Survey shows 39% of Lawyers, 46% of Law Students and 45% of Consumers Agree Generative AI Tools Will Significantly Transform Practice of Law

New York, NY – March 20, 2023 – LexisNexis Legal & Professional® , a leading global provider of information and analytics, today released results from a survey of 1,176 US lawyers, 1,239 law students, and 1,765 consumers demonstrating that the legal market is significantly more aware of generative AI than the general population (88% vs. 57%). In one of the most extensive surveys of its kind, the research was conducted to better understand overall awareness of generative AI, current use of generative AI tools in daily work, and willingness to adopt generative AI tools for various legal matters.

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CHICAGO , March 20, 2023 /PRNewswire/ — Relativity, a global legal technology company, kicks off Legalweek 2023 spotlighting trailblazers driving AI adoption in the legal industry and announcing new AI advancements in RelativityOne for review and redaction.

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We’re excited to be a part of #LegalWeek 2023! As a Legal Technology Innovator, we are looking forward to sharing our latest developments with you. Stay tuned for updates! Schedule a meeting: https://www.knovos.com/events/legalweek-2023/

 

Watch the video: https://www.youtube.com/watch?v=Na-iTdQoUSk

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The latest Filevine user benchmark report hammered home one key fact:

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Pramata’s General Counsel and Chief Evangelist Foster Sayers will present during a workshop on the reshaping of the legal industry and how to thrive in the age of generative AI and ChatGPT. Sayers will also join CrushContracts CEO Roma Khan to present “Becoming a Contract MVP: Establishing a Focused Approach to Contract Management.” In-house legal teams, stretched thin on headcount and resources, are searching for streamlined contract management solutions that are easy to deploy while providing maximum value. Because of its straightforward approach to contract management, Pramata is experiencing extraordinary revenue growth and customer adoption with a solution that gives legal teams their time back.


Who:

  • Foster Sayers, General Counsel and Chief Evangelist, Pramata
  • Aaron Crews, Chief Product and Innovation Officer, UnitedLex
  • Ilona Logvinova, Associate General Counsel, McKinsey & Company, Inc.
  • Danielle Benecke, Founder, Baker McKenzie Machine Learning, Baker & McKenzie LLP
  • Jeff Reihl, Executive Vice President and Chief Technology Officer, LexisNexis

What:   Generative AI has taken the legal world by storm and this workshop session will share insights on how it works, legal applications, and where it can take the industry long term.

When:  Monday, March 20, 2023 at 1:30 p.m.

“With a spotlight on generative AI, the legal industry is in a race to better understand and navigate the opportunities and risks of adoption,” said Sayers. “It’s mission critical for legal professionals to get this right and educate themselves and their clients about generative AI because of the ethical concerns and potential impacts on attorney-client privilege. I look forward to participating in the workshop at Legalweek to help others successfully navigate these issues and adopt amazing applications of generative AI in the legal field.”

Becoming a Contract MVP: Establishing a Focused Approach to Contract Management

Who:    Foster Sayers, General Counsel and Chief Evangelist, Pramata,  Roma Khan, CEO, CrushContracts

What:   This session will provide a fresh take on how legal professionals can flip the script and be viewed as a strategic partner and accelerator.

When:  Wednesday, March 22, 2023 at 2:00 p.m.

Where: Trianon Ballroom, New York Hilton Midtown, New York, New York

 

The session will offer actionable tactics in-house counsel teams can take to bring cost savings and revenue generation to the business and will give attendees an action plan on:

  • How to flip the script from roadblock to strategic partner and accelerator
  • How to simplify and align your contract management program with your business goals for long-term success and better adoption
  • How to find a tech solution that helps you raise the value of the contracts you manage (without slowing you down)

Pramata will be exhibiting at booth 3121, and attendees can book a demonstration of Pramata’s radically simple contract management solution here.

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This step now means that the digital transformation company covers key markets, with offices already established in London, Leicester, Barcelona and New York.

The move to the GCC opens a wealth of opportunity for the company in an expanding region. Cyferd leads the way in digital transformation bringing to life the vision of frictionless business operations and trade for both government and enterprise customers.

The long-standing relationship between Ranjit Bahia, the CEO of Cyferd, and Abdulla Al Mutaiwee, now President Cyferd Dubai, led to a partnership between them both that resulted in the opening of Cyferd LLC Dubai.

“The rate of progress and hunger for innovation in the GCC region is unparalleled and aligns with our own values as a company to constantly push the boundaries of what is possible using technology,” said Ranjit Bahia, CEO.

“Cyferd’s expansion into the GCC region is crucial to meeting the high demand seen for digital business transformation and innovation and an important catalyst for future growth opportunities,” said Abdulla Al Mutaiwee.

For Cyferd, opening an office in Dubai has highlighted the importance of the location for start-up tech companies. The Middle East is the future for tech giants, and with the support of Abdulla, the opening of Cyferd LLC Dubai is crucial for the future expansion of the company.

