5 things in LegalTech: First Deals of 2018 and Coding The Law

Your time is short. This quick read gives you 5 things you need to know from LegalTech in the past seven days.

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5 things in LegalTech: Taking stock of 2017 & Best of the Big Predictions

Your time is short. This quick read gives you 5 things you need to know from LegalTech in the past seven days.

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Taking stock: LegalTech 2017

 

The number of LegalTech companies grew in 2017. Legal blogger Bob Ambrogi announced 23 additions to his list of LegalTech startups, bringing his list to 691 entries (The Stanford CodeX Center for Legal Informatics lists 770 in its database). Either way the rapid rise of new players has been a feature of 2017. The new startups added to the list include the highest-voted winner of the 2018 ABA TECHSHOW Startup Alley Competition, Book-It-Legal,  “connecting attorneys with law students for per-project legal tasks”. In LegalTech News (“2017:The Year Legal Tech Grew Up“) Jake Heller, CEO of AI research company, Casetext, says 2017 was distinguished by AI, automation, Law Firm Investment in Legal Tech, Legal Analytics, E-Discovery Consolidation, and Law Firm Consolidation. Read More

20 LegalTech Tweets that amazed everyone in 2017

It’s been a good year on the Twitters.

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5 things in LegalTech: The Big Financial Times Report & books of the year

Your time is short. This quick read gives you 5 things you need to know from LegalTech in the past seven days.

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5 things in LegalTech: Meet Legal’s “Rocket Man” and why are lawyers so expensive?

Your time is short. This quick read gives you 5 things you need to know from LegalTech in the past seven days.

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LawGeex Launches Definitive In-House Counsel Guide to Change

LawGeex, the leading AI contract review platform for businesses, has today launched The In-House Counsel’s Guide to Change Management. This is a unique, free, downloadable guide revealing the secrets of change management achieved by the most successful and innovative legal departments in the world.

The book includes simple, practical advice based on dozens of interviews and real life experiences from in-house lawyers, psychologists, and legal experts. The guide features the challenges, results, and strategies of companies including Pearson, Telstra, Avis Budget Group, NetApp, L’Oreal, Microsoft, Cisco, Google, Centrica, Royal Dutch Shell, Staples, Verizon, Adobe, and many more.

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5 Reasons Innovation Will be so Hot for Lawyers in 2018

On Monday, LawGeex will be launching The In-House Counsel’s Guide to Change Management. Get your free downloadable copy as soon as it lands here.  

But why has change emerged as Number One Priority for In-House Lawyers?

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Is the legal profession really slow to change? 5 lawyers (who have been through it) answer

It is said that getting lawyers to change is like Herding Cats.

On December 11, LawGeex is launching The In-House Counsel’s Guide to Change Management—a free, downloadable guide revealing how top legal departments are succeeding in a period of unprecedented disruption. To ensure you get your free copy first, as soon as it lands click here.

The book includes practical advice based on dozens of interviews and real-life experiences from the world’s leading in-house lawyers, psychologists, and legal experts, in many cases revealing their secrets for the first time.

Like Herding Cats?

Dr Larry Richard

Lawyer and psychologist, Dr Larry Richard, one of the contributors to the guide, says changing lawyers is like “Herding Cats”. Raised on a diet of skepticism, fiercely independent and trained in finding risks, lawyers, he says, like proud cats, find innovation unusually hard. The guide includes a special section on the psychological effects of change. Dr Richard identifies  5 key traits required for change (leadership, loss of control, low skepticism and growth mindset) and how to help lawyers move away from instincts often diametrically opposed to these values.

In advance of the publication, we ask five leading in-house counsel, who have initiated radical change management, whether lawyers really are slow to innovate? Or is this charge overstated?

1) Vicky Lockie, formerly associate General Counsel at Pearson

Vicky Lockie

Change challenge:   Pearson underwent an overhaul of processes and technology building a major legal operations team.

Lockie says: “I do believe lawyers are slow to change. With any change, it’s very important to understand the psychology of people you are dealing with. Inherently the legal profession is conservative, lawyers have been trained to focus on detail, analyse all potential issues, they tend to seek perfection and can be risk averse.”

2) Mick Sheehy, General Counsel, Telstra 

The profession has now woken up.” Mike Sheehy, Telstra GC

Mick Sheehy

Change challenge: Telstra is a model of legal innovation, in its first push, freeing up more than 40,000 hours per year of low value, unproductive work.

Sheehy says: “The legal profession has to date resisted change more than others.  This makes it fertile ground for those looking to work differently as there is much opportunity to make change.  But it feels like the profession has now woken up and the number of lawyers talking about change and taking action to make change increases every day. This makes it exciting times to be a lawyer.”

