Practice Management

AXA Insurance has teamed up with alternative business structure rradar to launch what they call “a world first in legal and risk advice”, powered by IBM Watson technology. ‘Grace’ is described as “a machine learning-driven app which engages businesses directly with a virtual assistant to deliver the knowledge and experience of legal and risk management experts”.

TThe Court of Appeal has again allowed an appeal against a ruling giving a firm of solicitors summary judgment, this time in relation to a claim for non-payment of fees and a counter-claim of negligence against them.

International firm Bryan Cave has set up a team of tech-friendly lawyers from its offices around the world to cut through the “hype” around the use of artificial intelligence (AI) in law firms. It said AI has “enormous potential”, but the real value comes from “lawyers being part of the conversation when these tools come out”.

The Court of Appeal has overturned a ruling that gave a national law firm summary judgment in a case alleging that its negligence had caused a company to lose a £4m intellectual property licensing deal with a global engineering giant.

Research by the Solicitors Regulation Authority to support its plans to reform indemnity insurance has “clear limitations”, ignoring the recent increase in claims related to cybercrime among other failures, the Law Society has claimed as it geared up for the next round of its battle with the regulator over the reforms.

Only 10% of people with legal problems use a solicitor, and often only after approaching other sources of advice first, major government research involving over 10,000 people has revealed. However, when they did use a solicitor or a barrister, almost all said they were satisfied with the advice provided.

More than a quarter of law firms that fall victim to ‘ransomware’ – software used by cyber crooks to block access to computer systems – end up paying £5,000 or more to retrieve their data, according to research.

Magic circle law firm Clifford Chance has for the second time in four months deployed artificial intelligence in a standalone product aimed at assisting clients to comply with complex regulatory changes. It has devised an online tool to enable financial institutions to make sense of MiFID2.

Lawyers should be able to replace any work lost to the online court with other cases, the government said yesterday, although it did not suggest how this would be done. The blithe statement came in an impact assessment published alongside the Prisons and Courts Bill.

Technology is displacing lawyers’ jobs at a slower pace than often thought, with most areas of legal practice at only low or moderate threat from encroachment by software, according to a study. It also called for effective professional regulation of legal technologies to protect clients and the values of legal systems.