Beyond The AI Glitz And Glamour, Practical Implications
Source: Above the Law, Author: Stephen Embry Last week, Legalweek was held New York City. It’s the annual legal tech Conference put on by ALM and directed at Biglaw and, sometimes, not so big. Lots of exhibitors, lots of parties, and fancy dinners. Glitz and glamour. And this year, as you might expect, there are lots of educational sessions, […]
Thomson Reuters CoCounsel expands out of US as it also launches new Practical Law AI tools
Source: Reuters Thomson Reuters has begun the international expansion of its generative AI assistant CoCounsel Core, beginning with Canada and Australia, as it focuses on expanding CoCounsel’s availability in English-speaking countries. The legal information company also unveiled two new generative AI products that integrate with Practical Law. TR announced in June last year that it had acquired […]
Private equity in the legal sector: A challenge to conventional firms
Source: Legal Futures, Posted by Jeff Zindani, managing director and merger consultant at Legal Futures Associate Acquira Professional Services If law firms’ consolidation at all levels is on the rise, still difficult to imagine Big Law using PE to merge. The latest case in point would be the recent A&O and Sherman merger? Not insinuating […]
3 Reasons Why General Counsel Are Enterprise Strategy Assets
Source: Forbes, Author: Mark A. Cohen, CEO of Legal Mosaic Enterprise strategic planning has never been more challenging. The Doomsday Clock is the closest it has ever been to midnight, a reflection of the unprecedented danger the world faces. The World Economic Forum’s Global Risks Report 2024 surveyed more than 1,400 industry leaders, risk experts, and policy makers. They […]
Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
Source: PYMNTS This investment will enable the legal technology company to scale its platform for legal document serving, eFiling and other litigation services, Proof Technology said in a Friday (Jan. 26) press release. Proof Technology’s litigation services marketplace offers law firms and government agencies document delivery through a nationwide network of process servers, electronic court filing […]
Global 100 advisers take centre stage on BlackRock-GIP $12.5bn mega deal
Source: Legal Business Skadden, Fried Frank, Kirkland and Debevoise have all taken lead advisory roles as BlackRock announced on Friday (12 January) that it will buy Global Infrastructure Partners (GIP) for an eye-watering $12.5bn. The transaction will give BlackRock a total of $150bn in infrastructure assets, rocketing it to the top tier of infra funds. The transaction sees BlackRock […]
Should law firms focus more on work-life balance? Survey finds ‘wide gaps’ in opinions of associates, partners
Lawyers would like to see a greater emphasis on training and mentoring at their law firms, according to a survey released this week by recruiting firm Major, Lindsey & Africa and Law360 Pulse.
A Prioritization Framework for Legal Departments
How do you prioritize legal requests to ensure that your Legal Department is addressing its matter management needs in the most effective manner possible?
Who Needs To Be Listening To Your Clients? You do.
Source: Adam Smith Esq, Author: Janet Stanton, Partner, Adam Smith, Esq For unfathomable reasons many law firms and lawyers eschew client feedback. The reason we’re baffled by this is that at its most basic, the business of law firms is to serve client’s needs. Let me repeat that… the business of law firms is to serve […]
AI Trends For 2024 – Vendor Procurement Practices And Generative AI
Source: Mofo Tech, By: Stephanie Lynn Sharron Vendor procurement practices will continue to evolve in 2024 to reflect corporate AI risk management and governance policies. While companies are beginning to appreciate that vendor work product may be developed using AI tools unless their contracts specify otherwise, they have not fully appreciated what that means for […]