Briefing Legal

🌟 Tailored AI Strategies: Empowering everyone, from graduates to partners 🌟 As the AI juggernaut continues to gain momentum, law firms must look beyond specific capabilities and consider the broader impact on their employees, says Kerri Dearing, VP, international business at NetDocuments. "By carefully considering the impact of AI on all levels of the organisation, firms can ensure AI drives performance while also playing a pivotal role in attracting and retaining top talent," she states. In an exclusive article for Briefing, Dearing talks about tailored AI strategies that can empower everyone across your firm, from support staff to associates and partners. 🔗 Ready to learn more about effective AI strategies? Read the full article here! https://lnkd.in/gDk4QRf5

Energising firm performance with genAI: calls for a prompt Despite its traditional apprehension to embrace new technology, generative artificial intelligence (genAI) has quickly made its way into the legal sector. Just months after OpenAI launched ChatGPT, most mainstream legaltech applications had introduced genAI features, numerous startups and scaleups offered genAI-powered solutions, and tech-savvy firms were building their own internal chatbots. How exactly is genAI helping to change law firms' internal processes for the better, and what new challenges does its use bring to the table? Moreover, what do law firms need to know and be cautious of to ensure the implementation of genAI is done in a mindful and efficient way, without causing any trouble? We take a deep dive into how exactly genAI is transforming law firms' internal processes, and why engagement and change management, as well as new governance frameworks, are needed to balance the risks and rewards of this game changing technology, with the help of several experts from Browne Jacobson, Burges Salmon LLP, Charles Russell Speechlys, DAC Beachcroft and Weightmans. Read the full feature in Briefing's October 2024 AI special: https://lnkd.in/eiQ5U5bJ

Many believe that artificial intelligence (AI) has the potential to revolutionise the legal profession. However, Intapp's compliance practice group leader Cindy Mundow points out that many legal professionals find themselves disappointed in the gap between generative AI’s (genAI) promise and their firm’s real-world needs. With many legal leaders feeling like they've been sold an empty promise, how can legal tech suppliers help with this issue? This is exactly what Intapp has been focusing on - and it exclusively shares with Briefing its journey on this mission. For the Briefing October AI special, Mundow discusses how the firm is aiming to solve this big issue through product development - including the launch of its new Intapp Assist solution. Read the full article here: https://lnkd.in/e5dhfdD4 Miki Hanlen Yoel Bublick

💡 Leveraging Pricing Tools to Demonstrate Value in the Age of AFAs 💡 In today's legal landscape, a deep understanding of the value behind key pricing decisions is essential for legal pricing teams. This knowledge enables more informed and strategic decisions that benefit both the firm and its clients, says Amanda Mui, senior product value engineer at Litera. As law firms face constant pressure to deliver value while maintaining profitability, the rise of alternative fee arrangements (AFAs) presents new challenges. This shift requires a fundamental change in thinking beyond the traditional billable hour, Mui states. 🔗 Curious about how pricing tools can enhance value delivery? Read the full article here - https://bit.ly/3XreQSR

There's no denying that AI is an exciting, powerful technological tool with many uses, including for the legal sector. "AI is an extremely powerful tool that can automate routine tasks, simplify complex processes and deliver critical capabilities at scale, such as organising large volumes of unstructured data and analysing it to deliver valuable insights," says Elite Technology chief product officer Elisabet Hardy. While still a relatively untapped source, Hardy believes AI has tremendous potential to change the business of law in unforeseen ways — but how exactly? Talking exclusively to Briefing, she highlights some key areas where AI could take a law firm to the next level, and how exactly this tech solution can be harnessed to the fullest. Read the full article here: https://lnkd.in/eKb65hgB

As a legal tech provider, Aderant is determined to constantly be in the right place at the right time to bring immediate value to law firms, says its VP of product AI and cloud transformation Lisa Erickson. Having already accomplished several early goals, the company is now taking the next steps, assertively tackling its next set of objectives to be a key player in spearheading the future of legal technology. In an exclusive article for Briefing, Erickson shares how Aderant is moving to the next stage of innovation for legal business management, highlighting the key focus areas for designing the right tech solutions to meet firms' needs. Read the full article in the latest October AI special: https://bit.ly/3YurIs3 Jodie Monaghan Peter Gill Andy Hoyt Raphael Shure Doug Matthews

Having worked in the tech space for over two decades, Expleo Group’s global head of digital services, Dinesh Mohan has seen numerous clients from various industries through their business transformation journeys, helping them drive digital change and process optimisation leveraging data. Now, with the rise of artificial intelligence (AI), he is focused on helping law firms understand the world of AI and how they can apply it meaningfully to boost efficiency and productivity across their business functions. But how exactly can law firms utilise AI to improve their processes? In an exclusive article for Briefing's October AI special, Mohan offers key strategic considerations for successful AI adoption and highlights some top areas where your firm can implement it today to reap rapid rewards. Want to learn more about this? Read the full article here: https://lnkd.in/e7ffS2_g

“We recognise that genAI is going to be a transformative technology journey, and so we’ve been thinking very strategically about how we deploy it and the impact it will have on our business,” says Pinsent Masons director of knowledge Tim D.. As the business owner of the new tools Pinsent Masons is adopting, he’s been championing communities of practice across the firm, taking an “intentional, use case-based and outcomes-driven approach to AI” to identify the right ways to embed the technology into different areas of work. In an exclusive interview with Briefing, Dale shares the firm's experience using LexisNexis' new Lexis+ AI, which he says is helping to boost lawyers’ productivity by enabling them to dramatically accelerate legal research work — with the promise of significantly enhancing legal service delivery. How exactly is Pinsent Masons harnessing the power of this new genAI tool? Read all about it in the Briefing October AI special: https://lnkd.in/eU2eK_fa

Irwin Mitchell chief information security and innovation officer Graham Thomson has long looked to artificial intelligence to model predictions, with a focus on critical security oversight. Now, with the rapid rise of generative AI (genAI), he’s turning attention to securing a new and better future for the firm. In an exclusive article for Briefing's October AI special, Thomson shares how his firm is shaping its approach to understanding and embracing the potential of genAI in legal through close collaboration with Microsoft and Peppermint Technology. Find out how Irwin Mitchell is leveraging the power of genAI by reading the full article here: https://lnkd.in/eR9rh7vs

When it comes to generative AI (genAI), law firms, which are traditionally slow to embrace new technology, are ahead of the curve. Why did legal rush to embrace genAI, and what are the benefits that law firms are reaping from the use of genAI? In an exclusive article for Briefing's October AI special, Joanna Goodman explores where genAI is already changing law firms’ internal processes for the better, from tracking client knowledge preferences and risk scenario-planning, to building marketing momentum and transformation in professional development practices — all with the help of several experts from Browne Jacobson, Burges Salmon LLP, Charles Russell Speechlys, DAC Beachcroft and Weightmans. Read the full feature here: https://lnkd.in/eiQ5U5bJ How is your firm using genAI to boost efficiency and productivity? Let us know in the comments below!