- Congrats to Artificial Lawyer for turning two today (that’s about 100 in AI years!). From AL today:
– Case Crunch Team Splits Up, CourtQuant is Born. “Simply put, it looks at old cases and predicts how new cases will likely perform based on models developed from patterns in the old cases.” Details here.
– This sponsored content from Leverton describes their product, “an AI-powered data extraction platform, that applies deep learning/machine learning technology to extract and structure data from real estate leases, financial, insurance, and more corporate documents in 30 languages.”
– Solomonic is described here. It’s a “new legal tech company provides lawyers with the ability to make data-led predictions on commercial and tax-related disputes by tapping previous case information to give a steer on possible outcomes for a new, similar case.”
- For those new to legal AI, this post from Law.com is a good, brief introduction to what law firms are up to. Looking Beyond Document Review, Legal Is Branching Out With Artificial Intelligence.
- The subject of this press release doesn’t sound like AI per se, but it’s Big Data (for a law firm). “EffortlessLegal LLC, a Chicago-based tech company bringing advanced automation and machine-learning products to the legal space, introduced today the launch of EffortlessIntake, a cloud-based product designed to automate a law firm’s intake process.”
- Citing Allen & Overy as an example, this post from HBR (A 5-Part Process for Using Technology to Improve Your Talent Management) presents several useful prerequisites for successful adoption of data-driven tech in talent management.
- Here’s a very useful guide to “litigation analytics”, including five types of these analyses and overviews of the leading vendors in the space. “The recent maturation of the foundational technologies needed to support machine learning have made advanced data analytics and sophisticated language processing possible on a scale never before seen. Using these tools, massive amounts of data can be sifted through, organized and analyzed in mere seconds.”
– On a related note, “Litigation outcome prediction has taken a further step into the mainstream with a partnership between a major litigation law firm and a start-up that presents lawyers with data on how judges have ruled in the past. Solomonic, which specialises in data science and litigation analytics, is scheduled for commercial launch in the autumn.” (Also, see post above re Solomonic.)
- Wolters Kluwer’s Dean Sonderegger prepared this post discussing where legal technologies stands on the diffusion/adoption curve. Spoiler alert: he thinks we’re pretty far along.
- Here’s the next installment of Thomas Fox’s AI, Compliance & the Value of Collaboration: Part III — AI Driving Compliance Process. “It is through this business process improvement that AI will help to drive greater business efficiency and, at the end of the day, greater corporate profitability.”
- New York Law School “will launch its Business of Law Institute in fall 2018.” Courses and programs will include “Upper-level seminars on Compliance and Bank Regulatory Matters, Smart Contracting and Artificial Intelligence, and Cybersecurity and Risk Management taught by outside experts in these fields.” More discussion here.
- This half hour from Law Practice Advisory Podcast (Artificial Intelligence: Just Plain Smart Marketing) is largely speculative regarding legal marketing.
- From K&L Gates’ Jonathan Lawrence, UK Law Commission: Smart Contract Research. “The aim is for smart contracts to be relied upon even in the absence of trust between the parties concerned. This is because they facilitate a complete symmetry of information, and a completely transparent process.”
- Valerie Kenyon of Hogan Lovells posted this piece, The connected home: From smart fish tanks to connected kitchen appliances, product companies must navigate GDPR and Product Liability Directive compliance, cyber risk, and other IoT challenges.
- Foley’s Peter Vogel posted this very brief post to their “Internet, IT & E-discovery” blog. Do you like the idea that Facebook is increasing the use of Artificial Intelligence (AI)?
- Here’s a wake-up call re China’s AI ambitions. China’s AI focus will leave US in the dust, says top university professor.
- BigLaw firms are working together to influence how blockchain technology will operate in the future. This post describes several such groups.
- Singapore Airlines has launched a Blockchain-based airline loyalty digital wallet developed in collaboration with Microsoft and KPMG Digital Village.