• This is the biggest news from last week’s LegalWeek in NYC: Legaltech19: New global matter standard to provide “common language” for law firms and corporate counsel. “The Standards Advancement for the Legal Industry (SALI) Alliance is building matter coding that includes area of law and process codes, which it says will foster innovation and provide consistency for buyers and sellers of legal services – needed for better pricing and analytics.” “SALI members include: Association of Legal Administrators (founding member); Allen Matkins; Bloomberg Law; GSK; Greenberg Traurig; Holland & Knight; Honigman, Miller, Schwartz and Cohn; Husch Blackwell; Intapp; Legal Marketing Association (founding member); Level 2 Legal Solutions; LexisNexis; McKool Smith; Pepper Hamilton; Perkins Coie; Prosperoware; Schulte Roth; Shell; Waller Lansden Dortch & Davis; Wolters Kluwer.” More analysis here.

 

  • I heard these exact words at LegalWeek last week–so true: Blockchain Smart Contracts Aren’t Smart And Aren’t Contracts. Here’s the explanation by David B. Black.

 

  • Also from LegalWeek (and Inspire.Legal), here’s Bob Ambrogi’s general take on both events: Legal Tech For The Legal Elite: Observations Of Two Conferences. “Conversations about innovation in legal technology and practice continue to be stuck in the same echo chamber.”

 

  • According to CoinDesk, lawyers will be earning certificates in blockchain and cryptocurrency: Lawyers Rush In: New UNH Blockchain Program Nabs Big-Name Speakers. “(T)he program, which will feature of slew of industry players as guest lecturers – including Hester Peirce of the U.S. Securities and Exchange Commission, Ethereum Foundation researcher Vlad Zamfir and MyCrypto CEO Taylor Monahan.”

 

  • Deloitte’s tech podcast, “Deloitte On Cloud” is almost always worth the time. “This week is all about and .” Link here.

 

  • There’s more evidence of Deloitte’s tech chops here: Deloitte’s technology trends disrupting business. Post.

 

  • And if you have energy clients, check this from Deloitte: “On this , explore 8 of the biggest impacting the power & utilities industry in 2019. From to see what your organization should anticipate.”

 

  • This is from Bloomberg LawIBM Watson in Quiet Talks With Law Firms to Expand AI Offerings. Expect an announcement later this year covering US and UK firms. Hype?

 

  • This, from The Law Society GazetteTraining lawyers for tomorrow. It’s a very interesting and substantive article about the future of legal tech and women lawyers in the UK. “(L)aw firms and providers are looking at ways to improve diversity and meet new challenges concerning the role technology is playing in delivering legal services.”

 

  • Law.com’s LegalSpeak podcast postedMove Over Big Law. It’s Time for an ‘Alternative.’

 

  • And check out this podcast from 3 Geeks and a Law Blog for Cat Moon’s thoughts on tech, innovation, teaching and a bit of poetry. Good stuff. (Cat’s part starts at about the 24-minute mark.)

 

  • LawTechNews postedWilson Sonsini Launches Software Developer Subsidiary to Automate Legal Services.

 

  • It has been a while since I’ve posted one of AI’s essential mantras, ‘it’s all about the data‘. So, here’s 57 Million Reasons To Get Your Organization’s Data In Order. This one‘s about compliance, but still….

 

Law Firm Posts:

 

 

  • DechertUS Blockchain Enforcement and Litigation Update. Post.

 

 

 

  • Ward and SmithIn-House Counsel Insights: What In-House Counsel Need to Know About Blockchain. Post.

 

From Artificial Lawyer:

  • The Legal World Meets The Scientific Method at Inspire.Legal. Post.

 

  • Intuitive Automation Platform Autto Seeks to Shake Up Market. Post.

 

  • WSGR Lite? The Birth Of A New Tech-Led Business ModelPost.

 

  • Can Legal Tech Help A2J? Find Out at This PSU Fundraiser Event. Post.

 

Press Releases and other Vendor Content:

  • Synapse Technology Corporation’s Artificial Intelligence Security X-ray Platform Offers Risk and Liability Protection to Clients via DHS SAFETY Act Award. Post.

 

  • On To The Next Wave Of Analytics: A Conversation With Nik Reed Of LexisNexis. “Context is the legal industry’s only case-law language analytics tool.” Post.

 

  • AI Goes to Court: A Conversation With Lex Machina and Dorsey & Whitney (Part 2). Post.

 

  • Sparqa Legal: Platform aims to give SMEs legal advice without lawyers. Post.

 

  • Review: Analyzing Judicial Behavior Through Context on Lexis Advance. “In a product review for LTN, Sean La Roque-Doherty says reviewing judges’ rulings on motions and the outcomes of challenges to expert witness testimony in Context is like talking to a litigator steeped in practicing law before a judge.” Post.
  • Here’s a very interesting article from Oxford’s Internet Institute and Faculty of Law. It’s more than six months old, but I just found it. Artificial Intelligence Crime: An Interdisciplinary Analysis of Foreseeable Threats and Solutions. “Artificial Intelligence (AI) research and regulation seek to balance the benefits of innovation against any potential harms and disruption. However, one unintended consequence of the recent surge in AI research is the potential re-orientation of AI technologies to facilitate criminal acts, which we term AI-Crime (AIC).”

 

  • Baker McKenzie helped score a crucial win for Volt Bank, which has become the first Australian neobank to be granted a full banking license. “This is likely to drive materially improved banking services and further fintech innovation. It unlocks access to state-of-the-art software in the context of AI and data analytics in the banking space….” Story here.

 

  • AI patents: Who Profits From AI? It’s Getting Harder to Find Out. “The U.S. Patent and Trademark Office is making it increasingly difficult to obtain legal protections for inventions related to AI, a field that encompasses autonomous cars, virtual assistants and financial analyses, among countless other uses. The agency, seeing an influx of AI applications, is grappling with how to comply with a law that PTO Director Andrei Iancu has called ‘anything but clear’.” Story here.

 

  • This, from Bloomberg: Artificial Intelligence Creeps Into Big Law, Endangers Some Jobs. “Major law firms are preparing to incorporate AI at a speedier pace than ever before in 2019, as the anticipated industrialization of legal services picks up steam. Client pressures have been mounting on law firms—often slow technology adopters—to address concerns that old tech is keeping bills unnecessarily high. Clients are demanding that firms use AI-infused tools to speed work, lower costs, and provide better information.”

 

  • MyCase’s  postedI, For One, Welcome Our New Robot Lawyer Overlords. “Ready or not, the robot lawyers are coming. Or not. It really depends on who you ask.”

