While there has been no shortage of firms announcing partnerships with legal AI providers, Slaughter and May has gone a step further and taken a 5% stake in Luminance, the due diligence AI supported by tech billionaire Mike Lynch. Continue reading “Slaughters takes 5% stake in Luminance as firms commit to legal AI”
In a push into disputes innovation, Taylor Wessing has started working with legal tech provider Brainspace for UK litigation analysis. Continue reading “Taylor Wessing engages machine learning provider Brainspace for UK disputes”
Linklaters has launched a pair of artificial intelligence (AI) products in the latest innovation push for the Magic Circle firm, including a tool to navigate ring-fencing reforms for core banking clients. Continue reading “Deus ex machina: Linklaters signs up Lloyds and RBS to ring-fencing software”
Linklaters has launched a pair of artificial intelligence (AI) products in the latest innovation push for the Magic Circle firm, including a tool to navigate ring-fencing reforms for core banking clients.
Both Lloyds Banking Group and The Royal Bank of Scotland (RBS) have used the firm’s LinkRFI software, which is used to classify thousands of customer names in a fraction of the time it would take a human to complete. The classifications are needed to help ensure separation between banks’ retail and investment arms, to comply with ring-fencing reforms introduced by the Bank of England.
After a 2016 inflection point for automation, which City players are going beyond the hype and pushing ahead in the use of AI?
It is like 1999 all over again. That year, the legal tech bubble reached bursting point as law firms fell over themselves to demonstrate their commitment to cutting-edge tech. And things started to feel familiar in 2016 as the Magic Circle took its first substantive steps into the sphere of artificial intelligence (AI). But while the investment and hype has expanded, so has the scepticism. Will this be the start of the long-anticipated automation revolution or another false dawn?
Continue reading “The arms race – City rivals ramp up AI tech for the battles ahead”
The Serious Fraud Office (SFO) is using artificial intelligence technology from RAVN Systems to work on its most important cases and has spent more with the software firm than on regular adviser Slaughter and May in the first six months of this financial year. Continue reading “Money machines: SFO spending on AI tops Slaughters as investigators use software in Rolls-Royce case”
Cutting-edge legal tech is no longer an optional extra for law firms. In our latest round table with McCann FitzGerald, legal technologists debate the key barriers to success
The last five years have seen the emergence of early adopters in the legal technology sphere, firms that have embraced innovation and adopted artificial intelligence (AI), data analytics and predictive coding tools, not only to increase efficiency, but to reshape the way they work. Continue reading “The bleeding edge – The legal tech debate”
Awareness of cutting edge legal tech remains limited among senior managers at law firms with a quarter unaware of most emerging technologies including artificial intelligence and machine learning, according to a report from the Law Society. Continue reading “Legal tech landscape remains ‘highly fragmented’, Law Society report claims”
Fieldfisher has formed a new business focused on offering alternative legal services aided by document-reading software. The new business unit, called Condor, is being overseen by former Ashurst head of securities and derivatives Christopher Georgiou. Continue reading “Former Ashurst securities head emerges at Fieldfisher to launch alternative legal business”
RPC’s consulting arm will spend more than £3.5m on its acquisition of Cambridge software company Marriott Sinclair, purchased in July 2015. Continue reading “RPC splashes more than £3.5m on software for loss making consulting arm, LLPs reveal”
