mylegalmatters

How Lawyers Can Stay Necessary (and Employed) in the Age of Generative AI

Oct 22, 2024 by admin

Advances in generative artificial intelligence, or GenAI, have the potential to disrupt the practice of law for many, many lawyers — especially junior lawyers. A 2023 Thomson Reuters report on the impact of AI on lawyers forecasts an “immense” impact on junior lawyers. This blog has recently reported on an AI tool that can draft […] read more

Just-Launched Quench Uses Gen AI to Bring Greater Speed and Accuracy to Medico-Legal Records Review

Oct 22, 2024 by admin
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A cardiologist with a background in medical technology, computer science and artificial intelligence has launched a product for legal professionals and physician expert witnesses that targets the tedious task of reviewing and analyzing thousands of pages of medical records. The product, Quench SmartChart, uses generative AI to streamline the medico-legal review process, enabling users to […] read more

Exclusive: Law Practice Management Software LEAP Introduces Three AI Features – with A Unique Human-In-the-Loop Twist

Oct 22, 2024 by admin
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The law practice management company LEAP Legal Software is today introducing three artificial intelligence features built directly into its all-in-one practice management platform – including one with a unique human-in-the-loop twist. “LEAP’s AI solutions are not here to replace lawyers or the work they do, but support and complement their expertise by allowing them to […] read more

Thomson Reuters Launches CoCounsel Drafting for Transactional Documents, with Litigation Docs Coming Later this Year

Oct 22, 2024 by admin
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In a further expansion of the CoCounsel AI legal assistant it acquired last year through its purchase of Casetext, Thomson Reuters today unveiled CoCounsel Drafting, a document drafting tool that works within Microsoft Word and that leverages both the generative AI capabilities of CoCounsel and the practical content of Practical Law. Launching today in the […] read more

Clio Sets Legal Tech Funding Record with $900M Raise at $3B Valuation; LawNext Has Exclusive Podcast Interview with Founder Jack Newton

Oct 22, 2024 by admin
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The law practice management company Clio today announced a record-setting raise of $900 million, at a valuation of a whopping $3 billion, in an oversubscribed Series F investment round that the company says will accelerate its ability to continue to build and develop its multi-product platform and expand its market both to larger firms and […] read more

The 25 Largest Legal Tech Investments of All Time

Oct 22, 2024 by admin

In reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete. So I set about trying to come up with a more accurate list. […] read more

Paxton AI Releases Benchmarking Data Showing 94% Accuracy Of Its Legal Research Tool; Also Releases New ‘Confidence Indicator’ Feature

Oct 22, 2024 by admin
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With hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average accuracy on legal research tasks.  Paxton also today released a new Confidence Indicator feature that will […] read more