 

  • Here’s an innovative ALSP idea: What Happens When Legal Tech Meets Blockchain. “The result was a creation of an online platform that provides entrepreneurs with an access to a global network of ‘Legal Nodes‘– competent tech-savvy legal experts worldwide, from which businesses can “mine” relevant information to ease their journey through complex data sets of law, just like one would normally mine Bitcoin by connecting to thousands of nodes worldwide.”

 

From Artificial Lawyer:

  • Kerrrrching..! DISCO Bags $83m Investment – Now Has $125m in Total – A World Record. Post here.

 

  • The Global Legal Hackathon Is One Month Away – Get Your Teams Ready! Post here.

 

  • Insurer ARAG Links With LawDroid In Legal Bot Project World First. Post here.

 

Law Firm Posts:

  • From Tim Watkins of Coffin Mew: Will AI replace lawyers? Assessing the potential of artificial intelligence in legal services. “To suggest that this symbolises the imminent end of human lawyers is perhaps leaping to a hasty conclusion. But it does raise a number of interesting questions. Are lawyers – or indeed any professional advisers and service providers – ultimately replaceable? And if so, how, where, and to what extent?” Post here.

 

 

  • This post is from Skadden’s John Adebiyi Pascal Bine Matthias Horbach Dmitri V. Kovalenko Jason Hewitt and Mikhail KoulikovForeign Investment Control Reforms in Europe. “Key sectors that will be subject to the framework are: critical infrastructure, critical technologies (e.g., artificial intelligence (AI), robotics, semiconductors, dual-use, cybersecurity, space, nuclear), critical inputs, sensitive information, media, land and real estate, water supply infrastructure, data processing and electoral infrastructure.”

 

Press Releases and Sponsored Content:

  • ContractPodAi launches Salesforce App as it continues its push outside the legal function. Release here.

 

  • Building a Brilliant Brief Library: Your How-To Guide. “In this article, we’ll cover the basics of building your own brief library, from tips on finding the best available documents to developing winning strategies to stay one step ahead of opposing counsel in litigation.” This piece is by Josh Blandi of UniCourt.

 

  • Tikit Carpe Diem introduces Intelligent Time. “(Which) interprets free form text and / or dictated notes and converts it (using Natural Language Processing), into structured and fully validated time entries. It turns unstructured data into structured data by converting attorney’s thoughts into fully formed time records.” Release here.

 

  • Litigation In The Age Of Big Data: How Everlaw Is Tackling The Most Complex Technical Issues In eDiscovery. “As technology continues to evolve at a rapid pace, lawyers and eDiscovery professionals are seeing their workloads and challenges expand.” Post here.
  • How far have smart speakers come? Amazon has 10000 employees dedicated to Alexahere are some of the areas they’re working on. Speaking of Alexa: Amazon team taps millions of Alexa interactions to reduce NLP error rate. Story here. (Ask yours who will win the Super Bowl.)

 

  • This is kinda fun from Above the LawYou’ll Eat A McRib, But You Won’t Try Machine Learning? What Gives?

 

  • Here’s some A2J news from Mary JuettenFree Legal Research For All: AnyLaw. “AnyLaw was established to provide a no-cost alternative solution to the unnecessary – and exclusionary — expense of legal research.”

 

  • I have friends and relatives who are GMU grads, so here’s George Mason students have a new dining option: Food delivered by robots.

 

  • This story is from Singapore’s Channel NewsAsia: The Big Read: Rise of the machine — how technology is disrupting Singapore’s law firms. “Singapore is playing catch up to embrace technological adoption in the legal and judicial world. Legal professionals say tech may also reduce the number of legal roles.”

 

  • It seems the US government shutdown is impacting AIChina To US Tech Investment Plunges 79% To Lowest Level In 7 Years Amid DC Crackdown. “In the BAT’s case, that means U.S. transactions centered on artificial intelligence, e-commerce and games — exactly the sorts of deals they made in the U.S. during 2018.” Story here.

 

  • This, from the WSJDriverless Cars Tap the Brakes After Years of Hype. “Developers take a more cautious, low-key approach in testing and talking about autonomous vehicles after Uber crash.”

 

  • And there’s more about autonomous vehicles in this article:How AI Is Transforming The Next Generation Of Vehicles. “The headliner of this year’s CES in Las Vegas wasn’t the futuristic concepts of robocars. Instead, it was the production-ready technologies that will infuse AI into the next generation of cars for safer, more efficient driving in the near term.”

 

  • From the always astute Jordan Furlong, this pieceWhy law firms need to think differently – and smarter – about AI. “…(W)e need to go back to basics and deconstruct what we are trying to achieve with this technology, and why.”

 

  • This NYT story is thought provoking: How Do You Govern Machines That Can Learn? Policymakers Are Trying to Figure That Out. “The subject was artificial intelligence, and his students last week were mainly senior policymakers from countries in the 36-nation Organization for Economic Cooperation and Development.”

 

  • This ABA piece is a well-annotated deep dive into several of the big issues in legal AI: Pros and Pitfalls of Artificial Intelligence in IP and the Broader Legal Profession. “(S)trong and efficient practitioners must learn to harness the power of AI, but must be wary of overreliance on these technologies.”

 

Law firm posts (blockchain included):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • This is a large and useful post from Gibson Dunn: Artificial Intelligence and Autonomous Systems Legal Update (4Q18).

 

  • Megan Seabourne of British law firm VWV, this postWould you trust a robot to write your will? “More than seven out of ten people would not want their will to be drafted using artificial intelligence (AI), according to VWV’s latest survey and as law firms are increasingly adopting AI in legal matters.”

 

  • Sunil Thacker senior partner at Dubai’s STA is heavily quoted in this pieceSpace, AI, renewable energy to get priority as sectors open for more foreign investment in 2019.

 

From Artificial Lawyer:

  • Artificial Lawyer Announces Launch of Legal Innovators Conference. Post here.

 

  • Neota Logic Partners With Actuate Law To Develop New Legal Tech Tools. Post here. More coverage here.

 

  • CLOC London – Getting To Grips With Data + Better Contracting. Post here.

 

  • M&A Due Diligence Will Get Much Faster – Survey by OCR Co. Merrill. Post here.

 

  • Law Company Elevate Buys Yerra Managed Legal Services Co. As M&A Binge Continues. Post here.

 

  • Mitratech Launches TeamConnect Essentials in Legal Ops Drive. Post here.

 

  • Disputly – Solving the Consumer Legal Challenge One App at a Time. Post here.

 

Press Releases and sponsored content:

  • From ThoughtRiverTurning The Future Vision Of The GC Into Today’s Reality. “Access our new eGuide to discover how automated contract pre-screening technology can transform the role of the GC’s team – and therefore business performance.” Release here.

