- This brief article from AALL Spectrum by Fastcase’s Ed Walters and Morgan Wright explains some of the data issues involved in law firm AI applications. Existing and near future AI applications such as contracts, legal research and ‘personalities’ are discussed. They maintain that “(i)t would be natural for the law firms’ experts in legal information, law librarians, to have a central role.”
- Here’s Part 2 of Bob Ambrogi’s Roundup of Company and Product News from ILTACON. Today, iManage, Relativity, BigHand and CaseFleet.
- Again, it’s all about the data. This article from the ABA Journal (Algorithms fall short in predicting litigation outcomes) suggests that, contrary to other posts I have made, predictive analytics regarding litigation results are not yet ready for prime time, and it’s because of data issues.
- “A group of law firms and tech companies have teamed up to develop the Agreements Network, a platform that will aid in the creation, use and sale of smart contracts for lawyers. In a press release issued Thursday, law firms BakerHostetler, LegalBono and ErdosIP, and technology companies Clause, Crowdcube, LexPredict, Libra, Mattereum, Monax, Rymedi, TransparentNode and Wolfram Blockchain Labs announced the launch of the network.” “The network is currently being tested and will launch in October, Forbes reports.” More here.
- Data61 uses IBM Blockchain for Australian smart legal contracts network: The Australian National Blockchain will allow local companies to use digitised contracts, exchange data, and confirm the authenticity and status of legal contracts. “CSIRO’s Data61 has partnered with law firm Herbert Smith Freehills and tech giant IBM to build a blockchain-based smart legal contracts network.” Details (and several related links) here.