Disconnect grows between law firm service and client expectation, survey finds — from legaltechnology.com by Caroline Hill
Over 90% of in-house counsel and three quarters of private practice lawyers said that the legal sector is slow to embrace data, technology and new delivery models – a significant increase on the 64% who felt the same way last year.
In terms of the disconnect, 96% of in-house counsel agreed with the statement that what law firms provide is out of kilter with what clients expect. The majority (78%) of private practice lawyers also largely agreed.
ndaOK Unleashes Next-Level Efficiency in Legal Tech with GPT-4 Powered NDA Review — from legaldive.com by Christina Pennell
AI-driven legal tool promises to reduce NDA review times by over 90%
AUSTIN, Tex. — ndaOK, an innovator in AI-powered legal technology, today announces the launch of its next-generation non-disclosure agreement (NDA) review system. This advanced solution leverages OpenAI’s GPT-4 large multimodal model, a first among legal technology companies, offering unprecedented performance and efficiency in reviewing NDAs.
Capitalizing on the computational power and versatility of GPT-4, ndaOK accurately reviews and edits documents based on a user’s pre-determined requirements without the need for human assistance or input. This unique capability makes ndaOK faster and easier to deploy than any other AI-based contract review solution.
And here are two relevant postings that I missed a while back:
ANALYSIS: Meet the Law Schools Leading the Way in Innovation — from news.bloomberglaw.com by Francis Boustany
As law firms, businesses, and their clients adapt to the new realities of the legal and business worlds, law schools must prepare students in new ways—beyond traditional law school curricula and teaching methods—to give students an experience and education that better prepares them for their post-graduation careers.
Bloomberg Law launched its inaugural Law School Innovation Program as a means of promoting, acknowledging, and connecting the law schools that are innovating in the legal education space and providing their students with new ways of learning the law.
In this reimagined version of law school, students are taught to have ‘an entrepreneur’s mind’ — from fastcompany.com by Grace Buono
The University of Richmond program asks students not only to think like lawyers, but as entrepreneurs.
The demand for good lawyers is nothing new and, each year, law schools churn out graduates equipped with virtually the same skills as decades of law students before them. But one school is trying to change that.
The University of Richmond’s Legal Business Design Hub has students focus on the strategy, design, and operations of legal services in addition to their regular coursework, applying what the program calls “an entrepreneur’s mind” to their studies.