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ONE Portal to Manage Enterprise eDiscovery Projects!

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The pandemic continues to drive pronounced change in all industries as we adapt to the ‘new normal’ and this is especially evident from the legal perspective. Even the most reticent and tech-averse lawyers have vigorously embraced the new modes of hearings in an effort to continue practicing and supporting their clients.

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Hanzo significantly improves the corporate legal team’s experience managing Microsoft Teams data for ediscovery through pre-collection intelligence, allowing innovative, targeted collections and rapid actionable insights during data analysis.

Hanzo, a global provider of enterprise solutions for legal, governance, and compliance teams, announces the first pre-collection dynamic mapping technology for Microsoft Teams. Hanzo’s Dynamic Mapping technology for Slack powers Hanzo Illuminate, the industry’s first intelligent collection and culling solution for collaboration data empowering enterprise ediscovery teams with best-in-class defensibility and reduction of extraneous data collections by up to 85 percent.*

Microsoft Teams collaboration data has grown to nearly 80% market share** and is increasingly becoming a standard request during the legal ediscovery process. Hanzo’s proprietary technology automatically addresses a critical enterprise ediscovery challenge of automating analysis for huge volumes of data and pinpointing what to collect, reducing the hassle, cost, time, and risk typical of enterprise ediscovery and downstream review processes.

“Why collect everything into a data lake when it is unnecessary,” posited Hanzo VP of Product Dave Ruel. “We know from our years of experience with collaborative data that the scale and complexity of enterprises require a better way to target their collections. They need up-front intelligence to help them effectively cull it to improve all downstream workflows.” 

Dynamic Mapping offers enterprises a pre-collection preview

 

Another typical challenge enterprises face with Microsoft Teams collaboration data is needing more critical context for efficient ECA evaluation. Time and context are especially essential for enterprises when navigating vast amounts of messaging data. Hanzo’s pre-collection intelligence speeds up early case assessment by highlighting where the conversations are happening. Unlike many competitive solutions offered today, Hanzo automatically organizes messaging content into contextual threaded conversations because reviewing data in siloed streams as is standard in Microsoft Purview is complex and inefficient, especially at the scale large enterprises face.

“Hanzo’s mission is to quickly and accurately reduce the noise pointing users to the truth within their data as soon as possible,” commented Ruel. “We leverage our vast experience helping enterprises navigate the complexities and vast volumes of collaboration data, so they have the information they need to limit their risk and make better decisions regarding case strategy.”

2023_hanzo_microsoft_teams

Hanzo Illuminate offers enterprise legal teams key features that significantly improve the user experience:

  • Pre-Collection Intelligence – Provide enterprise teams with a preview of their collaboration environment before collection to target collections, efficiently respond to ediscovery requests, and conduct investigations.
  • Contextual Data Threading – Automatic contextual threading of Microsoft Teams communication data brings the entire conversation into view, delivering clarity and chronological context essential for understanding while saving mission-critical time.
  • Pre-Packaged Review-Platform-Ready Exports – Streamline processes with review-platform-ready exports. Efficiently review custodial chat data in context, including edits/deletes, metadata, message/custodial relationships, and more. Your ediscovery review team will permanently save time by not having to re-process data before reviewing.

 

To learn more about Hanzo Illuminate’s support for Microsoft Teams and how we can help your enterprise better manage ediscovery with collaboration data, contact Hanzo. Be sure to connect with us during Legalweek at Booth 2123 or schedule a meeting at hanzo.co/2023_legalweek.

*Based on aggregated enterprise customer data.

**Source: 2022 Collaboration Data Benchmarking Report, ACEDS & Hanzo

About Hanzo

Hanzo helps global enterprises manage and reduce legal risk wherever work gets done. Our vision is to provide enterprises with a single source of truth for their complex communications data. Hanzo solutions capture investigations, litigation, and compliance data from wherever employees collaborate — efficiently tackling the massive volume and unique complexities that emerging data sources present. Hanzo’s software empowers defensible preservation, targeted collection, and efficient review of dynamic content. Hanzo is SOC 2® Type 2 certified, demonstrating its commitment to data security and serving large corporations worldwide. Learn more at hanzo.co and follow updates on Twitter: @gethanzo or on LinkedIn.

 

Contact

Sarena Regazzoni

Senior Director of Communications

Hanzo

503-407-4208

sarena@hanzo.co

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NEW YORK, NY March 14, 2023 – Priori Legal, the leading legal marketplace for in-house legal teams, today announced significant growth in 2022 on the heels of achieving important milestones for the company. In July 2022, Priori closed a $15 million Series A-1 financing round, setting the stage for growth and development throughout the year. In addition to this financing, the company reported triple-digit revenue growth and net revenue retention. The company more than doubled its headcount in 2022, including adding four new vice presidents to the senior management team.

“We are very proud of our 2022 accomplishments and are so grateful for the trust of our investors and clients as well as the extraordinary hard work of our team, who made our growth possible,” commented Basha Rubin, CEO and Co-Founder of Priori.

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