LOIS - Legal Operations Institute Studies’ Post

The 17th Annual Law Department Operations Survey, presented by Blickstein Group, is more than just data—it’s your blueprint for staying ahead in legal ops. With valuable insights into #contractmanagement, GenAI, and emerging tech, this survey, which we’re proud to sponsor, is designed to help you tackle today’s challenges and prepare for tomorrow’s trends. Gain access to 300+ exclusive data points and benchmark your department like never before. It’s free, takes just 20 minutes, and your input will contribute to the future of legal operations. Complete it before the October 18 deadline! www.ldosurvey.com #LegalOps #LegalTech #GenAI

Engineered with advanced #GenAI, Leah isn't just a tool; she’s your partner in redefining success. Seamlessly integrating into your workflows, she brings the prowess of top legal minds right to your fingertips. As Atena Reyhani, our CPO, highlights, Leah tackles everything from compliance and risk to complex precedents, empowering your team with insights that drive your organization forward. Want to see how Leah can transform your legal department? Dive into the details: https://ow.ly/js0Q50RtYWY #LegalReimagined #AIinLegal #LegalTechInnovation

QuisLex CEO Ram Vasudevan lays out a useful roadmap for legal practitioners approaching technology adoption in his latest article in Legaltech News entitled "Navigating the Tech Tide: Strategic Adoption in the Legal Enterprise". The steps he covers are systematically not getting enough attention, naturally leading to tech adoption and implementation challenges for those tasked with innovation (especially with such a vast choice of tools on the market).

Introducing Leah, your cutting-edge ally in #legaltech. Powered by advanced #GenAI, she's more than a tool; she's your collaborator in reshaping success. Leah effortlessly melds into your processes, channeling the expertise of top legal minds directly to you. According to Atena Reyhani, our Chief Product Officer, Leah is tailored to handle compliance, risk, and intricate precedents, equipping your team with transformative insights. Curious about how Leah revolutionizes legal departments? Explore further here: https://ow.ly/js0Q50RtYWY #LegalReimagined #AIinLegal

Technology is transforming how legal services are delivered, with #GenerativeAI enabling legal departments to optimize their work. Learn more: https://social.kpmg/m65iaq Stuart Fuller #KPMGlaw #LegalTransformation #DigitalTransformation

General counsel and chief legal officers will do more work in-house with the help of tech investments, especially as more legal tech companies add generative AI and other types of artificial intelligence capabilities to the tools they offer in-house teams. At the same time, legal leaders will be exploring ways to reduce outside counsel costs, in part by giving work to smaller firms and reserving the most complex work for the largest firms.

Bay Area legal ops professionals: Join our Jennifer McIver and Kevin Dorr on Friday the 19th for a free LegalOps.com seminar! You’ll hear about responsible and practical application of AI for legal ops, and have opportunities for discussion and networking with peers. Register below. #legalops #legaltech #legaloperations #lawtech #businessoflaw #AI #LegalAI

So much interest in GenAI in legal circles - and so many questions. Is it safe? Does it actually help or does it create more work? What is everyone else doing? Terri Mottershead and the Centre for Legal Innovation organised a fantastic series of roundtables around the country to create space for people to come together and share learnings. If you are trying to make sense of all the noise about AI it is well worth having a look at the report captuing the take aways #oldlawnewtricks #legalgenai

2023 was the breakout year for #genAI — and we believe its momentum and influence will continue to grow in 2024. Whether your law firm is using it already or plans to adopt it in the future, we believe this technology has the potential to reshape legal advisory moving forward. Excited to share this article I wrote alongside Sam Rudkin and Mehdi Goodarzi. Read it on the Alvarez & Marsal site: https://okt.to/HXeD5h

Latest News from https://legaltech.fyi Here are some of the exciting updates in the world of LegalTech: 1️⃣ Weightmans' Innovative Approach: UK-based Weightmans is revolutionising client service through productised services and Innovation Partners, leveraging legal tech to meet evolving client needs. 💼🤖 2️⃣ Google's AI Mishap: Google's AI Overview feature faced a significant setback, producing absurd and false answers, serving as a cautionary tale for all working with AI technology. 🚨💡 3️⃣ GenAI in Legal Operations: Experts believe that Generative AI could transform legal operations, though it might not lower costs immediately. Implementation issues remain a key challenge. 🧠⚖️ 4️⃣ Insider Trading Policy Changes: Following a novel SEC win, S&P 500 companies are reconsidering their insider trading policies, potentially relaxing bans on 'shadow trading'. 📉📈 5️⃣ Cost Savings Through Live Bidding: A pharmaceutical company's in-house legal team saved $1 million by using live bidding software to adjust law firm proposals, reducing costs right from the start. 💰🏦 6️⃣ AI Legal Research Tools Under Scrutiny: Stanford's study reveals that AI legal research tools hallucinate in 17% of queries, overstating their accuracy. This raises important questions about their reliability. 🧪📊 7️⃣ iManage & HYCU Partnership: iManage is teaming up with HYCU to develop a cloud backup connector, enhancing backup capabilities for customers. 🌐🔒 8️⃣ SurePoint Acquires Leopard Solutions: SurePoint Technologies has acquired Leopard Solutions, combining data to offer valuable benchmarking insights for the legal industry. 📊🔍 9️⃣ Juralio's European Expansion: Juralio partners with ex-EY Eric Eck and Guirbaden to drive product development and market strategy across Europe. 🌍🚀 #LegalTech #Innovation #AI #LegalIndustry