Today LexisNexis Legal & Professional®,  is unveiling its second-generation legal generative AI Assistant on  the Lexis+ AI platform. The new AI Assistant was developed based on user feedback. And now offers a more personalized experience All existing Lexis+ AI customers will have access to the enhanced AI Assistant. The AI Assistant features enables conversational search, insightful summarization, intelligent legal drafting, and document upload and analysis capabilities in an intuitive user experience.  

Recently launched and upcoming enhancements include: Continue Reading LexisNexis Launches 2nd Gen Legal AI Assistant on Lexis+ AI

LegalOn Technologies, has launched LegalOn Assistant, which can answer contract questions, draft clauses, summarize contract terms, and more. According to US CEO Daniel Lewis,  “LegalOn Assistant is an extension of your legal team. It saves you time, handles mundane tasks, and is easy to use in day-to-day work.”

LegalOn includes a suite  tools for streamlining contract review and drafting. Functionalities include redlining, practice notes, contract templates, and easy customization for companies with their own playbooks and templates. 

The new LegalOn Assistant will be available to all existing subscribers at no additional cost.

LegalOn Assistant is specially trained and tested for commercial contracting work. “Dozens of engineers and lawyers worked for months to take the power of GPT-4 and upgrade it with legal training and testing,” said Gabor Melli, VP of Artificial Intelligence at LegalOn. “We add to that

advanced security and privacy protections, including SOC II Type 2 compliance, so that companies can trust Assistant with their sensitive documents and questions.”Continue Reading LegalOn Launches Gen AI Assistant for Contract Questions, Summarization, and Drafting

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

Lawyers always want to be at least one insight ahead of their clients. Law firm librarians, marketing and knowledge professionals have been tackling the challenges of business intelligence with a continuously evolving marketplace of tools for aggregation and analytics. It was only a matter of time before someone designed a news and insights platform that

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