Tag Results
Investment and blockchain fuel digital legal giants’ expansion
Friday, 7 September 2018A major developer of contract review AI software has raised $50m in investment from venture capitalists, while Rocket Lawyer is to introduce blockchain security.
Tags: artificial intelligence, blockchain
Posted in Latest news, Technology
AI not more accurate than lawyers but there are still reasons to buy it, say firms
Thursday, 3 May 2018Only a handful of legal professionals believe that artificial intelligence software is more accurate than junior lawyers and thus a reason for implementing it, according to a survey. But over three quarters planned to invest in AI systems within the next two years nevertheless, mainly to remain competitive and provide a better service to clients.
Tags: artificial intelligence
Posted in Latest news, Technology
Large London firms embracing agile working and AI could cut collective £495m rent
Thursday, 26 April 2018Twice as many large City law firms had adopted ‘agile working’ policies by the start of 2018 as had a year earlier, and have been quicker than non-law businesses to embrace artificial intelligence technology, according to a survey about office use. Between them, the top 100 firms – when ranked by office floorspace in London – spend a total of £495m per annum on rent.
Tags: artificial intelligence
Posted in Finance, Latest news
First digital mortgage added to Land Register as blockchain conveyancer adopts AI
Thursday, 5 April 2018The first digital mortgage deed was entered into the Land Register today following collaboration and testing with Coventry Building Society and Enact Conveyancing. Meanwhile, an online property sales platform that uses the blockchain to record property transactions has adopted artificial intelligence in its auction process.
Tags: artificial intelligence, blockchain
Posted in Latest news, Technology
AI beats average legal mind but not best-performing lawyers
Monday, 26 February 2018The latest ‘man versus machine’ contest, which pitted human lawyers against artificial intelligence technology, has shown the machine to be superior in both accuracy and speed. But the best-performing lawyers exceeded even the AI, although it was claimed that they did so in unnatural circumstances for a busy lawyer.
Tags: artificial intelligence
Posted in Latest news, Technology
“Neural network” robot lawyer plots international expansion
Monday, 19 February 2018An online legal advice website has created an artificial intelligence-backed robot that it claims has been trained to answer questions on consumer rights law in natural language using one of the world’s largest datasets.
Tags: artificial intelligence
Posted in Latest news, Technology
AI lawyers coming but hold off on legislation, says Microsoft
Monday, 5 February 2018A new breed of specialist artificial intelligence (AI) lawyer will emerge within 20 years, but governments should only legislate on the subject once technology companies have had time to develop their own ethical principles, according to Microsoft. By that time, virtually all lawyers will rely on AI to assist them with their practice, it said.
Tags: artificial intelligence
Posted in Latest news, Technology
Chatbot-based ‘firm without lawyers’ launched
Thursday, 30 November 2017A lawyer has launched an artificial intelligence-backed (AI) chatbot that powers what he calls the ‘Law Firm Without Lawyers’, initially aimed at consumer and tax law but shortly to be extended to domestic violence. Ailira is short for Artificially Intelligent Legal Information Resource Assistant.
Tags: artificial intelligence, chatbot
Posted in Latest news, Technology
Technology will put one in five legal jobs at risk, Law Society predicts
Friday, 3 November 2017Legal jobs are already being lost to technology, with the figure climbing to tens of thousands over the next two decades as automation and the use of artificial intelligence (AI) take hold, according to the Law Society. In the shorter term, the society also predicted that growth in the turnover of law firmswould be modest, with little or no ‘Brexit dividend’.
Tags: artificial intelligence
Posted in Latest news, Solicitors
Ex-FBI cyber chief warns lawyers over corporate espionage
Thursday, 19 October 2017Basic digital housekeeping like keeping software up-to-date and backing up data separately from your network will solve most cyber-security issues – with corporate espionage one issue law firms have to face – according to a former assistant director of the US Federal Bureau of Investigation.
Tags: artificial intelligence, cyber security
Posted in Latest news, Technology
Blog
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
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