The big law firm of the future – AI, digital robots and blockchain

AIM Awards 2015 Judging Panel

Big law firms will be using predictive analytics and artificial intelligence not only to predict where growth in services will be, but also which clients and cases are worth pursuing, according to PwC’s vision of the law firm of the future that also foresaw digital robots taking over “routine and standard human transactions”.

October 24th, 2016

The robot judge – AI predicts outcome of European court cases

Strasbourg: Building - European Court of Human Rights

Artificial intelligence has been used to predict decisions of the European Court of Human Rights to 79% accuracy. Researchers at University College London, the University of Sheffield and the University of Pennsylvania developed the method to analyse case text automatically using a machine learning algorithm.

October 24th, 2016

Tech investors deterred because of “relatively small” global legal market

David Curle Legal Geek conference

The global legal market is small by comparison with other markets and this is deterring some technology companies from investing in it, but only technology can service the “vast unmet legal need” in the future, according to a leading lawtech commentator.

October 20th, 2016

Law firms need “culture of experimentation” before they can embrace IT transformation

Nick West 2 (Small)

Law firms need to radically change their cultures to embrace emerging technologies such as cognitive computing – including suppressing their tendency to be risk averse – according to the head of strategy at a leading London practice.

October 19th, 2016

NextLaw adds ‘smart contracts’ pioneer to start-ups portfolio

Internet connection

A company buildings contracts that automatically monitor enforcement and one producing software that harmonises legal compliance are among the latest investments to be added to the portfolio of NextLaw Labs, the legal tech subsidiary of global law firm Dentons.

October 18th, 2016

Judges prepare profession for ODR across less complex cases and court administration in the cloud

Sir Ernest Ryder at BC 2016

Online dispute resolution “will become the norm for much of the less complex work in civil, family and tribunals jurisdictions”, the Senior President of Tribunals said over the weekend. Meanwhile, it was also predicted that the administration of justice across all courts and tribunals could be transferred to the “cloud” within the next four years.

October 17th, 2016

Law students build app aimed at helping crime victims

Ludwig Bull LawBot

Four Cambridge university law students have created a free artificial intelligence ‘chatbot’ using natural language input with the aim of clarifying whether a criminal offence has taken place and making it more likely the police will take victims of crime seriously.

October 17th, 2016

Success in litigation points to stock exchange performance

Toby Unwin

There is a correlation between a company’s success in litigation and its subsequent stock market performance, legal IT company Premonition has claimed. The US-based start-up, which operates in the UK as well, operates an artificial intelligence system that mines big data to find out which litigators win.

October 10th, 2016

UK lawtech start-ups “struggling to compete with well-funded US rivals”

Jimmy Vestbirk

The author of a visual map of the lawtech start-up scene said it revealed the UK has a lower number of new technology ventures relative to the size of the legal market as a whole, compared with other European countries.

October 7th, 2016

Law ahead of other sectors in AI adoption and ambition

Jamie Tyler CenturyLink

The use of artificial intelligence is more widespread in the law than in other sectors, and IT chiefs see more applications for it in the future, a survey has found. It said that 55% of senior IT decision makers in law firms have adopted predictive coding and 48% machine learning technologies.

October 3rd, 2016