 

  • Also from ThoughtRiver: Why has the legal profession been slow to embrace AI technology? Release here.

 

  • Actuate Law Debuts New Legal Tech Subsidiary, Quointec LLC. “Quointec will collaboratively build next-generation legal and compliance tools that leverage artificial intelligence (AI) to provide clients with innovative and more cost-effective solutions.” Release here.

 

BLOCKCHAIN:

  • Here’s some news re blockchain payments: MIT, Stanford and others to build blockchain payments network to rival VisaNet: “Seven universities are collaborating to create a blockchain-based online payment system that will solve issues of scalability, privacy, security and performance, enabling up to 10,000 transactions per second.”

 

  • This, from MarketplaceThe blockchain is coming to Wall Street. “(F)uture ICOs and their digital coins might start to look a lot more like good old-fashioned stock, except traded on the blockchain. And that has big ramifications for Wall Street.”

 

  • Here are the findings of a statistically reliable survey: Deloitte’s 2018 Global Blockchain Survey: Blockchain Is “’Getting Closer To Its Breakout Moment’. “…(O)ut of all of the participants surveyed, 65% reported that their organization will invest $1 million or more in blockchain technology in the coming year. The enterprises with the largest investments will be coming from Mexico, France, and Canada respectively.”

 

  • Securitize To Join IBM’s Blockchain Accelerator To Modernize $82T Corporate Debt Market. Story here.

 

  • CanadianLawyer publishedBlockchain justice. “Crypto-currency and blockchain will increasingly be the subjects of litigation in Canada.”

 

  • Crude oil is about to be traded on a blockchain platform backed by five of the top 10 oil companies.Chevron, Total and Reliance Industries are backing VAKT, a digital platform for crude oil trading based on blockchain that launched late last year. They join a consortium of investors that includes BP, Royal Dutch Shell and Equinor as well as traders Gunvor, Mercuria and Koch Supply & Trading.” Story here.

 

  • Speaking of oil & gas, here’s a piece that probably belongs above under AI, but here it is! The Incredible Ways Shell Uses Artificial Intelligence To Help Transform The Oil And Gas Giant.
  • Legalweek (formerly Legaltech) is just a few days away, so here’sA Beginner’s Guide To The Biggest Week In Legal Technology.

 

  • Data & Analytics: Transforming Law Firms” has just been published by ALM Intelligence and LexisNexis. Here’s an executive summary and link to the report.

 

  • Here’s a fresh essay about law firm innovation from  of Thomson Reuters Legal Managed ServicesGreasing The Gears Of Legal Commerce — Automatic, Systematic, Hydromatic (alt.legal) Innovation. “CLOs indicated that nearly 25 percent of outside counsel fees are “price-insensitive.”

 

  • The Big 4 continue their relentless march into legal. I skip most of these posts, but this one specifically mentions AI: KPMG expands Asia Pacific legal services. “It will also offer technology enabled legal services, using robotics, artificial intelligence and other technologies developed globally and in China through the KPMG digital ignition centre.”

 

  • This is an interesting post by Charles P. Edwards of Barnes & Thornburg: The Noisy Business of the Law and Insurance Claims. “…(T)he idea we humans are needed for most decisions is an ‘illusion.'”

 

  • Here’s a good example of a law firm (Amsterdam’s De Brauw) using tech as a differentiating marketing strategyHop on board and experience the value of legal tech and project management.

 

  • Bob Ambrogi posted this 47-minute podcast: LawNext Episode 25: Using AI to Enhance Virtual Receptionists, with Smith.ai.

 

  • From Arup Das of Alphaserve Technologies, here’s an interesting discussion of the age-old build vs. buy conundrum: How to Approach Legal Innovation: Options for Every Firm.

 

  • This is a thought-provoking post: Can Deepfakes Pose a Cybersecurity Threat to Legal? ““Deepfakes are real and emerging as an issue but they, like certain types of technology, could emerge very quickly; we talk about this today and it could be a very big deal in six months or it could be nothing,” Reed Smith’s Stegmaier cautioned. “We simply don’t know.””

 

  • This hour-long podcast is from the Lawyerist: “In this episode with Natalie Worsfold, we talk about her law firm’s approach to law practice, and why more firms aren’t following suit. We start by asking Natalie what problem Counter Tax was trying to solve, then explore how they solved it, what their solution does now, and the plans they have to evolve and grow their solution.”

 

  • This is an idea I have been kicking around for a while. Nick Hilborne gives it the thought I believe it’s due: “Reproduction of the legal profession” at risk from automation. “If junior associates are ‘gradually culled’ from law firms as a result of automation, the entire reproduction of the legal profession could be jeopardised….'” And here’s a US write up of the same issue: Junior Lawyers Are Going Extinct And Nobody Knows What To Do About It.

 

  • AI Goes to Court: A Conversation With Lex Machina and Dorsey & Whitney. Post here.

 

From Artificial Lawyer:

  • The Benefits of the LexisNexis LegalTech Accelerator. Post here.
  • EY and Artificial Lawyer Hold Legal Ops + Technology Event.  Post here.
  • Slaughter and May Names 3rd Fast Forward Cohort, Inc. Blockchain Co. Post here.
  • Meet ATJ Bot – The World’s First Legal Aid Voice Assistant. Post here.
  • How to Build Your Business Case For Contract Management – The Juro Guide. Post here.
  • Oz + NZ Professional Services Startup of the Year Award Launched. Post here.
  • Legal AI Co. CourtQuant Predicts Hard Brexit Impact on British Law. Post here.
  • Christian Lang + Former TR Boss, Tom Glocer, Join Reynen Court. Post here.
  • GCs Keen To Embrace Tech Tools + Legal Ops Skills – Survey. Post here. (Note: This story is based on a survey where n=80. Assuming no other methodological problems [big assumption!], this means that in all of the findings each number is well within the margin of sampling error of the statistics above and below it on the graphs.)
  • Meet Fincap Law: A New Tech-Driven Firm For the New Legal Era. Post here.

 

Posts by Law Firms:

 

 

 

 

 

  • Eric A. Klein and Aytan Dahukey of Sheppard Mullin posted: Day 2 Notes From The 2019 JPMorgan Healthcare Conference. “We are seeing a lot of healthcare entities starting to focus on precision medicine – artificial intelligence suggesting which oncology drug works best for your specific genetic condition and cancer – but that essentially is a transactional function. And the market really wants a partnering function ” Post here.

 

 

 

  • From Reed SmithDraft ethics guidelines for trustworthy artificial intelligence published by the European Commission. Post here.

 

 

  • Akin Gump postedPolicymakers Focused on Artificial Intelligence, Write Akin Gump Lawyers in The Journal of Robotics, Artificial Intelligence & Law.

