#legal-technology

#legal-technology

While OpenAI and Anthropic continue begging for more and more investor cash in the face of consistently lackluster earnings, some vendors delivering advanced AI to the legal industry dropped hints about growing interest in small models. It's not that large language models don't work - though they often don't - but they're overbloated science experiments that, as Goldman Sachs observed, require exponentially increased resources to achieve tiny linear gains.

BigHand, a legal tech software provider, recently released a Survey and Report entitled Navigating the Million Dollar Problem, Resource management for Profitability, Client and Talent Retention. The report is based on responses from over 800 law firm leaders and professionals across firms with 50 or more lawyers. The report confirms what I have heard over and over again from lawyers, particularly at smaller and midsize law firms: they simply can't find good quality associates, and when they do, they frequently leave for perceived greener pastures.

As a planner, we typically come up with a strategy, and we use attorneys to actually draft the documents. In 2012, my wife's grandmother passed away, and I was nominated as the executor. And as anybody that's been in that role can attest, it's one of the worst things that can happen to you. When you are the administrator, trustee, you're never asked your opinion when the document is being drafted.

They're no longer alone among legal technology providers, with Filevine announcing a helmet sponsor deal with the newly minted Utah Mammoth. As Utah Mammoth branding decisions go, not to denigrate the Filevine partnership, but it's a distant second behind changing the name to Mammoth after playing its first season with the very I-forgot-my-homework-was-due-today name of "Utah Hockey Club." Filevine, who showed off one of the coolest products I saw last year with its Depo Copilot, will appear on both Utah's home and away helmets.

Legal technology, like dealing drugs, thrives on getting kids hooked on the free sample. At least that's what hundreds of hours worth of D.A.R.E. propaganda films taught me. It's why law students received Lexis and Westlaw passwords before their dorm rooms - it's never too early to develop brand loyalty. As 3Ls graduate into 1st-year associates and start pulling all nighters on legal research, they instinctively log into whichever system they learned in school.

GAIA is revolutionising the legal industry with AI that automates legal work and empowers legal professionals to work more efficiently and effectively.

The Deep Dive Tool is an enhancement that allows users to query a data set using natural language, enabling them to obtain specific answers related to class action cases.

Across the globe, legal professionals face increasing pressure to deliver high-quality work quickly, struggling with silos of applications that hinder workflow efficiency.

Opus 2 transforms how legal professionals work by offering an AI-enhanced, collaborative solution for case management, preparation, and strategy, streamlining processes to empower legal teams.

"Offices & Dragons uses generative AI and automation to help its users power through hundreds of legal documents, as well as generate, edit, and redline bespoke projects and templates."

"Legal Geek follows a fast-paced format: short, punchy talks of 10 minutes in length... It forced speakers to have a point, get to it quickly, and stick to it."

If I wanted a question answered about my visa status, it would take the attorneys like four business days to get back to me, minimum.