Law Firm
EY’s AI Strategy And What It Means For Professional Services Firms
November 19, 2017
Their AI system reads the documents, compares the data gathered on past projects for various items and quickly calculates the overall position. ‘We’re taking a 15 hour project for one of our staff down to about three seconds,’ says Gaskell. Naturally, this three second work time is only possible because plenty of time has been spent beforehand training the system and getting the entire workflow and data flow right.
November 19, 2017
Their AI system reads the documents, compares the data gathered on past projects for various items and quickly calculates the overall position. ‘We’re taking a 15 hour project for one of our staff down to about three seconds,’ says Gaskell. Naturally, this three second work time is only possible because plenty of time has been spent beforehand training the system and getting the entire workflow and data flow right.
Researcher Creates AI Compares Multiple Cases, Use Legal Reasoning to Pass Bar Exam
November 18, 2017
A world where artificial intelligence (AI) is used in courtrooms to rule on cases and in law firms to predict trial outcomes may seem like a science fiction novel to most, but work done by a researcher in Edmonton may be turning that fiction into a reality. Randy Goebel, a professor of computing science at the University of Alberta, has been developing a computer program that has legal reasoning skills and is able to pass the Japanese bar exam. Goebel, who specializes in AI, was working at the University...
November 18, 2017
A world where artificial intelligence (AI) is used in courtrooms to rule on cases and in law firms to predict trial outcomes may seem like a science fiction novel to most, but work done by a researcher in Edmonton may be turning that fiction into a reality. Randy Goebel, a professor of computing science at the University of Alberta, has been developing a computer program that has legal reasoning skills and is able to pass the Japanese bar exam. Goebel, who specializes in AI, was working at the University...
How Does A Lawyer Get and Stay Competent in Technology?
November 17, 2017
I’ve written any number of posts about the duty of technology competence under ABA Model Rule 1.1, Comment 8, and I’ve been tracking its adoption by the states. But one aspect of this duty that does not get as much attention is how lawyers can get and remain technologically competent. There have been several developments on this front, including news over the past week of two more initiatives that should further promote technology competence among legal professionals. One is online training...
November 17, 2017
I’ve written any number of posts about the duty of technology competence under ABA Model Rule 1.1, Comment 8, and I’ve been tracking its adoption by the states. But one aspect of this duty that does not get as much attention is how lawyers can get and remain technologically competent. There have been several developments on this front, including news over the past week of two more initiatives that should further promote technology competence among legal professionals. One is online training...
Support for Sutherland Springs
November 13, 2017
Eight days ago, tragedy struck Wilson County. This weekend, even while some victims remained in the hospital, the families and friends of those lost at the First Baptist Church in Sutherland Springs began to bury their loved ones. I write today to let you know what the San Antonio Bar Association is doing to help and to ask you to join us in these efforts. According to the State Bar, there are 34 active attorneys in all of Wilson County and only one in Sutherland...
November 13, 2017
Eight days ago, tragedy struck Wilson County. This weekend, even while some victims remained in the hospital, the families and friends of those lost at the First Baptist Church in Sutherland Springs began to bury their loved ones. I write today to let you know what the San Antonio Bar Association is doing to help and to ask you to join us in these efforts. According to the State Bar, there are 34 active attorneys in all of Wilson County and only one in Sutherland...
A Study of More Than 350 Law Firms Reveals How to Increase Billings an Average of 13%
November 11, 2017
An attorney charging $250 an hour will bill nearly $47,000 more this year, on average, by using an integrated technology solution across all functions – from practice management to research to billing – than if they use standalone platforms for each. These are results of three Blue Hill Research studies that analyzed more than 350 small law firms specializing in litigation, general practice, and business law. The studies compared firms that use technology with those that have taken adoption...
November 11, 2017
An attorney charging $250 an hour will bill nearly $47,000 more this year, on average, by using an integrated technology solution across all functions – from practice management to research to billing – than if they use standalone platforms for each. These are results of three Blue Hill Research studies that analyzed more than 350 small law firms specializing in litigation, general practice, and business law. The studies compared firms that use technology with those that have taken adoption...
