• AI news from Manzama: Manzama Signals is ready for prime time. “Manzama Signals is our newest innovation designed to help firms leapfrog the competition by using proprietary algorithms to identify activities or indicators that may signal opportunities for law firms thereby helping legal professionals to better act upon opportunities. Signals employs data driven models to

Strategic Planning: If you want to know my best guess as to what’s most likely to happen next year, connect the dots from 2016 to 2017 and draw a straight line to 2018. If you want to plan for 10 years for now, good luck; I promise that between now and then there will

  • Here’s a teaser for an upcoming “robot lawyer” tool (“Lisa”) that “will enable you to create property-related legal agreements with the other party, together, helping you both find a middle ground as quickly and cost effectively as possible.”
  • This report from MIT’s Sloan Management Review and the Boston Consulting Group is an outstanding overview

  • Ready for your weekend reading? Here’s the introduction to McKinsey’s new comprehensive report on the state and future of AI. Here’s the full 80-page PDF. In typical McKinsey style, it includes case studies, a lot of useful data, a comprehensive set of references and several informative infographics. (See above.)

The legal industry is not discussed

Artificial-IntelligenceToday in Legal AI

  • Altman Weil has released its 2017 Law Firms in Transition Survey. One of the questions is: “Technology tools that incorporate artificial intelligence (AI) and machine learning — like Watson and Ross — are beginning to be adopted by some law firms. What is your firm’s stance on the use of AI tools?” With this narrow definition, only 7.5% “are already beginning to make use of these tools.” Of course, many more than this are already using eDiscovery and other forms of AI. In these survey results there is a very strong positive correlation between size of firm and use of AI tools.

and  http://economictimes.indiatimes.com/news/et-tv/how-often-do-we-encounter-artificial-intelligence-in-our-lives/videoshow/59086427.cms

and https://venturescannerinsights.wordpress.com/2017/06/08/artificial-intelligence-funding-trends-through-q2-2017/

“[AI is] doing for minds what the Industrial Revolution did for muscles.”

and https://thenextweb.com/contributors/2017/06/12/artificial-intelligence-revolutionizing-customer-management/?utm_campaign=Submission&utm_medium=Community&utm_source=GrowthHackers.com#.tnw_WavBq4R0


Continue Reading Today in Legal Artificial Intelligence

As I speak and publish on the subject of Artificial Intelligence in the legal industry, the question I am asked most often is “How do I start? What is the best way to begin my (or my firm’s) participation in this change?”

binary-1538718_640For attorneys working in law firms, the best way to begin is to is to develop an algorithm to predict which of your clients are most likely to need which of your services in the near future. (Some may quibble that this is not full blown AI, replete with neural networks, machine learning and natural language processing, but it’s a fine way to start.) The legal services potentially needed can include just about anything from a transaction (perhaps an opportunity created by regulatory changes) to a dispute (e.g., filing of a shareholder class action).

The exercise described below will make your marketing more efficient in that you will be pitching your services to those most likely to be in imminent need. It will benefit your clients in that you will not be wasting their time, and you’re likely to alert them to an upcoming risk or opportunity of which they would not otherwise be aware.

In the example of a possible shareholder class action, here are the steps I suggest you take:
Continue Reading Using Artificial Intelligence for Predictive Client Targeting