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The Future of Legal Tech: How Technology Is Transforming the Business of Law

MatterSuite

Here are some of the key technologies shaping the legal industry: Artificial Intelligence (AI) and Machine Learning Legal Research: AI-powered platforms, like ROSS, use natural language processing (NLP) and machine learning. It automates the time-consuming process of document review and due diligence.

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AI and Its Impact on the Legal Industry

MatterSuite

Contract Analysis and Due Diligence: AI technologies, such as natural language processing (NLP), have made significant strides in automating contract analysis and due diligence processes. By leveraging machine learning techniques, AI systems can identify patterns and correlations that humans might miss.

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Navigating Rapid Change: How AI Empowers Legal Teams to Stay Ahead

MatterSuite

Predictive analytics can also play a vital role in litigation risk assessment. Analyzing past cases and judge behavior allows legal teams to make informed decisions on litigation, settlement, or alternative dispute resolution. This level of analysis not only expedites due diligence processes but also minimizes the chances of oversight.

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Litera to Acquire Legal AI Pioneer Kira Systems, Enhancing its Transaction Management Offering

LawSites

The company developed what was the first of a now-common class of products that use machine learning for contract review and analysis. Litera said it will incorporate Kira’s machine learning workflows into its Litera Transact transaction management platform. Waisberg will serve as a strategic advisor to Litera.

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Josh Blandi

Colin S. Levy

Josh Blandi is the CEO and Co-Founder of UniCourt , a SaaS offering using machine learning to disrupt the way court data is organized, accessed, and used. We see huge potential in creating a legal ecosystem that runs off our Legal Data APIs and powers the next generation of applications, products, and services.

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Johannes Scholtes: AI Is Finally Here. Now the Hard Work Begins for the Legal Industry (TGIR Ep. 191)

3 Geeks and a Law Blog

So, It’s really interesting, what you’re saying now is, I talked to you, you may know, Jason Baron, you will see former director of litigation supports the White House in the National Archives. Marlene Gebauer 12:06 So Jan, you’ve written about how AI can be used to improve the due diligence process for m&a deals.

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Legal Innovation and AI: Risks and Opportunities

Clio

While much discussion of law firm innovation focuses on technology, such as AI and machine learning, innovation also encompasses mindsets that encourage openness to ideas, collaboration, and addressing client needs. Learn more about the ethics of using AI in our article AI and the Law: What are the Ethical Considerations?