 

  • Hogan Lovells postedLitigating intellectual property issues: The impact of AI and machine learning.

 

Press Releases and sponsored posts:

  • Here’s a thorough explanation of Gavelytics: Want Better Litigation Outcomes? Know Your Judges. “…(W)ith Gavelytics, you finally get the quantifiable and reliable judge information you need to customize your litigation strategy and increase your chances of winning.”

 

 

  • Gibson Dunn launches AI and automated systems group. Post here.

 

  • The world’s first virtual lawyer, built for Amazon’s Alexa, tests whether lawyers will be replaced by robots. “Australian legal-technology company Smarter Drafter have announced a prototype virtual lawyer, built on Amazon’s Alexa, that creates legal.” documents instantly, just like a real human lawyer. Here’s the Smart Drafter release. Hype much?? And then there’s this: “No date has been set for the release of the first working Alexa integration.”

 

  • HaystackID Acquires eDiscovery Managed Services Provider eTERA, Release here.

 

  • Legal IT Newswire New Product News… Alphaserve Technologies launch Execution as a Service. Post here.

 

  • I’m including this because I used to work there! Am Law 200 Firm Lewis Roca Rothgerber Christie Selects Litera Desktop, Litera Microsystems Full Document Drafting Suite.

 

Blockchain

 

 

 

 

  • From the Baker & Hostetler Energy BlogNew Blockchain Products, an FBI Raid, the $11 Billion Bitcoin Case, Hackers Strike With a 51 Percent Attack and Crypto Tax Analysis. Post here.

 

 

  • Here’s a deep dive into the legal services offered by Oath ProtocolThe Lay of the Land in Blockchain Dispute Resolution and Governance Designs.

In just two weeks, Legalweek 2019 will kickoff in NYC with all-day workshops on Artificial Intelligence and Blockchain. I wish I could attend those, but I’ll be participating in the Competitive Intelligence Workshop down the hall.

  • Check out this post by Mark Dibble of HighQ: How to Unlock a Firm’s Data Potential. Drawing on Andrew Baker of HBR Consulting’s idea of “Dark Data“, he does a good job of illustrating how firms miss many opportunities to leverage the data they already have.

 

  • And also check out this insightful post from Joanna Goodman: Two tribes go to war. “I recently watched Mary Poppins Returns and found the same lawyer stereotype. The first indication that Mary Poppins’ help is needed is when two lawyers knock on the door to give the Banks family an immovable loan repayment deadline. These fictional lawyers are inflexible until they ultimately realise that they are on the losing side – when they change their tune. This 2018 movie depiction is almost an allegory for legal AI and innovation, with lawyers and commentators gradually changing sides, so that eventually they all claim the ‘correct’ prediction.”

 

  • An issue with AI has long been the “black box” nature of its decisions. This is especially problematic when it comes to assigning liability in court. According to this article, Google is making some progress in this regard: Google Brain Built a Translator so it Can Explain Itself.

 

  • Here’s a good explanation of how chatbots can be used in law firms, from A2J to corporate clients: Chat show: How chatbots can grow your business.

 

  • Michael Heric and Neal Goldman of Bain & Company postedCorporate Legal Eagles Start to Embrace Artificial Intelligence. “Legal groups committed to accelerating their digital journey need to find a practical path that balances opportunities with the realities of the organization’s current digital maturity, investment budgets and the cultural transformation required.”

 

  • Ari Kaplan interviewed Suffolk Law’s Gabe Teninbaum for this post: Reimagining Innovation In Legal Education. “…(B)eing capable with technology is now a core responsibility for all practicing lawyers.”

 

  • A2J: Here’s a bit of the history about how Legal You is being used within the law firm Navigating The Courts: Legal You.

 

  • From Today’s Conveyancer we haveArtificial Intelligence Within The Legal Sector. It’s a summary of the SRA (Solicitors Regulatory Authority) report on Technology and Legal ServicesReport here.

 

  • Pepperdine Law’s Dean Paul Caron posted: How Law Schools Are Using Virtual Reality In The Classroom. “The University of Kansas School of Law, like a growing number of law schools across the nation, is starting to teach its students cutting-edge quantitative subjects such as data analysis and artificial intelligence.”

 

  • This post is from ComputerWeeklyArtificial intelligence qualification helps law firm implement AI-powered business systems. “International law firm Taylor Wessing is implementing artificial intelligence (AI) across the organisation and wants to ensure staff have the necessary skills to make the most of the technology.”

 

  • AI Litigation Analytics: A Fad Or The Future? A dive into . Article here.

 

  • (These) findings come from a survey conducted in the ABA’s 2018 Legal Technology Survey Report, with 900 respondents from across the nation and at firms of various sizes”: ABA Survey: Only 10 Percent of Law Firms Are Currently Using AI. (Take these results with a large grain of salt as the answers depend on how the respondents interpreted AI; if one rightly includes eDiscovery as AI, these numbers grossly understate actual use.)

 

From Artificial Lawyer:

  • Singapore to Launch Automated Litigation Work Platform For Prosecutors, Set to Embrace AI. Post here.

 

  • Linklaters + Deloitte Join £0.5m FinTech Financial Inclusion Project. Post here.

 

  • Anatomy of the LawGeex Rebrand, From Legal AI to Lawstars! Post here.

 

  • Autto: Pioneering Legal Workflow Automation – A Video Explainer. Post here.

 

  • Atrium: ‘Using Tech to Amplify the Talent of Lawyers, to Help the Clients’. Post here.

 

Law Firm Posts:

 

  • This, from Squire Patton Boggs’ Francesco Liberatore and Barry A. Pupkin: AI’s Impact on Antitrust and Competition Law Issues.

 

  • Gibson Dunn posted this piece: The Impact of the New USPTO Eligibility Guidelines on Artificial Intelligence-related Inventions.

 

  • From Crowell & Moring: Crowell & Moring Releases 2019 Litigation Forecast: What Corporate Counsel Need to Know for the Coming Year. “The Forecast takes a deep dive into how technology is increasingly having a profound impact on the practice of law, and in particular on litigation case strategy.” Post here.

 

  • STA Law Firm posted: Artificial Intelligence In Healthcare Sector In UAE. Post here.

 

 

 

 

 

Press Releases and Sponsored Posts:

  • ADP, Toronto startup bring employment law insights to HR with AI-powered tool. Post here.

 

BLOCKCHAIN

  • This, from MIT Technology Review: Hate lawyers? Can’t afford one? Blockchain smart contracts are here to help. “…(T)he two biggest players in the market—Rocket Lawyer and LegalZoom—are experimenting with blockchain smart contracts. In theory, they could help automate a vital part of the process and make some legal services easier and cheaper to use for everyone.”

