Blog Archives
2017 Arbitration Thoughts
July 5, 2017
Over the years we’ve been building a list to consider when putting together an arbitration provision. A requirement that the case be disposed of within a certain time period. (i.e. 6 months from filing); A limitation on the number of witnesses that can be called, the amount of time each side has to put on their case, basically anything that would set parameters on how long the hearing will take; Statute of Limitations – is a provision necessary that spells out how long a party has to bring...
July 5, 2017
Over the years we’ve been building a list to consider when putting together an arbitration provision. A requirement that the case be disposed of within a certain time period. (i.e. 6 months from filing); A limitation on the number of witnesses that can be called, the amount of time each side has to put on their case, basically anything that would set parameters on how long the hearing will take; Statute of Limitations – is a provision necessary that spells out how long a party has to bring...
The Best And Worst States For Litigation Finance
July 5, 2017
The discrepancy in attractiveness of litigation finance between states generally stems from judicial decisions that have been handed down in that state, as well as state-level legislative differences. Many people new to the industry do not realize that there are important differences in litigation finance across states. Managing those differences can be challenging. The reality is that managing a portfolio of claims is tough by itself, but once you throw in differences between states for a given...
July 5, 2017
The discrepancy in attractiveness of litigation finance between states generally stems from judicial decisions that have been handed down in that state, as well as state-level legislative differences. Many people new to the industry do not realize that there are important differences in litigation finance across states. Managing those differences can be challenging. The reality is that managing a portfolio of claims is tough by itself, but once you throw in differences between states for a given...
Creativity Goes With Emotional Intelligence
July 4, 2017
Studying the Emotional Intelligence/Creativity Link In a recent study conducted by me and two of my awesome graduate students, Olivia Jewell and Kian Betancourt, we sought to examine the relationship between a facet of emotional intelligence (we call it “empathic accuracy”) and creativity. Past research on the relationship between emotional intelligence and creativity has been mixed. That said, we proposed that the ability to accurately estimate the emotions of another would be related...
July 4, 2017
Studying the Emotional Intelligence/Creativity Link In a recent study conducted by me and two of my awesome graduate students, Olivia Jewell and Kian Betancourt, we sought to examine the relationship between a facet of emotional intelligence (we call it “empathic accuracy”) and creativity. Past research on the relationship between emotional intelligence and creativity has been mixed. That said, we proposed that the ability to accurately estimate the emotions of another would be related...
Big Pharma Turns to AI to Speed Drug Discovery
July 4, 2017
The aim is to harness modern supercomputers and machine learning systems to predict how molecules will behave and how likely they are to make a useful drug, thereby saving time and money on unnecessary tests. AI systems already play a central role in other high-tech areas such as the development of driverless cars and facial recognition software.
July 4, 2017
The aim is to harness modern supercomputers and machine learning systems to predict how molecules will behave and how likely they are to make a useful drug, thereby saving time and money on unnecessary tests. AI systems already play a central role in other high-tech areas such as the development of driverless cars and facial recognition software.
Travelers: Claims Reveal July 4 is Most Dangerous Summer Holiday for Drivers
July 4, 2017
The Fourth of July is the most dangerous of the three summer holidays for auto accidents, according to the Travelers Companies, Inc. According to the company’s personal insurance auto claim data from 2012 to 2016, there are 7 percent more auto accident claims over the Fourth of July and three days leading up to it, as compared to Memorial Day and Labor Day weekends. “The Fourth of July is one of the busiest times on the roads, which means there are more drivers who may be distracted, tired...
July 4, 2017
The Fourth of July is the most dangerous of the three summer holidays for auto accidents, according to the Travelers Companies, Inc. According to the company’s personal insurance auto claim data from 2012 to 2016, there are 7 percent more auto accident claims over the Fourth of July and three days leading up to it, as compared to Memorial Day and Labor Day weekends. “The Fourth of July is one of the busiest times on the roads, which means there are more drivers who may be distracted, tired...
