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Thomson Reuters’ Report May Signal Sea Change In Legal Profession [Embry]

On 01/17/2022, in 21st century, 24x7x365 access, change, changing business models, future, game-changing environment, ideas, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, by Daniel Christian

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

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7 Technological Breakthroughs That Might Change the Way We Practice Law In 2022 [Maslow]

On 01/10/2022, in law schools, Legal operations, legal technologies, legislatures / government / legal, United States, vendors, by Daniel Christian

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.

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Aderant Brings American LegalNet Under Its Umbrella [Patrice]

On 01/07/2022, in 21st century, 24x7x365 access, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

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.

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Four waves of change in #LawLand [Carr]

On 01/03/2022, in law schools, leadership, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

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

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Legal Technology Sector Sees Advancements, Unicorns in 2021

On 12/31/2021, in 21st century, 24x7x365 access, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

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.

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It would be a major bummer if you’re in the 3% who were innocent here [Christian]

On 12/31/2021, in 21st century, Artificial Intelligence/Agents/LLMs/and Related, Asia, data related items, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, society, sociology, by Daniel Christian

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The Future of Digital Court Reporting [Sirna, Calloway, & Nelson]

On 12/29/2021, in 21st century, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, society, telelegal, trends, Virtual courts and law firms, by Daniel Christian

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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The top 5 legal technology news of 2021 [Black]

On 12/21/2021, in business, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, vendors, by Daniel Christian

The top 5 legal technology news of 2021 — fromabajournal.com by Nicole Black

Excerpt:

There were also a significant number of acquisitions, resulting in the unprecedented consolidation of legal technology companies. What follows are the more notable examples, although there were many others that are not listed below.

  • Litera acquired Kira Systems, Clocktimizer, DocsCorp and  Foundation Software.
  • MyCase acquired Soluno, Casepeer and Woodpecker.
  • Clio acquired CalendarRules and Lawyaw.
  • Francisco Partners acquired Paradigm, which had previously acquired PracticePanther, Headnote, Bill4Time and MerusCase.
  • Private equity firm Warburg Pincus acquired NetDocuments.
  • Smokeball-Leap-InfoTrack Group acquired LawLytics and Lawgical.
  • ProfitSolv acquired Tabs3 (and also owns Rocket Matter, Cosmolex, LexCharge, ImagineTime and TimeSolv).
  • Veritext acquired Reportex.
  • Intapp acquired Repstor.
  • Onit acquired Bodhala and BusyLamp.
  • Consilio acquired Xact Data Discovery.

Also see:

  • Legal Transformation Is A Business Story — from forbes.com by Mark Cohen
    Excerpt:
    The first step in law’s transformation journey is to align the legal function with the mission, purpose, and culture of business and to instill a customer- centric, team-oriented mindset. This is not an easy or quick process, but it is a necessary one. The legal function cannot achieve alignment unless it: speaks the language of business and understands its goals and risk profile, works proactively and at the speed of business, operates as a team (internally and across the enterprise), upskills, and adopts a customer-centric, results-oriented approach to everything it does. Legal must embrace the data-backed, tech-enabled, multidisciplinary approach to problem-solving, value-creation, and customer-centricity of business.
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Four resources relating to legaltech — from Zach Abramowitz

On 12/17/2021, in 21st century, 24x7x365 access, Access to Justice (A2J), change, changing business models, collaboration, communications, disruption, entrepreneurship, game-changing environment, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, United States, by Daniel Christian

From DSC:
The following items are from a recent presentation by Zach Abramowitz entitled “Legal Disruption: Key Trends to Watch in 2022.” By the way, you can sign up for Zach’s legal newsletter at zachabramowitz.substack.com/

Marble Law

 

Darrow raises $20 million to uncover corporate legal violations and bring justice to all — from calcalistech.com by Meir Orbach
The Israeli startup is focused on locating violations that have caused damage to millions of people on average – the threshold for a potential class-action lawsuit

Excerpt:

Darrow has developed a machine learning-based platform which discovers legal violations by some of the biggest corporations in the world. Operating chiefly in the U.S., the company is focused on locating violations that have caused damage to millions of people on average – the threshold for a potential class-action lawsuit.

 

TermScout

Term Scout

 

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Virtual law firms see 38% jump in recruitment [McCulloch]

On 12/15/2021, in game-changing environment, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, telelegal, UK, user experience (UX), vendors, videoconferencing, Virtual courts and law firms, by Daniel Christian

Virtual law firms see 38% jump in recruitment — from personneltoday.com by Adam McCulloch

Excerpt:

In late 2020, 1,355 lawyers worked for such virtual firms, a number that has risen to 1,875 by autumn of 2021. In 2019, 1,272 worked for such firms.

Also see:

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Michigan Chief Justice Bridget Mary McCormack on the Transformative Possibilities of this Moment [Penn Law]

On 12/09/2021, in Access to Justice (A2J), Canada, game-changing environment, ideas, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, Michigan, podcasting, society, strategy, technology (general), United States, Virtual courts and law firms, vision/possibilities, by Daniel Christian

Michigan Chief Justice Bridget Mary McCormack on the Transformative Possibilities of this Moment — from law.upenn.edu with Michigan Chief Justice Bridget Mary McCormack

Excerpt:

Bridget Mary McCormack is Chief Justice of the Michigan Supreme Court and is a leading voice on modernizing court systems to expand access to justice and deepen public confidence in legal systems.

