RTO [Return To Office] – Will That Drive Partners (yes, partners) to Parachute Into Virtual Firms? — from lawandmore.typepad.com

There are options. One is joining a virtual firm. Another is launching one. To that startup, they can take both fellow partners as well as associates.

 

From DSC:
Along the lines of change within the legal realm, also see:

Those differences can be broadly grouped into three main areas: dumping the billable hour; more use and better use of technology when possible; and operating with far lower overheads.

 

A Legal Minority Report — from abovethelaw.com by Olga V. Mack
Each of the following is a viable and exciting career path for anyone passionate about the law.

Excerpt:

This means it takes a firm stance against legalese, trying to make contracts engaging and readable — something that they rarely are. The creativity of legal design allows for infographics and “cheat sheets” of terms and terminology, using language with which the “audience” is familiar. It is a revolutionary approach to the law.

 

The Metaverse And The Practice Of Law — from abovethelaw.com by Ken Crutchfield
While early, there is tremendous promise and opportunity for legal professionals as new types of issues surface in the virtual world.

Excerpt:

Mark Zuckerberg’s announcement to build Meta — the seventh-largest market cap company in the world — is yet another indicator of the increasing influence that the virtual world is having on our society. From online gaming to digital currencies and everything in between, the rising prevalence of the Metaverse represents new frontiers for how individuals, organizations, and businesses can interact with each other — and that also means new issues and challenges for legal professionals to tackle.

 

The Future Of Law? Legal Data — from techlaw.co.il by Adv. Zohar Fisher

Excerpt:

In an increasingly digital world, data is being leveraged – and collected – in novel ways. The legal field, known for being extremely risk-averse, has a real opportunity to utilize digital tools for many aspects of legal practice to achieve a wide variety of goals, including increasing revenue and expediency.

The legal technology industry, colloquially dubbed ‘Legal Tech,’ has been fueled by a flood of recent investments, including $1.5 billion in 2020 alone. As part of this tidal wave, legal data analysis is an integral part of this rapid growth. In fact, according to the American Bar Association’s Legal Technology Survey, 58% of participants used web-based software to aid their practice.

These programs rely on different types of data including internal data derived from the activity of a firm (such as tracking billable hours), individual data collected from cookies and web traffic, as well as industry data (from publicly available legal sources), can be used and combined to give various forecasts and insights.

 

A Crash Course in TAR: What Do You Really Need to Know? — from iltanet.org by Rachel McAdams, Andrew Lyons, and Kayode Okubanjo

Excerpt:

When embarking on a new project, the question of whether or not to use TAR is often near the top of the list, and most large projects won’t go ahead without some element of TAR to speed along the review. However, for those new to discovery or those not involved heavily in the technology of discovery, it can be difficult to work out exactly what is being proposed, or the difference between types of methods. This article will give a brief introduction of TAR and lay out the basics of what you really need to know to start taking advantage of TAR.

 

 

A2J Tech in the US: #LSCITC Part I — from law-tech-a2j.org by Roger Smith

Excerpt:

Get to my age and you develop a pretty high intolerance level for conferences – online or off. You get more intolerant; more arrogant about what you think you know already; more easily bored; more demanding of content, presentation and presenters. But I  am a longtime fan of the Legal Services Corporation’s annual technology conference as the best I attend in a year, see an example from 2019.  And this year’s event, currently half completed, is no exception. This is consistently a premiere event. As delegates, we have done two online days with two more to come later this week. It may be far too soon to evaluate themes but early enough to highlight some of the more striking content.

Also see:

Check out this year's ABA Tech Show

 

Looking Forward and Backward at Legal Technology – 2021 and 2022 — from legaltechmonitor.com by Dennis Kennedy, Tom Mighell, Debbie Foster

Excerpt:

Tom Mighell and I, with help from Debbie Foster, continued our annual tradition of looking backward and forward at #legaltech at the end/beginning of each year on our podcast. Of course, we do that in our own way.

