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At the risk of being too editorial, if you want more profits from your legal practice, you should definitely review all editions of the Clio Legal Trends Report (2016, 2017, 2018, and 2019). Stay tuned to hear about recent updates to their practice management platform and hear why legal spend will grow from from 437 billion to 1.4
Finally, Justis suggested innovations law firms could build with AI like research and drafting tools, analytics, dispute resolution systems, and project management. I wanted to talk about some of the things that we hear law firms are doing now with generative AI to help improve the delivery of legal services.
Our guest this week is Kristina Satkunas , Director of Analytic Consulting at LexisNexis. She acknowledges AFAs require effort to evaluate and implement but thinks legal operations teams and outside counsel should work together using data and analytics to develop reasonable AFA proposals. AFAs can help buffer rising hourly rates.
So but I hear we have another Schwartz. So that was terrifying to honestly, to walk into that final hearing, you get sort of like one shot. But there was a moment during the hearing where, you know, I pointed him to one of the pieces of evidence that I had written about in the brief it was good declaration by a medical professional.
But you know, definitely different moving from coastal plains to, you know, high desert. ones that make up a lot of BS analytics. Now, of course, we have judicial analytics. So you even know internally who to reach out to now that might have information that’s useful, in addition to the high level analytics information.
We exploited how essential story elements fit into any investigation or discovery process and made highly complex analytics fit naturally with the way legal professionals want to find answers in ESI. Our model emulates the actual legal reasoning, evaluative, and analytical skills taught to attorneys. What problem do you solve?
I visited almost 20 different vendors, with a focus on artificial intelligence, consulting and analytics solutions. I was impressed with Fastcase’s Docket Alarm – an award winner at the show – that offers full text docket search and alerts, as well as analytics, for federal and some state courts.
Aaron Crews as SVP of analytics and AI at UnitedLex. So there was definitely a lot of interest in it. And, you know, going back to even 2010, when legal analytics came about Lex Macondo company that we acquired a number of years ago, you know that that was a big change as well. We’d love to hear from you.
So I know that I’m definitely more visible now than I was before. And I think one of the kind of the common things that I hear from attorneys is that, I don’t want to look like I’m, you know, I’m just reposting content. When you hear somebody say, Wow, you guys are everywhere. Now, of course, you should look at your analytics.
So yes, you certainly you definitely need someone who’s thinking from that point of view, because and I know a lot of time, people tend to think maybe it’s the COO. If you enjoyed the show, share it with a colleague, we’d love to hear from you. And as always, the music you hear is from Jerry David DeCicca Thank you, Jerry.
So today we are honored and delighted to have Kriti Sharma, Chief Product Officer of Legal Tech at Thomson Reuters, where she leads the development and delivery of innovative and impactful products that leverage data analytics and AI. Kriti Sharma 29:10 Yeah, I think he definitely will. So you can also reach out to us on social media.
Our guest this week is Kristina Satkunas , Director of Analytic Consulting at LexisNexis. She acknowledges AFAs require effort to evaluate and implement but thinks legal operations teams and outside counsel should work together using data and analytics to develop reasonable AFA proposals. AFAs can help buffer rising hourly rates.
So Michael, before we dive into all of the latest in generative AI, let’s talk a little bit about your work at places like Michigan State University School of Law, Stanford and Chicago, Kent, you’ve taught courses on legal analytics and other unique data and tech driven courses. We’d love to hear from you. Or something beyond that?
The Proposed Rules are now subject to a comment period ending on the day of DCWP’s public hearing, which is October 24, 2022. The Proposed Rules appear to narrow this definition in two ways. DCWP will then publish the final rules at some point thereafter, hopefully before the AEDT Law comes into effect.
I think the analytical brain, right? So I don’t know what I’ll do, but I’ll be doing something Greg, definitely. And we’d love to hear from you directly. Are you finding that the people are being creative? Or do you think that that’s kind of a roadblock for this industry in this type of technology? Do they give you any feedback?
Yeah, Paulina Grnarova 22:41 I was gonna say, We’ve definitely seen some some great examples of people playing around with the models, which helps them kind of understand the limitations of the models and the things that you can do with the models. If you enjoy the show, share it with a colleague, we’d love to hear from you.
Finally, Justis suggested innovations law firms could build with AI like research and drafting tools, analytics, dispute resolution systems, and project management. I wanted to talk about some of the things that we hear law firms are doing now with generative AI to help improve the delivery of legal services.
So there will definitely be a politics underlying ChatGPT responses, and that’s going to be the kind of politics of computer users, mostly men, mostly kind of libertarian-ish types, and so on. .” And so they definitely have a front end approach to that, as in filtering out requests that are obnoxious.
But you know, definitely different moving from coastal plains to, you know, high desert. ones that make up a lot of BS analytics. Now, of course, we have judicial analytics. So you even know internally who to reach out to now that might have information that’s useful, in addition to the high level analytics information.
The values and culture that make Lawmatics one of the best places to work Growth goals for Lawmatics this year Stay tuned for some insights on how technology like AI and predictive analytics will shape the legal landscape. It definitely was not romantic for me, but I thought it could be a good business to run. I'm in trial.
Central to Summize’s implementation is their “Hero Framework,” a three-step process designed to reduce legal bottlenecks, enhance efficiency, and track progress with actionable analytics. And so that way it’s set, you know, it definitely fits within a certain timeframe. Tom Dunlop (11:23) Yeah, definitely.