Artificial Intelligence and Legal Analytics
July 3, 2017
The field of artificial intelligence (AI) and the law is on the cusp of a revolution that began with text analytic programs like IBM's Watson and Debater and the open-source information management architectures on which they are based. Today, new legal applications are beginning to appear and this book - designed to explain computational processes to non-programmers - describes how they will change the practice of law, specifically by connecting computational models of legal reasoning directly with...
July 3, 2017
The field of artificial intelligence (AI) and the law is on the cusp of a revolution that began with text analytic programs like IBM's Watson and Debater and the open-source information management architectures on which they are based. Today, new legal applications are beginning to appear and this book - designed to explain computational processes to non-programmers - describes how they will change the practice of law, specifically by connecting computational models of legal reasoning directly with...
Patent-Holding Company Asks SCOTUS to Vacate Texas Arbitrator’s Award in Legal Fees Dispute
July 3, 2017
A patent-holding company has asked the Supreme Court of the United States to consider its request to vacate an arbitrator’s award in a legal fees dispute. In Parallel Networks, Inc. v. Jenner & Block, LLP, No. 16-1271, a law firm, Jenner & Block, represented a patent-holding company, Parallel Networks, on a contingency fee basis in an intellectual property lawsuit. The representation agreement that was signed by Parallel Networks stated all disputes related to legal fees would be arbitrated. ...
July 3, 2017
A patent-holding company has asked the Supreme Court of the United States to consider its request to vacate an arbitrator’s award in a legal fees dispute. In Parallel Networks, Inc. v. Jenner & Block, LLP, No. 16-1271, a law firm, Jenner & Block, represented a patent-holding company, Parallel Networks, on a contingency fee basis in an intellectual property lawsuit. The representation agreement that was signed by Parallel Networks stated all disputes related to legal fees would be arbitrated. ...
Goldman Set Out to Automate IPOs and It Has Come Far, Really Fast
July 3, 2017
A few years ago, Goldman Sachs Group Inc.’s leaders took a hard look at how the bank carries out initial public offerings. They mapped 127 steps in every deal, then set out to see how many could be done by computers instead of people. The answer so far: about half. Just 21 months after the firm disclosed its plan to re-engineer one of Wall Street’s most lucrative businesses, the project has found ways to eliminate thousands of hours of work long performed by humans. A computer-based interface...
July 3, 2017
A few years ago, Goldman Sachs Group Inc.’s leaders took a hard look at how the bank carries out initial public offerings. They mapped 127 steps in every deal, then set out to see how many could be done by computers instead of people. The answer so far: about half. Just 21 months after the firm disclosed its plan to re-engineer one of Wall Street’s most lucrative businesses, the project has found ways to eliminate thousands of hours of work long performed by humans. A computer-based interface...
Richard Susskind Interview for Tomorrow’s Lawyers
July 2, 2017
Richard Susskind Interview for Tomorrow’s Lawyers 2nd Edition at the 2017 CLOC (Corporate Legal Operations Consortium) Conference in Las Vegas
July 2, 2017
Richard Susskind Interview for Tomorrow’s Lawyers 2nd Edition at the 2017 CLOC (Corporate Legal Operations Consortium) Conference in Las Vegas
Profiles In Innovation: An Interview With Owen Byrd Of Lex Machina
July 2, 2017
DL: Which seems like a perfect background for Lex Machina…. OB: Look at Moneyball, and the application of analytics to fields as diverse as sports, finance, and marketing. Everything has become analytics-driven. Why not law? That’s what Lex Machina is all about. In 2010, Lex Machina — which started out as a public interest project at Stanford Law School, focused on quantitative analysis of patent litigation — spun out as a private company. In 2011, the board hired my friend...
July 2, 2017
DL: Which seems like a perfect background for Lex Machina…. OB: Look at Moneyball, and the application of analytics to fields as diverse as sports, finance, and marketing. Everything has become analytics-driven. Why not law? That’s what Lex Machina is all about. In 2010, Lex Machina — which started out as a public interest project at Stanford Law School, focused on quantitative analysis of patent litigation — spun out as a private company. In 2011, the board hired my friend...