Here are the two episodes of The Kennedy-Mighell Report podcast:

  • Pardon the Interruption: 2021 Edition
  • Dennis & Tom’s 2022 Tech Resolutions

Also see:

Also see:

Check out this year's ABA Tech Show

 

SKILLS 2022 – Recap — from legaltechmonitor.com by Greg Lambert

Excerpt:

Last Thursday, a group of some 400 legal knowledge management professionals came together for the Strategic Knowledge & Innovation Legal Leaders Summit (SKILLS) conference.  Oz Benamram asked me to pull together a 20 minute recap of all of the presentations that day, and share it with the 3 Geeks’ readers. So, here’s about a 20-minute recap of the 20 presentations for that day. Enjoy!!

So the biggest challenge I see is, is structural, and as much as the business model works pretty well for about right now. But it doesn’t necessarily work great for where we’re going.

Jason Barnwell

Also see:

 

Thomson Reuters’ Report May Signal Sea Change In Legal Profession — from techlawcrossroads.com by Stephen Embry

Excerpt:

In a nutshell, the Report demonstrates that to thrive post-pandemic and even survive, lawyers will need to better adopt technology, use better workflows, and make sure work is done by right mix and training, and experience. Otherwise, the work that is piling up during the great talent shortage just won’t get done.

More tech, better work process, more remote work, becoming nimble. Bottom line, successful law firms, and lawyers can’t afford business as usual post-pandemic.

Also see:

Thomson Reuters’ Report May Signal Sea Change In Legal Profession

 

7 Technological Breakthroughs That Might Change the Way We Practice Law In 2022 — from legalscoops.com by Jacob Maslow

The face of legal research is changing through artificial intelligence (AI) implementation. ROSS Intelligence uses IBM Watson to do legal research automatically. This is conducted faster than current legal search engines are doing. AI is also used to create and review contracts a real-time-saver for lawyers.

 

Aderant Brings American LegalNet Under Its Umbrella — from abovethelaw.com by Joe Patrice
A busy week for Aderant.

Excerpt:

Aderant, a global provider of business software to law firms, announced yesterday that it acquired American LegalNet, which provides court forms, eFiling, calendaring, and docketing solutions.

 

Four waves of change in #LawLand (282) — from legalevolution.org by Jeff Carr

To get to the view of true “better” in legal service delivery, it is useful to return to first principles.  We are not here for ourselves, for the guild.  We are here to promote and protect the social good called “the law” for the benefit and service of those we call clients.   As such, when access to legal assistance is too difficult, too expensive, too unpredictable — and yes, too unfair — it is our job to fix the imbalance. To the extent we — members of the legal profession — ignore the imbalance in order to make another dollar out of a broken status quo, we have become corrupt guardians who betray our professional values.

Unfortunately, the more broken the status quo becomes, the greater our eventual professional reckoning. Thus, in my view, we have no time to waste.

Four waves of change in #LawLand

 

Legal Technology Sector Sees Advancements, Unicorns in 2021 — from pymnts.com

Excerpt:

Legal technology saw numerous advances in 2021 as the still-blooming sector saw greater activity, Reuters reported Wednesday (Dec. 29).

Legal tech involves companies making a variety of tools and services for law firms, corporate legal departments and consumers to use. The sector involves products for eDiscovery, legal spend analytics, lawyer selection, document review and contract management.

LegalZoom.com, CS Disco and Intapp all had initial public offerings (IPOs) this year, and multiple legal tech companies attracted venture capital and private equity investors. Some of their funding rounds reached into the hundreds of millions.

 

 

The Future of Digital Court Reporting — from legaltalknetwork.com by Tony Sirna, Jim Calloway and Sharon Nelson
Tony Sirna gives an overview of the evolution of digital court reporting and the improvement it has brought about in court proceedings.

Also see:

Webinar: What NOT to do in 2022. Legal Tech trends to ignore! — from onit.com

Excerpt:

How can you sort the helpful trends from the hype?

Three experts from Buying Legal, Consilio and Onit recently gathered to discuss just that. Together, they explored the current state of legal tech and AI, how corporate legal departments should function as we enter the new year and which current legal trends are better to avoid.

Read on to learn which legal tech trends you might want to pass on as we enter 2022.

 
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