- Ark’s 2017 Legal KM Conference features a couple of sessions with AI in the title. Their programs are usually quite good, and these presenters are stellar. (Like AI, KM is all about the data.)
From BI to AI: The Knock-On Effect of Automation on Law Firm KM
Blood Sweat and Tears vs. AI Magic and Matter Profiles
- Smart Contracts Consortium. “Accord” is a software-as-a-service initiative from Clause to develop open source technology and standards for “computational contracting.” It is “set for imminent launch” and uses blockchain technology and distributed ledgers. Participants include Cooley and other law firms, Hyperledger, Clio, and the International Association for Commercial and Contract Management (IACCM).
- Law firms strutting their AI thinking and actions:
Cooley (See “Accord” above)
That article by Proskauer Rose, published in The National Review is particularly noteworthy as a very good overview of AI’s current role in contracting.
- This post presents a good overview of the application of AI to Intellectual Property law, particularly handling risk in portfolio management.
- From Forbes: These 5 Fields Will Be The First Hotbeds For Artificial Intelligence. CRM is #2, for good reasons. “The feature marketers will love the most? Next-generation CRM systems will constantly cleanse themselves of dirty data, eliminating a notorious time suck for marketers.”
SAP maintains that the hottest areas of AI are: Natural Language Generation, Biometrics, Deep Learning Platforms, and Text Analytics and NLP.
- Bootstrap Legal claims to be “The easiest way for real estate entrepreneurs to get fundraising legal paperwork done. We are 100% focused on helping entrepreneurs get fundraising quickly, affordably and safely, going far beyond simply providing templates. Get your legal paperwork done with speed and confidence so you can spend time on the things that matter.” Sounds like “better, faster, cheaper” to me!
I especially enjoyed this from their website; their Chief Document Officer is “Bootstrap Bot,” Born in 2017. Powered by Artificial Intelligence. Works 24/7. Always working on self-improvement.
- Here’s more good thinking by Ken Grady, this time about implementing AI in your firm — with your clients.
- I have written several times about governments (e.g., Singapore, China, India, Canada) getting behind AI investment. Yesterday, Taiwan held a tech forum focusing on AI.
- This article from Computerworld freshly addresses the controversy about AI eliminating jobs. Among the astute observations:
“Intelligent automation is not about entirely replacing the human element, but about elevating the role people play in operations and putting businesses on the fast track to success.”
“The human touch will continue to remain essential to orchestrating and managing different business processes, tasks, and jobs. Building the workforce of tomorrow will involve doubling down on uniquely human analytical, strategy and leadership skills that require constructive thinking and cannot be replaced with robot technology.”
“The emphasis will be on acquiring new skills that catalyse thinking, problem-solving, and delivering in smarter, more creative and productive ways. Being more digital will invariably be about being more human.”
- About a million years ago when I was transitioning my studies in electrical engineering to communications I was most influenced by a tiny book from 1948 called A Mathematical Theory of Communication in which Claude E. Shannon invented information theory — really! (“…the Magna Carta of the digital age? Whose work Robert Lucky, executive director of research at AT&T Bell Laboratories, has called the greatest ‘in the annals of technological thought?’”) Anyway, Scientific American just issued a blog post describing a new biography of the great man/mind (A Mind at Play: How Claude Shannon Invented the Information Age, by Jimmy Soni and Rob Goodman). I can’t wait to read it!