Key Takeaways as Lawyers Hear Business Case for Artificial Intelligence
November 8, 2017
For some lawyers, artificial intelligence boils down to fears that robots will take over their jobs. But AI offers opportunities for firms that are proactive about incorporating the technology into the services they offer clients. And those who ignore it risk getting outpaced by the competition. That was the message of the College of Law Practice Management’s conference this year on the future of law. About 125 lawyers and legal operations professionals converged on Atlanta for the annual...
November 8, 2017
For some lawyers, artificial intelligence boils down to fears that robots will take over their jobs. But AI offers opportunities for firms that are proactive about incorporating the technology into the services they offer clients. And those who ignore it risk getting outpaced by the competition. That was the message of the College of Law Practice Management’s conference this year on the future of law. About 125 lawyers and legal operations professionals converged on Atlanta for the annual...
PwC Launches On-Demand Flexible Lawyering Service for Clients
October 29, 2017
PwC has launched a new flexible lawyering service as part of its ‘New Law’ offering for large in-house legal teams. The new service, dubbed Flexible Legal Resources, will help clients with their staffing needs by providing temporary lawyers for in-house teams during abnormal spikes in workload. Flexible Legal Resources is part of PwC’s New Law offering, which aims to help large in-house legal teams work more efficiently, with a particular focus on effective use of technology.
October 29, 2017
PwC has launched a new flexible lawyering service as part of its ‘New Law’ offering for large in-house legal teams. The new service, dubbed Flexible Legal Resources, will help clients with their staffing needs by providing temporary lawyers for in-house teams during abnormal spikes in workload. Flexible Legal Resources is part of PwC’s New Law offering, which aims to help large in-house legal teams work more efficiently, with a particular focus on effective use of technology.
Taking on the World: The Big Four in the Global Legal Market
October 29, 2017
To see the threat posed by accounting firms, just look at the number of countries where these newly re-energized players are offering legal services. Many falsely believe the Big Four were kicked out of the legal industry in the early 2000s. The Economist even went so far as to state, after the Enron scandal drove regulators to limit the range of legal services audit firms could provide, that “accountancy firms’ drive in the legal arena is dead.” Such reports—as Mark Twain once famously...
October 29, 2017
To see the threat posed by accounting firms, just look at the number of countries where these newly re-energized players are offering legal services. Many falsely believe the Big Four were kicked out of the legal industry in the early 2000s. The Economist even went so far as to state, after the Enron scandal drove regulators to limit the range of legal services audit firms could provide, that “accountancy firms’ drive in the legal arena is dead.” Such reports—as Mark Twain once famously...
PwC Launches U.S. Law Firm, Seeks Market Share From BigLaw, Especially In Tax
October 19, 2017
New York Times DealBook: PwC, the Accounting Giant, Will Open a Law Firm in the U.S., by Elizabeth Olson: Law firms already elbowing one another for multinational clients will soon have a new competitor: The Big Four accounting firm PwC, formerly known as PricewaterhouseCoopers, plans to open a law firm in Washington, D.C., next week. The law firm, ILC Legal, will advise clients on international matters such as corporate restructuring. Its lawyers will act as special legal consultants, rather...
October 19, 2017
New York Times DealBook: PwC, the Accounting Giant, Will Open a Law Firm in the U.S., by Elizabeth Olson: Law firms already elbowing one another for multinational clients will soon have a new competitor: The Big Four accounting firm PwC, formerly known as PricewaterhouseCoopers, plans to open a law firm in Washington, D.C., next week. The law firm, ILC Legal, will advise clients on international matters such as corporate restructuring. Its lawyers will act as special legal consultants, rather...
Persuasion is a Skill Not a Mystery
October 16, 2017
Whether you’re trying to persuade another party to settle a lawsuit or a family member wants to vacation in a place you’d hate to go, with some practice and effort you may be persuasive enough to achieve that settlement or avoid that vacation from Hell. There are many ways to be persuasive. Below are just a few examples that you may find helpful: Be prepared. Take the time to know all the relevant facts and how the law may be applied. Learn what you can about...
October 16, 2017
Whether you’re trying to persuade another party to settle a lawsuit or a family member wants to vacation in a place you’d hate to go, with some practice and effort you may be persuasive enough to achieve that settlement or avoid that vacation from Hell. There are many ways to be persuasive. Below are just a few examples that you may find helpful: Be prepared. Take the time to know all the relevant facts and how the law may be applied. Learn what you can about...
