The business space is about to get a lot more reliant on information to accomplish work and make business decisions
“Big Data” is everywhere these days and has been attached to concepts in just about every area of business. For legal, access to large volumes of data could streamline work in everything from billing and information management to case strategy and paralegal work.
Gartner Inc., which kicked off its Business Intelligence & Analytics Summit conference today in Las Vegas made...
“The world is becoming automated, and law is no exception.” This is an unavoidable reality, according to panelists of the South by Southwest Interactive session “Your Next Lawyer Could be a Machine,” who said that it is a “scary time” for lawyers who don’t embrace the possibilities of a technologically driven future but “an incredible time” for entrepreneurship-minded lawyers who do.
Nicole Bradick, owner and chief strategy officer of CuroLegal, began the session with a primer...
"Once you really solve a problem like direct brain-computer interface ... when brains and computers can interact directly, that's it, that's the end of history, that's the end of biology as we know it. Nobody has a clue what will happen once you solve this. If life can break out of the organic realm into the vastness of the inorganic realm, you cannot even begin to imagine what the consequences will be, because your imagination at present is organic. So if there is a point of Singularity, by definition,...
Programming fundamental social intelligence skills into software agents can make humans substantially more trusting of online negotiations, which can lead to superior outcomes in e-commerce transactions, finds a team of technology researchers, business experts and cognitive scientists.
Automated software agents that bargain for the best deals on the Internet are widely used for business-to-business sales and processes. However, as people are naturally skeptical of negotiations lacking face-to-face...
CONSULTING has its Big Three; accounting the Big Four; and executive search a Big Five. But there is no corresponding clutch of dominant law firms. None has amassed as much as 0.5% of an industry with global revenues of around $650 billion a year. Even the biggest law firms may be anachronistically inefficient. They are run by lawyers, not professional managers, insist on charging by the “billable hour” rather than by results and use little technology more advanced than e-mail. Nonetheless, most...
In 2012, something happened that I called a sea change in the legal profession: The American Bar Association formally approved a change to the Model Rules of Professional Conduct to make clear that lawyers have a duty to be competent not only in the law and its practice, but also in technology.
More specifically, the ABA’s House of Delegates voted to amend Comment 8 to Model Rule 1.1, which pertains to competence, to read as follows:
Maintaining Competence
To maintain the requisite knowledge...
Last week, a federal appellate court ruled that two law firms missed an appeal deadline in a $40 million case notwithstanding the defense that the law firms were misled by a notice of electronic filing email sent by the trial court. The decision has been the subject of quite a few news articles (such as this one in the ABA Journal) and for good reason — there is a lesson to be learned here, and attorneys who use an iPhone or other mobile device ought to know about this opinion. The decision is Two-Way...