Today LexisNexis Legal & Professional, released results from a survey of senior leadership at top U.S. law firms and legal professionals at Fortune 1000 companies. The survey   2024 Investing in Legal Innovation Survey: The Rise of GenAI at Top Firms & Corporations  explores  the business impact of generative AI technology on the legal industry.

I can’t recall any prior technology that has simultaneously trigged both of breathless enthusiasm and panicked resistance . While the technology shows game changing promise, there are significant ethical, client relations, security and intellectual property concerns which still need to be addressed. The C-Suite survey charts the issues of concern where are impeding adoption of GenAI.

Rapid Uptake and Generative AI investmentsContinue Reading LexisNexis Report: What Every C Suite Leader Needs to Know about Legal AI

 LexisNexis® Legal & Professional  Lexis+ AI is a  a generative AI solution driven by LexisNexis’ proprietary search engine and authoritative content. Lexis+ AI   delivers results based on the LexisNexis’ proprietary content which assures that results include “verifiable, citable authority. This follows the 2023 launch of  Lexis+ AI in the United States.

Lexis+ AI technology offers conversational search, insightful summarisation, intelligent legal drafting capabilities and document upload capabilities, all supported by state-of-the-art encryption and privacy technology to keep sensitive data secure.

Conversational search simplifies the complex and time-consuming legal research journey, providing a search experience for diverse legal questions with citations, facilitating lawyers’ ability to complete research effectively and efficiently.

Enhanced summarization provides a custom summary of legal documents to speed up and guide insightful analysis.Continue Reading LexisNexis Launches Commercial Preview of Lexis+ AI in U.K. and Canada

Today, Thomson Reuters, and the Center on Ethics and the Legal Profession at Georgetown Law has released the 2024 Report on the State of the US Legal Market.

The report opens with the sobering tale of the collapse of Pan American Airways because leaders stuck with an old strategy and failed to pivot as more nimble competitors emerged and an oil embargo changed the economics of international travel. We have seen this executive paralysis and  failure to  recognize the emergence of a market disruptor repeatedl: Kodak, Blockbuster, Swiss watchmakers … the theme documented in Clayton Christensen’s book  “The Innovator’s Dilemma.”  

The report continues the warning by noting how several fundamental shifts in the market threaten to upend traditional law firm business models, most notably the emergence of Generative AI. Law firms continue to inflate the rates balloon and clients wield market power in demanding higher discounts to deflate the increases.

Shifting market factors include:Continue Reading Thomson Reuters 2024 Report on the State of the Legal Market — Cloudy With a Chance of Disruption?

I have lived through legal technology revolutions before. The conversion of legal research from print to online moved though law firms like slow rolling train.  Lexis, the first commercial online  legal research product launched in 1970. Many firms did not fully embrace online research and abandon print until the pandemic drove the profession to remote work, nearly 50 years later. Analytics in legal research provided dramatic new insights into the behavior of judges, courts, attorneys and clients. It took less than ten years following the launch of Lex Machina in 2013 for legal analytics to move from esoteric to essential. The promise  of, if not the practice  with  Generative AI swept like a wildfire through the legal information market. When ChatGPT launched it took only five days to reach a million users and by January 2023 (2 months later) it had a 100 million users. Enter the “hype cycle.”

While OpenAi dominated the commercial market, Casetext, which had early access to GTP 4 dominated legal industry news headlines in 2023. Read the full post at Legal Tech HubContinue Reading Standing on the threshold of change: 2023 in review (A somewhat irreverent review of the AI hysteria That Swept Through the Legal Industry)

Today Casetext announced that a new feature called Timeline is available in CoCounsel. Timeline makes it easy to assemble “clear, comprehensive, and accurate chronologies” from large volumes of documents by using AI to extract events and arrange them into a chronological series. Timeline enables attorneys to manipulate the results through filtering, editing and focusing. Casetext was acquired by Thomson Reuters earlier this year.

Time Saving with Timeline

According to the announcement, TImeline :”enhances attorneys’ thoroughness and inaccuracy saving hours of painstaking, manual work and achieving better results.” Timeline eliminate the risks of manual review by reading “every word” in every document in the collection being analyzed. The Timeline report includes citations supporting its findings to enable quick review and validation.

Timeline features

Continue Reading Casetext CoCounsel Launches Timeline Feature

On December 7, 2023 Wolters Kluwer released the following announcement:

Legal & Regulatory division continues to redefine the landscape for legal professionals

Wolters Kluwer Legal & Regulatory (LR) today announced an innovative feature for legal professionals: Generative Pre-training Transformer (GPT)-generated summaries of court rulings. GPT summarization harnesses generative AI (GenAI) to simplify legal research

The American Arbitration Association (AAA) and its international division, the International Centre for Dispute Resolution (ICDR) have announce the release of the AAAi Lab, “a web center supporting AAA users, arbitrator, in-house counsel and law firms with policy guidance, educational webinars and tools for embracing generative AI in alternative dispute resolution.”

I met with Bridget McCormack, President and CEO and  Chief Legal Officer, Eric Tuchmann, to discuss this exciting new initiative..Continue Reading AAA Launches New AAAi Lab to Prepare for the Transformation of ADR Processes

Earlier this year I wrote a post about Pre/Dicta a new legal analytics product which “breaks all the rules” followed in the legal analytics market. Today Pre/Dicta announced the availability of predictions for new motion types, a new dashboard and additional interactive features. Unlike other analytics products which focuses on “the law.” Pre/Dicta focuses on profiling judges personal characteristics in order to predict how they will rule on a motion based on the characteristics of the cause of action, the parties and the attorney. It runs the predictions based on one piece of data – the Docket number! It doesn’t read the complaint, and it ignored the facts and defenses.

Founder Dan Rabinowitz built a methodology and an algorithm that is correct 85% of the time. Pre/Dicta has collected, enriched and analyzed more than 35 million docket entries, over 3.5 million cases, and 5.5 million parties and firms. This enables Pre/Dicta to generate a unique fingerprint or ‘DNA’ for each case and predicts judicial decisions. The availability of data-centric forecasts for the entire litigation timeline, from filing to trial, provides attorneys and their clients with a strategic edge and facilitates a more highly informed litigation strategy.

Continue Reading Pre/Dicta Adds 3 New Motion Outcome Predictions and “Doppelganger” AI Capability

Less than a month ago LexisNexis announced the launch of Lexis+ AI which launched with Conversational search, document drafting, summarization and analysis features. Today they are announcing the availability of two new features designed to speed up workflow and deliver insights from within two very different contexts: CourtLink and Microsoft Word.

Lexis Snapshot
The new Lexis Snapshot will summarize complaints filed in U.S. Federal District Court cases. It uses Generative AI to identify the nature of suit, summarize the complaint, identify parties, harms, and remedies in the complaint. CourtLink subscribers can add Snapshot to their subscription. There are also plans to expand the service to additional product and documents within the “Lexis ecosystem.”

All CourtLink Customer can preview the Snapshot service for free though the end of 2023.
At launch, the Lexis Snapshot service can be added to CourtLink. They also plan to expand the
service to additional products and document types “within the LexisNexis generative AI-enabled legal product ecosystem in future releases.”Continue Reading Lexis+AI Suite Of Tools Expanded with Lexis Snapshot and Lexis Create