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Technology will put one in five legal jobs at risk, Law Society predicts

Legal jobs are already being lost to technology, with the figure climbing to tens of thousands over the next two decades as automation and the use of artificial intelligence (AI) take hold, according to the Law Society. In the shorter term, the society also predicted that growth in the turnover of law firmswould be modest, with little or no ‘Brexit dividend’.

November 3rd, 2017 | No Comments »

Ex-FBI cyber chief warns lawyers over corporate espionage

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.

October 19th, 2017 | No Comments »

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

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.

October 18th, 2017 | No Comments »

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

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 | No Comments »

AI-backed start-up “will make communication between clients and lawyers easier”

A law student has become the latest entrepreneur to try and crack the problem of how to use online technology to improve the experience of consumers wanting to contact lawyers to solve their legal problems at a reasonable cost. Legista is a platform that will use artificially intelligent software to understand their matter and locate the right lawyer to deal with it.

September 4th, 2017 | No Comments »

Innovation index suggests “more top UK law firms than US firms embracing AI”

Top UK law firms are ahead of their US counterparts in the use of artificial intelligence, an index of legal service delivery innovation has suggested. However, the creator of the Legal Services Innovation Index said it might just be that UK firms are “savvier about marketing this stuff to their clients”.

September 1st, 2017 | No Comments »

“Quick and dirty” online justice better than no justice, says Neuberger as he laments legal aid policy failure

“Quick and dirty” online dispute resolution (ODR) is better than “no justice or absurdly over-priced justice”, the president of the Supreme Court has said in a wide-ranging speech that included a devastating critique of legal aid policy over the past two decades.

July 5th, 2017 | No Comments »

AI technology “transformative but carries risks”, says Slaughters report

Company directors should consider the risks of using artificial intelligence technology so as to understand and manage their liability, according to a report by magic circle law firm Slaughter & May. AI was “the most transformative technology” of this century, it said. However, risks included AI being maliciously ‘re-purposed’.

June 23rd, 2017 | No Comments »

Let lawyers control supply of electronic legal documents, report says

Lawyers should control the supply of “so-called standard electronic documents”, such as confidentiality deeds or contracts, a report has suggested. The report also highlighted the ethical and regulatory issues raised by artificial intelligence.

April 11th, 2017 | No Comments »

Magic circle firm adopts AI to simplify complex compliance issue

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.

February 27th, 2017 | No Comments »