Comment, Opinion & Guest Articles
TOP STORIES INCLUDE: • eSentio sues HBR Consulting over NetDocuments swap out at Akin Gump and King & Spalding • Contract risk analysis platform ThoughtRiver raises over $1million in funding • RBRO says its business as usual in UK for iManage customers after departure of senior execs • Workshare says we won’t be beaten by the competition on speed or accuracy
AND welcome to the Insider’s new (and FREE to read) Legal Tech Startup Directory – 18 pages of listings and analysis on over 50 innovative companies who have broken with the law firm herd mentality and are set to change the face of legal practice in the UK, Europe, US and APAC regions. You can also discover which startups describe themselves as “Just Eat for Lawyers” and “LinkedIn meets Tinder”
With efficiency and innovation at the top of every client conversation, technology and process is becoming a major differentiator in terms of how much work a client is prepared to give a law firm. However, speaking at Gleneagles Legal Leaders Forum 2017, leaders from Barclays and Juniper Networks made it clear that firms are often not getting their basic invoicing right, and that there is a critical disconnect between client relationship partners and those in the firm that can action meaningful change.
The BakerHostetler 2017 Data Security Incident Response Report is now out, providing detailed analysis of the 450-plus cyber incidents that the Cleveland-headquartered firm’s privacy and data protection team handled in 2016.
I often hear litigators claim that legal innovation holds nothing for them; that good litigators are simply those who outwork the other party. But what if they could now trade working harder for working smarter? In the fast and furious world of legal technology, another Canadian success story is emerging: Toronto-based, Loom Analytics is now playing a lead role in the application of data analytics to legal services, says Mitchell Kowalski.
Each year I try to identify a theme for the article to bind the different strands together. This year is reflected in the slightly tongue in cheek headline “Do you want AI with that?” as in the fast food industry where “do you want fries with that?” became a standard upsell to any order, so AI seems to be tacked on to every presentation (and a lot of demonstrations) at the event. As you will see, the theme throughout the show, was the use of AI within the legal industry. The overwhelming conference preoccupation with AI meant that there was a bit of a disconnect between the makeup of the exhibition (which was, as ever, dominated by eDiscovery suppliers), and the key notes, briefing sessions, conversations and side events going on during the three days.
Please note the date! (OK, we know some humour-deficient people will not realise this is a joke.) And thank you Janders Dean for the Internet meme.
Saturday News Special: Aaron & Partners unveils AaronBot – the artificial intelligence partner for law firms
UK law firm Aaron & Partners LLP today announces the launch of AaronBot – an innovative artificial intelligence (AI) robot designed to replace underperforming law firm partners. Following on from the success of its ‘Expel Your Partner’ app – launched exactly two years ago today – AaronBot’s complex AI algorithm allows it to quickly recognise and replicate standard partner behaviours, such as shouting at trainees, never making tea or coffee in the office and taking credit for other people’s work.
Welcome to the latest issue of the Legal IT Insider newsletter – March 2017 – Issue #301. Top stories include… End of an era as Tikit and iManage part ways after 15 years: customers exit stage left to applause from Tikit competitors + In-house Legal: Barclays invests in new tech to rationalise bank’s external legal spend – one law firm has now had its invoice rejected 47 times! + Big Law: Slaughter and May has stake in AI business & Freshfields launch innovation group + Gleneagles Legal Leaders Forum: we have a full report on what corporate clients think about law firms + Mike Lynch on investing in Machine Learning tech companies: the real world is full of “noise” – non-meaningful data
Comment: Peter Campbell of Australian law firm Hall & Wilcox on six key questions to understanding legal tech developments
There is massive hype and conjecture about where technology is taking legal services but I think we need to remind ourselves that technology alone isn’t going to make the difference. Technology has the capacity to be an enabler of change, but the technology itself is not a differentiator, nor does it create a strategic advantage by itself.
Is there life on Mars? Or at least a thriving law tech startup scene outside the M25? Yes says Encompass co-founder Roger Carson
The irascible Andy Stokes fears he is changing from a middle aged curmudgeon into an ‘AI’ evangelist…
A new security barometer, carried out by office technology specialists, Altodigital, to better understand the impact of security breaches on UK business, has discovered almost one in five (18%) UK businesses has been targeted by hackers in the last 12 months, costing the economy a whopping £1.9 billion. Stats also suggest that 28% of the legal sector was targeted by hackers in 2016, with a cost to UK firms of £20 million.
Last year, Casey Flaherty and Darth Vaugh wrote an article for the ABA Journal about the myth that Millennials are innately adept with any and all technology. Spoiler alert: they’re not. Yet, the myth still […]
Cybersecurity: Most hackers can access systems and steal valuable data within 24 hours says Nuix Black Report
More than three-quarters (88%) of hackers can break through cybersecurity defences and into the systems they target within 12 hours, while 81% say they can identify and take valuable data within another 12 hours, even though the breach may not be discovered for hundreds of days, according to research by global technology company Nuix. The Nuix Black Report, the results of a confidential survey of 70 professional hackers and penetration testers at DEFCON, the world’s largest hacking and security conference, will overturn many conventional understandings and sacred cows of the cybersecurity industry.
Top stories include: CLOC to open Euro chapter – big news for inhouse legal teams & their tech vendors + Peppermint has a bout of growing pains + the Insider launches legal tech startup initiative – who’s hot & who’s not?