- From Above the Law: Head-To-Head Showdown Between AI-Driven Legal Research Tools. It’s Casetext versus LexisNexis and there’s a clear winner, but I expect today’s winner will lose tomorrow as all of these applications are improving so quickly.
- “Former FBI lawyer Lisa Osofksy today allayed lingering doubts about the future of the Serious Fraud Office as she delivered her first speech as director of the agency. Osofsky, who has dual US and British nationality, affirmed that she has the attorney-general’s support to maintain the independence and prominence of the SFO over her five-year term.” … “She also wants to enhance the agency’s use of technology to help crack data-heavy cases. Osofsky cited the example of deploying an artificial intelligence robot to help check for privileged material in the landmark Rolls Royce case back in 2016. This led to an 80% saving in the area it was used.” Partners from WilmerHale and White & Case comment in the article. More here.
- “Claim Technology, a LawTech start-up pioneering a digital Claims-as-a-Service platform, has integrated their solution with leading customer messaging platform, Intercom. Law firms who use Claim Technology’s chatbot, Robin, can now empower their customers to complete tasks, share media, and get real-time answers to their questions at the point of claim.” Post from Legal Futures.
- Also from Legal Futures: Series A Extraordinaire: Insight Venture Partners takes a $50m minority stake in Kira Systems. I have generally stopped posting about investments in legal AI because they have become so common, but I will post those that are unusually large or otherwise noteworthy. “Kira, which despite being bootstrapped until now has in the past three years grown from 15 to 115 employees and counts a majority of the global top 30 law firms as customers, signed the deal with Insight Venture last week in order to exponentially (a bit of hyperbole?) accelerate its growth within the legal sector and beyond.”
- From Artificial Lawyer: Kennedys Brings India Tech Team Inhouse, Launches ‘Kognitive Computing’. “The firm said that the new team is focused on ‘rapid prototyping, application development, text analytics, machine learning and blockchain‘.”
- Also from Artificial Lawyer: Meet Tolley.Ai The World’s First Tax Bot, And Help It To Learn. “The tax group within LexisNexis, known as Tolley, has created an NLP-driven, automated tax bot that can answer questions about accounting issues and learn from the feedback you give it. It may prove to be of use to both accountants and lawyers working in this field.” Lots of details here.
- Colorado’s new consumer data protection law among the most demanding in the country. “The law establishes three key responsibilities for businesses and government entities that keep either paper or electronic documents containing Coloradans’ personal identifying information, the Colorado Office of the Attorney General says. It applies to all businesses, from one-person operations or multi-national corporations.” Details from the Denver Post here.
- Pepper Hamilton’s Daniel Sieck posted: Blockchain for the Energy Industry: Mid Market Trends – Investor Interest Is On The Rise. “While M&A deal flow remains relatively low in this sector, it is expected to increase, especially among corporate strategic acquirers seeking to obtain blockchain innovation and expertise rather than develop it in house.”