What is a Smart Contract Audit? — from 101blockchains.com by Gwyneth Iredale

Excerpt:

Blockchain applications use smart contracts for interacting with the blockchain, and smart contracts have profound security vulnerabilities. This is where you need a smart contract audit. You might be wondering about the definition of auditing a smart contract and the resources you need for the same. The following discussion offers you a detailed guide on smart contract auditing with an outline of its definition, types, and processes.

 

The Importance of Using a Legal Videographer in Remote Proceedings — from lawtechnologytoday.org by Dave DaSilva

Excerpt:

Depositions and trials have changed drastically in recent years, as have the jurors who hear cases. The analog days of reading deposition testimony into the trial record have increasingly given way to video clips of witness testimony.

While videography was once a luxury, it’s now a necessity if you want to present the best case for your client. The importance of videography has only increased in the past year as depositions went remote during the pandemic. Professional legal videographers are not only integral to creating the best possible evidence, they’re essential for preserving your case record in a secure and admissible way.

Also see:

 

American Association of Law Libraries (AALL) Innovation Showcase — from aallnet.org

Excerpt:

Law librarians and legal information professionals innovate every day—especially in the past year. The AALL Innovation Showcase is an opportunity to explore your colleagues’ innovations, presented as short videos and categorized by three library types: government, law firm, and law school.

 

The 2021 ABA Profile of the Legal Profession
The American Bar Association’s annual compilation of statistics and trends in the U.S. legal profession.

https://www.abalegalprofile.com/

Also see:

 

How Will Blockchain Technology Affect Law Firms? — from legalreader.com by Aleksandra Arsic
Blockchain and cryptocurrencies are here to stay. The technology might yet still be new when compared to the Internet as a whole, but it has already proved it’s ready for wider usage.

Excerpt:

With the dawn of the 21st century, many new and exciting technologies arrived, promising to take off the workload, streamline day-to-day operations, and improve finances. One of the hottest innovations in recent years has been the invention of blockchain.

While it may have started as a way to keep a ledger of Bitcoin transactions, blockchain has grown way beyond that. It has been adopted by many industries, including the legal. But, what is it, and how can it be implemented in a law firm environment? Let’s find out.

Also see:

You’re pretty familiar with artificial intelligence and machine learning in your everyday life. When you use a navigation app to see the fastest route to your destination – AI. When you ask your smart home device what time your favorite store opens – AI. And when your streaming device suggests shows you might like – yes, that’s AI, too.

While AI is becoming more and more mainstream in our homes, it’s also making its way into our jobs. You may be wondering what AI-enhanced legal technology can do for you and your law firm. Here are a few ways AI can (or already has) further advance your firm’s reputation and success.

So, what does AI look like for law firms?

 
 

Jeremiah 9:23-24 New International Version — from biblegateway.com

23 This is what the Lord says:

“Let not the wise boast of their wisdom
or the strong boast of their strength
or the rich boast of their riches,
24 but let the one who boasts boast about this:
that they have the understanding to know me,
that I am the Lord, who exercises kindness,
justice and righteousness on earth,
for in these I delight,” declares the Lord.

 

What doors does this type of real-time translation feature open up for learning? [Christian]

From DSC:
For that matter, what does it open up for #JusticeTech? #Legaltech? #A2J? #Telehealth?

 

Learning from the living class room

 

Legaltech Careers Guide: roles, organisations and routes into legaltech jobs — from lawtomated.com

Excerpt:

How do I get a job in legaltech? What guidance can you provide regarding legaltech careers? These are questions we get asked a lot. The people asking are both legal and other professionals looking to enter this increasingly diverse sector.

To scale our advice we’ve created this guide to careers in legaltech, legal ops and innovation roles, whether in law firms, vendors or in-house legal teams.

We aim to maintain this guide and update it as the market evolves, and as we learn new things about the people hiring and seeking roles in legaltech, legal ops and legal innovation.

Also see:

 

Gartner Legal Tech Hype Cycle 2021 – Some Thoughts — from artificiallawyer.com

Excerpt:

Gartner has published its annual hype cycle report for legal tech and compliance products for 2021. As with last year, this site has taken a look at the main graphic, which they have shared, and considers what it tells us.

