An international survey conducted by LexisNexis reveals that almost half of legal professionals and consumers see generative AI significantly impacting the practice of law. The study comprised of 7,950 participants including lawyers, law students and consumers from the US, UK, Canada, and France. Their inputs provided a better understanding of their awareness of generative AI…
The annual gatherings of the International Legal Technology Association (ILTACON) have seen a gradual shift in attitude towards artificial intelligence (AI). Where once this technology was viewed with a degree of skepticism, it is now recognized by many as a tool with the potential to change legal industry practices. Nonetheless, AI is not expected to…
Relativity, the prominent e-discovery company, recently announced the launch of its latest innovation, Relativity Contracts. Unveiled at ILTACON in Orlando, this tool is specifically designed for contract analysis and due diligence review, fully integrated within RelativityOne, the company’s touted cloud platform. The introduction of Relativity Contracts aims to redefine how companies handle their agreements. According…
A recent survey exploring trends in litigation and e-discovery has found that 40% of legal professionals are either currently employing generative AI tools in their practice or planning to do so. The 2023 Ediscovery Innovation Report, a collaboration between Everlaw, the Association of Certified E-Discovery Specialists (ACEDS) and the International Legal Technology Association (ILTA), collected…
A forthcoming two-day conference devoted to knowledge management and innovation within the legal profession is set to debut in October in New York City. The event is spearheaded by Patrick DiDomenico, better known as the president and founder of InspireKM Consulting and former head of innovation and knowledge management at multiple law firms, and Joshua…
In the rapidly modernizing world of law, firms are increasingly integrating Artificial Intelligence (AI) in their daily operations. Notably, the United Kingdom’s legal landscape is seeing widespread adaptation of Generative AI products across different law firms. As per Law.com, some of the popular AI products being employed by legal firms include Harvey, ChatGPT, Lexis AI,…
Virtual meetings on platforms like Zoom and Skype have become an integral part of our professional and personal lives, accelerating particularly in the wake of the global COVID-19 pandemic. From establishing a professional backdrop to wearing appropriate attire, etiquette around virtual meetings continues to evolve. Within this dynamic, a question on growing significance centers around…
As a multitude of digital legal solutions emerge in the rapidly digitizing landscape, automated data mapping tools are increasingly becoming a salient feature in corporations worldwide. These tools are critical for addressing a multitude of obligations, such as data subject access requests (DSARs), records of processing activities (RoPAs), vendor risk management, and other data privacy…
Several leading industry organizations, including the American Chemistry Council, American Fuel & Petrochemical Manufacturers, U.S. Tire Manufacturers Association, and Vinyl Institute (collectively known as “ACC”) have formally submitted comments to the United States Environmental Protection Agency (EPA) on its proposed New Source Performance Standards (NSPS) and National Emission Standards for Hazardous Air Pollutants (NESHAP) for…
In a significant development towards greater corporate transparency and accountability, on 31 July 2023, the European Commission has adopted the European Sustainability Reporting Standards (ESRS) for companies reporting under the Corporate Sustainability Reporting Directive (EU) 2022/2464 (CSRD). The ESRS are founded on technical advice from the EFRAG, previously the European Financial Reporting Advisory Group. Full…
In recent years, the discussion regarding the application of Artificial Intelligence (AI) in numerous business operations, particularly Human Resources (HR), has intensified. With AI already gaining traction as a prime influencer in shaping business strategies, HR professionals need to understand their evolving roles against this tech-dominated backdrop. Indeed, an increasing number of companies have started…
The U.S. Court of Appeals for the Ninth Circuit recently ruled that Hawaii’s ban on “butterfly knives” is a violation of the Second Amendment. They found that the knife, resembling a folding pocketknife, qualifies as an “arm” under the amendment’s terminology. A district court’s previous summary judgment in favor of Hawaiian officials was overturned by…