3) Chris Newby, General Counsel at AIG EMEA and Chief Operating Officer AIG Europe

Chris Newby

Challenge: Insurance giant, AIG, has overseen major change, automating mundane legal tasks, with a view to focusing the team on more sophisticated work.

“Generally, the way lawyers work is never easy. They are quite ingrained in the way they are trained and so getting them to take a holistic view of change can be tricky. But I think you have to force this holistic view. There are better ways of working, and you need to sell the positives of it, and that there will be benefits in the longer term.”

4) Casey Flaherty, former corporate counsel, and founder of Procertas

Casey Flaherty

Change Challenge: Casey Flaherty is a leading consultant on legal operations and process improvement in law departments.

Flaherty says:The legal profession is very slow to change. But so are most industries, professions, and people. Because it is the market in which I operate, I have this (possibly distorted) sense that legal’s veneration of precedent is a true differentiator in the Status Quo Bias Olympics.

Because it is the market in which I operate, I have this (possibly distorted) sense that legal’s veneration of precedent is a true differentiator in the Status Quo Bias Olympics, Casey Flaherty

“Then I read the research on the diffusion of innovations and, once again, am reminded that legal may not be that special, in ways good or bad. Change is hard. Change is slow. But, contrary to my own personal observations and intuitions, I am not confident change is materially harder or slower in legal.”

5) Sterling Miller, General Counsel, Marketo, & author of Ten Things You Need to Know as In-House Counsel

Sterling Miller

Change Challenge: In more than 20 years of experience as General Counsel, Sterling Miller has advised and provided perspective on change management.

“I think smaller law firms and smaller in-house legal departments are far more likely to adopt new methods and new technology than their larger counterpoints.  There is a lot of innovation going on in the legal profession, it just may not be at places that get the headlines.  If you really look, you will see it.”

Ensure you get your free copy of The In-House Counsel’s Guide To Change Management as soon as it lands to understand how the most innovative legal departments are achieving lasting legal change management.

 

Watch the trailer here

Download the eBook and start putting the art and science behind your legal change management strategy.

 

This Winter, Change Is Coming to Legal (official trailer+poster)

On Monday (December 11) LawGeex is launching  The In-House Counsel’s Guide to Change Management. This is a unique  free, downloadable guide revealing the secrets of the most successful and innovative legal departments who are transforming the delivery of law. Check out the trailer below.

The book includes simple, practical advice based on dozens of interviews and real life experiences from the world’s leading in-house lawyers, psychologists, and legal experts. The guide features companies including Pearson, Telstra, Avis Budget Group, NetApp, L’Oreal, Microsoft, Cisco, Google, Centrica, Royal Dutch Shell, Staples, Verizon, and Adobe.

The must-have legal download of the year 

Early in-house reviews have praised the guide as in-house lawyers talk about change management as their biggest challenge for 2018.

Fantastic narrative of in-house legal innovation … the start of the never-ending story …”, Mick Sheehy, GC, Telstra (Five stars *****)

“Great to see Lawgeex focusing on change management…by far the biggest challenge Legal Operations professionals face.”Áine Lyons VP and Deputy General Counsel, VMware

Great and timely” (Bjarne Tellmann) GC and Chief Legal Officer, Pearson

Make sure you receive the In-House Counsel’s Guide To Change Management first, and for free – click here

5 things in LegalTech: A Tale of Two Female Entrepreneurs

Your time is short. This quick read gives you 5 things you need to know from LegalTech in the past seven days.

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LegalTech Deals! A tale of two female entrepreneurs

It was a week dominated by two female LegalTech entrepreneurs, points out Caroline Hill, Editor of Legal IT Insider.

First up, Alma Asay, founder and CEO of Allegory Law.  Allegory announced it was being sold to alternative legal services provider, Integreon. Asay is being brought in as Chief Innovation Officer, along with the entire Allegory team. Reporting on the deal, legal journalist, Bob Ambrogi at LawSites blog says Integreon now plans “to offer a true end-to-end solution for litigators and in-house legal departments.” Asay added: “Litigation teams more and more need a cloud-based solution where outside counsel and everyone on the litigation team can all build their case together.”

Secondly, Emily Foges, CEO of Luminance, celebrated a $10million Series A funding round. The UK-based legal AI due diligence contract review company is now valued at $50m, according to Jeremy Kahn at Bloomberg News. Kahn says with rise of legal AI, “now there’s some evidence these efforts are gaining traction – at least with investors.” The funding was led by Talis Capital, Invoke Capital (founded by Mike Lynch, the co-founder and former chief executive officer of U.K. software company Autonomy) and global law firm Slaughter & May, which “acquired a 5 % stake in Luminance in the spring, according to reports. The funding will help grow the company’s new U.S headquarters in Chicago.