On this episode, she joins us to share her thoughts on how courts can learn from the experiences COVID-19 has created to better serve the public in a post-pandemic world. She also shares her views on how regulatory reform can transform legal services and why improving legal systems matters for the entire American experiment.

Addendum on 12/13/21:
Ontario Court Lays Down the Law on Technology Competence and Video Proceedings — from legaltechmonitor.com by Bob Ambrogi

An Ontario judge has laid down the law on technology competence, ruling in no uncertain terms that every lawyer has a duty to keep pace with changing technology, and that a lawyer’s discomfort with new technologies — in this case, video depositions — is no excuse for reverting to pre-pandemic methods.

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UpCounsel Crowdfunds $3.3m, Plans IPO + Cuts Legal Costs By 75%! [artificiallawyer.com]

On 12/09/2021, in 24x7x365 access, business, ideas, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

UpCounsel Crowdfunds $3.3m, Plans IPO + Cuts Legal Costs By 75%! — from artificiallawyer.com

By eliminating overhead and outrageous hourly rates, UpCounsel allows you to kire a partner-level attorney at a third of the price

Excerpt:

The last point is how this helps to encourage more crowdfunding in this sector. Ruby Datum the VDR company is also currently doing a crowdfunding, and Clocktimizer was funded in the same way before it was bought up by Litera. So, perhaps we will see more approaches like this. That said, UpCounsel is itself owned by an investment group – along with 1,630 others now, so it’s not a pure-play crowdfunding in its entirety.

This will be watched by the VC world and the legal market in general for signs of whether it is succeeding with its goals.

Also see:

TECHREPORT 2021: Technology Training — from lawtechnologytoday.org by Sofia Lingos

ABA Techreport 2021 -- technology training

 

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2022 Predictions – The Market View: Part 1

On 12/09/2021, in 21st century, 24x7x365 access, Access to Justice (A2J), game-changing environment, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, by Daniel Christian

2022 Predictions – The Market View: Part 1 — from artificiallawyer.com

Excerpt:

What do people want to see happen in 2022? And what do they think will really take place next year? These were the two questions Artificial Lawyer asked a range of legal tech experts from across the market. The quality of responses was so good, and the views expressed so detailed, that this year the 2022 Predictions will be published in two instalments.

Here we go…

We would like to see states across the U.S. tear down regulatory barriers to innovation in legal services. We would like to see human-centred design thinking at the heart of every product, process, and service. We would like to see our community – from law schools to tech companies – advance the cause of access to justice.

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4 items involving the legal realm — tools, global internships, websites, marketing

On 11/24/2021, in 21st century, career development, change, communications, culture, game-changing environment, global / globalization, innovation, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, marketing/social marketing, tools, web-based collaboration, by Daniel Christian

Fastcase Unveils NextChapter Docs Form Preparation, Client Management Tools, and Workflow Tools for All Practice Areas — from legaltechmonitor.com by Jaime Houssami

Excerpt:

To that end, NextChapter is soon releasing a Forms Exchange, where seasoned attorneys can upload their form templates to the marketplace for other attorneys to purchase for their own use. “Providing access to pre-built forms designed by subject matter experts will be useful for many of the solo and small firm practitioners,” said NextChapter’s first Forms attorney author Carolyn Elefant.

TechReport 2021: Websites & Marketing — from lawtechnologytoday.org by Allison C. Johs

Excerpt:

The COVID-19 pandemic brought changes to the practice of law–many of which were overdue–including virtual meetings and client conferences, remote document signings, court appearances by Zoom and Microsoft Teams, and more. But according to the ABA Legal Technology Resource Center’s 2021 Legal Technology Survey Report results on the use of technology in the legal profession, there is still work to be done.

Linklaters launches virtual global business teams internship — from legaltechnology.com by Caroline Hill

Excerpt:

While most law firm internships are focussed exclusively on attracting future lawyers, magic circle law firm Linklaters has launched a virtual global business teams internship programme aimed at 16- to 18-year-old students. The new internship, which will be welcomed by many for shining a light on the key functions that enable a law firm to run and succeed, will help interns to become aware of the wide range of career options available at Linklaters.

Linklaters Internships For 16-18 Year Olds To Cover Legal Ops + Tech — from artificiallawyer.com

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TechReport 2021: Cloud Computing [Kennedy]

On 11/18/2021, in 21st century, 24x7x365 access, cloud-based computing / apps / other cloud-related, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, Microsoft, pace of change, trends, United States, vendors, videoconferencing, Virtual courts and law firms, by Daniel Christian

TechReport 2021: Cloud Computing — from lawtechnologytoday.org by Dennis Kennedy; with thanks to Cat Moon for this resource

Excerpt:

The 2021 ABA Legal Technology Survey Report will be important historically because it gives us the first look at how lawyers responded to the COVID-19 pandemic. Spoiler alert: we did not see anything like the movement to the cloud we expected in 2020. In fact, the 2021 results might be interpreted as another example of lawyers being late arrivals to technologies widely in use in other professions and businesses.

Nonetheless, we still expect the practice of law to be much more cloud-intensive in the near future than it is now, with courts and clients driving many of the changes. Do you think Zoom meetings, online court hearings, and other forms of online collaboration tools will really go away after what we’ve seen in the pandemic?

In the legal profession, it’s still a much different story. Legal is a lagging industry in cloud use. That said, it is still surprising that even in 2021 the reported use of cloud computing in law practice stayed flat or even declined—despite the pandemic and all the news coverage about Zoom meetings and working from home. This result is difficult to comprehend, let alone explain.

 

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