Legal professionals worldwide should be aware of a recent case in which technology company iTutorGroup, Inc. had to settle for $365,000 with the Equal Employment Opportunity Commission (EEOC). The federal agency alleged that the company’s artificial intelligence (AI) software explicitly discriminated against certain applicants based on their age. Notably, it was claimed that the software…
The Blockchain Bi-Weekly is a fascinating initiative led by the Polsinelli Blockchain+ team, providing invaluable insights into some of the most relevant stories in cryptocurrency, blockchain, and Web3 ecosystems. Drawing on their legal expertise and their understanding of the interplay between smart contracts, code, and US law, the Blockchain+ team presents an informative “rundown” on…
With the burgeoning adoption of Artificial Intelligence (AI) across numerous sectors, even seemingly impervious legal professionals are feeling a sense of being overwhelmed. One of the primary concerns highlighted by Law.com’s Greg Andrews is the advent of generative AI, a technology anticipated to introduce efficiency in the long run, but is adding to the pressure…
In 2021, we saw the adoption of the Corporate Transparency Act (CTA). However, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has delayed implementing the act to establish regulations. With the deadline for compliance rapidly approaching, it is imperative for Reporting Companies to be aware of the upcoming changes. The CTA, as it stands,…
Law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian has announced the launch of ChatGD, its internally developed generative AI chat application, intended to facilitate its attorneys in their practice. The firm’s chief innovation officer, Joe Green, describes the tool as “an accelerant for subject matter expertise,” that will help attorneys perform their roles more…
Corporations have a long history with director and officer litigation risk, and it comes as no surprise that these companies are seeking ways to better manage this peril. One such strategy, which has seen an uptick in adoption recently, is the implementation of choice of forum provisions. For those unfamiliar, choice of forum provisions were…
In an unfolding development, the U.S. Securities and Exchange Commission (SEC) finds itself in a legal quandary during the Fifth Circuit oral argument pertaining to protection changes effected in 2022 related to proxy advisor rules, according to a report by JDSupra. In context, in December of the previous year, the Federal District Court for the…
The field of artificial intelligence (AI) has been known to provoke a mix of fear and trepidation in public consciousness. In the arena of manufacturing, however, the sentiments are slightly different, with an equal amount of eagerness and apprehension in response to the evolving technology. The infusion of AI into converting previously manual tasks into…
In the realm of artificial intelligence (AI), the concept of ‘best practices’ might be taking its first form. Seven leading AI development firms have voluntarily decided to conduct eight specific commitments. Revealed in a ceremony at the White House on July 21, 2023, these commitments aim to drive safety, security, and trust in AI technology’s…
In recent years, the use of AI-based platforms such as ChatGPT has become increasingly prevalent within the global legal sector. Though these technologies offer numerous advantages, including improving efficiency and reducing workloads, they also present several legal and ethical challenges. A recent anecdote shared by a peer in the profession highlighted a questionable reliance on…
In the world of corporate law, July 2023 saw quite a number of substantial regulatory developments, particularly with respect to Environmental, Social, and Governance (ESG) factors. The most significant was the European Commission’s adoption of the Commission Delegated Regulation. This introduced the initial set of European Sustainability Reporting Standards (ESRS), alongside a related Q&A as…
On July 31, 2024, the Council on Environmental Quality (CEQ) shared their plans for the Phase 2 of the National Environmental Policy Act (NEPA) regulations. This so-called Bipartisan Permitting Reform Implementation Rule (BPRIR) signals a new stage in American environmental policy, aiming to bolster public engagement and accelerate clean energy projects. According to the details…
Four leading law firms, Reed Smith, Addleshaw Goddard, Osborne Clarke, and Ashurst have announced their interest in the generative artificial intelligence Chat-GPT style platform, Harvey, a technology originally developed by Allen & Overy. The platform, which is endorsed by the OpenAI Startup Fund, employs GPT-4 technology to put together large language models (LLMs) for legal…