June 04, 2024 | Legaltech News
Updated Stanford Report Finds High Hallucination Rates on Westlaw AIThomson Reuters said that their internal testing showed a lower hallucination rate compared to the study, and welcomed the opportunity to work with Stanford to explore creating AI benchmarks.
By Isha Marathe
5 minute read
June 04, 2024 | Legaltech News
LOKKER Launches New Feature to Bolster Consent Verification ComplianceThe Consent Verification tool came about when a LOKKER report revealed 90% of websites loaded cookies before any interaction with the consent banner.
By Isha Marathe
3 minute read
June 03, 2024 | Legaltech News
LexisNexis Announces Agreement to Acquire Contract Drafting Startup HenchmanOn completion of the acquisition, LexisNexis plans to immediately incorporate Henchman's document enrichment capabilities into products such as Lexis+ AI and Lexis Create.
By Isha Marathe | Stephanie Wilkins
4 minute read
May 31, 2024 | Legaltech News
Legal Tech Rundown: Axios Reporter Joins RobinAI, Wolters Kluwer Launches AI Center, and MoreAn update on the legal tech market's past week, from product launches to new partnerships.
By Isha Marathe
4 minute read
May 30, 2024 | Legaltech News
KKR Fund Acquires Majority Stake in CLM Provider AgiloftAs a part of the deal, FTV Capital will make an additional investment in the company, and JMI Equity, a growth equity firm focused on investing in software companies, will join on as a new investor.
By Isha Marathe
2 minute read
May 29, 2024 | Legaltech News
The Real Issue Beyond the Stanford Study's Gaffes: Where Are Legal Tech's Benchmarks?Stanford's study assessing gen AI-powered legal research tools received pushback from the industry for flawed methodology. But the real issue may lie within the lack of transparency from legal tech providers into how exactly their tools work.
By Isha Marathe
9 minute read
May 24, 2024 | Legaltech News
Legal Tech Rundown: Microsoft Copilot Integrations, Sedona Privilege Logs Commentary, and MoreAn update on the legal tech market's past week, from product launches to new partnerships.
By Isha Marathe
4 minute read
May 23, 2024 | Legaltech News
NYT Says News Corp–OpenAI Deal Fortifies Publisher's Copyright ClaimsIn a statement, The New York Times and its attorneys told Legaltech News that the News Corp-OpenAI partnership acknowledges the NYT's copyright lawsuit claims that content cannot be taken free of cost.
By Isha Marathe
3 minute read
May 23, 2024 | Legaltech News
Scarlett Johansson vs. OpenAI: Legal Weighs in on Right of Publicity Claims, 'Sultry Female Voices'Scarlett Johansson is threatening OpenAI with legal action over its new AI voice assistant. Some say she has a good shot, while others say it's a thin claim. But most agree on one thing: It's a bad look for OpenAI.
By Isha Marathe
9 minute read
May 22, 2024 | Legaltech News
Gavel Incorporates With GPT-4o, Seeing Major BenefitsGavel CEO and founder Dorna Moini said the new model by OpenAI increased accuracy by 25% , and cut costs in half when compared to GPT-4.
By Isha Marathe
4 minute read
Trending Stories