Posted on February 7, 2017
New York in February saw the latest in legal news, predictions and buzz for three days at Legalweek 2017. We picked the 10 best tweets from the conference, revealing the essential legaltech trends.
1. The minority in the legal profession are making the major changes. Stark findings from the In-house team at Microsoft showed that innovation is only being driven by around 10% of the profession. The majority are lagging behind.
Microsoft research shows that lawyers spend 90% of their day in Outlook and Word. Really? Still?!?! 🙀#Legalweek17
— Evolve Law (@EvolveLawNow) February 1, 2017
2. The dawn of Artificial Intelligence has arrived. LawGeex, the contract review and approval automation platform, showcased the technology through hundreds of product demos, reflecting the buzz for new technology. The direct slogan at the booth, “Hire a robot. Get sh*t done”, was very well received, as were the robot give-aways. In the keynote speech Andrew Mcafee, MIT scientist and author of the Second Machine Age, said AI in legal was “ready to go”. Discussing the likely pace of change, he quoted Ernest Hemingway: “How does a person go broke? It’s gradually, and then it’s suddenly.”
— LawGeex (@lawgeex_) January 30, 2017
3. Technology will stop chores and see more law. Bob Ambrogi, the legal and tech evangelist and expert, and Andrew Arruda of Ross Intelligence (bringing AI to legal research) summed up the essential message of the show in one great tweet.
— Andrew Arruda (@AndrewArruda) January 31, 2017
4. The end of the billable hour is a decade away. Stanford Codex Fellow Monica Bay in a special panel discussion of eDiscovery, said: “There tends to be a lot of “protectionism” from lawyers about the unique value they offer as attorneys, but ultimately “lawyers’ entire jobs are going to dramatically change.”
— Karyn Harty (@KarynHarty) February 2, 2017
5. The millennial lawyer has arrived. Ian Connett who blogs as MillennialGC, and is Legal Director of Collective in New York, knows a thing or two about the clash of old and new. He was among those at a session showing the impact as tech-ready millennials start to take on more leadership roles.
— Ian Connett (@TheMillennialGC) January 31, 2017
6. Clients wont tolerate inefficiency. With higher client demands and younger and more forward-thinking firms starting to focus on efficiency, we’re now seeing resistance to efficiency crumbling, paving the way for digital innovation.
— Justin Hectus (@justinhectus) February 1, 2017
7. In-house counsel are finding better ways to get data faster. In-house counsel are finding better and more organic ways to collaborate to get data and manage it faster during an investigation.
— Rhys Dipshan (@R_Dipshan) January 31, 2017
8. The Cloud is the new norm. In the words of Dennis Garcia, assistant General Counsel at Microsoft “Big Law is Going to go Big Cloud in 2017”. Among law firms, 71% are using more cloud computing (such as used by LawGeex award-winning solutions) in 2016 compared to 2015. ALM Intelligence also found nearly 66% of lawyers use mobile devices to complete legal work with clients.
— Legaltech©news (@Legaltech_news) January 31, 2017
9. Any conference can be enlivened by cute puppies. There were lots of cute pictures of puppies from the show. Patrick Gleason Vice President Legal & Corporate Consulting at Chase Cost Management tweeted it best on puppy power’s ability to survive any technological shifts (kudos to howtomanageasmalllawfirm.com for providing the puppy lawyers).
— Patrick F. Gleason (@PatrickFGleason) February 1, 2017
10. Finally, it just wouldn’t be Legaltech without the weather. Brad Schaffel Litigation Support Manager at WilmerHale snapped the picture of the event, showing the charm of New York in February.
— Brad Schaffel, CEDS (@bradnerd) January 31, 2017
Jonathan Marciano, Communications Director at LawGeex, is originally from London. He is currently in Tel Aviv, helping to bring about the legal and robot revolution, one press release at a time. Follow him on Twitter. @
LawGeex‘s artificial intelligence solution helps legal teams automate the review and approval of contracts. We make in-house legal work easy, efficient and impactful, allowing our customers to focus on the big picture instead of getting lost in the paperwork.
