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Predictive Analytics
Israel: Legal Tech in the Start-up Nation
November 20, 2016
That is part of the reason why the inevitable change is coming strongly to Israel now. In a competitive market like the Israeli...
November 20, 2016
That is part of the reason why the inevitable change is coming strongly to Israel now. In a competitive market like the Israeli...
Daniel Katz Launches Fin [Legal] Tech
November 19, 2016
aw/Illinois Institute of Technology, started at 7:30 a.m.—as planes, trains, cars and feet were delivering exuberant fans to the Major League Baseball’s World Series parade to celebrate the Chicago Cubs’ win after a 108-year drought. (Their last win was in 1908, seven years before James Fields Smathers of Kansas City invented a new technology: the power-operated typewriter.) But even though a few dads and moms decided to skip the conference to take their kids to the historic event, the inaugural...
November 19, 2016
aw/Illinois Institute of Technology, started at 7:30 a.m.—as planes, trains, cars and feet were delivering exuberant fans to the Major League Baseball’s World Series parade to celebrate the Chicago Cubs’ win after a 108-year drought. (Their last win was in 1908, seven years before James Fields Smathers of Kansas City invented a new technology: the power-operated typewriter.) But even though a few dads and moms decided to skip the conference to take their kids to the historic event, the inaugural...
Advice for Legal Tech Start-ups from Seedcamp’s Tom Wilson
November 19, 2016
‘Law firms’ desire for risk is very, very low. So the sales cycle [for legal tech companies] is slow. This makes it harder for VCs to keep investing,’ Wilson explains. He points out that investors want to see considerable improvement every 12 months. But, as anyone in the legal market can attest to, selling to law firms can often take 18 months or more to move from discussions to an actual contract. Moreover, because the tech here is so new, law firms will need to trial it and a trial does...
November 19, 2016
‘Law firms’ desire for risk is very, very low. So the sales cycle [for legal tech companies] is slow. This makes it harder for VCs to keep investing,’ Wilson explains. He points out that investors want to see considerable improvement every 12 months. But, as anyone in the legal market can attest to, selling to law firms can often take 18 months or more to move from discussions to an actual contract. Moreover, because the tech here is so new, law firms will need to trial it and a trial does...
Lex Machina Adds Third Practice Area to its Legal Analytics: Antitrust
November 18, 2016
The legal analytics company Lex Machina is announcing today its expansion into a third practice area, antitrust law. This follows its expansion in July to add securities law. Until its acquisition last year by LexisNexis, Lex Machina had focused exclusively on intellectual property. Since the acquisition, it has been using LexisNexis’s collection of federal and state docket data to expand into other practice areas. Today’s release adds some 7,800 antitrust cases active since 2009, according...
November 18, 2016
The legal analytics company Lex Machina is announcing today its expansion into a third practice area, antitrust law. This follows its expansion in July to add securities law. Until its acquisition last year by LexisNexis, Lex Machina had focused exclusively on intellectual property. Since the acquisition, it has been using LexisNexis’s collection of federal and state docket data to expand into other practice areas. Today’s release adds some 7,800 antitrust cases active since 2009, according...
Former White & Case London Head + PE Fund Create Legal Tech Angel Network
November 18, 2016
A new angel investment network, Hamilton Ramsay, largely comprising former partners of major law firms, including from White & Case, is launching in the UK to help grow legal tech start-ups with seed capital and mentoring. The angel investment group has been co-developed by Freddie Bellhouse, a former associate at Kirkland & Ellis and founder of the Fordhouse Equity fund, which invests exclusively in small businesses based in the UK. The goal will be to support a new wave of legal...
November 18, 2016
A new angel investment network, Hamilton Ramsay, largely comprising former partners of major law firms, including from White & Case, is launching in the UK to help grow legal tech start-ups with seed capital and mentoring. The angel investment group has been co-developed by Freddie Bellhouse, a former associate at Kirkland & Ellis and founder of the Fordhouse Equity fund, which invests exclusively in small businesses based in the UK. The goal will be to support a new wave of legal...
