Mid-Sized Firms Have Lagged Behind In Tech… But Why?
Source: PYMNTS Yesterday we delved into the plight of mid-sized firms working harder and still ending up failing to transform a lot of that work into cash. We suggested that the sector’s reticence to adopt the latest in legal technology might be a big part of the problem. But maybe there’s something else behind the tech […]
Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
Source: PYMNTS Michael Berman, CEO of Ncontracts, told PYMNTS that financial institutions (FIs) are grappling with the increasing burdens of vendor lifecycle management. There can be what Berman termed “dire consequences” for FIs as they navigate contract management with their vendors. With the explosion of technology and digital channels, FIs are interacting with consumers and other […]
How One In-House Team Earned Its ‘Value Champion’ Award
Source: UPLEVEL OPS AND ABOVE THE LAW Looking for operational excellence in the legal landscape? In this episode of the UpLevel View podcast, Audrey Taranto, general counsel of Enstar Group, discusses the initiatives that earned her team an ACC Value Champions accolade. In a discussion with Stephanie Corey, CEO and Founder of UpLevel Ops, Taranto […]
OGC’s Managing Partner On Why An Alternative Approach To The ‘Broken’ Billable Hour Is Needed
Source: Above The Law, Author: Staci Zaretsky Companies are constantly complaining about the high costs of the legal services they need to make their businesses run, and yet each and every year, legal fees get higher and higher. Clients grit their teeth, hand over the cash, and the cycle begins anew. Will Biglaw ever bite […]
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 […]