Posted on January 23, 2017
The biggest legaltech event of the year takes place from January 31 to February 3 in New York City.
Legalweek (previously Legaltech) is the largest legal technology event of the year with over 10,000 attendees including legal tech evangelists and in-house lawyers.
LawGeex, the leading SaaS AI contract review platform for in-house legal teams, will be providing demos of its automation technology which has seen our clients experience an 80% reduction in the time spent reviewing routine contracts. Customers have also saved 90% of the cost they would otherwise spend on outside counsel.
Come and visit us on the main floor (level II) at booth number 528…and you may even get a robot!
Register here for admission to Legalweek Conference! Tickets start at $45.
On January 30th, LawGeex CEO Noory Bechor speaking at two major panels on the future of legaltech, including a talk on the best in-house innovation entitled “My Other Lawyer is a Robot”.
Posted on December 13, 2016
In-house legal departments aren’t often considered the most dynamic or innovative parts of companies.
Inside Counsel recognize the stereotype,
We’re all familiar with the pervasive stereotypes that have dogged corporate legal departments over the past few decades—an impediment to closing deals, a center of obstinacy, a bottleneck, the “department of no.”
Corporate legal departments are often seen as only a cost center that performs necessary – but unexciting – administrative functions: processing legal paperwork and mitigating risk.
When senior management pays any attention to the legal department, it’s commonly for the purpose of cost-cutting – reducing headcount and outside counsel costs, forcing legal to get the same amount of (or more) work done with fewer resources.
Fortunately, there’s an alternative.
Posted on November 10, 2016
Reuters reports that the Obama administration has called on US states to put a ban on employee non-competes in many employment agreements that prohibit workers from taking jobs with the employers’ competitors.
According to the White House Press Office, non-compete agreements narrow employment options for an estimated one in five workers in the US. About 30 million US workers are affected by non-competes.
Posted on October 27, 2016
A new California law will change the way that thousands of corporate counsel draft company contracts.
Many companies with employees in California have tried to have their contracts governed by the laws of other states or countries and to have disputes heard in those other locations.
For example, a company might specify that a contract would be governed by the state or country where it was headquartered or incorporated, if that state or country’s law was seen as more favorable to employers.
Posted on September 14, 2016
The LawGeex team has been working hard on our product offering, today launching the most advanced Artificial Intelligence contract review technology, now fully customizable and designed specifically for Corporate and General Counsel.
LawGeex Pro is the quickest, easiest and most cost effective way to automatically review contracts, using the General Counsel’s own pre-defined legal criteria or checklist paired with custom workflows. Read More
Posted on August 10, 2016
We’re thrilled to announce today that our team at LawGeex has won the Best of SaaS Showplace (BoSS) Awards.
The BoSS Awards is awarded by THINKstrategies’ Cloud Computing Showplace to recognize SaaS companies that are delivering measurable business benefits to customers.
Jeffrey M. Kaplan, managing director of THINKstrategies, notes that: Read More
Posted on August 2, 2016
Sometimes people in Sales may feel that it’s the job of the Legal department to prevent deals from being signed. It’s a common source of conflict in many businesses. However, In-House Counsel can change conflict into harmony, and turn the situation around, reducing the tension between these important business functions and creating a win-win situation for everyone involved.
Posted on July 28, 2016
As the leading AI-powered contract review platform, we’re excited to announce today the first ever Law-Bot on Slack, helping to accelerate and streamline how businesses review contracts. Slack’s first ever ‘Law-Bot’ alleviates the inefficiencies of reviewing contracts whilst bridging the gap between legal and other core business units, removing legal bottlenecks, and reducing dependency on email. Read More
Posted on July 18, 2016
Most mobile games are harmless. When Candy Crush took the world by storm, it was definitely addictive and may have resulted in the occasional sore thumb, but it wasn’t really dangerous. Now, the latest game craze, Pokémon GO, has already put players in harm’s way, since its release only two weeks ago. What are the dangers and how can you protect your safety and legal rights playing Pokémon GO?