 

 Smaller Firms Have More Advantages Than Ever Before — from abovethelaw.com by Jordan Rothman
Advances in technology have lowered barriers of entry at smaller shops.

Excerpt:

In the past, practicing law was an often onerous profession that required extensive time and resources to accomplish the most basic tasks. Since legal research and writing often involved so much work, bigger law firms had numerous advantages since they could marshal the resources needed to handle a given project. However, with technological advances in the past decade or two, law firms do not need to possess as many resources to complete work, and the cost of legal tasks has plummeted. As a result of all of these changes, smaller firms have more advantages than ever before.

Also see:

Does it Take 10,000 Hours to Become a Legal Tech Expert? — from legaltalknetwork.com
Learn how to develop a personal legal tech learning plan with Dennis Kennedy and Tom Mighell’s helpful tips.

20 Tips in 20 Minutes! — from legaltalknetwork.com
Dennis Kennedy and Tom Mighell offer up simple tips to help you make the most of your time and technology.

 


Looking for some simple ways to make life just a little bit better? Dennis and Tom challenge themselves to fire through 20 simple technology-related tips in just 20 minutes, from useful shortcut commands, to favorite apps, to smarter tech habits, and more!

 

 How to apply Midyear 2021 lawsuit data to make your digital content more inclusive. — from UsableNet

Redefining the Future of Law: Alternative Legal Service Models — from clio.com by Joshua Lenon; with slides of the recording here.

Advantages of Automated and Bundled Legal Services — from clio.com

The Law Firm of the Future — from joetechnologist.com by Joseph Raczynski

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski — from the ABA Center for Innovation

Reimagining Law: The Importance of Law Librarians in a Digital World — from legaltechmonitor.com

AI CLM Company LinkSquares Raises $40M, Says It Will Soon Release First-of-its-Kind Product — from legaltechmonitor.com by Bob Ambrogi

“Today, we’re witnessing the next major step up in power, thanks to artificial intelligence software,” Sunak wrote. “AI is creating legal solutions that can outpace and outperform traditional software in the same way steamships and diesel-powered vessels could outperform even the most impressive wind-powered tall ships.” And just as the step up to power changed what boats could do, “Linksquares is changing what a legal software solution can do and be.”

From DSC:
AI has plenty of pitfalls, no doubt. But a range of AI-based technologies continues to move forward and become further integrated into numerous industries and disciplines. The legal realm is not only using AI-based applications already, but it will also need to have the knowledge to be able to support clients who bring cases involving AI (and other emerging technologies) to them.

 

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski  — from buzzsprout.com by the ABA Center for Innovation

Today we will discuss blockchain, cryptocurrencies, and NFTs and their impact on the legal industry.  Joining us is an expert in all things blockchain and crypto, Joseph Raczynski.  Joseph Raczynski is a Technologist & Futurist with Thomson Reuters.

Also see:

The Law Firm of the Future — from joetechnologist.com by Joseph Raczynski

Excerpt:

Attorneys look to precedent to solve today’s legal problems. “Steeped in tradition” is how we often describe the legal profession.  As result, it’s no surprise that there is inherent tension between emerging technology and the legal profession. The American Bar Association’s 2020 TechReport, which surveys firms and tracks attorney use of technology in their practices, reported that only 7% of attorneys are using tech tools, such as Artificial Intelligence (AI), for document review and research.  Firms with more than 100 attorneys are more likely to use AI, as well as firms that engage in mass tort litigation. Despite promises of increased efficiency, productivity, and profitability, a significant number of attorneys cite distrust of the technology and underlying algorithms.

Even though the legal services market is estimated to be a $1T industry globally, Forbes reports that it is also one of the least digitized…

 

LawNext: Defining the ‘Future Ready’ Lawyer, with Wolters Kluwer VPs Martin O’Malley and Dean Sonderegger — from legaltechmonitor.com by Bob Ambrogi

Excerpt:

As the legal profession continues to transform and evolve, how can a law firm or legal department be “future ready”? What are the characteristics that define future-ready organizations and foretell their continued success?

Also relevant/see:

The 2021 Wolters Kluwer Future Ready Lawyer

 
© 2021 | Daniel Christian