Join us for our session, Decoding the Role of AI in Litigation, on Wednesday, January 31 at 3:30 – 4:30 pm in Regent.

This session will provide a clear understanding of various kinds of AI, demystify common misconceptions, and empower you to leverage AI technologies to their full potential in legal proceedings. We will take an in-depth look at AI’s current and potential uses in litigation, from predictive analytics to automated document review, drafting, and due diligence, and offer insights into how AI may be successfully integrated into litigation processes in the future. ​

​Discussion topics include: ​

  • The principles, functionality, and potential challenges of using AI in litigation​
  • AI’s role in drafting legal documents, automating due diligence, legal research, and predictive analysis of court decisions​
  • How different law firms and legal departments have adopted this technology and its impact on their practices​
  • How to prepare for AI use and adapt to changes in a rapidly evolving tech landscape
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(Best) practice makes perfect!

 

Discover 7 #EnterpriseContractManagement best practices to succeed in 2023 – including leveraging #ContractWorkflow automation and audit trails.

 

Read here: https://www.cobblestonesoftware.com/blog/enterprise-contract-management-best-practices-to-succeed

 

#ContractManagement #ContractManagementSoftware #CobbleStoneSoftware #DigitalTransformation #LegalTech #LegalTechnology #Contracts #Contract #ContractManager #ContractsManager #ContractAdministration #ContractAnalytics #ContractLifecycleManagement #ContractAutomation #CLM #ContractIntelligence #AI #ArtificialIntelligence #Risk #Automation #ContractSpecialist #ContractAdministrator #ContractAdministrators

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Nearly half of law firm leaders are exploring new lines of business or billable opportunities as a result of generative AI technology

NEW YORK, January 31, 2024 – LexisNexis® Legal & Professional, a leading global provider of information and analytics, today released results from a survey of senior leadership at top U.S. law firms and legal professionals at Fortune 1000 companies. The survey was conducted to better understand the business impact of generative AI technology on the legal industry and how it is redefining itself.

Click for press release.

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We’re thrilled by the overwhelming interest from Legalweek attendees in our AI-powered legal tech solutions at the Knovos booth! If you’re in town for the show, don’t miss the chance to stop by booth #3111 and say hi to our fantastic team. We’d love to connect with you! Explore more: https://www.linkedin.com/feed/update/urn:li:activity:7158312729135460352

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Program Empowers Legal Teams to Manage Outside Counsel Spend and Compare Their Firms on Performance and Pricing

NEW YORK, NY January 30, 2024 – Priori, the leading legal technology platform for outside counsel decision-making, today announced the company is introducing new RFP, reviews and scorecarding features for free during a six-month Early Access Program available to existing and new clients.

The newly launched features will empower legal teams to send requests for proposals (RFPs) to their own trusted law firm networks directly through the Priori platform and leverage structured reviews and scorecards to better track and maintain knowledge about their preferred firms’ performance over time.

Importantly, legal teams will also have the option to receive proposals from Priori’s global legal marketplace of vetted law firms, lawyers, legal operations professionals and ALSPs to compare side-by-side with quotes from their own trusted law firm network, helping them select the right talent and drive cost savings when hiring for new matters.

“We’re incredibly excited to offer these new features that will help legal departments get even more value from our platform,” commented Basha Rubin, CEO and Co-Founder, Priori. “With RFP, reviews and scorecarding available as a value-add to Priori users, existing and new, corporate legal departments will have a first-of-its-kind opportunity to track their firms’ performance, compare pricing and source new firms, all through one platform.”

According to the Association of Corporate Counsel, the largest companies have a legal spend of $246 million annually with more than 50% of that spend going to outside resources such as law firms and alternative legal services providers. With so much at stake, it’s unsurprising that optimizing legal spend and controlling costs are among the highest priorities for legal departments. With this program, legal teams at companies of all sizes can access tools that allow them to analyze their current spend, track law firm performance and right-source legal work by sending it to the optimal provider.

EARLY ACCESS PROGRAM

Beginning February 15, 2024, legal teams and Priori Marketplace users can trial the new features free for six months by signing up for Priori’s Early Access Program:

  • RFP – Send requests for proposals to trusted law firm panels and, if desired, simultaneously receive proposals from Priori Marketplace. Using this structured RFP process, legal teams can negotiate better terms and pricing with their law firms and select the right firm for a new project, whether from existing panel relationships or Priori’s broader marketplace.

  • Reviews – Leverage private, structured data reviews to better track law firm performance over time, providing legal teams with another key vector to inform and improve hiring decisions and align with company and legal department initiatives.

  • Scorecarding – Easily and intuitively compare law firm performance through automated visual dashboards. Using this new feature, legal teams can track key performance metrics and use data to make informed decisions about future legal projects or matters.

Priori will highlight these three new features at Legalweek 2024 from January 29 – February 1.  To learn more about these product enhancements and sign up for the Early Access Program, please visit the Priori website.