 

  • Coindesk publishes a lot in this space, this post for instance: Lawyers Rush In: New UNH Blockchain Program Nabs Big-Name Speakers.

 

Who is Supporting And Who is Opposing Blockchain?

  • Against: China will now officially try to extend its Great Firewall to blockchains. “The Cyberspace Administration of China (CAC) will require any “entities or nodes” that provide “blockchain information services” to collect users’ real names and national ID or telephone numbers, and allow government officials to access that data. It will ban companies from using blockchain technology to “produce, duplicate, publish, or disseminate” any content that Chinese law prohibits. Last year, internet users evaded censors by recording the content of two banned articles on the Ethereum blockchain.” Article here.

 

  • Supporting: Douglas County, Washington: After the bitcoin bust and a local bankruptcy, Douglas County doubles down on blockchain. Post hereWashington’s Douglas County is Looking to Build a Blockchain Innovation Campus. Post here and here.

 

  • Supporting: Blockchain Research Now Granted Tax Credit in South Korea. Details here.

 

  • Supporting: Canada: Government of Canada welcomes DENSO Corporation’s Innovation Lab to Montréal, Quebec. Story here. (It’s really AI, but this seemed like a good place to put it.)

 

  • Supporting: Washoe County, Nevada: From Artificial LawyerUS State Officially Starts Using Blockchain for Marriage Certificates.
  • Here’s a good summary of tools from This Tech Can Turn the Tables in Litigation. “If you can eliminate some of the chance from litigation, if you can bring a higher level of certainty to litigation, why wouldn’t you? Indeed, you might even ask yourself, ‘Is it malpractice not to use analytics?‘”

 

  • Also from Bob: LawNext Episode 21: Blockchain, Smart Contracts and the Future of Law, with Casey Kuhlman of Monax. It’s a 45-minute interview sponsored by MyCase.

 

  • In this short post (Blockchain: Resources To Get On Top Of This Technology), Olga V. Mack offers several good tips for learning about blockchain. “What follows is a compilation of resources in no particular order that I and many other professionals have found useful.”

 

  • This, from EY: Companies ready for leases standard, but only with help, finds EY 2018 Lease Accounting Change Survey. “Automation is a long-term goal, with artificial intelligence (AI) playing an important role. More than 80% of companies are working toward designing a long-term automated solution, with only 5% saying they will use a manual, spreadsheet-based approach long term. Interestingly, more than half (51%) who are implementing automation say the solution includes using AI to identify and abstract lease data.”

 

  • The International Association of Privacy Professionals (IAPP) publishedShould we create a certification for AI ethics? “Matthew Stender, a Berlin-based tech ethicist and researcher: ‘…(C)ertainly in the U.S. — regulators’ hands were tied by trade secret laws and the ‘speech is code’ model. ‘For me, the idea of voluntary technical standards provide an interesting alternative to national legislation,” he said.'”

 

  • From Littler: Thought Leaders Predict AI’s Impact on the Workforce. “The consensus of Roundtable participants is that while automation is likely to displace workers in many occupations, it also will spur enormous demand for workers in both existing fields and in new occupations that technological change will generate.” The seven-page report is here.

 

  • Lord Chief backs “smartphone justice” but not so keen on AI. “There is no reason why our online courts and justice systems cannot deliver effective and accessible justice direct to the citizen. Both the Lord Chancellor and I (Lord Chief Justice Burnett) are in agreement on this.” “AI, however, is one area where, while much has been done, we are in the foothills, rather than the uplands, of understanding how and where it can properly be utilised.” More here.

 

  • From Emilie Ducorps-Prouvost of Soulier AvocatsLabor Law And The Challenges Of Artificial Intelligence: 3rd Part Of A Trilogy. “Labor and employment law should be used as a legal tool to steer the obvious changes brought by AI in the workplace.” The article and links to first two parts here.

 

  • Detroit Legal News published: Artificial intelligence in health care: What you need to know. The article includes specific applications and general discussion. And: “It’s all about the data“. “There’s no question that AI can process and analyze information at a rate far beyond any human capacity, but human intellect still remains a key component-not just in further training the algorithm or interpreting the information that’s presented, but in making the connections as how to best use that information in the future.”

 

  • Giangiacomo Olivi of Dentons postedArtificial Intelligence meets AdTech: digital disruption, data privacy and future perspectives. “AI will boost AdTech one-step further and introduce scenarios that will challenge current legal and industry standards, while requesting new and more dynamic approaches to online advertising. So, how is this going to happen and at what future perspectives should we expect?”

 

  • Here’s an interesting essay from How AI and analytics made the billable hour redundant. “If predictive analytics and AI kill off the billable hour for good, they may also prove to be the saviour of a profession that has been under pressure to change for years.”

 

  • Cadwalader postedLabCFTC Explains Functionality And Risks Of Smart Contract Technology, but did not include a link to the report, which I found here. It’s a pretty deep dive (32 pages).

 

  • Tiffany Quach and Stéphanie Martinier of Proskauer postedIs Blockchain Technology Compatible With GDPR? French Data Protection Regulator Provides Guidance. “To address tensions between blockchain technology and the GDPR, Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection regulator, published an initial report analyzing certain fundamental questions regarding the interaction between blockchain technology and the GDPR’s requirements (the “Report”). The Report was the first guidance issued by a European data protection regulator on this topic.”

The biggest story in AI this week is the launch in China of an AI (“Digital Human”) news reader/anchor person. It’s certainly not Uncle Walter, but at first glance it’s pretty convincing. “The Chinese AI anchor man looks very much like the average Chinese citizen, a typical Chinese guy with that oddly intellectual look. He looks reassuring, made for his market like most news readers’ images are supposed to be.” Coverage here, here, here and video here. “There’s fake news, and then there’s fake people doing the news.”

In related news, Microsoft has developed AI that goes beyond the now well-established systems that write news articles. “Condensing paragraphs into sentences isn’t easy for artificial intelligence (AI). That’s because it requires a semantic understanding of the text that’s beyond the capabilities of most off-the-shelf natural language processing models. But it’s not impossible, as researchers at Microsoft recently demonstrated.”

 

  • Read this post from Artificial Lawyer. It provides some excellent insights from the heads of legal departments in some major corporations as to where the industry is headed and why. Legal Is Not ‘Special’ – Key Message of TR Legal Tech Procurement Event.

 

  • Artificial Lawyer (AL) has begun to do product reviews. The first company to be reviewed is Kira Systems, and here is the link. It’s not actually a link to a review, but rather a call for users to review the product according to specified criteria which will then be reported. Cool.

