Lawmatics’ LM[AI] Awarded LegalTech AI Innovation of the Year
Lawmatics announced today that its game-changing AI tool – LM[AI] – has won the LegalTech Breakthrough Award for LegalTech AI Innovation of the Year. The LegalTech Breakthrough Awards recognize the top technology companies, solutions, and products in the legal technology industry today.
Orrick Herrington & Sutcliffe advised Mistral AI in the Series A round, led by Andreessen-Horowitz
European startup Mistral AI has completed a €385 million funding round “to bolster its team and infrastructure” and “develop the best open technology and provide developers with the highest levels of customization.” Orrick advised Mistral AI in the Series A round, led by Andreessen-Horowitz.
Volvo Cars appoints Helen Hu as General Counsel and Chief Legal Officer
Volvo Cars announces today that Helen Hu has been appointed General Counsel and Chief Legal Officer, and Member of the Executive Management Team, from 1 February 2024.
Reed Smith turns to AI for lawyer staffing solution
The legal firm’s Smart Resourcing tool helps balance workloads and ensure partners find associates with the right skills and experience, while empowering employees to make connections across the firm’s global footprint.
EU agrees world’s first legal AI regulations
EU negotiators have announced the world’s first comprehensive set of rules to regulate artificial intelligence, described as a “launch pad” to lead the global AI race.
After e-signatures, Tomorro believes e-contracts will be the next big thing
You might not be familiar with the name Tomorro, but it is actually not a new startup. Tomorro is a French contract management platform that originally started as Leeway. And today, the company is announcing its new brand and an $11.9 million funding round (€11 million).
Wolters Kluwer integrates GenAI into its legal research products; Transforms how legal professionals assess and interpret court rulings
Source: Yahoo Finance Wolters Kluwer Legal & Regulatory (LR) today announced an innovative feature for legal professionals: Generative Pre-training Transformer (GPT)-generated summaries of court rulings. GPT summarization harnesses generative AI (GenAI) to simplify legal research, eliminating the need to read through multiple court cases, saving valuable time. This innovation in beta will initially serve legal […]
Google says new AI model Gemini outperforms ChatGPT in most tests
Google has unveiled a new artificial intelligence model that it claims outperforms ChatGPT in most tests and displays “advanced reasoning” across multiple formats, including an ability to view and mark a student’s physics homework.
Settlement Intelligence Secures Investment From Verify Venture Studio in Portland, Oregon
Settlement Intelligence, a customer-focused legal technology startup, is pleased to announce a seed investment from Verify Venture Studio in Portland, Oregon.
With AI presenting an opportunity to finally ensure the profitability of AFAs, law firm leaders are actively collaborating with external AI partners and making tech hires
The exponential rise of generative AI is causing seismic changes in the legal profession. Princeton University concluded in a survey undertaken this year that legal services are set to be the most drastically impacted by generative AI. Indeed, artificial intelligence poses both the biggest threat, and opportunity, that law firms have ever faced. Those who navigate the risk, make quick decisions, and leverage the technology to their advantage, will ride both the immediate wave of success and come out on top in the long-term.