Law

Penalties Loom Large for Unclaimed Property Reporting Missteps
Penalties Loom Large for Unclaimed Property Reporting Missteps
November 06, 2024  |  Regulation

Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states...

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Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
January 26, 2024  |  Investments

Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. This investment will enable the legal technology company to...

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AffiniPay Adds Generative AI to Legal Tech Products
AffiniPay Adds Generative AI to Legal Tech Products
January 24, 2024  |  artificial intelligence

Online payments firm AffiniPay has embedded generative artificial intelligence (AI) into its legal technology offerings. “At AffiniPay, we believe generative AI can drive the type of efficiencies and insights...

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Rocket Lawyer Debuts AI-Powered Name-Generating ‘Copilot’
Rocket Lawyer Debuts AI-Powered Name-Generating ‘Copilot’
December 21, 2023  |  artificial intelligence

Legal services platform Rocket Lawyer has introduced an artificial intelligence (AI)-powered customer tool. “Rocket Copilot combines powerful generative AI with professional human expertise to give customers a simple and...

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Law Firm Allen & Overy Debuts AI Contract Negotiation Tool
Law Firm Allen & Overy Debuts AI Contract Negotiation Tool
December 21, 2023  |  artificial intelligence

British law firm Allen & Overy has introduced an artificial intelligence (AI)-powered contract negotiation tool. The new product, the subject of a Thursday (Dec. 21) Financial Times...

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Use of AI in the Legal Industry Faces Challenges
Use of AI in the Legal Industry Faces Challenges
November 14, 2023  |  Artificial Intelligence

The legal industry’s widespread adoption of generative artificial intelligence (AI) will necessarily involve recalibrating workforce roles and skills and reckoning with varying degrees of readiness...

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The Legal Industry Is Ripe for the Adoption of AI
The Legal Industry Is Ripe for the Adoption of AI
November 13, 2023  |  Artificial Intelligence

Historical resistance to change In multiple ways, the legal industry is inherently resistant to disruptive change: It is bound by long-established ethical considerations, the sensitive...

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72% of Lawyers Doubt the Industry Is Ready for Generative AI
72% of Lawyers Doubt the Industry Is Ready for Generative AI
November 10, 2023  |  Artificial Intelligence

At its core, legal work demands meticulous attention to detail, extensive research and nuanced argumentation — intellectually rigorous and time-consuming tasks. The complexity of legal...

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Regulators Look to New Tools, Tactics to Keep Pace with Innovation
Regulators Look to New Tools, Tactics to Keep Pace with Innovation
December 08, 2021  |  Regulation

In most industries, it’s been a long time since inspectors could just come into a plant with a clipboard and checklist and effectively regulate. But...

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