 

More posts from Artificial Lawyer:

– BCLP Launches ML Early Dispute Evaluation Service. “Clear/Cut harnesses the firm’s award-winning in-house forensic technology capability.” More here.

– Big Data Startup Concirrus Wins Norton Rose InsurTech Prize. Details here.

– Using AI Contract Analysis to Prepare for Brexit – Seal Software. More of this sponsored post here.

 

  • Blank Rome publishedWill “Leaky” Machine Learning Usher in a New Wave of Lawsuits? in RAIL: The Journal of Robotics, Artificial Intelligence & Law. “…(I)t seems all but inevitable that some of those (AI) systems will create unintended and unforeseen consequences, including harm to individuals and society at large.”

 

  • Law.com posted this news from Byran Cave: New Data Analysis Service Could Help In-House Clients See the Future. “…Clear/Cut leverages predictive coding and machine learning to comb through massive amounts of data and pluck out key information for legal analysts, who use the data to recommend whether clients should settle or forge ahead with litigation.” More here.

 

 

  • From Laura H. Phillips of DrinkerThe FCC Wades into the Artificial Intelligence (AI), Machine Learning Pool. ” Federal Communications Commission Chairman Ajit Pai issued a Public Notice announcing a first ever FCC Forum focusing on artificial intelligence (AI) and machine learning. This Forum will convene at FCC headquarters on November 30.”

 

  • This, from Jonathan BockmanRudy Y. Kim, and Anna Yuan of MoFo: Patenting Artificial Intelligence in the U.S. – Considerations for AI Companies. “…(C)ertain AI technologies can face increased scrutiny at the U.S. Patent and Trademark Office (USPTO) with respect to whether the invention is directed to patent-eligible subject matter.”

 

  • James M. Beck of ReedSmith publishedThe Diagnostic Artificial Intelligence Speedbump Nobody’s Mentioning. This is a very interesting and thorough treatment of the FDA’s regulations and the need for more.

 

  • Canada’s Torys published: Software As Medical Devices And Digital Health In Canada: What’s Next? Link here.

 

  • From Pillsbury’s Ashley E. CowgillArtificial Intelligence: A Grayish Area for Insurance Coverage. Download here from The Journal of Robotics, Artificial Intelligence & Law Vol. 2, No. 1.

 

  • Here’s an interesting post by Ian Connett of QuantumJuristA Future of J.D. Advantage Jobs? (“J.D. Advantage” jobs are those for which a law degree is strongly preferred, but not necessarily required.) As you might expect, the answer is “yes”, and the specific examples he presents are interesting.

 

  • “Amazon Web Services (AWS), Amazon’s on-demand cloud computing subsidiary, was partially HIPAA eligible — AWS customers could use Polly, SageMaker, Rekognition, and dozens of the platform’s other offerings to process health information. But Translate, Comprehend, and Transcribe remained notable holdouts — until now, that is. As of this week, all three comply with HIPAA.” Story from Venture Beat here.

 

  • Dentons has published this Market Insights volume titled: Digital Transformation and the Digital Consumer. There’s a chapter on AI and much of the content is AI-related. There’s a video excerpt here.

 

  • LeClairRyan has published Airplanes and Artificial Intelligence Parts I and II. “…(A)pplications for AI in aviation and its effect on the legal liability and regulation of those who use it.”

 

  • From Hogan Lovells, here’s a link to download Artificial Intelligence and your business: A guide for navigating the legal, policy, commercial, and strategic challenges ahead.

 

  • Milena Higgins of Black Hills is the guest on this episode of Legal Talk Network’s “Legal Toolkit”: Robot Takeover: How Automation Makes Law Practice Easier.

 

  • Here’s Part 4 of Mintz’ Strategies To Unlock AI’s Potential In Health Care, Part 4: How And When Will Congress Act?

 

  • At two events in the past 30 days I’ve been part of discussions about law firms acquiring tech companies. Here’s an example: Singapore law firm Rajah & Tann acquires e-discovery startup LegalComet.

 

  • “Nalytics, is working with Strathclyde University’s Law School post-graduate students on a new project dedicated to promoting digital transformation in legal education. By providing free access to the Nalytics search and discovery platform to students on the Diploma in Professional Legal Studies, the project aims to help students develop a greater understanding of legal technology and more importantly, its applications in tackling a range of big data problems.” Story here.

 

  • This article from S&P Global Platts (Commodity market AI applications are emerging along with new risks) cites partners at several prominent law firms among others. “Artificial intelligence and smart contract technology like blockchain are slowly being adopted by commodity markets, creating opportunities to streamline trading and other functions, but not without introducing challenges and risks experts said Thursday.”

 

  • Exterro has issued the results of another survey. (2018 In-house Legal Benchmarking Report. There’s a link here.) All that is presented regarding the methodology is “…with over 100 respondents (more than ever before), this year’s report surveys a wider distribution of companies, including more from organizations of fewer than 25,000 people than in the past.” So, I’m assuming there are 101 respondents, making the typical margin of error error about +/-10%. Given the wide range of company sizes (1 to 250,000+ employees) and the fact most fall into one size category (1,000-25,000 employees), I don’t see how there can be much useful information anywhere in the report. Law.com talks about it (without regard to the methodology) here.

 

  • Here’s another industry survey. (The Blickstein Group’s 10th Annual Law Department Operations Survey.) This one has 128 respondents this year, but reports data back to 2008 when they had only 34 respondents. This year’s stats are probably accurate +/-9% which means that many of the differences reported are actually in a statistical tie, and the prior year data with very small samples should be ignored. Above the Law includes a summary by Brad Blickstein here without comment on its methodology. When combined with the included content by vendors and law firms, I see this study as the equivalent of an interesting focus group — just don’t take the statistics seriously.

 

  • I find it interesting that this post from Kyocera BRANDVOICE in Forbes (Can The Right Office Equipment Improve Our Legal Culture?) has a section on AI. They include AI as “equipment-related”.

 

  • Here, from the New York Times DealBook is a thorough examination of the bias present in today’s artificial intelligence:  AI: The Commonality of A.I. and Diversity. (It’s written by Alina Tugend)

 

Blockchain

  • This, from ContractWorks: Are Your Contracts in Chaos? Get Organized with These 4 Tips.

 

 

Also from Artificial Lawyer:

Smart Contract Pioneer OpenLaw Goes Open Source. Story here.

  • This story has received VERY wide coverage, with headlines including:

Stephen Schwarzman Makes Anchor Gift For New $1 Billion School Of Artificial Intelligence At MIT;

MIT announces $1b outlay for study of artificial intelligence, computing; 

M.I.T. Plans College for Artificial Intelligence, Backed by $1 Billion;

MIT commits $1 billion to make AI part of every graduate’s education;

M.I.T. wants to build an AI-focused college using a ‘planned investment’ of $1 billion.

