Some warn that the world’s first artificially intelligent attorney is imminent, but replacing lawyers is not on the horizon
There has been a great deal of coverage about the possibility of Artificial Intelligence (AI) replacing the legal profession, stimulated in part by a recent conference at Vanderbilt Law School titled “Watson, Esq.: Will Your Next Lawyer Be a Machine?”
Some warn that the world’s first artificially intelligent attorney is imminent and that it is only a matter of time...
Firm Leaders Predict Modest Growth in Second Half of 2016
Most law firm leaders expect demand for their services to increase by less than 5 percent in the second half of 2016, according to a report released Thursday by Citi Private Bank's Law Firm Group. The majority of those surveyed predicted that net income would grow, but not as much as revenue, suggesting that firms are also forecasting an increase in expenses.
Only 8 percent of the 155 law firm executives surveyed...
From Harry Potter and Romeo and Juliet to the stories of Oedipus and Icarus, almost every tale told conforms to one of just six plots, researchers have claimed.
A major new analysis of over 1,700 stories identified the core plots 'which form the building blocks of complex narratives'.
Researchers used complex data-mining to locate words linked to positive or negative emotion in each story to reveal the set of arcs.
An emotional arc is similar to a plot building block that tells a story by generating...
The Oyez Project is a free, online repository containing more than 10,000 audio tapes of U.S. Supreme Court arguments going back 60 years. According to this story in the National Law Journal, the Oyez Project is about to get a new home, moving from its present host the Chicago-Kent College of Law to Cornell University’s Legal Information Institute in co-sponsorship with Justia, the online publisher of legal information. The National Law Journal hints that the continuing financial viability of the Oyez...
One of the country’s biggest law firms has become the first to publicly announce that it has “hired” a robot lawyer to assist with bankruptcy cases. The robot, called ROSS, has been marketed as “the world’s first artificially intelligent attorney.”
ROSS has joined the ranks of law firm BakerHostetler, which employs about 50 human lawyers just in its bankruptcy practice. The AI machine, powered by IBM’s Watson technology, will serve as a legal researcher for the firm. It will...
A new Texas Lawbook study of legal industry finances in Texas shows that elite, wealthy corporate law firms – most of them based outside of the state – are achieving enormous financial success by stealing the best lawyers and the highest paying business clients away from large, full service legacy Texas law firms.
At the same time, dozens of national and regional law firms, including many that focus on upper middle market corporate clients in the healthcare, manufacturing, retail, technology...
You have to take your hat off to Dentons.
Not content with growing to become the world’s largest law firm, it has now launched a new online site to connect lawyers and drive referral business.
Named Nextlaw Global Referral Network, Dentons said in announcement that the new technology platform will allow member law firms to easily connect and track referrals.
Dentons currently refers work to almost 1,000 firms, and picked up 500 inbound referrals in 2015, making it the largest law firm...