Legal Tech: Establishing, Collecting, and Analyzing Metrics for Success
Liza Pestillos‑Ocat
As legal tech vendors, we’re often asked, “What’s the ROI on your software?” Our response is familia(...)
Generative AI in litigation: Turning talk into transformation
Opus 2
In recent years, generative AI (GenAI) has captured the legal industry's attention, moving from buzz(...)
For many law firms, digital transformation is now a key business priority that requires immediate resolution; 100% of top 10 law firms and 40% of top 11-25 firms have identified technology as the key challenge to growth in the next 2 years1. And 85% of enterprise decision-makers stated they have a two-year period to make significant inroads into digital transformation or they will fall behind their competitors and suffer financially2.
Did you already hear about the 90 Days LegalTech Challenge? An interesting initiative by Ana Alvarez, a Columbian lawyer and legal innovation enthusiast.
The Challenge aims to raise awareness about innovative, customer centric and empathic LegalTech solutions.
SOLID East in NYC, an event produced by the Cowen Group, was a dynamic, interesting and highly enjoyable conference about legal innovation. SOLID, which stands for Summit on Legal Innovation and Disruption, featured a slate of well-known speakers ranging from lawyers to legal ops professionals, vendors and data scientists.
Last week, British newspaper The Sunday Times published a story about telecoms firm BT and its plans to sell off assets to raise funds to boost the rollout of ultra-fast broadband across the UK.
The company has already agreed to dispose of its London headquarters for £210 million and has apparently slapped a ‘for sale’ sign on its legal software division Tikit as well.
Law firms of all sizes are under constant pressure to adapt to changing client demands and an evolving workplace. They need to do this while enabling the effective creation and sharing – as well as the security and governance – of their work product.
In the ongoing effort to meet these requirements, it might seem like the odds are stacked in favour of large firms. Technology, however, has a tendency to level the playing field – and increasingly, the cloud is serving as “the great equalizer” in the legal world, enabling the smaller and mid-sized law firms to keep pace technologically with the larger firms.
As Legal Geek founder Jimmy Vestbirk took the stage for the first-ever Legal Geek North America conference, it was clear that this was not going to be like any other legal conference – his description of “quick, short and sharp” as the Legal Geek style was certainly accurate. Vestbirk greeted everyone warmly and outlined the Legal Geek Ethos which prioritizes friendship over selling, recommends both learning and teaching, reminds of the importance of pitching in to help, and reminds about the all-important “no ties” policy, which was strictly observed – no ties in sight!
More about the French ban on Judge analytics
On 4 June 2019, the French Government criminalised the “reuse” of data identifying judges “with the purpose or effect of evaluating, analysing, comparing or predicting their actual or alleged professional practices” with a maximum penalty of 5 years in prison.
The legal tech sector was stunned. The move appears to run counter to the modern trends of open justice and the “consumerization” of inaccessible professions through technology. Start-ups may be asking themselves whether this is the start of a wider reactionary movement against these ideals, and whether the effort is worth the risks.
Get “Woke”, Blow up the Process, It’s OK to Fail
Are you “woke”? Let’s blow up the process. Celebrate success but accept, even praise, failure. These soundbites, slightly paraphrased, were uttered at 2019 CLOC Institute in Las Vegas by some of the most eminent GCs in the world as they addressed a massive audience of legal operations professionals. CLOC continues to create its own lexicon and make its own rules as the beating heart of corporate “legal ops”.
Quietly seeing Explosive Growth in Legal (part 2 of 2)
This is part II of Keith Vallely's story about the current state of Microsoft's Matter Center. Part 1 was published last week and can be found here.
When deploying a Matter Center instance, the technology partner must consult with their client and determine how much data is to be captured before Matter/Project creation, and what is to be used for document metadata tags, and what is to be used for reporting purposes.
Quietly seeing explosive growth in legal (part 1 of 2)
History - At the end of 2015, with tremendous excitement, Microsoft released to Github all the source code for their ‘highly acclaimed” Matter Center. The Matter Center was developed by Microsoft Legal Department for the sole purpose of providing an easy to use mechanism to turn Office365 and SharePoint online into a world class legal document management system. During 2014 and 2015, Microsoft had shown the Matter Center off at various legal technology venues to great fanfare, leading to much anticipation for its release and support to the legal community.
It’s no secret the trend to the cloud is gaining momentum. Adoption of cloud-based solutions across firms of all sizes was up an average of 68% in 2018 in comparison to just 51% in 2015, according to ILTA’s 2018 Technology Survey results. Not surprising are three high ranking reported barriers to cloud adoption: Cost, client restrictions, and integration and expandability. This article touches on the considerations that most affect a successful transition to the cloud.
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