So today we are honored and delighted to have Kriti Sharma, Chief Product Officer of Legal Tech at Thomson Reuters, where she leads the development and delivery of innovative and impactful products that leverage data analytics and AI. Kriti Sharma 29:10 Yeah, I think he definitely will. So you can also reach out to us on social media.
Aaron Crews as SVP of analytics and AI at UnitedLex. So there was definitely a lot of interest in it. And, you know, going back to even 2010, when legal analytics came about Lex Macondo company that we acquired a number of years ago, you know that that was a big change as well. We’d love to hear from you.
The conversation also covers the role of analytics in identifying and addressing disparities in the legal system, as well as the future of the fellowship program and initiatives. Whitney Triplet 18:59 The biggest problem is definitely systematic. What in during your research on this?
So Michael, before we dive into all of the latest in generative AI, let’s talk a little bit about your work at places like Michigan State University School of Law, Stanford and Chicago, Kent, you’ve taught courses on legal analytics and other unique data and tech driven courses. We’d love to hear from you. Or something beyond that?
Their responses range from predictions that AI will help automate legal workflows and build tools faster, to allowing for better data analytics and metrics to improve client relationships and retention. Like for example, my company deal with definitely, there are very few publicly trained model. Greg Lambert 11:02 All right.
I think the analytical brain, right? So I don’t know what I’ll do, but I’ll be doing something Greg, definitely. And we’d love to hear from you directly. Are you finding that the people are being creative? Or do you think that that’s kind of a roadblock for this industry in this type of technology? Do they give you any feedback?
We exploited how essential story elements fit into any investigation or discovery process and made highly complex analytics fit naturally with the way legal professionals want to find answers in ESI. Our model emulates the actual legal reasoning, evaluative, and analytical skills taught to attorneys. What problem do you solve?
So yes, you certainly you definitely need someone who’s thinking from that point of view, because and I know a lot of time, people tend to think maybe it’s the COO. If you enjoyed the show, share it with a colleague, we’d love to hear from you. And as always, the music you hear is from Jerry David DeCicca Thank you, Jerry.
And they were more than happy to hear that. So I, you know, I don’t think you necessarily see that in every community, especially in legal but but it definitely helps us Marlene Gebauer 8:38 True, true. Dorna Moini 18:44 Yeah, definitely. And I know people don’t love to hear that. So Dorna, shifting to you.
So definitely what that team is working on and activity coming into Thomson Reuters, which happened just as the survey was launching was probably the most prominent name that you’re going to see repeated throughout the survey. And so of course, you know, no doubt this year is around AI last year was around analytics.
This week we have Damien Riehl , VP, Litigation Workflow and Analytics Content at FastCase, and one of the drivers behind SALI (Standards Advancement for for the Legal Industry.) Damien is definitely a “big thinker” when it comes to the benefits of creating and using standards for the legal industry. We’d love to hear from you.
This week we are joined by Shayne Phillips , Director of Analytics Solutions at Anaqua / Acclaim IP. With millions upon millions of patents to parse through, there is definitely value in leveraging the technology to enhance the role she plays in finding the hidden jewels that are buried in patent information. Welcome, Shayne.
I think, really on, on all, in every respect, it was, it was definitely worth doing again. So we’re definitely to do it again. But we’re definitely going to do it again. So we’re definitely doing it again. And it was really nice to hear a lot of people’s because we did call on people, we put people on the spot.
Marlene Gebauer 6:43 I was definitely a point six. And then kind of looking at, you know, the typical story that we hear of a lot of tech companies, as they, you know, identify a discrete problem, but I want to twist it just a little bit. And the rest is history, as they say, award, you give you the long winded answer.
The conversation also covers the role of analytics in identifying and addressing disparities in the legal system, as well as the future of the fellowship program and initiatives. Whitney Triplet 18:59 The biggest problem is definitely systematic. What in during your research on this?
Their responses range from predictions that AI will help automate legal workflows and build tools faster, to allowing for better data analytics and metrics to improve client relationships and retention. Like for example, my company deal with definitely, there are very few publicly trained model. Greg Lambert 11:02 All right.
So definitely what that team is working on and activity coming into Thomson Reuters, which happened just as the survey was launching was probably the most prominent name that you’re going to see repeated throughout the survey. And so of course, you know, no doubt this year is around AI last year was around analytics.
To recap, the DCWP released an initial set of proposed rules on September 23, 2022, and held a public hearing on November 4, 2022. Due to the high volume of comments expressing concern over the Law’s lack of clarity, the DCWP issued a revised set of proposed rules on December 23, 2022, and held a second public hearing on January 23, 2023.
The term “automated employment decision tools” is broadly defined as any “computational process, derived from machine learning, statistical modeling, data analytics, or artificial intelligence” that “issues a simplified output.” Council review with a public hearing scheduled for September 2022.
I think, really on, on all, in every respect, it was, it was definitely worth doing again. So we’re definitely to do it again. But we’re definitely going to do it again. So we’re definitely doing it again. And it was really nice to hear a lot of people’s because we did call on people, we put people on the spot.
Marlene Gebauer 6:43 I was definitely a point six. And then kind of looking at, you know, the typical story that we hear of a lot of tech companies, as they, you know, identify a discrete problem, but I want to twist it just a little bit. And the rest is history, as they say, award, you give you the long winded answer.
The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. Greg Lambert 18:37 It definitely feels like real change. We’d love to hear from you.
There you are listeners, you can hear that. We did you know, we’ve partnered with an analytics company, and we did a, you know, study on where we are, then we create a report, think about new ways in which we can be addressed, trying to partner with organisations to help them tackle it, and recognise that it is a problem.
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