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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 Skopos leveraging  more than 250 factors to assign a “Probability of Enactment” score…
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Thomson Reuters is releasing a new Legislative Insights tool today on Westlaw Edge that uses artificial intelligence to track legislation, predict the likelihood of its passage, and identify the industries it will likely impact. The tool uses machine learning and natural language processing technology developed by Skopos Labs, a New York-based AI company in which Thomson Reuters is a major investor. The company has developed what it calls Automated Predictive Intelligence that predicts the impacts of policy-making on companies and markets. The tool combines that technology with the legislative content available in Westlaw Edge with the goal of providing…
Thomson Reuters is releasing a new Legislative Insights tool today on Westlaw Edge that uses artificial intelligence to track legislation, predict the likelihood of its passage, and identify the industries it will likely impact. The tool uses machine learning and natural language processing technology developed by Skopos Labs, a New York-based AI company in which Thomson Reuters is a major investor. The company has developed what it calls Automated Predictive Intelligence that predicts the impacts of policy-making on companies and markets. The tool combines that technology with the legislative content available in Westlaw Edge with the goal of providing…
Many attorneys’ marketing strategies focus on generating a high volume of leads, but is that really the best way to grow a business? Chris Anderson and Karin Conroy think not! Karin shares her key steps for helping lawyers connect with the right clients: insight, intake, and discovery. They outline how to filter down leads to find the best matches for your firm, what to do when you progress from lead to client, and how to curate meaningful client relationships throughout the process. Today’s episode is about marketing. What’s interesting I think about today’s guest is that we’re not going to talk so much…
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Is any law firm or company immune from Brexit,  trade law or global privacy  (GDPR) issues? Thomson Reuters is responding to the growth of cross-border legal issues with the launch of the Practical Law Global which allows researchers to browse for foreign law answers by country  or topic.  Jurisdiction-specific resources are written by a prestigious roster of  local experts. Practical Law Global will be available on Wednesday, Feb. 12, 2020. Practical Law Global Practical Law Global offers: A seamless navigation between  domestic and global content A new global practice taxonomy Access to Global In-House Resources on the home page Ability to…
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Bloomberg Law has announced  launch the Brief Analyzer product which they previewed shrouded in much intrigue during the American Association of Law Libraries Annual Meeting last July. According to the press release the Brief Analyzer reduces the amount of time it takes to analyze a brief by at least 25%, based on feedback from 80% of beta testers. As with all Bloomberg Law enhancements, the Analyzer will be available to all subscribers at no additional charge. The Brief Analyzer can be used to analyze a brief during the drafting process or to expose weaknesses in an adversaries brief. Here…
Few tech topics captivated our collective conscious quite like blockchain did in the last half of the previous decade. Real adoption of this innovative technology has materialized in banking, finance, law enforcement, energy, insurance, real estate, supply chain management, and practically every other business sector.Looking forward into the next 10 years, several blockchain use cases are likely to be dominated by certain key trends. AML & the international stage As the technology underpinning cryptocurrencies, anti-money laundering (AML), and international monetary policy will still be front and center for the coming decade. “We’re going to make sure that bitcoin doesn’t become…
Few tech topics captivated our collective conscious quite like blockchain did in the last half of the previous decade. Real adoption of this innovative technology has materialized in banking, finance, law enforcement, energy, insurance, real estate, supply chain management, and practically every other business sector.Looking forward into the next 10 years, several blockchain use cases are likely to be dominated by certain key trends. AML & the international stage As the technology underpinning cryptocurrencies, anti-money laundering (AML), and international monetary policy will still be front and center for the coming decade. “We’re going to make sure that bitcoin doesn’t become…
