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Today Microsoft and Thomson Reuters are announcing a unique partnership for the integration of Thomson Reuters content including generative AI capabilities into the Microsoft 365 Copilot product. According to the Press Release:

Working with Microsoft, Thomson Reuters has developed a contract drafting solution, powered by its legal products and content, and Copilot for Word. Delivering users with a draft working document
Continue Reading Breaking News: Thomson Reuters and Microsoft Announce Microsoft 365 Copilot Partnership

Today LexisNexis® CounselLink  released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on  billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.

The average partner rate increased by 4.5% (compared to 3.4% in 2021 and 3.5% in
Continue Reading LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022

Bloomberg Law has announced the launch of Bloomberg Law Contract Solutions,  a new AI enabled contract workflow for In-House Counsel. The product is designed to help lawyers streamline drafting and negotiation with tools for profiling, searching and extracting clauses.  The product was designed in consultation with corporate legal teams.

 Live Virtual Event Bloomberg Law Contract Solutions will be introduced at
Continue Reading Bloomberg Law Contract Solutions Offers AI Enabled Drafting for In House Counsel -Launch Even May 11th

LexisNexis® Legal & Professional, is announcing the launch of Lexis+® AI, a generative AI platform designed to transform legal work. According to the press release “Lexis+ AI is built and trained on the largest repository of accurate and exclusive legal content, leveraging an extensive collection of documents and records to provide customers with trusted, comprehensive legal results with unmatched speed
Continue Reading Lexis+ AI Launches with Two Customer Initiatives: Commercial Preview and AI Insider Programs

Early in my career, one of the hallmarks of customer service excellence was the prevalence of periodic “business reviews.”  Business reviews are formal meetings that function as a “checkup” on vendor and contract performance. For several decades these reviews were offered by most large vendors throughout the course of a contract to assess past performance and set goals for the
Continue Reading The Lost Art of the Vendor Business Review – Checklist and Survey

ALM, the “grand-daddy” of legal reporting and intelligence has launched state court coverage in Radar. Radar delivers a clean customizable stream of breaking legal news and competitive insights.

Today’s release includes more than 100 courts in California, New York, New Jersey, Florida, Illinois, Pennsylvania, Massachusetts, Texas and Maryland. Additional state courts will be introduced over the coming
Continue Reading ALM Launches New Radar State Caselaw Surveillance Features

Today vLex and Fastcase, two of the  fastest-growing legal technology companies, announced that they are merging to form the world’s largest  digital law library. The combined company will also have the world’s largest law firm subscriber base and resources containing more than one billion legal documents from more than 100 countries.  Oakley Capital and Bain Capital Credit are investing
Continue Reading vLex and Fastcase Merge to Form World’s Largest Global Law Library (Everything, Everywhere, All at Once)

 Wolters Kluwer Legal & Regulatory U.S. One week after the collapse of Silicon Valley Bank, Wolters Kluwer posted a free publicly available resource Due Diligence Checklist .Since March 17th they have added five addition resources to a suite of tools referred to as the Bank Failures Toolkit. The resources are developed for inhouse counsel and their external law firms..
Continue Reading Wolters Kluwer Launches Bank Failures Toolkit: Due Diligence, Risk, Communications and a Litigation Tracker

Pre/Dicta has profiled 750 federal judges and built an algorithm that can predict how each judge will rule on a motion to dismiss based on the cause of action, the characteristics of the parties and the attorneys. It runs this prediction based on one piece of data – the docket number!

It does not read the complaint, it does not
Continue Reading Here Comes Pre/Dicta–Forget Everything You Thought You Knew About Legal Analytics and Predictions

Laura Safdi and Pablo Arredondo Introducing CoCounsel

On Wednesday night, Casetext  continued to celebrate the launch of their Generative AI platform, CoCounsel with a special  “Invitation only” event  during LegalWeek in New York. CoCounsel is powered by OpenAI’s GPT 4 and was the first AI technology to successfully pass a bar exam.

The event included a demo of a new
Continue Reading Casetext CoCounsel Event – Professor Stephen Gillers Keynote Declares “The end of legal services as we know it.”

Today LexisNexis will be releasing a Generative AI survey at LegalWeek in New York. The survey which was conducted in March 2023 is based on responses from +4,100 US lawyers, law students and consumers.

“We’ve been delivering leading legal AI and analytics tools for some time, providing lawyers with data driven insights that make it easier for them to do
Continue Reading LexisNexis Releases 1st on Generative AI Survey in Law

Google’s core value statement is encapsulated in “10 things we know to be true.” It includes two rubrics that knowledge managers and librarians should embrace  as driving principles:  “Focus on the user and all else will follow” and “fast is better than slow.” 

The lingering shadow of cost recovery has impaired the intelligent use of digital resources in
Continue Reading Information wants to be Free (of Passwords and Client Charges): Leveraging High Value Content with eLibraries and Widgets

Legal Tech insiders knew that something big was “cooking” at Casetext. Yesterday Casetext announced the Launch of Co-Counsel, which is described as the first AI Legal Assistant. The launch included some notable media appearances : a live demo on tv and a video interview Product Briefing with Nikki Shaver of Legal TechHub.

In another first, Casetext CoFounders, CEO, Jake Heller,
Continue Reading Move Over ChatGPT — Casetext Debuts AI Legal Assistant “CoCounsel” on “Morning Joe”

Wolters Kluwer Legal & Regulatory, U.S.   has announced a suite of new and enhanced features in Legisway.  their legal management software for in-house counsel . Legisway is  an AI enabled SaaS solution which offers to steamline corporate workflows.

Legisway offers AI-powered contract lifecycle management (CLM) that enables document creation, editing and version control, as well as self-service templates
Continue Reading Wolters Kluwer Enhances AI Enabled Workflows in Legisway for In-House Counsel

Alternative legal services providers (ALSPs) now make up a $20.6 billion segment of the legal market and growth is accelerating dramatically, according to the The Alternative Legal Services Providers 2023 Report is being released today. The report is issued biennially by the Thomson Reuters Institute; the Center on Ethics and the Legal Profession at Georgetown Law; and the Saïd Business
Continue Reading Thomson Reuters Report: Alternative Legal Services Providers (ALSP) at $20 Billion Market Share and Growing