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5 Ethical Issues With Litigation Finance
December 13, 2015
The rapidly growing field of litigation finance could transform the world of litigation for the better, in a whole host of ways. But like any new and innovative area, it presents a number of ethical questions. I recently attended a conference, Litigation Funding: The Basics and Beyond, at NYU School of Law. Based on the symposium proceedings, I previously wrote about six virtues of litigation finance. Once again drawing on the conference discussions, I’d like to discuss the vices — or if not vices,...
December 13, 2015
The rapidly growing field of litigation finance could transform the world of litigation for the better, in a whole host of ways. But like any new and innovative area, it presents a number of ethical questions. I recently attended a conference, Litigation Funding: The Basics and Beyond, at NYU School of Law. Based on the symposium proceedings, I previously wrote about six virtues of litigation finance. Once again drawing on the conference discussions, I’d like to discuss the vices — or if not vices,...
“AI Lawyer ‘Peter'” Uses Bitcoin Blockchain to Authenticate Signatures
December 13, 2015
Peter is an AI-based business lawyer; service manages signature process through email, generates contracts to fit cust needs, & notarizes documents; functions currently avail incl notarization & document management, full access remains in beta for select users.
December 13, 2015
Peter is an AI-based business lawyer; service manages signature process through email, generates contracts to fit cust needs, & notarizes documents; functions currently avail incl notarization & document management, full access remains in beta for select users.
Behind the SEC’s Bet on Big Data
December 13, 2015
According to charges made public in August, the two young Ukrainians hacked into newswire services, accessed hundreds of corporate...
December 13, 2015
According to charges made public in August, the two young Ukrainians hacked into newswire services, accessed hundreds of corporate...
Toyota Starts $1B Center to Develop Intelligent Cars That Won’t Crash
December 12, 2015
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch in on the safety systems the automaker is developing to curtail car accidents that kill 1.25 million people per year worldwide. The company will also work toward making it easier for elderly drivers to hang onto their keys in aging countries...
December 12, 2015
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch in on the safety systems the automaker is developing to curtail car accidents that kill 1.25 million people per year worldwide. The company will also work toward making it easier for elderly drivers to hang onto their keys in aging countries...
Survey: Law Firms Undertaking Major IT Projects for Efficiency
December 12, 2015
Taken from PwC’s 2015 annual UK Law Firms 95 percent of firms across the pond are currently investing in major IT projects help their constituents work better. Those findings are consistent with trends in the United States, where ALM’s 2015 “Am Law-LTN Tech Survey” found that 97 percent of law firms reported a higher IT operating budget than that of the previous year. This high number is partially the result of a growing awareness that IT is critical to law firms, as 80 percent of survey...
December 12, 2015
Taken from PwC’s 2015 annual UK Law Firms 95 percent of firms across the pond are currently investing in major IT projects help their constituents work better. Those findings are consistent with trends in the United States, where ALM’s 2015 “Am Law-LTN Tech Survey” found that 97 percent of law firms reported a higher IT operating budget than that of the previous year. This high number is partially the result of a growing awareness that IT is critical to law firms, as 80 percent of survey...
How IBM’s Watson Went From ‘Jeopardy’ Champ to Business A.I. Tool
December 12, 2015
If Watson — the supercomputer first introduced via "Jeopardy" four years ago that's become a key part of IBM's business friendly story — was capable of all the great things IBM (NYSE: IBM) said it could do, then Hussey knew that data he had would find a good home. The trick would be to figure out which of Watson’s 30 cognitive APIs, each of which are trained to perform a different skill set and can learn to improve their performance, would best suit his company StatSocial's needs. So Hussey...
December 12, 2015
If Watson — the supercomputer first introduced via "Jeopardy" four years ago that's become a key part of IBM's business friendly story — was capable of all the great things IBM (NYSE: IBM) said it could do, then Hussey knew that data he had would find a good home. The trick would be to figure out which of Watson’s 30 cognitive APIs, each of which are trained to perform a different skill set and can learn to improve their performance, would best suit his company StatSocial's needs. So Hussey...
Don’t Buy Legal Documents Online Without Reading This Story
December 11, 2015
The online legal document business is booming as consumers have figured out that they can get everything from a will to a lease...
December 11, 2015
The online legal document business is booming as consumers have figured out that they can get everything from a will to a lease...
5th Annual Western Empirical Legal Studies Conference
December 11, 2015
I am delighted once again to pass along information from Joe Doherty (UCLA) about the 5th Annual Western Empirical Legal Studies (WELS) Conference at UCLA on March 5, 2016. Insofar as WELS is consciously pitched to "law and graduate students," (emphasis added) it fills an important need and presents a wonderful opportunity for interested students. Click here for more information. (Please note the 1.8.2016 proposal deadline.) *** Call for Papers: 5th Annual Western Empirical Legal Studies (WELS)...
December 11, 2015
I am delighted once again to pass along information from Joe Doherty (UCLA) about the 5th Annual Western Empirical Legal Studies (WELS) Conference at UCLA on March 5, 2016. Insofar as WELS is consciously pitched to "law and graduate students," (emphasis added) it fills an important need and presents a wonderful opportunity for interested students. Click here for more information. (Please note the 1.8.2016 proposal deadline.) *** Call for Papers: 5th Annual Western Empirical Legal Studies (WELS)...
Why is That Difficult Client So Difficult?
December 11, 2015
Maslow believed that people are motivated by unmet needs, starting at the bottom which have priority over the higher needs. Once the needs at one level are met, the person strives to satisfy the needs on the next level. When in mediation it’s important to understand how these needs are affected. The more fundamental the need the greater the response to that need. If you’re hungry enough you’ll do anything to eat. If you don’t feel safe you might work very hard, or steal, to afford a safe...
December 11, 2015
Maslow believed that people are motivated by unmet needs, starting at the bottom which have priority over the higher needs. Once the needs at one level are met, the person strives to satisfy the needs on the next level. When in mediation it’s important to understand how these needs are affected. The more fundamental the need the greater the response to that need. If you’re hungry enough you’ll do anything to eat. If you don’t feel safe you might work very hard, or steal, to afford a safe...
An Arbitrator’s Duty to Be On Time
December 10, 2015
The failure to issue an arbitration award within the prescribed time period is not a common occurrence. It certainly was not in Texas when the Sims case arose. When it does happen, the purpose and intent of arbitration—party-driven, expedient, and cost-effective means of dispute resolution—is thwarted. Despite the potential for undermining expediency in the arbitration process, courts are willing to defer to the arbitrator’s late decision unless the act of the arbitrator is so egregious as to create...
December 10, 2015
The failure to issue an arbitration award within the prescribed time period is not a common occurrence. It certainly was not in Texas when the Sims case arose. When it does happen, the purpose and intent of arbitration—party-driven, expedient, and cost-effective means of dispute resolution—is thwarted. Despite the potential for undermining expediency in the arbitration process, courts are willing to defer to the arbitrator’s late decision unless the act of the arbitrator is so egregious as to create...