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Did you know 62% of no-shows occur simply because your client forgot? We get it. People are busy. Combat forgetfulness with an appointment reminder strategy that works. We have 5 easy ways for you to improve your legal client appointment reminders. Don’t rely on email. Send text reminders. Text reminders have an average 53.5% higher response rate than voice calls. Why? It’s easy to respond when you are at work or on the go. The average U.S. adult checks their phone 52 times a day. Take advantage of that screen time with timely reminder messages. If you’re worried that a…
Originally published in the Legal Executive Institute. By Joseph Raczynski NEW YORK — With increasing data flow among global financial institutions expanding, compounded by newly minted hybrid financial organizations in FinTech, managing these highly regulated transactions is progressively more complicated. A panel at last week’s LegalWeek 2020 explored the anti-money laundering (AML) trends in 2020, discussed the state of legal artificial intelligence (AI) solutions in AML compliance and screening, and described a case study where AI has been successfully deployed in combating financial crimes. Panelist Deborah Thoren-Peden, Partner at Pillsbury Winthrop Shaw Pittman, kick-started the discussion by bringing up…
Systems are the best way to simplify and streamline your practice. This hit home back in 2001, when I was handling commercial litigation cases in a big New Orleans law firm. Every case had hundreds or thousands of documents and required several associates, secretaries and paralegals to manage. Logistically, the cases were a nightmare. The pleadings folders were a compendium of every possible kind of complaint and answer amended complaint and amended answer motion and counter-motion claim, counter-claim, and third party claim discovery requests, motions in limine, TRO requests and you name it. When you’re dealing with that many bullets…
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As I wrote last year at Above the Law, for legal research, brief analysis is the new vogue. After legal research company Casetext introduced the first brief analysis tool in 2016, CARA, other companies followed suit with an array of brief analysis products own, including Clerk from Judicata, Vincent from vLex, EVA from ROSS Intelligence, and Quick Check from Thomson Reuters. Last July, Bloomberg Law announced its plan to launch a brief analyzer of its own, providing a preview of a prototype during an event at the American Association of Law Libraries annual meeting. Today, Bloomberg Law…
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Justice Robert R. Thomas has announced his retirement from the Illinois Supreme Court effective Feb. 29, 2020. Justice Thomas established the Special Supreme Court Committee on Civility in 2001, which went on to become the Illinois Supreme Court Commission on Professionalism. He currently serves as the Supreme Court Liaison to the Commission. After retiring from the Supreme Court, Justice Thomas will join the Power Rogers law firm where he will practice with his son. The Court has appointed Second District Appellate Court Justice Michael J. Burke to fill Justice Thomas’ seat effective March 1, 2020, through Dec. 5, 2022. “On…
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As corporate legal departments seek to control costs and drive innovation, how can better use of data, metrics and analytics help? How are corporate counsel using analytics to measure and improve performance internally and among outside counsel? These questions were the topic of a special episode of LawNext, recorded live during Legalweek 2020 in New York City with a panel of four corporate counsel and executives who are leaders in law department innovation. My guests for this special episode were: Jason Barnwell, assistant general counsel-modern legal at Microsoft, where he leads a team tasked with driving legal department innovation.…
State trial court data and analytics company Trellis Research lands Alon Shwartz, as Co-Founder and Chief Product Officer. Shwartz is a career entrepreneur and prominent LA tech exec who previously co-founded Docstoc – an original TechCrunch40 company – that helped small businesses and professionals find the legal documents and content they needed to start, and grow, their businesses. As CTO at Docstoc, the startup grew rapidly and was ultimately acquired by Intuit (INTU) in 2013.  Shwartz was also the CEO and founder of unGlue, a modern parental control solution, as well as two other la based startups. Prior…
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State trial court data and analytics company Trellis Research lands Alon Shwartz, as Co-Founder and Chief Product Officer. Shwartz is a career entrepreneur and prominent LA tech exec who previously co-founded Docstoc – an original TechCrunch40 company – that helped small businesses and professionals find the legal documents and content they needed to start, and grow, their businesses. As CTO at Docstoc, the startup grew rapidly and was ultimately acquired by Intuit (INTU) in 2013.  Shwartz was also the CEO and founder of unGlue, a modern parental control solution, as well as two other la based startups. Prior…