With the evolution of technology playing a significant role in shaping the present and future of the legal industry, many law firms are increasingly embracing advanced tools to enhance their project management systems. This trend is being propelled by the proliferating use of legal project management software, which fundamentally assists with keeping critical tasks efficiently…
In an environment where the implementation of Artificial Intelligence (AI) has become commonplace, a surprising finding has arisen—approximately 27% of organizations are refraining from using generative AI, wary of the potential legal and security risks. According to findings reported by the New York Law Journal, quite a few companies have chosen to forbear becoming early…
Rapid technological advancements are transforming the legal landscape, and with the technology of generative artificial intelligence (AI) at the forefront, law firms are presented with a continuum of opportunities and challenges. In an effort to streamline the deployment of these sophisticated tools within a legal domain, experts from the field have recently emphasized the need…
As advancements in artificial intelligence (AI) have continued to create revolutionary waves across sectors, the legal tech space has remained no stranger to these developments. Aptly reflecting this trend, LexisNexis launched Lexis+ AI in October 2023 which, according to Jake Nelson, Senior Product Manager at LexisNexis, is slated to reshape the way legal work is…
With the start of 2023 characterized by fervent discussions around the future potential of AI, the new year has placed a spotlight on the practical application and advantages of technology in the legal landscape. But how poised are in-house legal teams with respect to embracing this new technology? What strategies are lined up for future…
Bridget Mary McCormack, former chief justice of the Michigan Supreme Court, became president and CEO of the American Arbitration Association (AAA), the world’s largest private provider of alternative dispute resolution (ADR) services, last year. McCormack, a vocal advocate for system innovation to broaden access to justice while on the court, has reportedly boosted the AAA’s…
In a recent development that demonstrates the ongoing evolution of legal tech adoption, AI-legal drafting tool Clearbrief has formed a new partnership with renowned legal research firm LexisNexis Legal & Professional. Primarily, this collaboration facilitates Clearbrief customers who are also Lexis subscribers to access legal content and citations on Lexis while drafting documents within the…
In a recent survey conducted across all Am Law 100 firms to understand the adoption and use of General Artificial Intelligence (Gen AI), revealed that not less than 41 of the highest grossing law firms in the U.S. are currently employing this technology. These firms are exploring AI-technological opportunities not only for their legal works…
In an intriguing disclosure, it has surfaced that at least 41 of the highest grossing U.S. law firms are currently deploying General Artificial Intelligence (Gen AI) within their operations. Predominantly used within both the legal work and the business components of their firms, Gen AI is demonstrating its vast usefulness and versatility in the legal…
A controversial report recently released by Denmark’s Ministry of Social Affairs has sparked wide-ranging discussions within the global law fraternity. The comprehensive report suggests that there were instances of ‘systematic illegal behavior’ in adoptions of South Korean children during the two decades from 1970 to 1989. The report took issue with the inadequate regulation of…
In a recent development that should be of interest to the global legal community, the Florida Bar’s Professional Ethics Committee issued a formal opinion regarding lawyers and their use of artificial intelligence (AI) in their practice. As such, a number of precautions are suggested to ensure that the use of AI remains ethical and within…
In a significant ruling that continues to shape the landscape of citizen journalism and First Amendment rights in the United States, the 5th Circuit Court of Appeals recently dismissed a lawsuit that asserted a woman’s First Amendment rights were violated when she was arrested for filming police officers. The claimant in the case, a self-proclaimed…
In a significant blow to the tech industry, giants such as Google and Amazon were in the hot seat at the Federal Trade Commission’s Artificial Intelligence Summit. The summit highlighted the increasingly critical conversation surrounding the use of artificial intelligence and its regulation. Federal Trade Commission Chair Lina Khan raised potent questions during the proceedings….
With the dawn of 2023, in-house law departments are at the forefront of engaging discussions about the practical use of technology in their daily operation, particularly the application of Artificial Intelligence (AI). They not only assess where they currently stand in the adoption of new technology but also plan their strategic paths for future implementation….
In light of the ongoing nationwide scarcity of certified public accountants (CPAs), it appears likely that the field of accountancy may see a rapid integration of artificial intelligence (AI) into its modus operandi. This trend is reflective of retirements in the profession and a decrease in the number of accounting majors enrolled in college. While…
Over the years, lawyers have routinely turned to technical education programs and Continuing Legal Education (CLE) to better understand technology-related legal matters. However, many find themselves struggling with Artificial Intelligence (AI), which they consider complex and challenging to comprehend. While true that AI can appear overwhelming, it’s not as impenetrable as it appears. Embracing AI…
Efforts are underway in more than 20 US states to enact legislation this year to create a standardized, multi-state license for social workers. The intention is to address shortages in the behavioral health workforce and minimize the gaps in mental health care access nationwide. The initiative, known as the Social Work Licensure Compact, has garnered…
The proliferation of Artificial Intelligence (AI) tools in the legal sector continues to pose ethical questions, with some judges expressing concerns that such technology could lead to complacency within the profession. At a recent conference, a panel of bankruptcy judges made it clear that lawyers using AI tools carry the full responsibility for any potential…
Historically, the legal profession has been associated with the billable hour. But as Generative AI gains traction and adoption in the legal industry, discourse has emerged about a possible shift towards flat rates and alternative fee arrangements. What would be the impact of such AI technologies on billable hour – would rates rise, fall, or…
In a move designed to enhance employment opportunities for individuals with criminal records, there is a notable shift beyond standard ban-the-box measures. Advocacy groups are increasingly championing more comprehensive fair-chance hiring laws and seeking stronger enforcement practices from labor agencies. ‘Ban-the-box’ laws, already adopted in 17 states including the District of Columbia, along with 21…
The Financial Industry Regulatory Authority (FINRA) recently published its 2024 Annual Regulatory Oversight Report, addressing key topics such as financial crime, market integrity, crypto assets, and the market access rule as well as shedding light on expectations for off-channel communications policies. As uncovered in a summary of the report, significant fines have recently been levied…
The ongoing case against cryptocurrency behemoth Binance Holdings Ltd. is challenging the extent of oversight and regulation the U.S. Securities and Exchange Commission (SEC) can exercise over digital tokens. As the battle goes to court, U.S. District Court Judge, Amy Berman Jackson, voiced pressing questions directed at the SEC, particularly concerning their broad definition of…
In a noteworthy development, the Florida Bar has adopted guidelines permitting legal professionals to utilise generative artificial intelligence (AI), subject to ethical constraints. The conditions restrict the use of AI to instances where lawyers can reasonably ensure that its deployment complies with their ethical obligations. These limitations highlight a critical step in addressing the legal…
Centerbase, known for its cloud legal practice management platform for mid-sized law firms, announced the beta launch of its native document management integration. Thanks to Microsoft SharePoint’s capabilities, users can create, share, store, and manage documents without leaving the Centerbase platform. Contrary to standalone paid solutions that were once considered state-of-the-art, Centerbase has developed a…
A coalition of 25 US states recently sued the Environmental Protection Agency (EPA), challenging a final rule titled “Adoption and Submittal of State Plans for Designated Facilities: Implementing Regulations Under Clean Air Act Section 111(d).” The case is now before the US Court of Appeals for the District of Columbia Circuit. Under section 111(d) of…