Anyone following artificial intelligence in law knows that its first great cost saving has been in the area of document discovery. Machines can sort through duplicates so that associates don’t have to read the same document seven times, and they can string together thousands of emails to put together a quick-to-read series of a dozen
Artificial Intelligence at Law Firms: The New Standard for “Smart” Lawyers
By now, if a lawyer isn’t thinking hard about how automation is going transform the business of law, that lawyer is a laggard.
You see the way computers upended the taxi, hotel, book and shopping mall businesses? It’s already started in law too. As firms face resistance over pricing and are looking to get more
The Cosby Trial’s Lesson: Evidence is Good, Admissible Evidence is Better
One lawyer we know has a stock answer when clients ask him how good their case is: “I don’t know. The courts are the most lawless place in America.”
What he means is that even though the law is supposed to foster predictability so that we will know how to act without breaking our society’s
EB-5 Visa Due Diligence: How to Spot the Warning Signs of Fraud
Another EB-5 visa fraud, more burned investors. For people outside the United States trying to pick a reputable investment that will get them permanent residency in the U.S., sorting through hundreds of projects is often the hardest part of the job.
There is plenty written about what you should do before you invest, one of
3 Ways to Improve Law Firm Innovation
Lawyers need to find witnesses. They look for assets to see if it’s worth suing or if they can collect after they win. They want to profile opponents for weaknesses based on past litigation or business dealings.
Every legal matter turns on facts. Most cases don’t go to trial, fewer still go to appeal, but
Is Your Law Firm Creative Enough? If Yes, Guess Again
We don’t usually think of the law as the place our most creative people go. Lawyers with a creative bent often drift into business, where a higher risk tolerance is often required to make a success of yourself. Some of our greatest writers and artists have legal training, but most seem to drop out when
A Manual for How to Blow Your Due Diligence
Step one: don’t have a manual. That’s the message in an information-packed new book about the inner workings of the SEC just after the Madoff and now largely forgotten (but just as egregious) Allen Stanford frauds.
In his memoir of five years at the agency, former SEC Director of Investment Management Norm Champ (now back
Due Diligence When Databases Fail
What to do when the databases you rely on start stripping out the very data you are paying for?
Word in today’s Wall Street Journal that the main credit reporting firms will be removing many civil judgments and tax liens from credit reports prompts us to restate one our core beliefs:
Not only do databases
The Best Picture Mix-Up and Artificial Intelligence
What will it take for artificial intelligence to surpass us humans? After the Oscars fiasco last night, it doesn’t look like much.
As a person who thinks a lot about the power of human thought versus that of machines, what is striking is not that the mix-up of the Best Picture award was the product
The Fake News Problem in Corporate America
There is a huge branch of the “fake news” business that gets no attention at all: the fake news consumed each day by corporate America that has nothing to do with politics, but everything to do with business – the bulk of the $18 trillion U.S. economy.
We’ve been sorting through this kind of thing