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Legaltech News

New AI Tool Could Aid in Unlocking the Mysteries of AI-Based Legal Reasoning

OpenAI has released a new AI tool intended to aid researchers in exploring and ascertaining how generative AI such as the widely popular GPT apps can deeply analyze text and fluently interact in a human-like manner. This tool is a handy means to also examine how generative AI can undertake legal tasks and seemingly perform AI-based legal reasoning.
6 minute read

Legaltech News

Generative AI Is Likely to Change the CLM Market

Generative AI tools' coding capabilities may lead to further proliferation of CLM startups. But some argue that, with a dearth of funding, many could become fodder for a significant consolidation wave in the market.
5 minute read

Legaltech News

Head of Mishcon de Reya's Incubator Discusses Product 'Defensibility' in Age of Gen AI

Legaltech News caught up with Dan Sinclair, head of the MDR Lab, U.K. firm Mishcon de Reya's legal technology incubator, to discuss what the firm looks for in early-stage companies—and how that has shifted since its 2017 launch.
6 minute read

New Jersey Law Journal

The Human Connection: Why ChatGPT Can Never Replace Lawyers

If you're not willing to put your life in the hands of a ChatGPT pilot or a ChatGPT surgeon, why would you be willing to put your life in the hands of a ChatGPT lawyer? I think ChatGPT can and will be useful to the legal industry. However, do I think it'll replace the lawyers and attorneys in the legal industry? No, I do not.
8 minute read

Legaltech News

Law Firms Are Far More Vulnerable to Cyberthreats Than They Realize

The "Security at Issue: State of Cybersecurity in Law Firms 2023" survey found that many law firms see themselves as more secure than average. "In practice, the data suggests overconfidence amongst the entire legal population," when it comes to cybersecurity, said Conversant Group CEO John A. Smith.
5 minute read

Legaltech News

Vendors Market Gen AI Models as Safe or Privacy-Compliant. How Does Legal Check?

As a response to the legal industry's worries about generative AI, vendors have emphasized the safety and security of their products. But some say vendors can fall short of meeting their security requirements, while others have made misleading announcements.
5 minute read

Corporate Counsel

The Key to Using Generative AI? Retain Responsibility

The opportunities that big tech offers to in-house legal teams are too significant to ignore. They go far beyond merely making legal more efficient and enabling them to do more with less budget. Technology has the potential to fundamentally change the entire contribution that a legal department makes to the business.
5 minute read

Corporate Counsel

In AI Talent War, Rushing to Hire Tech Experts Without a Business Plan Is the Least Intelligent Approach

"If you're hiring AI technical competence to help you form an AI strategy, that's completely wrong in my expert opinion because it's a business decision," said Josh Kubicki, a University of Richmond School of Law professor.
3 minute read

Legaltech News

Personal Injury Startup EvenUp Announces $50.5 Million Investment, Launches Gen AI Assistant 'Litty'

Alongside its funding round and a "self-service" generative AI tool that automates drafting demand packages and summarizing medical records, EvenUp also announced an integration with practice management provider Litify.
5 minute read

Legaltech News

How Good Contract Management Is Key to Navigating a Complex Regulatory Landscape

Data privacy regulations are set to go into effect in five different states this year, with at least 25 other states also considering comprehensive data privacy legislation in 2023. Fortunately, there are contract management strategies that can significantly lighten the burden of increasingly complex regulatory obligations.
6 minute read

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