The Competitive Landscape for Machine Intelligence
November 17, 2016
If this year’s landscape shows anything, it’s that the impact of machine intelligence is already here. Almost every industry is already being affected, from agriculture to transportation. Every employee can use machine intelligence to become more productive with tools that exist today. Companies have at their disposal, for the first time, the full set of building blocks to begin embedding machine intelligence in their businesses. And unlike with the internet, where latecomers often bested those...
November 17, 2016
If this year’s landscape shows anything, it’s that the impact of machine intelligence is already here. Almost every industry is already being affected, from agriculture to transportation. Every employee can use machine intelligence to become more productive with tools that exist today. Companies have at their disposal, for the first time, the full set of building blocks to begin embedding machine intelligence in their businesses. And unlike with the internet, where latecomers often bested those...
Artificial Intelligence Directed to Cybersecurity
November 17, 2016
Infoworld reported that “IBM Security is currently in the middle of a year-long research project working with eight universities to help train Watson to tackle cybercrime.” The November 15, 2016 article entitled “How IBM’s Watson will change cybersecurity” includes a reference to IBM’s Security Intelligence comments by Diana Kelley that “We need to make sure these technologies are actually solving the problems that security professionals are facing, both today and in the future.” ...
November 17, 2016
Infoworld reported that “IBM Security is currently in the middle of a year-long research project working with eight universities to help train Watson to tackle cybercrime.” The November 15, 2016 article entitled “How IBM’s Watson will change cybersecurity” includes a reference to IBM’s Security Intelligence comments by Diana Kelley that “We need to make sure these technologies are actually solving the problems that security professionals are facing, both today and in the future.” ...
What Artificial Intelligence Can and Can’t Do Right Now
November 16, 2016
After understanding what AI can and can’t do, the next step for executives is incorporating it into their strategies. That means understanding where value is created and what’s hard to copy. The AI community is remarkably open, with most top researchers publishing and sharing ideas and even open-source code. In this world of open source, the scarce resources are therefore: Data. Among leading AI teams, many can likely replicate others’ software in, at most, 1–2 years. But it is exceedingly...
November 16, 2016
After understanding what AI can and can’t do, the next step for executives is incorporating it into their strategies. That means understanding where value is created and what’s hard to copy. The AI community is remarkably open, with most top researchers publishing and sharing ideas and even open-source code. In this world of open source, the scarce resources are therefore: Data. Among leading AI teams, many can likely replicate others’ software in, at most, 1–2 years. But it is exceedingly...
You Don’t Need Big Data — You Need the Right Data
November 14, 2016
The term “big data” is ubiquitous. With exabytes of information flowing across broadband pipes, companies compete to claim the biggest, most audacious data sets. And businesses of all varieties — old and new, industrial and digital, big and small — are getting into the game. Masses of social, weather, and government data are being leveraged to predict supply chain outages. Enormous amounts of user data are being harnessed at scale to identify individuals among a sea of website clicks....
November 14, 2016
The term “big data” is ubiquitous. With exabytes of information flowing across broadband pipes, companies compete to claim the biggest, most audacious data sets. And businesses of all varieties — old and new, industrial and digital, big and small — are getting into the game. Masses of social, weather, and government data are being leveraged to predict supply chain outages. Enormous amounts of user data are being harnessed at scale to identify individuals among a sea of website clicks....
For Law Firms, AI is Becoming Part of the Legal Practice
November 14, 2016
Increasingly, law firms are beginning to accept that the marketplace is changing and therefore their business practices must be assessed. And in doing so, there’s consensus building around the notion that AI might be very beneficial to improving legal services and addressing ongoing market challenges. As Allens partner and practice group leader Anna Collyer said in a roundtable discussion with The Australian, AI is “technology that can effectively rep[lace what it is that lawyers have done in the past...
November 14, 2016
Increasingly, law firms are beginning to accept that the marketplace is changing and therefore their business practices must be assessed. And in doing so, there’s consensus building around the notion that AI might be very beneficial to improving legal services and addressing ongoing market challenges. As Allens partner and practice group leader Anna Collyer said in a roundtable discussion with The Australian, AI is “technology that can effectively rep[lace what it is that lawyers have done in the past...
