Clifford Chance and Neota Logic have developed an automated client toolkit to help financial institutions assess and address the impact of MiFID II, which comes into force in January 2018 and is one of the most complex and wide ranging pieces of legislation to come out of the European Union since the financial crisis of 2008.
Radiant Law is to collaborate with LexisNexis on the exploration and development of new technology solutions for clients, in particular around contract analysis and process improvement.
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?
In a white paper published exclusively by Legal IT Insider, Nick Ayton, a Jay Palter Fintech Influencer and number 21 on the Rise Blockchain News top 100 explores the implications of Blockchain technologies on law firms and the broader legal services market.
Microsoft last week unveiled several new security capabilities in Office 365 to help manage risk and ward off threats. You can read the details in full below plus we catch up on all the major legal IT news of the past week in brief.
Running alongside Legaltech New York last week (2 February) was White & Case’s private knowledge management session, which is turning out to be one of the hottest legal invites in town. Now in its 15th year, the gathering of some of the most respected global knowledge officers and CIOs in the business has grown from 50 to 80 attendees, with White & Case’s chief knowledge officer Oz Benamram observing, tongue in cheek, that as much as hope is not an adequate strategy for managing a law firm, nor does it keep an event under control.
US-based trade organisation the Buying Legal Council and Australian legaltech startup Lawcadia have announced a formal collaboration to promote legal procurement in the Asia-Pacific region and support professionals tasked with the buying of legal services.
Sixteen-partner Newcastle law firm Square One Law has selected Peppermint Technology as a cornerstone of the scale up and development of its business.
There is an old adage in the legal profession: Ignorance of the law is no defence. So, General Counsel (GC) – be they from software/Internet of Things (IoT) corporations, or organisations that develop their own software – and law firms (that advise on IT, Intellectual Property (IP), IoT and/or security) need to beware. Most are not aware of the risk of unexpected open source components in software, and their corresponding compliance status.
Market research by LexisNexis and Legal IT Insider into the drafting habits of lawyers has revealed that lawyers still rely heavily on email for sharing confidential documents and that there is very little firm-wide uniformity in the way client documents and precedents are handled, despite the huge risks that data leaks present to law firms.
With the usual raft of announcements at Legaltech New York it’s easy to miss out on key news stories. Here are the bite-sized highlights of the past legal IT week, including eDiscovery updates and a new platform alert. We’ll be bringing you insights into a number of the closed streams over the next week.
Winter Scott requires a smooth, responsive and efficient running IT infrastructure so its staff members can successfully conduct international business. Unfortunately this was not the case since the practice had migrated of all its IT hardware and software into a public cloud facility.
The late comedian Bill Hicks accused marketing of being ‘the ruiner of all things good’. In fact, he went much further but we’ll leave the reference at that. Suffice it to say that there are some out there, whose views on ‘innovation in legal services’ have not been too dissimilar.
London-headquartered disaster recovery specialists DataBarracks says that 80% of its significant recoveries in 2016 involved helping clients including law firms to recover from cyberattacks.
The LexisNexis announcement that it has integrated its legal drafting and review solution Microsoft Office with Microsoft Office 365, came with a fair degree of fanfare at Microsoft’s flagship store in central Manhattan on day two of Legaltech New York (1 February).