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Risk and tech: Looking Glass report shows budget and skills gap the biggest issue for GCs

Less than half (43%) of general counsel and board members (35%) believe their organisations are sufficiently prepared for the impact of rising political risk and despite acknowledged increased cyber risk there is a tangible skills gap when it comes to investing in the right technology, according to a new Looking Glass report from Clyde & Co and Winmark that is definitely worth a read.

19/03/2019

Comment: Cyber Governance 101 – Who to trust?

IT Directors are facing a predicament – budgets for IT services including cybersecurity are on the rise in 2019, but the cybersecurity industry continues to promote the myth that the complex, expensive solutions are the only way to mitigate the threat from the omnipotent, superuser hacker. Do IT teams then simply allocate significant proportions of budget to these silver bullet solutions that will tackle these unknown threats? Erm, no.

19/03/2019

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Expert Systems: Littler’s CKO talks adoption

“I don’t want lawyers to code any more than I want coders to run litigation,” – Littler Mendelson’s chief knowledge officer Scott Rechtschaffen discusses at SOLID San Francisco why he likes no code expert systems and gives an example of a risk assessment tool built by the firm as well as how he has expanded the number of lawyers building applications to help clients.

18/03/2019

Expert Systems: Littler's CKO talks adoption

“I don’t want lawyers to code any more than I want coders to run litigation,” – Littler Mendelson’s chief knowledge officer Scott Rechtschaffen discusses at SOLID San Francisco why he likes no code expert systems and gives an example of a risk assessment tool built by the firm as well as how he has expanded the number of lawyers building applications to help clients.

18/03/2019

Comment: The transformational effect of small changes

Digital transformation – nothing short of “harnessing the power of digital technology to rethink every aspect of the organisation” (according to McKinsey) – is the hottest of hot topics, says Autto’s co-founder Max Cole. Recently, the government launched a grant competition – Transforming Accountancy, Insurance and Legal Services (TAILS) – aimed at digital transformation in the professional services arena, and Autto was one of the winners. But adopting technology without fully and clearly understanding what it is going to solve is a hiding to nothing, he says.

18/03/2019

Deadline Alert! The deadline for the March issue of the Insider is this Friday – 22 March

The deadline for you to get all wins, deals, and people moves to us for the next (March) issue of the Legal IT Insider newsletter is THIS Friday – 22 March. Please flag all exclusives so we can give them profile elsewhere in the newsletter.

18/03/2019

Something for the Legal IT weekend: Meridius Matters

Never knowingly lost for words, it’s appropriate then that Intapp’s former marketing guru turned consultant Dan Bressler has launched a new media platform to provide ‘insight, intelligence and inspiration’ in the form of interviews with senior industry players and his own thought leadership.

16/03/2019

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Bellwether Brexit Report: Small firms are “confident” but still not investing in tech

Sick of Brexit? So are we. But here is a Bellwether Report from LexisNexis that show small law firms are feeling pretty optimistic about life, with 91% surveyed confident of the future and that their businesses are either stable or growing compared with a few years ago. Slightly worryingly, only around a third are increasing their investment in processes and technology.

15/03/2019

Bellwether Brexit Report: Small firms are "confident" but still not investing in tech

Sick of Brexit? So are we. But here is a Bellwether Report from LexisNexis that show small law firms are feeling pretty optimistic about life, with 91% surveyed confident of the future and that their businesses are either stable or growing compared with a few years ago. Slightly worryingly, only around a third are increasing their investment in processes and technology.

15/03/2019

Harvard Business School makes a case study out of Lexoo

Harvard Business School has made a rare new case study out of online legal marketplace Lexoo for its MBA program, in which students pore over the real life business decisions made by Lexoo co-founders Daniel Van Binsbergen and Chris O’Sullivan as the basis of discussion in its Managing Service Operations (MSO) course.

14/03/2019

CRM shake up: Bakers becomes first Intapp DealCloud law firm client

Baker McKenzie has become the first law firm client of Intapp’s newly-acquired professional services deal and client relationship management system DealCloud, we can reveal, in a move that is likely to lead to a further shakeup of the legal CRM market.

