
Risk, value, strategy, innovation, knowledge and the legal profession.
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Gentle readers— in a distant era (January) when no one was thinking about facemasks and hand sanitizer, I posted the annual Dewey B Strategic Hits and Misses Survey. In an attempt to “carry on” as if everything were normal, today I am reporting on the survey results.Thanks to the 87 readers who responded to the survey between January and March 15th. Compared to 2018, 2019 was a fairly slow year for the launch of new products and features. As a result this years survey has fewer questions and fewer categories of new products. But this year the survey covered new analytics tools, analytics documentation, workflow tools, law comparison tools. The survey also asked …
Continue Reading Hits and Misses Readers Choose Best New Analytics, Workflow and Law/Reg Comparison Tools
LegalMation is a pretty impressive product. It uses AI to draft responsive pleadings to a complaint. If you haven’t had the chance to see a demo at the LegalTech or ILTA conferences, now is the time to get a free trial.
Here is the LegalMation offer:
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LexisNexis has dominated litigation analytics since it’s acquisition of Lex Machina and Ravel Law over the past decade. Ravel has been integrated into Lexis Advance, under the Context brand. Today Lexis Nexis announced the launch of Context Company Analytics. The original Context Judges analytics product uses language analysis to gain insights into judges precedential behavior. With the Company Analytics launch they are using language analysis to visualize insights derived from business news, company financials and litigation. Lexis has historically been strong in both company …
Continue Reading LexisNexis Launches Context Company Analytics –Language Analysis and Insights for Competitive Insights
It is no surprise that following the launch of their AI enabled motion drafting platform Compose in February, Casetext has secured a new round of funding. The $8.2 million brings Casetext’s total funding to $40 million. Inside investors who participated in this round include Union Square Investors, Canvas Ventures and Y Combinator Continuity. The press release also refers to an unnamed “top law firm” as leading the round.
The announcement comes in the wake of Casetext’s launch of their game changing new Compose software. Compose goes where no legal product has gone before. It actually helps a lawyer draft a motion tailored to specific federal …
Continue Reading Casetext Secures $8.2 Million Venture Funding
Casetext is launching an AI driven drafting tool called Compose. Compose does not promise to replace lawyers – it
offers to make lawyers more efficient by automating the first draft of a motion or brief. It can also function as a tutorial for a new lawyer who is assigned with drafting a motion for the first time. Casetext is currently working with a group of law firm “partners” who will help them develop an expanded library of motions. According to Pablo Arredondo, Co-Founder and Chief Product Officer …
Continue Reading Casetext’s Compose AI Powered Drafting of Briefs and Motions – Lawyers Still Required
On February 25th they are launching an exciting new legal news service Legal Radar which I believe his targeted to deflate the aggressive growth and pricing of its main competitor Law360.
American Lawyer Media’s flagship publication, American Lawyer has been credited with inventing the legal news market in the 1980s. ALM has been exploring ways to reinvent how lawyers consume legal news for several years. The relaunch of Law.com brought content from all 19 ALM legal publications together in a unified platform. The old legal intelligence platform was relaunched as Legal Compass. On Tuesday they will launch an AI enabled streaming news service for lawyers.
Legal Radar delivers a clean customizable stream of breaking legal news and competitive insights. Lawyers can track companies, industries, law firms as well as litigation. Legal Radar offers breaking litigation news within minutes of a filing. When cases are reported documents such as complaints and opinions are attached to the story. I found Legal Radar to be visually “addicting” like an endless Facebook stream. It was hard to stop scrolling! Like its competitor …
Continue Reading ALM Launching Legal Radar — Law360 Prepare For Incoming!
Lexis and Westlaw laid the foundations for today’s online research market in the 1970’s and 1980’s. Their dominance in the legal research arena was challenged on two fronts in the 2010’s. First they were challenged by the emergence of two full service competitors: Bloomberg Law and Fastcase. More surprising was the disruptive impact of the disgruntled, entrepreneur lawyers with a good idea and some venture capital who invented some completely new ways of approaching research and delivering insights..
Spinning Analytics Gold From Dockets. Lexis and WESTLAW were in the docket business for decades but it Lex Machina (now owned by Lexis Nexis) which invented a way for lawyers to use analytics for pitches and litigation strategy.
Lex Machina took the most mundane of legal data sets– docket entries and spun it into a goldmine of legal insights. Lex Machina started as a public interest project at Stamford Law school in 2006. The product leverages machine learning and natural language processing, to normalize, structure, and analyze raw data from millions of case dockets …
Continue Reading Analytics, AI and Insights: 5 Innovations that Redefined Legal Research
I have been predicting that predictive tools would gain an increasing presence in the practice of law. The press release from Thomson Reuters about Legislative Insights on Westlaw Edge carefully skirts the prediction issue by substituting the word “probabilities.” Thomson Reuters deep legislative coverage is about to be turbo charged with technology from Skopos Labs. Thomson Reuters was an early investor in Skopos through their venture capital arm Thomson Reuters Ventures.
Legislative Insight is driven by a proprietary machine learning and natural language processing methodology from …
Continue Reading Thomson Reuters Launches Westlaw Edge Legislative Insights With Probabilities of Enactment
Looking back on 2019. It was a year of product launches, re-brands and realignments. Here are the most popular posts of 2019 followed by a list of the most read posts from earlier years.
Happy New Year!
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