From Simpson Thatcher: “The Firm represented Blackstone Chairman and CEO Stephen A. Schwarzman’s foundation in connection with the foundation’s $350 million gift to the Massachusetts Institute of Technology. The gift is a portion of a $1 billion investment to establish a college for computing and artificial intelligence. The college, called the M.I.T. Stephen A. Schwarzman College of Computing, will address the global opportunities and challenges presented by the prevalence of computing and the rise of artificial intelligence.”

Coverage herehereherehere and here.

 

  • William Hays Weissman of Littler postedWhy Robot Taxes Won’t Work. Several arguments to support the thesis are presented, including: “… from a tax administration perspective, robots pay no income tax because they do not earn income, pay no sales tax because they do not purchase items, and pay no property tax because they do not own anything”

 

  • Knobbe Martens publishedFDA Expresses Priorities for Clinical Trial Efficiency, Artificial Intelligence. “According to (FDA Commissioner Scott Gottlieb, M.D.), clinical trials “are becoming more costly and complex to administer” while “new technologies and sources of data and analysis make better approaches possible.” In order to take advantage of these better approaches, Gottlieb pointed to the FDA’s Breakthrough Devices Draft Guidance, which proposes streamlined procedures to develop flexible clinical trial designs for important medical devices. This will allow the FDA to “evaluate . . . innovative devices more efficiently.” Six breakthrough devices have already been cleared using this program.”

 

  • From GoodwinTreasury Department Imposes Mandatory Filing Requirement on Parties to Certain Foreign Investments in U.S. Critical Technology Companies. “‘Emerging and foundational technologies’ soon to be controlled pursuant to a separate, interagency process underway and expected to target technologies not currently subject to ITAR or EAR controls, possibly including technologies relating to artificial intelligence, robotics, cybersecurity, advanced materials, telecommunications, and biomedicine, among others.”

 

  • From Osborne ClarkeShaping future competition law enforcement in digital markets | Furman review calls for evidence. “The first set of questions in the call for evidence asks about the substantive analysis of competition in digital markets and considers: … artificial intelligence tools and their impact on competition, including whether algorithmic pricing raises new competition concerns.”

 

  • Can artificial intelligence change construction? “As IBM’s Watson adds its computational power to construction sites, tech sees an industry in need of an upgrade.” “On especially complicated projects, Fluor (a global engineering and construction company) will begin using two new tools, the EPC Project Health Diagnostics and the Market Dynamics/Spend Analytics, to make sense of the thousands of data points found on a crowded construction site. Constant analysis will help forecast issues before they show up, and automate how materials and workers are distributed.” “Fortune found many tech firms investing billions in construction tech firms, including Oracle, which purchased Aconex for $1.2 billion in February, and Trimble, which bought Viewpoint for $1.2 billion in April.” Much more here.

 

  • Mintz publishedStrategies to Unlock AI’s Potential in Health Care, a Mintz Series. “The Journal of the American Medical Association in its September 18, 2018 issue included four articles on deep learning and Artificial Intelligence (AI). In one of several viewpoint pieces, On the Prospects for a (Deep) Learning Health Care System, the author’s conclusions aptly describe why health care providers, entrepreneurs, investors and even regulators are so enthusiastic about the use of AI in health care: Pressures to deploy deep learning and a range of tools derived from modern data science will be relentless, given the extraordinarily rich information now available to characterize and follow vast numbers of patients, the ongoing challenges of making sense of the complexity of human biology and health care systems, and the potential for smart information technology to support tomorrow’s clinicians in the provision of safe, effective, efficient, and humanistic care.”

 

  •  of Hunton postedLawyering Cashierless Technologies. “There is no doubt that there’s a revolution coming to the way consumers buy goods at brick and mortar stores as retailers seek to better meet customers’ need for speed and create novel shopping experiences. However, with this revolution comes new risks. There are a wide range of potential issues that retailers should consider before launching cashierless technology….”

 

  • Press releaseFirst-Ever Virtual Law Firm Puts Clients First. “By using Artificial Intelligence and robots, they’re (“2nd.law”) able to provide legal services for their clients at a steeply discounted price — up to 75% lower than the rates and fees that traditional firms offer — all while putting client relationships first.”

 

  • Lloyd Langenhoven of Herbert Smith Freehills posted this thoughtful piece: The symbiotic relationship between lawyer and legal tech. “Continued and efficient success for the legal profession, on both a macro and micro scale, lies in the ability of the profession to foster a symbiotic relationship between legal technology, client’s expectations and traditional legal knowledge. The future looks bright and exciting for the legal profession and it is about time our professional dusted the cobwebs off and donned a new, futuristic suit.”

 

  • This article from The Law Society Gazette frequently cites Brown Rudnick’s Nicholas Tse: IBA Rome: Artificial intelligence must mean strict liability – and higher insurance premiums. “‘The law needs to try not to multiply problems of dealing with AI and should not invest AI with legal personality,’ he told a session moderated by Law Society president Christina Blacklaws. ‘The work of the law is to try and be pragmatic, ensuring accountability while not stifling progress.’”

 

  • This from an associate at a major City law firm: “For at least a year I have been reading in the legal press how wonderful corporate law firms are with technology and how their pioneering work with artificial intelligence is unleashing a ‘Fourth Industrial Revolution’/’profound paradigm shift’/’New Law 2.0 era’/insert buzz-term of choice that will fundamentally change the profession. But when I look around all I can see is some new laptops and phones given to us by our supposedly tech-savvy firms. This despite my own employer aggressively marketing itself as some kind of futuristic Silicon Valley-style start-up.”

 

  • From Lawyerist.comHow an Online Game Can Help AI Address Access to Justice (A2J). “It is a truth universally acknowledged, that the majority of those in possession of legal problems, remain in want of solutions.1 Also, ROBOTS!  Ergo, we should throw AI at A2J. There is considerably less consensus, however, on how (or why exactly) this should be done. But don’t worry! There’s an app/game for that, and it let’s you train artificial intelligence to help address access-to-justice issues.”

 

  • Holly Urban, CEO at EffortlessLegal posted: Artificial Intelligence: A Litigator’s New Best Friend? “This article is intended to help litigation attorneys looking to utilize AI to maximize their outcomes with minimal additional effort or expense.” In conclusion, like several before her, she reminds us: “As the ABA Model Rules of Professional Conduct states, ‘To maintain the requisite knowledge and skill, a lawyer should keep abreast of changes in the law and its practice, including the benefits and risks associated with relevant technology, engage in continuing study and education and comply with all continuing legal education requirements to which the lawyer is subject.'”

