Episode 36
· 03:23
Welcome to Law Tech Daily - the podcast that answers "what happened in legal tech this week?". Join us each Monday, Wednesday, and Friday as we dive into the exciting world of legal tech news. Don't forget to hit that subscribe button to stay up-to-date on the latest episodes! In today's episode, we'll cover legal tech firms' key appointments, AI integration, career management, and the partnership between LexisNexis and Microsoft to improve legal workflow using AI.
In recent legal tech news, a number of companies have made notable appointments. Litify has welcomed Curtis Brewer as its CEO, and Glenn LaForce has joined Holland & Knight as Chief Knowledge & Innovation Officer. Orgiami and Akin Gump have also expanded their teams with key appointments. Simultaneously, the legal industry continues to grapple with the implications of artificial intelligence (AI) within the legal system. LexisNexis and Microsoft have announced a partnership to integrate AI-based solutions into Microsoft 365, aiming to improve the workflow for legal professionals.
Several trends have emerged in the legal tech landscape. Foremost, AI is increasingly being integrated into legal operations, particularly for tasks such as drafting emails and communication. However, concerns persist regarding the dissemination of false information and intellectual property issues associated with AI. Experts have also discussed the role of generative AI in enhancing lawyers' communication. While it offers benefits such as document summarization and automation of communication tasks, it is agreed that generative AI should complement, rather than replace, human skills. Additionally, there is a focus on career management amidst increasing layoffs in the legal sector. Efforts to streamline legal requests and improve operational efficiency are apparent through the adoption of Legal Service Request Management (LSRM) software and the Legal Front Door tool.
The increasing appointments in legal indicate a shifting landscape, highlighting the pursuit of growth and innovation. The partnership between LexisNexis and Microsoft signifies the growing acceptance of AI tools in the legal ecosystem and the influence of major tech players in transforming traditional legal workflows. Responsible AI use remains a priority, as emphasized by MIT’s task force. While AI presents new possibilities in all areas of legal work, maintaining a balance between technology and human skills is essential for professionals in the legal tech industry.
Lastly, the upgrading of the Level 3 Paralegal Apprenticeship Standard, including training in new technologies and cybersecurity, reflects the recognition of the industry regarding the importance of tech skills for aspiring legal professionals. The aim is to diversify the legal profession, making it more accessible and affordable to individuals.
And that's a wrap.
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