All negotiation processes involve an exchange of concessions, and compromise is an agreement based on mutual concessions. Hence the questions investigated in this article: Why are concessions in negotiations always reciprocal? Why do negotiators follow this rule? And why do negotiators achieve these concessions through a process that we call compromise? Is there a connection between conceding and promising? In this article, I examine the structure of concession making and compromise through sociological,...
Artificial intelligence – the science of teaching computers to think like humans – could reshape the global economy by making both capital investments and labor costs more efficient. That would provide a meaningful boost to productivity growth, which has stagnated since the internet boom of the 1990s. Heath Terry of Goldman Sachs Research discusses the technology’s most promising uses, the industries set to take advantage and how widespread adoption might impact the labor market.
Predictive Modeling—the Next Frontier
All of the approaches above are important and possible based on technology and services currently available, but legal departments also need to be looking to what's next: Using data to make predictions about how a matter is going to progress and its eventual outcome.
Predictive modeling can provide significant benefits for assessing the likely length, costs and outcome of lawsuits filed against a company, as well as what to expect in the deposition and discovery...
ROSS Intelligence, the artificial intelligence legal research platform, outperforms Westlaw and LexisNexis in finding relevant authorities, in user satisfaction and confidence, and in research efficiency, and is virtually certain to deliver a positive return on investment.
These are among the findings of benchmark report being released today by the technology research and advisory company Blue Hill Research pitting ROSS against the two dominant legal research services. The full report will be available...
The Office of Court Administration released its annual statistical report for the judiciary with the following highlights:
The number of civil cases filed in the municipal courts, which account for over half of all civil cases statewide, decreased 11 percent, while the civil caseload in the other levels of court increased slightly;
The number of traffic and parking cases fell 37 percent from its peak in 2006 and is at the lowest level in more than 30 years - traffic and parking cases...