Rethinking Outside Counsel Management 

Priori works with in-house legal teams at companies of all sizes to connect legal departments with the right outside counsel for projects globally, saving them time and money. Priori’s clients include everything from Fortune 50 enterprises to leading technology companies. Marketplace is the company’s flagship product connecting in-house teams with Priori’s global vetted network of attorneys. Today, Marketplace provides access to thousands of attorneys at firms of all sizes in all 50 states, 70 countries and covering more than 700 practice proficiencies. Scout takes the hypergranular searching and matching capabilities of Priori Marketplace and leverages them to create a new platform for outside counsel management. Combining Marketplace’s proprietary technology with AI creates efficiencies and delivers unprecedented insights for Scout users.

About Priori Legal (‘Priori’)

Priori revolutionizes how legal teams find, engage, and manage outside counsel. Ranked a Chambers Tier 1 Global LawTech company, one of the fastest-growing private companies by Inc. and a Financial Times Intelligent Business, Priori’s cutting-edge technology powers two products that are redefining the procurement of legal services. Marketplace is a global platform that connects in-house legal teams with new talent from a vetted, global network of attorneys at firms of all sizes. Scout surfaces insights about trusted outside counsel relationships to drive informed hiring decisions and D&I initiatives. For more information, visit www.priorilegal.com.

 

Contact Information: 

Priori Legal

Jill Black, Vice President, Marketing

jill.black@priorilegal.com

713-560-9225

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CounselX for Legal Professionals

Why Join CounselX Pro?

Low Overhead: Say goodbye to the heavy expenses of running your own practice. Joining CounselX Pro means you can focus on your legal work while we handle administrative tasks.

Global Network: Connect with clients and legal professionals from around the world, expanding your professional horizons.

Diverse Expertise: Work on projects that match your specific legal specialization and background. We celebrate your unique strengths.

Flexible Engagement: Choose between on-site placements or remote collaborations for work-life balance.

Join Us:

Unlock your potential as a legal pro with opportunities that match your ambition for new challenges, respect, financial goals, and work-life balance. Discover how we pave the way for your professional growth and help you achieve your financial goals.

Connect with us and let us take the stress out of your career path, taking the monkey off your back!

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Join us for our session, Navigating the Cyber Threat Terrain: Cybersecurity, Privacy and Legal Sector Focus, on Wednesday, January 31 at 11:30am – 12:oopm in Beekman.

As cyber threats continue to evolve with increasing sophistication, it’s essential for everyone within an organization to stay informed about the cyber landscape of 2024, especially those in the legal field. In this vital session, we will explore the latest cyber attack trends and emphasize the importance of a fortified risk posture to shield your organization. ​

​Key discussion points will cover the intensification of cyber threats due to stringent regulations, and how Microsoft is positioned to assist customers in staying compliant with these regulatory demands. Furthermore, we will delve into how companies are adjusting their strategies in response to the dynamic cyber security market. ​

C-Suite executives will gain insights on pivotal questions to pose to their security teams and the informative responses they should anticipate. This session is crucial for legal tech professionals, C-suite members, and security practitioners aiming to bolster their defenses in the face of the ever-changing cyber threats.

 

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Newark, NJ – January 31, 2024 – KL Software Technologies (KLST), a software and services provider of collaboration tools, announces the launch of a new data-driven, bilingual intranet using Microsoft SharePoint Online for the professionals at the international law firm Fasken Martineau DuMoulin LLP (Fasken). The firm’s robust intranet now offers all employees access to information that is professionally relevant to them, including company-wide news, events, financial dashboards, document management access, a firm directory and more. Mobile version was also created for professionals on the go.

Click for press release.

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Exults, a leading name in digital innovation, is proud to introduce ExultsX, AI-Powered Legal Assistant, a new AI platform that promises to redefine the legal industry. ExultsX, the latest brainchild of Zach Hoffman, Founder, President, and CEO of Exults, will make its official debut at Legalweek New York 2024 on January 29, 2024. This groundbreaking platform distinguishes itself as a service-oriented collaborator, dedicated to elevating the operational capabilities of legal professionals.

Click for press release.

At the forefront of legal innovation, ExultsX automates a spectrum of legal tasks, ranging from comprehensive document analysis to advanced legal research, employing state-of-the-art AI algorithms. ExultsX enhances efficiency, accuracy, and productivity within the legal field. It’s not merely an AI assistant; ExultsX is an AI partner that aligns seamlessly with a firm’s distinctive legal ethos.

Be sure to visit Exults booth #1411 at Legalweek New York 2024

ExultsX

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Casepoint welcomes Christopher Kruse! As Executive VP of Commercial and Advisor, Chris’s rich experience in #legaltech positions Casepoint for high-growth success. His wealth of experience in legal technology and successful track record in scaling SaaS businesses align perfectly with Casepoint’s vision for growth.

Click for full press release.

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