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Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must lawfirms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Rising cyberthreats.
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
AltFee Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. What makes you unique or innovative? and Beagle.
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller lawfirms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Firms Ready for Remote Work.
I first wrote about Athennian in 2020, when it stepped out of its stealth development mode to announce an $8 million CAD Series A investment, on top of a previously unannounced $2 million CAD seed financing round in 2019. . Fishman founded Jade in Atlanta in 2020. Read about Nexl in the LawNext Legal Tech Directory. Proof Raises $7M.
Legal professionals agree that the pandemic accelerated the critical role of technology in the future success of their lawfirms and legal departments, but only a third believe their organizations are well prepared for addressing technology’s increasing importance. Firms Investing in Tech. Organizations Poorly Prepared.
The COVID-19 pandemic may have dampened global trade in 2020; however, the World Trade Organization forecast a strong growth recovery in 2021 continuing into 2022. Multilingual E-Discovery . To compound the challenge, corporate attorneys and lawfirms must now sift through terabytes of electronic data.
During the past two years, the pace of tech adoption quickened as firms moved to automate their practices for remote work and virtual practice. We wondered what tools or initiatives small firms might open their wallets for this coming year. Are you still using a file server and having people access it with a VPN?
Founded in 1982 as Rippe & Kingston Systems and rebranded last year , SurePoint provides SaaS-based software that addresses all areas of lawfirm operations, including financial management, payment processing, mobile timekeeping, billing, business intelligence, and real-time reporting. billion in assets under management as of Dec.
Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into lawfirms in 2023. Elevator pitch: Affordable cybersecurity solutions are lacking and 29% of lawfirms have suffered a security breach.
In this blog, well tell you all you need to know about how to better manage a lawfirm productively for a flourishing practice. Hire the appropriate staff In a smaller lawfirm, one staff member can make a huge impact on your firm. Eventually, technology has upped the wager of legal services.
But for out-of-state attorneys, Delaware presents unique procedural hurdles, including that all electronic case filings must be done by local counsel licensed in Delaware, and that any electronic notices of filings must be distributed via that local counsel. . Farnan , a partner with Farnan LLP in Wilmington, Del. “It
But for out-of-state attorneys, Delaware presents unique procedural hurdles, including that all electronic case filings must be done by local counsel licensed in Delaware, and that any electronic notices of filings must be distributed via that local counsel. . Farnan , a partner with Farnan LLP in Wilmington, Del. “It
But 2020 brought us a combination that proved challenging: working from home while also doing live audio and video broadcasts from there. When changes happened rapidly in 2020, any connection that worked was a good one. She was Co-Chair of the 2020 ABA TECHSHOW Planning Board. Is someone texting me at this hour?
While lawfirms may have been resistant to accepting online or electronic payments in the past, technology has changed the game. Today’s legal technology offers solutions that make electronic payments secure and convenient while helping firms meet their compliance and ethical obligations. What are electronic payments?
Steno , a tech-enabled provider of litigation support services, whose flagship product, DelayPay , enables lawfirms to defer service costs until their case resolves, has closed a Series B funding round of $15 million, bringing its total raise to $38.5 This latest round was led by Left Lane Capital. ” . ”
The ordeal typically involves carving out time in your busy day to print paperwork, hand-delivering it to the courthouse (or arranging a courier), and then obtaining a file stamp. As technology progressed in recent decades, many courts started to let legal professionals e-file their documents.
For example, Attorney at Work’s Top 20 Articles of 2021 captures the zeitgeist of what’s on the minds of small lawfirms. Legal research tasks used to fall into one of three groups with time as the limiting factor — doable by any lawfirm, doable only by large firms such as 50 state surveys, and impossible.
By guest blogger Elizabeth Townsend Gard , John E. Koerner Endowed Professor of Law, Tulane University Law School [See part 1 about defendant opt-outs and part 2 about defendant defaults.] Eight months after filing, the first two Copyright Claims Board (CCB) Final Determinations have been handed down.
Lawfirms have historically been reluctant to adopt new technology. . Consider the following data: A 2020 ABA survey states that just 58% of firms store their data in the cloud, and only 7% of survey respondents used tools that deploy artificial intelligence (AI), despite AI’s popularity in other industries such as finance. .
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
Steno , a tech-enabled provider of litigation support services, whose flagship product, DelayPay , enables lawfirms to defer service costs until their case resolves, has closed a Series B funding round of $15 million, bringing its total raise to $38.5 This latest round was led by Left Lane Capital.
designed to enhance your e-discovery workflows with powerful new features and improvements. Users can now produce redacted Excel files in both PDF and image formats, providing greater flexibility and convenience when working with sensitive data. Users can now select a subset of pages from a single PDF file to create sub-documents.
It was sometime around April 2020. Download: The Complete Guide of Document Automation Software for LawFirms. Here’s the real punchline: I don’t practice traffic ticket law. If you’ve ever handed over your contact information to download an e-book, you’ve been on the other end of a lead magnet.
Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into lawfirms in 2023. Elevator pitch: Affordable cybersecurity solutions are lacking and 29% of lawfirms have suffered a security breach.
According to the American Bar Association 2020 Techreport , 60% of its survey participants answered “yes” to the basic question of whether they had used web based or software as a service (SaaS) applications in their practice. The Legal Ethics of AI) E-Discovery Ethical Conundrums (In-House Counsel Edition)
Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. What makes you unique or innovative? and Beagle.
During another conversation, I had the opportunity to share my professional experience working at a general practice lawfirm for many years. In November 2020, I was informed that the state bar was actively discussing regulatory reform and it was suggested I submit a proposal as soon as possible.
So this week, what I decided to do was to look at a news feed that I had set up that monitors lawfirm podcasts. So that’s a interest of mine, I want to know what’s going on with other lawfirms and what kind of podcasts they’re putting out. AI-Ethan 9:34 Mayor Brown put out its 2023 trends for technology transactions.
She talks about how she discovered the power of AI-generated images through OpenAI DALL-E and how it helped her overcome her pain and isolation. But without being in the crucible of a lawfirm right off the bat. Or are we still unclear about what they’ll do when, you know, Roger goes to file copyright protection?
She talks about how she discovered the power of AI-generated images through OpenAI DALL-E and how it helped her overcome her pain and isolation. But without being in the crucible of a lawfirm right off the bat. Or are we still unclear about what they’ll do when, you know, Roger goes to file copyright protection?
In today’s rapidly-evolving legal technology landscape, there is an abundance of tech tools available to help set lawfirms up for success. By understanding what lawyer tools and equipment other legal professionals are using, you can decide what your firm can use to help it operate as effectively as possible.
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