To build the cutting-edge technologies that enable conversational understanding and image recognition, we often apply combinations of machine learning technologies such as deep neural networks and graph-based machine learning. However, the machine learning systems that power most of these applications run in the cloud and are computationally intensive and have significant memory requirements. What if you want machine intelligence to run on your personal phone or smartwatch, or on IoT devices, regardless...
Data: Your firm needs to have numbers that will help in management decisions in a format that software can handle. Ideally, the data has been collected in one or more spreadsheets, but database repositories can also contribute. Despite the hype about "big data," law firms don't possess such large-scale pools of data. Still, you can actually do useful analyses and, more fruitfully, make predictions with modest amounts of data. For example, with a spreadsheet having details on 50 or more closed cases...
USAA is facing a $1.8 million verdict by a South Texas jury after one of its customers — who is a litigation attorney — won a lawsuit that accused the company of fraud stemming from a disputed hail storm damage claim.
John Griffith — principal of The Griffith Law Group, a McAllen-based firm — filed the lawsuit in Hidalgo County District Court against Texas Lloyd's Co., which is a subsidiary of USAA, alongside Boerne insurance adjuster AllCat Claims Service LP. The lawsuit claimed the defendants...
I do not usually comment on tort cases. However, I recently came across Westchester Hills Gold Club v. Panken, 2017 N.Y. Slip Op. 30045(U) (New York Co. Jan. 10, 2017), which many readers may find of interest. Download Westchester Hills v. Panken NY County 2017 This is one of a rare set of legal malpractice cases that arose in the context of a labor arbitration.
In this decision, the court refused to dismiss a legal malpractice case involving advice given by management lawyers in both a disciplinary...
A public consultation regarding Section 40 of the United Kingdom’s Crime and Courts Act of 2013 was completed last week. The highly contentious law was created in response to a legal inquiry that recommended judicial and other legal remedies should be made more readily available to members of the general public. Under Section 40, low-cost arbitration proceedings would be offered to libel claimants through a government-approved press regulator such as IMPRESS or via the Independent Press Standards...
In 1874, Claude Monet exhibited a painting in Paris, an unconventional depiction of sunrise at Le Havre. "What shall we call it?" his brother asked. "Mettez 'impression'"—call it an impression—Monet replied. Impressionism got its name.
Monet rented rooms across from the Rouen cathedral façade and painted it 30 times. Each painting, with different effects of light, shade, weather, and time of day, gives one a different impression. His paintings of the seashore direct us to consider...
The Northern District of Texas has ruled new Department of Labor (“DOL”) regulations that would require financial institutions to preserve an investor’s right to bring or participate in a class action do not violate the Federal Arbitration Act (“FAA”). In Chamber of Commerce of the United States of America, et al. v. U.S. Department of Labor, et al., No. 3:16-cv-01476 (N.D. Texas, February 8, 2017), a group of plaintiffs brought a lawsuit challenging new DOL regulations that are scheduled...
Software that works on Wall Street is changing how business is done and who profits from it.
At its height back in 2000, the U.S. cash equities trading desk at Goldman Sachs’s New York headquarters employed 600 traders, buying and selling stock on the orders of the investment bank’s large clients. Today there are just two equity traders left.
Automated trading programs have taken over the rest of the work, supported by 200 computer engineers. Marty Chavez, the company’s deputy chief financial...
When AI first reached the ears of the legal market some years ago there was a flurry of stories about the end of lawyers. For years afterward and with Pavlov dogs-like automation any mention of legal AI summoned up the panicked refrain: ‘The end of lawyers is coming, the end of lawyers is coming!’
This was until law firms and corporates actually started to make use of legal AI systems, especially in the last two years and even more so last year. The clichéd refrain, now exposed to the cleansing...