- In this post, Jordan Furlong discusses the future of law librarians as impacted by technologies such as AI and as roles evolve into more focus on Competitive Intelligence (here, called Market Intelligence). This article by Jordan is referenced.
- Press release: Gridlogics Launches PatSeer 360™ – IP Strategy Takes a Quantum Leap with Introduction of This Disruptive New IP Intelligence Platform. “PatSeer 360™ correlates patent data with business and legal data points to give you insights for refining your IP protection, management and commercialization strategies. The solution combines Artificial Intelligence, Big Data and immersive visualizations in a versatile and easy to use platform that requires minimum learning curve.”
- From Canadian Underwriter: Managing your client’s M&A risk with A.I. “Lawyers are using machine learning – a type of artificial intelligence in which computer software does something without being explicitly programmed to do so – to identify potential liabilities in contracts. AI lets computer programs learn from experience and identify patterns, Strategy Meets Action notes.”
- From Canadian Lawyer: Critical topics facing the legal community. “The topic of technology continues to dominate the minds of leadership in the legal community. Whether it’s artificial intelligence, whether it’s how you manage the overall data research client information, I think technology is overwhelming for a lot of firms.”
- Richard Burnham, solicitor and co-founder of Eallium CMS, posted: The ethics of lawtech. “For now, lawtech is simply a wide-ranging label that describes technology created with a view to reducing law firm overheads and/or increasing the availability of access to justice. You typically see it deployed within case management systems, document analysis algorithms, case outcome predictors, and chat bots designed to provide interim legal advice to consumers. The ethical conundrums of lawtech are many, sprouting mostly from its complexity.”
- In this podcast, Bob Ambrogi interviews Rick Merrill of Gavelytics to discuss “the product one year after its launch, how lawyers use analytics for strategic and competitive purposes, and how analytics and AI are being used more broadly in law.” LawNext Episode 12: Judging Judges – How Gavelytics’ Judicial Analytics are Reshaping Litigation.
- In Japan, artificial intelligence enters the legal field. “Artificial intelligence has moved into the world of corporate legal matters: A Tokyo-based start-up founded by young lawyers is using AI to check for omissions and mistakes in contracts, sometimes taking only one second.” “LegalForce Inc. was established in April last year, and is led by 31-year-old lawyer Nozomu Tsunoda, who quit a leading law firm to go into business for himself. Even with only seven employees, LegalForce checks contract documents such as a confidentiality agreement between companies.” Coverage here.
- Here’s an interesting article discussing the legal rights of self-aware entities. Apes, dolphins, AI??
- Two posts from Kemp IT Law in as many days! Here‘s a video titled What does the future hold for AI and product liability? “Liability will see extensive AI-influenced legal developments, especially in the areas of autonomous vehicles, robots and other ‘mobile’ autonomous systems.”
- From Osborne Clarke, Have your say | How should competition law apply to the digital economy? “…(O)ther questions look at challenges which are specific to digital markets or new technology, such as: the impact on competition of ownership of big data by a small number of big firms; the impact on competition and cartel enforcement of artificial intelligence and machine learning; and how to deal with mergers and takeovers in digital markets.”
- “Burford Capital Ltd. raised $250 million this week by selling new shares on the London Stock Exchange, the publicly traded litigation finance company announced Tuesday.” “The London-based litigation financier, which had a market cap of $5.4 billion as of Monday, said a debt issue and a private fund raise would follow “shortly.”” Coverage here.
- From Artificial Lawyer:
– UK Takes Another Step Toward Blockchain Property Register with R3. Story here.
– The Launch of the Manchester LegalTech Consortium – (…which Is Now to Be Called the ‘Manchester Law & Technology Initiative’.). Story here.
– Legal AI Platformisation Continues with Diligen/QRX Data Partnership. Story here.
– Legal AI Co. Luminance Goes After The eDiscovery Market. Story here.
– Declare Your Legal Bot! New California Law Demands Bot Transparency. Story here.
- Bullish on Blockchain, Young Phila. Lawyer Launches Boutique. Bull Blockchain Law. “His client base includes various technology industry players with some connection to blockchain technology, he said. They’re using the technology for matters in real estate, data storage, supply chain management, and even gaming. Smart contracts are the most popular business application of blockchain technology, he said. Bull said he’s already in talks with other attorneys about joining the firm, with the goal of ultimately organizing the firm into various departments for different industries.” Industry focus; smart!! Details here.
- This post (Bill Clinton: ‘Permutations and Possibilities of Blockchain are Staggeringly Great’) summarizes an interview with Clinton following his keynote address at Ripple’s annual Swell conference in San Francisco on October 1. “While Clinton acknowledged the potential of disruptive technologies like blockchain, the former president urged that economic and social policy ‘work better as positive sum games.'”
- From Dentons: Practical application of distributed ledger technology: Maintaining corporate records on the blockchain. “…(B)usinesses may want to explore implementing DLT (Distributed ledger technology)-based platforms; we believe they can increase efficiency, accuracy, transparency and security in record management and finance while minimizing cost, providing significant competitive advantages to companies that adopt this technology.”