 

  • This story has been widely reported: Stephen Hawking feared race of ‘superhumans’ able to manipulate their own DNA. “Before he died in March, the Cambridge University professor predicted that people this century would gain the capacity to edit human traits such as intelligence and aggression. And he worried that the capacity for genetic engineering would be concentrated in the hands of the wealthy. Hawking mulled this future in a set of essays and articles being published posthumously Tuesday as ‘Brief Answers to the Big Questions….‘” “Once such superhumans appear, there are going to be significant political problems with the unimproved humans, who won’t be able to compete.” More coverage here and here.

 

From Artificial Lawyer:

 

  • Suffolk Law School Uses Reddit to Create Legal Question A2J Taxonomy. “A collaboration of Suffolk Law School’s Legal Innovation and Technology Lab in the US and Stanford Law School’s Legal Design Lab with funding from The Pew Charitable Trusts is taking legal questions from consumers posted on social media site Reddit, and using them to create a taxonomy of legal issues to help train A2J tech applications. Sounds unusual? At first it does, but when you look deeper it all makes sense. David Colarusso,  Director of Suffolk University Law School’s Legal Innovation and Technology Lab, explained to Artificial Lawyer what this is all about.” Here‘s the post.

 

  • I particularly enjoyed this opinion piece by the founder of Artificial Lawyer, Richard Tromans: The Politics of Legal Tech – Progressives vs Conservatives. “There are clearly then a wide range of views and goals when it comes to legal tech. We are not all on the same page. There are divisions. There are competing narratives. There is a battle of ideas to see which ones win out and different people, firms and organisations are arguing for different points of view. The legal tech world is, in a word, political.”

 

Blockchain

  • The state of blockchain: 11 stats. “How many CIOs are actively adopting or experimenting with blockchain? Dig into telling data from multiple sources.” Here’s the story from The Enterprisers Project.

  • This from Artificial Lawyer: Integra Ledger Launches Tools to Add Blockchain Tech to All Legal Software.
  • 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.

 

Blockchain

  • “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.
  • From Jim Baker via Lawfare: Artificial Intelligence – A Counterintelligence Perspective: Part I. “…AI and the entire technological ecosystem in which it functions are highly valuable to private-sector organizations and nation-states. That means that nations will try to identify, steal, and corrupt or otherwise counteract the AI and related assets of others, and will use AI against each other in pursuit of their own national interests. And that presents the United States and its allies with a classic counterintelligence problem in a novel and high-stakes context….” This is a deep dive.

 

  • Lex Machina‘s Josh Becker prepared this look at the “…three primary categories of legal analytics that relate to legal workflows: litigation, regulatory compliance and transactions.”

 

  • To find out how AI is being used in the deal process and how proficient dealmakers need to be in order to successfully implement and evaluate the technology, Mergermarket asked three law firm partners, a professor at the Kellogg School of Management and a vendor, “What other kinds of machine learning or artificial intelligence applications are there to assist in the dealmaking process at present? What sorts of tools can you envision being created in the future?” Here’s what they said.

 

  • Lexology posted this blog post reporting what a few law firms are doing with AI and the benefits/impact they expect.

 

  • Press release: “CPA Global®, the Intellectual Property (IP) services and technology market leader, today announces the acquisition of Filing Analytics and Citation Eagle, two leading IP data and analytics software solutions, from Practice Insight, a wholly owned subsidiary of IPH Ltd.”

 

  • Here’s an interesting spin on the idea of a Smart Contract from William S. Veatch, a partner at Reed Smith, a “Data Contract.” “The essence of the Data Contract is that the terms of the contract are stored in a database at both the Clause Level and the Idea Level.”

And in this post, Artificial Lawyer interviews Reed Smith’s Bryon Bratcher to explore the firm’s tech strategy, including products they are offering to other law firms.

 

  • More about Smart Contracts. Artificial Lawyer reports that “Smart contract company, Clause, has partnered with a leading NFC (near field communication) company to link it to its own self-executing legal contracting technology. The move is in line with some of the earliest work of Clause, which related to picking up signals from the environment that could trigger elements of a smart contract.” Much more here.

 

  • Rob Galaski, Deloitte Global Banking & Capital Marketing Consulting leader, recently said: “AI is rapidly reshaping the attributes necessary to build a successful business in financial services. As AI drives operational efficiency, economies of scale alone will not sustain cost advantages. In the future, financial institutions will be built on scale of data and the ability to leverage that data. Increasingly bifurcated markets are already emerging where data sharing is critical to competitive success and first movers are positioned to distinguish themselves by delivering better advice, constant presence, and curated ecosystems. Firms that lag behind are finding that their old strengths may not keep them as competitive as they once were.” This seems to me completely relevant to law firms and their clients.

 

  • I have posted about the US’ tightening of controls around tech exports including AI. This post from MoFo reports that EU members are doing the same.

 

  • From Artificial Lawyer: LawDroid, has launched a new voice-activated functionality in a joint venture with US attorney Patrick Palace, that is designed to integrate exclusively with Clio’s practice management software. The new system will offer lawyers the ability to use voice commands to:
    • Dictate notes, schedule appointments, and create tasks
    • Have LawDroid Voice read out to you your schedule for the day
    • Populate data into Clio to eliminate data entry duplication.

 

  • Is AI The Great Equalizer For Small Law? According to this post in Above the Law from Casetext’s Jake Heller, “yes”. “…(T)he 85 percent of lawyers at smaller law firms have been adopting, using, and thriving on artificial intelligence technologies. And they have been using AI to level the playing field, diminishing or eliminating what were once the resource and staffing advantages at the bigger law firms.” It’s an interesting argument.

 

  • Holland & Knight postedFTC Announces Plans to Hold Roundtables on Consumer Protection and Competition Issues – Privacy, Data Security, Big Data and the Use of Artificial Intelligence Figure Prominently. “The FTC designated a total of 11 topic areas it will focus on and included a series of questions that it would like the public to comment on and participate in. Consumer privacy issues along with data security, the use of Big Data, artificial intelligence (AI) and predictive analytics figure prominently in the list of main topics the FTC has indicated it will review and analyze….”

 

  • Access to Justice: Artificial Lawyer reports that: German expert system, Bryter, is to build consumer-facing legal applications in a partnership with the Humboldt Consumer Law Clinic (HCLC) at the Humboldt University of Berlin. … The project will have a double benefit, in that students will get to know how to use an expert system such as Bryter, while also creating outward-facing applications that may be of use to consumers with legal needs and access to justice challenges.” More here.

 

Blockchain

 

  • In this sponsored post, Steptoe & Johnson PLLC’s Dan Nossa and Kristian White explain: How blockchain technology could alter the real estate business.