Practice Management


Keoghs launches AI product that will cut insurer clients’ legal costs

7 November 2017

Leading defendant law firm Keoghs has launched an artificial intelligence (AI) driven service that cuts legal costs for insurer clients by enabling them to handle work that is currently done by its lawyers. Its “AI lawyer”, called Lauri, is initially for what are called “avoidable litigation” cases – generally standard, low-value claims.


Legal chatbot pioneer receives $1m investment to pursue goal of making access to law free

6 November 2017

DoNotPay – the chatbot that aims to make access to the law free – has received $1.1m (£840,000) in backing from leading Silicon Valley investors, and even some lawyers. DoNotPay is the brainchild of English-born student Josh Browder, who started the site as a teenager to fight his own parking tickets.


Small businesses flock to low-cost legal hub for employment and debt advice

2 November 2017

Thousands of small businesses are flocking to a purpose-built legal hub, operated by alternative business structure LHS Solicitors, to access online documents. Some 35,000 documents have been downloaded from the Federation of Small Businesses Legal Hub – provided by LHS on a white-label basis – since its launch last month.


AI crunches lawyers in case prediction challenge

31 October 2017

A ground-breaking battle between lawyers and artificial intelligence has ended in a comfortable victory for AI. Lawyers had a week to predict whether real PPI complaints were upheld or rejected by the Financial Ombudsman, using their own resources and unlimited time, before AI got to work.


Direct access website in High Court dispute with recruiters over number of barristers signed up

25 October 2017

Efforts to recruit an initial 2,500 barristers to direct access website MyBarrister failed miserably, it has emerged in a court ruling that details an ongoing dispute with the recruiters charged with signing them up. “These were, as things turned out, demanding targets,” the judge observed.


SME firms under fraud attack but see business benefits in risk management

25 October 2017

Almost half the staff at SME law firms say their firms have been attacked by fraudsters within the past 12 months, a survey has found. At the same time, the research into how firms are responding to risk management and compliance found evidence more generally that firms are “turning regulation into a business driver”.


Report: Firms talk of the future but continue to embrace the past

23 October 2017

Law firms are facing a “pivotal moment” where they need to turn talk of improving efficiency into action, with those that are seeing the competitive advantage, new research has claimed. It said firms “appear to be in a holding pattern, pledging forward-looking action, while cleaving to traditional thinking”, such as hourly billing.


Singapore targets UK law firms and tech start-ups as bridgehead to Asia

20 October 2017

Singapore has begun marketing itself to UK law firms wanting to access Asia’s lawtech start-up community, as well as UK start-ups wanting to expand beyond these shores, with what it says in south-east Asia’s first lawtech accelerator.


Ex-FBI cyber chief warns lawyers over corporate espionage

19 October 2017

Basic digital housekeeping like keeping software up-to-date and backing up data separately from your network will solve most cyber-security issues – with corporate espionage one issue law firms have to face – according to a former assistant director of the US Federal Bureau of Investigation.


Law Society unveils tech crowdfunding deal as Legal Geek hears about conservative clients

18 October 2017

The Law Society has agreed a deal with a crowdfunding platform to connect solicitors with lawtech start-ups looking for investment. Meanwhile, a lawyer at a magic circle law firm told yesterday’s Legal Geek conference that while clients welcomed the idea of innovation, when it comes to the crunch they often chose old-style methods.

← Older posts Page 87 of 222 Newer posts →

Blog


Why good governance matters when managing Law Society forms

Everyday legal transactions rely on Law Society forms. But they are often treated as static templates rather than what they really are: living documents that change over time.


A letter from the SRA? Your first reaction matters

An email from the SRA has a way of rearranging a working day. It arrives in the same inbox as everything else, often in the same measured tone, yet it carries a different weight.


Regulate sole practices on evidence, not turnover

For a sole practice, the SRA’s plan that I cannot hold a compliance role if my firm has more than £600,000 of turnover is not a measure of risk. It is a ceiling on growth.


Loading animation