• Here, from Kira Systems, is a good primer on Contract Analysis AI. Contract Analysis Software: The Technology Fundamentals.

 

  • There’s more news about contracts re: “ABBYY®, a global provider of content intelligence services, today announced the launch of ABBYY Text Analytics for Contracts, a managed service that automatically discovers insights from contracts and leases to speed up risk mitigation, obligation analysis and content migration. With Text Analytics for Contracts, businesses can leverage the entire ABBYY technology portfolio to accelerate time-to-value and successfully implement their contract lifecycle management, robotic process automation and digital transformation strategies. The new scalable managed service uses AI to dramatically accelerate business decision-making through human-like understanding of contracts.”

 

  • Press release worth reading: Fastcase, … today announces the debut of its Artificial Intelligence Sandbox alongside several law firms, each known for their innovative and tech-forward approaches to knowledge and information management. … BakerHostetler, DLA Piper, Baker Donelson, and a host of other pioneering law firms are leveraging the AI Sandbox and participating in the developers group. Fastcase’s AI Sandbox is a customized first-of-its-kind platform that allows law firms to use artificial intelligence in a secure environment to crunch their own big data, compare it with public legal data or metadata from Fastcase, and analyze it using cognitive intelligence tools such as IBM Watson Analytics and Watson Developer Cloud.

– More details here: “Among the AI tools contained in this initial release, in addition to those from Watson, are indexing and visualization software from ElasticSearch; expert system platform Neota LogicContraxSuite, a machine learning tool for contract and document analytics from LexPredict; customized expert witness content from Courtroom Insight; and more. The platform will include legal data from Fastcase as well as docket data from Docket Alarm, which Fastcase acquired in January.”

 

  • From Crowell & Moring: “Crowell & Moring Launches Digital Transformation Practice. Team Delivers Regulatory and Business Solutions for Autonomous Vehicles, 3D Printing, Digital Health, and Other Technologies”

 

  • Norton Rose reports: “…(T)he Canadian government has begun a review of Canada’s Copyright Act with a view to keep the copyright framework current in light of digital technology. Written submissions are now being solicited from all Canadians on Canada’s Copyright Act, as the Standing Committee on Industry, Science and Technology (“Committee”) conducts its mandatory five-year review of the statute.”

And: “Global law firm Norton Rose Fulbright Global has signed up to Eagle Lab – a new law-tech incubator launched by Barclays and the Law Society. The aim of the lab is to help the UK be a leader in the field of law technology.”

 

  • Artificial Lawyer reports that, “Indian legal AI pioneer, MikeLegal, which provides legal research in areas such as IP, has now launched an NLP-driven trademark (TM) service, which offers search and an automated ‘TM watch’ capability.”

 

  • From Law.com: Reed Smith Enters the Legal Technology Market With GravityStack Subsidiary, “The firm’s new U.S. subsidiary will incubate and license legal technology, as well as offer tech counseling and managed services to law firm and legal department clients.”

 

  • When speaking about AI (e.g., yesterday), I usually start by urging folks not to get hung up on a precise definition of AI. In this piece from The ABA Journal, Jason Tashea discusses his confrontation with this ambiguity and how it will influence his reporting.

– There’s more about AI definitions in this piece from Thomson Reuters.

 

  • From Capitol Hill, specifically Congressman John K. Delaney (MD-6): “The European Union’s executive branch, the European Commission, has announced that it will increase its investment in artificial intelligence (AI) research and development by €1.5 billion and called on member states to invest €20 billion as well.” “Our economic competitors in Europe and Asia are moving forward on AI, while we stand still. I sincerely hope that today’s announcement from the EU gets the attention of Washington and serves as a wake-up call.”

 

  • This essay by Mark A. Cohen discusses disruption in the legal industry. Among his observations: “Law has become a three-legged stool supported by legal, technological and business expertise. To date, no single provider has successfully integrated the three ingredients on a scalable basis. But the evidence suggests that’s about to change.” He says change won’t occur overnight, but “The Lawyer Levee is About to Break.”