13/03/2019

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Another Wavelength hire: Chris Simkins to join from Royal Mail

Wavelength Law will tomorrow (13 March) welcome Royal Mail legal adviser Chris Simkins as its latest recruit, only shortly following the arrival of new head of client operations Barbara Hamilton-Bruce, as the legal engineering company hits the circa 30-staff mark.

12/03/2019

Smart Time Infographic: A 50 year history of tech in legal

Thanks to Smart Time Apps for what they call a fun infographic documenting Legal Tech Turning Points: A 50 Year History of Technology in the Legal Industry. Fun yes – we definitely had a mobile phone like a brick, love it – but NetDocuments will quite fairly go bonkers at the suggestion that they moved to the cloud post 2015, when in fact they were founded in 1999 as a SaaS product long before the wider move towards web-based services.

12/03/2019

Owning the desktop: Litera Microsystems to integrate with Kira

Following the announcement last week that it will extend its integration programme to content providers, Litera Microsystems has signed an agreement with Kira Systems that will see Kira become available through Litera’s Microsoft Word toolbar, we can reveal.

11/03/2019

DWF to spend "up to £10m" on IT systems post-float

Following the announcement on 8 February 2019 of its intention to proceed with an initial public offering DWF Group Limited today (11 March) announces the successful pricing of its shares, which will see it invest up to £10 million will be invested in additional IT systems, including a portion of that to contribute to the development of the group’s global platform for managed services.

11/03/2019

DWF to spend “up to £10m” on IT systems post-float

Following the announcement on 8 February 2019 of its intention to proceed with an initial public offering DWF Group Limited today (11 March) announces the successful pricing of its shares, which will see it invest up to £10 million will be invested in additional IT systems, including a portion of that to contribute to the development of the group’s global platform for managed services.

11/03/2019

Shawn Curran joins Travers as head of legal technology

Freshfields Bruckhaus Deringer’s innovation consultant Shawn Curran is to join Travers Smith today, 11 March, as head of legal technology, rejoining Oliver Bethell, who left Freshfields last year to take over as chief technology officer at the UK top 40 law firm.

11/03/2019

#IWD19: We catch up with six women in legaltech to talk gender diversity

On International Women’s Day we speak to six women across the legal tech industry about how far the sector has come, or not come, in terms of gender diversity, what the biggest challenges are, and why diversity matters.

08/03/2019

Inhouse Legal: Spend management a priority but not spend management tech – No change there then!

“A very interesting finding was that although reducing legal spend is the second priority of those surveyed, and that most law firm service issues are billing related, less than half of legal departments are using spend management software.”

08/03/2019

It’s official: 40% of AI startups don’t use AI

As CIOs from the world’s biggest law firms heatedly debated…

06/03/2019

#GlenLegal19: Why legaltech makes sense for private equity

A sense of community, the opportunity to drive productivity and a huge new wave of tech solutions, make legaltech an exciting space for private equity investors, Hector Guinness of HgCapital, which has investments in Mitratech and German legaltech company STP, told a packed room of CIOs at the Legal Leaders IT Forum, in his after dinner speech.

05/03/2019

LOD selects Eigen Technologies

In a highly significant win for Eigen Technologies, LOD (Lawyers On Demand) is to deploy the London-founded company’s natural language processing (NLP) technology to automate the analysis of its clients’ legal documents as part of a new LOD client offering called Designed Solutions.

04/03/2019

Tessian raises $42m led by Sequoia

Unusually described by one UK top 50 CIO we chatted with recently as a “dream product”, Tessian has raised $42m in a Series B funding round led by Sequoia – famously one of the first investors in Apple – to accelerate its expansion in the US and other global markets.

01/03/2019

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\\\Collabora8.IT-Reimagining legal services post-COVID-19: Join our webinar with Mitchell Kowalski

\\\Collabor8.IT – Business continuity webinar: We talk leadership priorities with Litera’s CEO Avaneesh Marwaha

Collabor8.IT – TalkingTech

\\\Collabor8.IT – Legal IT Insider editor Caroline Hill spoke with Michele DeStefano, professor of law at the University of Miami and founder of LawWithoutWalls (LWOW) on the topic of ‘What now for innovation post COVID-19.’

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