures are being taken by computers, for other computers to view and interpret. It's all happening quietly, often without our knowledge...
The Newest Approach Law Firms are Taking to Get a Strategic Edge
November 3, 2018
This is why Larson O’Brien, LLP, a Los Angeles-based boutique litigation firm, is embracing Westlaw Edge, the latest advancement...
November 3, 2018
This is why Larson O’Brien, LLP, a Los Angeles-based boutique litigation firm, is embracing Westlaw Edge, the latest advancement...
