Comment, Opinion & Guest Articles
Our thanks to our friends at Inside Legal for sending us their annual “word cloud” of all the hot topics on the agenda for this week’s Legal Tech event in New York. Odd that such an important topic as cybersecurity doesn’t rate a mention! We also have the word cloud for 2011 so you can compare and contrast the trends…
In a bumper news issue to kick off 2018, here are just some of the stories in the January (issue #309) Orange Rag, including the FREE download links
It’s that time of the year, and time for an irreverent look at Legal IT again. Last year’s predictions proved wildly accurate (not!)… So here’s what Andy Stokes thinks Santa should, and should not, bring Legal IT for 2018.
Top stories in November/December Legal IT Insider newsletter include: the changing of the guard as Simon Kosminsky retires from Mishcon de Reya & Rob Cohen quits Charles Russell Speechless to form consultancy – plus Insider editor Caroline Hill says “Cut the spin and hype, let’s get a grip on IT in 2018!”
All over the world, anti-money laundering (AML) regulations are becoming ever more stringent and complex. In this climate, compliance managers need to have support with the heavy lifting relating to AML legislation, which is where innovative regulatory technology (RegTech) comes in. Artificial intelligence RegTech in particular is beginning to play a key role in assisting compliance teams in meeting regulatory requirements.
Attorneys and businesses in the legal field are always on the lookout for the most effective form of communication for both potential and existing clients. Currently, many if not most law firms are using live chat to communicate with their clients. While online chat does provide a fast and easy communication method for lawyers to connect quickly and proactively, most chat platforms time out after only a few minutes of activity and records of the conversation aren’t kept in one thread once they time out.
It’s not been a good morning. You see your firm’s name on the ticker tape on Sky News. Then you see some 100,000 confidential client documents are in the public domain. Some of your largest revenue clients are also named. The documents were hacked how long ago? – 6 months – how is that possible? Thank goodness, we are insured. Yes, insurance may cover your immediate problem – but your reputation for discretion and client confidentiality is shattered.
Farrer & Co LLP has selected digital transformation consultancy SystemsUp to help it move to a secure Microsoft Azure hybrid cloud platform and a desktop environment based on Office 365 and Windows 10, we can reveal. IT director Neil Davison and SystemsUp managing director Nick Martin talked to us about the process that they have engaged in so far and the two-year road map ahead.
Welcome to the latest issue of the Legal IT Insider newsletter – October 2017 – Issue #307 – our top stories include… Norton Rose Fulbright goes live on SAP with Fulcrum GT AND The US Top 200 DMS table is out! Our US Top 200 document management system supplement is out today (1 November) giving you the full low down on which US firms are using which system, as well as extensive interviews with clients such as Baker Botts (iManage Cloud) and Littler Mendelson (NetDocuments). Looks like it’s iManage rules in Big Law – and SharePoint is deader than Monty Python’s parrot!
As several cameramen recorded events at Kennedys’ City office on Friday evening (27 October), the latest Man v Machine challenge reached its conclusion. But there was no real surprise when the results were announced: the machine, aka CaseCruncher Alpha, won hands down securing victory by a clear 24. 3% margin. Its accuracy rate of 86.6% compared with a more modest 62.3% achieved by the men (and women) challengers – every one a lawyer, reports Dominic Carman.
Like the guards posted at a sealed stone vault full of treasure hidden in the innermost sanctum of a fortress, internal legal departments are the guardians of a corporation’s most valuable assets — intellectual property, customer records, contracts, and much more. As cyber and regulatory risks increase, this trove of data and secrets has become a lucrative target for cyber crime and corporate espionage, says LockPath’s vice president of services, Dennis Keglovits.
The e-discovery industry has been in a race to adopt ever more sophisticated e-discovery tools, with advanced analytics technology that can take words, phrases and concepts and make connections across them to a level we have not seen before. But end users never seem to come close to using its full capability.
And, of course … e-discovery software. Its use to support investigative reporting is now common because it allows journalists the ability to analyze large data sets quickly and accurately. More and more reporters are trawling documents – whether emails, text messages, or files – to uncover the stories within. This is much the same process attorneys go through while building a case. Finding key documents and weaving them into a story is what sophisticated e-discovery was designed for.
Money laundering is of course nothing new. 2000 years ago, Chinese merchants in a bid to hide their wealth from rulers, would invest in businesses in different provinces. Since then the methods used by criminals has become ever more sophisticated, as have the methods used to prevent their crime; today, that’s in the form of ever more complex regulations that are being changed and updated fast.
Insider founder Charles Christian was this week named by Sage UK as one of the UK’s Top 100 Business Influencers in his capacity as an individual “whose commentary and social influence help to drive ideas and change within the small business sector”.
Everyone loves the Legal IT Insider… the Insider and Legal Week have entered into an exclusive technology media partnership! The partnership will see LITI editor Caroline Hill speak at the Legal Week Connect conference and advise on the programme. Legal IT Insider will be promoting and raising awareness of the event. “We look forward to working with Legal IT Insider on this ambitious project and welcoming Caroline as a regular columnist for Legal Week,” said John Malpas, publisher of Legal Week. “Her deep knowledge of the UK legal technology market will enrich our coverage of a fast-evolving market.”
Good to see amid the prevailing chatbot hysteria that TechCrunch has put the boot in on claims that Joshua Browder’s chatbot can automatically sue Equifax for up to $25,000, with the US news site pointing out the various procedural and legal impediments to the claim.
For law firms, investing in AI technologies seems an obvious strategy, says this report from Herbert Smith Freehills. But the technology is a means to an end. Clients won’t pay for AI investments but they do want their legal providers to take a lead in offering progressive services and solutions to recast the value gleaned from their relationships.
If Charles Caleb Colton is correct and “imitation is the sincerest form of flattery,” then flattery has been very slow in coming to the legal technology space, says our regular contributor Mitchell Kowalski. Despite claims by some commentators that 2016 – and then 2017 – are break-out years for legal tech, there has not been a similar break-out of platforms to grow such technologies. With all the hype around legal technology, why aren’t we awash in early stage legal tech innovation assistance?
Steve Whiter of Appurity looks at the communications technologies that are being deployed to help law firms and their clients mitigate the impact of crises.
The message is not whether or not ILTACON and LegalTech are dead but that the world has moved on and both of these tech conferences need to get out into the wider world. But more importantly: law firms and in-house counsel … and legal technology vendors … need to break away from their safe, cloistered view of the market.
Vendors and service providers who used to be treated as peers — as they should be considering how much they add to the conversation — are now ghettoized and treated as cash cows. An organization whose mission is to encourage partnership, education and support now seems to focus more on pushing attendance at ILTACON and bringing in sponsorship dollars.
No, this is real news, not a fake news story to promote the upcoming Blade Runner movie… The good people at Sydney Criminal Lawyers report that Australia may soon get its first “Cyborg Rights” lawsuit after a “biohacker” implanted the chip from a public transport travel card under his skin.