Technology

“Do more than humanly possible” – legal AI pioneer receives millions in funding

Andrew Arruda ROSS

Leading legal artificial intelligence company ROSS Intelligence has unveiled a new $8.7m (£6.6m) funding round, some of its from Nextlaw Labs, the business accelerator backed by UK-based global firm Dentons. ROSS has developed AI technology that can read and answer questions about the law.

October 12th, 2017

Online conveyancer claims blockchain-backed transaction first

Internet connection

An internet conveyancing platform last week completed what it claimed was the first property to be digitally exchanged online and moved instantly to a live blockchain. It reported the property – in Trowbridge, Wiltshire – went from initial marketing to a verified online exchange in just seven days.

October 10th, 2017

Legal brains will have a week to defeat AI in lawyer v machine challenge

Ludwig Bull LawBot 2

More than 50 solicitors, barristers and in-house counsel have volunteered to outsmart predictive software based on artificial intelligence in a ground-breaking lawyer v machine challenge. Lawyers will have a week to predict whether real PPI complaints were upheld or rejected by the Financial Ombudsman, before CaseCrunch has its go.

October 3rd, 2017

Exclusive: European legal business building multi-lingual B2B chatbot targets UK market

Morgane Van Ermengem

A European legal services provider specialising in advising tech companies has launched a prototype of what it calls the first business-to-business legal chatbot and, continuing its rapid expansion, plans to open a London office at the end of the year.

October 2nd, 2017

Dentons-backed legal compliance start-up raises $1m for expansion

Dan Jansen

A London and Cape Town-based law tech start-up that provides companies with tailored regulatory compliance advice, has raised just over $1m (£740,000) in a seed funding round that included investment from the global law firm Dentons’ business accelerator, Nextlaw Labs.

September 29th, 2017

Smart contracts market “on course to grow rapidly”

coding

The market for blockchain-backed ‘smart contracts’ should grow quickly, according to a partner at a global law firm, who is already working with the emerging technology. Lee Bacon, a partner at Clyde & Co, made the prediction as his firm launched a consultancy aimed at advising insurers and other clients on them.

September 25th, 2017

Central storage of electronic bundles in family cases “will begin in early 2018”

divorce

HM Courts and Tribunals Service is to start hosting digital family court bundles centrally next year as part of its project to digitise the courts, it has emerged in a briefing sent to family judges. Moving from manual paper bundles to digital bundles in the family courts is widely seen as the best way to eliminate errors and reduce costs.

September 19th, 2017

Law firm-incubated business launches AI contract review tech “60 times faster than paralegals”

Tim Pullan

A contract review technology company incubated by Cambridge-based law firm Taylor Vinters today launched an artificial intelligent product that it claims is on average 60 times faster and 30% cheaper than traditional paralegals.

September 18th, 2017

AI will reshape the business model of large law firms, Herbert Smith predicts

Mark Rigotti

Law firms embracing artificial intelligence are expected to create new business models to pass on the benefits to clients, research by City giant Herbert Smith Freehills has suggested. The way trainees learn about the law will also change and may reshape in the traditional pyramid shape of the large firms, it said.

September 14th, 2017

Exclusive: Chatbot pioneer to bring Equifax small claims service to UK “in weeks”

Josh Browder 2

Legal chatbot pioneer Josh Browder has launched a new service – dubbed the first automated law suit – to help those affected by the Equifax security breach bring small claims in the US, and has told Legal Futures that he is planning to bring it to the UK as well.

September 13th, 2017