The widening gap between legal fees and what most companies can afford to pay makes the profession ripe for ‘Uberisation’
One sector, however, has carried on as if technology had never been invented: the law. Lawyers’ working practices “have not changed much since the time of Charles Dickens”, say father-and-son team Richard and Daniel Susskind in their book, The Future of the Professions.
Lawyers still provide high-cost customised advice. The highest-earning legal partners preside...
Stanford Law School and Sullivan & Cromwell team up for FCPA clearinghouse, while McDermott Will & Emery offers corporate services
Law schools and law firms are providing new tools to help clients deal with increasing amounts of data. In one case, Stanford Law School and Sullivan & Cromwell recently launched the Foreign Corrupt Practices Act Clearinghouse (FCPAC), a public database that aggregates and curates source documents and provides analytics tools related to enforcement of the Foreign Corrupt...
Dallas lawyer Frank Stevenson hopes to kill three birds with one stone during his upcoming year as State Bar of Texas president.
Stevenson plans to guide the state bar to launch a legal incubator for young attorneys who want to serve low- and middle-income Texans. The incubator will aim to provide employment for young attorneys and also address the "justice gap" that occurs when low- and middle-income people can't afford to hire lawyers, he explained. Stevenson said he hopes the incubator will...
Artificial intelligence has long been a tool for lawyers to perform their tasks more efficiently. However, the technology has advanced to the point where computers can now perform many of the tasks that were once the exclusive domain of humans. In this month’s Asked and Answered, the ABA Journal’s Victor Li talks to freelance writer Julie Sobowale about how artificial intelligence is revolutionizing the practice of law.
Julie Sobowale is a freelance journalist and lawyer based in Halifax,...
PacerPro, the company that provides various advanced tools for searching the federal courts’ PACER system and for managing PACER documents, today unveiled Case Feed, a feature that shows all activity on all of a law firm’s PACER cases in real-time chronological order, including PDFs of case filings.
The feature makes electronic filings from PACER instantly available through the PacerPro platform, where they can be easily accessed by anyone in the law firm.
It works by automatically retrieving...
A REVOLUTION BEGINS
Artificial intelligence is changing the way lawyers think, the way they do business and the way they interact with clients. Artificial intelligence is more than legal technology. It is the next great hope that will revolutionize the legal profession.
Change can be brought on through pushing existing ideas. What makes artificial intelligence stand out is the potential for a paradigm shift in how legal work is done.
AI, sometimes referred to as cognitive computing, refers...
In-house spending on class action defence has rebounded after four years of steady slump, with around 7 per cent more US companies fending off at least one class action lawsuit last year than in 2014.
According to the results of law firm Carlton Fields' 2016 Class Action Survey, released on Monday, average legal spend on defending class action lawsuits has lifted in the United States for the first time in four years from $2.03 billion in 2014 to $2.1 billion last year. Of the 391 senior in-house...
Debuting at ABA Techshow this week is a new iOS app that will allow consumers to locate an available attorney and connect with him or her instantly by video, in much the same way that someone can hail a ride on demand using the app Uber.
As of this writing, the app, which is tentatively named 1Law, was awaiting final approval from Apple to be included in the app store. The app’s developer, A. Jason Velez, hoped that the app would be available in the app store by the start of Techshow.
I was able...