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.
Repurposed real estate emerges as unconventional source of savings, revenue for colleges and universities — from highereddive.com
Excerpt:
As market conditions evolve, higher ed leaders are striving to build a profitable future amidst chronic funding obstacles. Between roadblocks like disruptive online competition, evolving demographics, crippling student debt and dwindling enrollment, traditional operating models cannot produce enough gains to satisfy market demands, argues KPMG.
It’s one reason why many institutions are exploring inventive ways to free up and generate funds without hampering student and staff experiences. As higher ed leaders look to diversify funding sources, repurposed real estate is emerging as a significant bottom-line booster.
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.
Also see:
Quality Matters > Higher Education News > December 2021
Throughout the year, we — along with members of our amazing community — share resources to help all of us deliver on our online promise. Here are some of the most popular items from 2021 for you to use and share:
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/
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.
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:
The next age of the internet could suck power away from Big Tech while living on the same backbone as cryptocurrencies. Here’s what to know about Web3. — from businessinsider.com by Katie Canales
Excerpts (emphasis DSC):
…
One aspect of the metaverse is that users will hopefully be able to go virtually from platform to platform with one single account — just like we will in Web3.
And NFTs, one-of-a-kind tokens representing your ownership of a virtual good, could be more easily bought and sold with cryptocurrencies within a space like Web3.
From DSC:
How might “Web3” translate into the future of lifelong learning? Here’s one vision/possibility:
Each person would have a learner profile/account that could seamlessly log into multiple education/training providers’ platforms and services. The results of that learning could be stored in one’s cloud-based learner profile. This type of next-generation learning platform would still need subject matter experts, instructional designers, programmers, and other team members. But the focus would be on building skills — skills that an artificial intelligence-backed interface would demonstrate are currently being requested by the modern workplace. This constantly-being-updated list of skills could then link to the learning-related experiences and resources that people could choose from in order to develop those skills.
The following vision/graphic also comes to my mind:
What motivates students to learn? — from edte.ch by Tom Barrett
In this article, we explore the key factors that influence and predict student academic motivation.
Excerpt:
Here are the top three ranked, according to this meta-analysis, from l’Université Laval, Monash University and Curtin University.
1 — Competence (I can do this!)
2 — Autonomy (I get to choose)
3 — Belonging (I am not alone)
From DSC:
I’m once again reminded of the following graphic:
Tom’s posting also reminds me of the power of storytelling, as Tom makes a solid point:
A notable missing piece of the student motivation paper is the role of emotion in learning. When I search the document for reference to ‘emotion’, the only returns I get are from citations and other works.
Along these lines, see/listen to:
