Issue 310 16th May 2023

Intro

Good morning it is Tuesday again time for your weekly shot of legal tech news. This week I like to point out an interesting article on the EU AI Act which is agreed on last week.

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Layoffs at Legal Tech startups

For the second time this year, #legaltech company DISCO is laying off employees.

Full story: https://lnkd.in/ex35jaci

(Also, if we are missing any layoffs in…

Return-to-Office Survey 2023 | Takeaways from Forrest Solutions

Where are the lawyers? A look at the steps firms are taking to boost return-to-office rates.

Why We Invested in TCN

We’re thrilled to announce our investment in The Contract Network, a collaborative contract negotiation software company led by an amazing and experienced team. One of the most inefficient processes in the business world today is contract negotiation. Jim Wagner and Bill Murphy, seasoned professionals with extensive experience in large corporations, were all too familiar with the wasted time and resources that plagued contract negotiations. Bill, the former CTO at Blackstone, had signed thousand

Bard updates from Google I/O 2023: Images, new features

We’re ending the waitlist for Bard, adding support for more regions, introducing images and connecting with partner apps.

News - From Good to Great: Creating a Winning Business Development Culture in Law Firms - The Impact Lawyers

Developing a strong business development (BD) culture is crucial for law firms, as it ensures sustainable growth and strong client relationships. However, many law firms struggle t

Learning from the Past: Why Dismissing Generative AI Is a Risky Proposition for the Legal Industry | Legaltech News

While reflecting before moving forward with transformative technology is prudent, we should not allow resistance to change to exert undue influence on the decision to explore the benefits generative AI brings to the legal field.

AI and the Possibilities for the Legal Profession — and Legal Education - Yale Law School

When a new Yale Law School course — Artificial Intelligence, the Legal Profession, and Procedure — convened in the spring 2023 term, it happened to arrive on the heels of the generative-AI hype wave whipped up by the release of ChatGPT.

Emergence - Cutting Through the Noise to Build an Enduring AI-Enabled Business

Emergence is a top enterprise cloud venture capital firm. We fund early stage ventures focusing on enterprise & SaaS applications. Emergence is one of the top VC firms in Silicon Valley.

ChatGPT and the future

Is ChatGPT a friend or a foe when it comes to knowledge work in law firms? Alex Smith, global product management lead at iManage, examines both sides of the coin.

Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams | LawSites

LexisNexis today announced the preview launch of Lexis Connect, a legal intake and matter management product that works within Microsoft Teams and uses conversational AI assistants to help deliver ans...

For Law, Chat GPT Was Just the Beginning: The Tidal Wave of AI Coming at the Legal Profession, Part 1 | Attorney at Law Magazine

I’ve been writing about legal AI since 2019. While machine learning and Natural Language Progression (NLP) have been around for years, there has been nothing

AI might not steal your job, but it could change it | MIT Technology Review

Advances in artificial intelligence tend to be followed by anxieties around jobs. This latest wave of AI models, like ChatGPT and OpenAI’s new GPT-4, is no different. First we had the launch of the systems. Now we’re seeing the predictions of automation.

EU AI Act: Top 10 Changes in the Latest Draft - Connect On Tech

EU AI Act: Top 10 Changes in the Latest Draft At the end of last week, two European Parliament Committees published the latest version of the EU AI Act. The new draft reflects months of political wrangling, but it also demonstrates that EU legislators have listened to the (many) criticisms levied at the EU AI

The End of Lawyers? Not Yet – Artificial Lawyer

Why would a law firm, or for that matter a corporate legal team, sack a lawyer who is doing a good job? One widely mentioned reason is because the new wave of generative AI could take their role – but will it really?

LegalHelix | We are the G in ESG. Globally.

LegalHelix. We are the G in ESG. Globally. We are the digital platform for up-to-date interpretations of domestic, foreign and transnational legislative, regulatory, and integrity obligations – in clear terms.