Tech
The legal industry, like many others, is experiencing significant disruption due to transformative technology. One technology that is rapidly gaining traction is data analysis. Data analysis is the gathering, inspecting and modeling of data in order to gain insight into how real-world processes work and make predictions and decisions about them accordingly. Data analysis is…
A recent executive order signed by President Donald Trump, the American A.I. Initiative, directs federal agencies to prioritize A.I. investments, assist in building a workforce in the A.I. world and set governance standards. It is hopefully to be the catalyst many experts believe will define the future of everything from health care to warfare. While…
Chatbots on websites are proliferating rapidly. As the artificial intelligence (AI) behind modern chatbots matures, the virtual agents become viable for an increasing number of use cases. They allow routine work to be automated even when that work involves interacting with customers. They support existing customers, recruit new ones, and even create valuable products. Chatbots…
Can the growth of ALSPs benefit both consumers and law firms? Technology has enhanced how humans communicate, and the internet in particular is creating new forms of competition for traditional law firms and attorneys. In recent years, the advent of alternative legal service providers (ALSPs) has created an entirely new level of competition for law…
The U.S. Commodity Futures Trading Commission (CFTC) on November 27 released a public guide to explain the uses, risks and benefits of smart contracts. The guide aims to provide practical information for in-house lawyers and others interested in learning more about successfully implementing the technology. The 32-page document, called “A CFTC Primer on Smart Contracts,”…
Lawyers have been advertising on TV for decades, with varying degrees of success and decorum. In the early days, it was controversial and litigation ensued as to whether it was legal, that is, until most state bar associations approved it along with restrictions. It was also extremely expensive to run television ads, with most campaigns…
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