Starting this fall, information professionals will have a new and unique opportunity prepare for leadership roles in libraries and knowledge-centric organizations– such as law firms. St. John’s University’s Division of Library and Information Science is accepting applications for a new online program for an Advanced Certificate in Management for Information Professionals. Information about enrollment
Wolters Kluwer Legal & Regulatory U.S. continues to release new products and features with astonishing regularity.
On July 24th, they released M&A Clause Analytics, a new workflow tool which combines machine learning and human expert curation to streamline the M&A drafting process. The product is designed to help lawyers quickly locate the best model documents and clauses. Wolters Kluwer Partnered with Kingsly Martin of KM Standards to develop a statistical analysis of 17000 documents from WK’s RB Source database of SEC Filings. According to the press release the product is designed in response to a legal market focused on enhancing “quality, efficiency, and ease of preparing merger and acquisition agreements.” M&A Analytics which covers 13 document types. will be a central component of the Transactional Law Suite for Securities.
The recent AALL Annual Conference in Austin was “hands down,” the most exciting AALL Program I have ever attended. The programs were great – it was often hard to decide which panel to attend. I found my own panels (Moneyball Analytics and Hits and Misses in New Products) up against programs that I hated to miss (the Innovation Tournament and an “all star” CEO panel ( Fastcase – Walters, Casetext – Heller, Ross – Aruda, Ravel – Lewis ) on AI and analytics prodded and provoked by moderator Prof, Susan Nevelow Mart.
Legal Tech thought leaders Bob Ambrogi and Kevin O’Keefe were a familiar sight at the panets, events, exhibits (and the nightly Fastcase after party). Earlier this week Ambrogi lauded AALL as one of the best conferences for those interested in legal tech. Is the market finally getting what information professionals have known all along? The legal profession requires content experts to navigate the burgeoning market of AI and analytics offerings. AALL: The Other Legal Tech Conference
The Second Oldest Legal Profession I spent time in the exhibit hall with Lexblog’s Kevin O’Keefe who commented on the quality and variety of panels and programs at the conference.
O’Keefe was surprised to learn that AALL had been around since 1906. In fact, in the legal community, only the American Bar Association has an earlier founding …1878. AALL predates every other law related association by decades. It was 65 years before the Association of Legal Administrators was founded in 1971, 74 years before ILTA was founded in 1980, 79 years before the Legal Marketing Association was founded in 1985.
O’Keefe also commented on the importance of information professionals by comparison to other law firm administrative functions. “Lawyers could still practice law without technology, or marketing or administrative help, but legal information always was and remains core to the practice of law.”
O’Keefe has a point which goes beyond the core practice of law. Law firms have become complex, regional, national and multi-national organizations. Business intelligence and legal knowledge has never been more critical to the current high stakes competitive market, no one else in the firm is better qualified to assess the potential value of research products offering AI and analytics… and yet…information professionals occupy relatively few seats in the legal C-Suite compared to the technologists and marketing professionals. The person who understand the quality of information should be at the table and not down the organization chart out of ear shot.
But this may be about to change……
Continue Reading The Second Oldest Legal Profession: Law Librarians: The Analytics and Algorithms of Change in the Legal C-Suite
Last year I pleaded with ALM to change the name of their annual Library survey since they had been predicting the end of Library’s for about 14 years. It was time to stipulate that print collections are shrinking and move on to exploring the dynamic organizations which have emerged in their place.
This year The American Lawyer has finally renamed the annual survey as the Survey of Law Firm Management Library and Research Professionals. The accompanying articles have shifted gear as well. The articles are titled “Law Librarian? Trying Chief Knowledge Officer” by Mary Ellen Egan and ‘From Providing Data to Providing Insight.” by Lizzy McLellan
Wolters Kluwer must be offering free double espresso shots every morning to their product developers and editors. Do they even sleep these days? Less than a month ago I wrote a post on the release of their Cybersecurity & Privacy platform … the relaunch of their International Arbitration platform and their alliance with IP analytics provider ktMine. Today they are announcing the release of “Corporate SmartTasks” which follows on their May 18th launch of a free Federal Regulatory Knowledge Center beta site.
|The Wolters Kluwer SmartTask Corporate Suite|
Today Ravel is launching Law Firm Analytics which is putting them squarely into the competitive intelligence and law firm performance based litigation rankings business.
Law Firm Analytics aggregates all of a firm’s cases and offers tracking, searchability, and analysis by practice area, court, judge, time period, and motion. An associate can analyze their firm’s winning…
Only weeks after receiving the prestigious 2017 New Product Award from the American Association of Law Libraries, CARA is announcing today the release of a new “Brief Finder” feature.
Casetext’s CARA (Case Analysis Research Assistant) launched with the promise of helping lawyers find the most relevant caselaw. Last August I reviewed CARA in a post:
product offers enterprise licenses for large law
The July issue of Thomson Reuters Practice Innovations, highlights issues facing information professionals. Articles explore the current state of AI, Innovation in practice, Outside Counsel Guidelines, Sustainable KM, CRM Data Quality and New Career Paths for information professionals. The full issue can be accessed here.
|Yes Libraries are Shrinking Now What?|
Two weeks ago American Lawyer Media released it’s 2016 library survey with the unfortunate headline “Downsizing continues at law firm libraries.” The headline is problematic for two reasons: 1. Shrinking libraries are old news and 2. Information professionals are driving some of the most important new technologies into the practice of law….