Other Deals Legal IT Insider: NetDocuments buys enterprise chat site ThreadKM

 

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Happy E-Discovery Day one and all

Those seeking an adrenaline rush after Black Friday and Cyber Monday celebrated the third ever E-Discovery Day on Friday (November 1). The Association of Certified E-Discovery Specialists and Practitioners launched a full day of “informative webcasts, in-person networking events and more.” Some highlight webinars included The Case is Done, but the Data is Still Everywhere;  Top 5 E-Discovery Process Improvements Legal Needs to Make But Haven’t (available here) and Reporters Recap Top E-Discovery Storylines from 2017, Schindler Cohen & Hochman LLP E-discovery expert, Syreeta Lee, and Director of software E-Discovery firm, Relativity, Doug Kaminski. Doug channeled the wisdom of fantasy writer Terry Pratchett, providing some reflections on the day.

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Legal Week CONNECT + Who won? 

On the conference front,  Legal Week CONNECT at London’s Institution of Engineering and Technology, included debate on inclusion, law firm branding, legal technology and artificial intelligence. 

The British Legal awards , the culmination of the conference, (full list of winners here) recognized the “brightest and best” in the UK profession. On the tech front, we note wins for tech Supplier of the Year: iManage, and best Use of Technology in a firm going to Mishcon de Reya. The in-house winners included Pearson’s Bjarne Philip Tellmann, who was named General Counsel of the Year; Informa, which took the prize for Legal Department of the Year (TMT); and Royal Mail, which won the award for Legal Department of the Year (Commerce and Industry). Bjarne is among those featured in an upcoming LawGeex 20+ page book revealing the secrets of in-house innovation, The In-House Counsel’s Guide to Change Management (click here to get it first).  

 

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LegalTech predictions 2018

It is the time to think back over 2017 and look forward to 2018. American Lawyer (What 2017’s Trends Can mean for Big Law in 2018)  began, predicting “more law firms partnering with tech vendors to meet client efficiency demands” and more substantial use of legal project management software.

For Artificial Lawyer, 2017 was when “The Legal AI Barbarians Have Already Taken The Gates“. Artificial Lawyer’s Legal AI expert, Richard Tromans concludes “As we approach the end of 2017, the technology is firmly ensconced at the highest levels of the market.”

Lucy Bassli, assistant General Counsel at Microsoft, in a must-read piece, expects a  further shift away from law “created by lawyers and for lawyers”. She expects a continuing move away from paper processes, and towards automation (Microsoft is working on contract bots to guide teams through the type of contract they require).

Meanwhile, Above the Law spoke with Jeff Ton to discuss Bluelock’s 2018 predictions for Legal, summarized by Joe Patrice as “Lots more ransomware and robots.”

 

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LegalTech wins big in ABA Law Journal Web 100

 

LegalTech-first blogs rose to the most essential online reads. Every year since 2007, ABA Journal staffers have assembled a list of 100 favorite legal blogs. The 2017 list, rechristened the Web 100, included 50 blogs, 25 law podcasts and 25 tweeters for lawyers to follow. This LawGeex blog was proudly added to the list, along with names such as Artificial Lawyer, Clio, Ross Intelligence, Legal Mosaic, Legal Evolution, Legal Cheek and many others advocating LegalTech.

Marketo GC Sterling Miller, author of Ten Things You Need to Know as In-House Counsel: Practical Advice and Successful Strategies also posted Ten Legal Blogs You Should Check out 2017 (again this blog, and indeed, this column was excitedly featured). For all those who did not want to dignify such awards, we also salute you.

Subscribe to our mailing list (right, or below-on mobile) to receive this digest directly your inbox each week. 

In case you missed it! Webinar: 5 Steps to Implement a Contract Triage Process (LawGeex) 

LegalTech Diary upcoming events 

29-30 November: Legal Week Connect, London (Legal Week)

21 December: Save The Date! Christmas Drinks For Legal & Tech Professionals (London)

 

The Blurb: A curated mix of articles worth sharing in the past week.

New York Times: A.I. Will Transform the Economy. But How Much, and How Soon?

Ross Intelligence: LegalTech is Primed for Growth Investments Guest post by Catalyst Investors

LawSites Blog: Practice Management Companies Go to Court over Trademark dispute 

Above the Law: Conditions For AI Success: Discipline, Data, And Patience

Legal IT Professionals: Thomson Reuters Elite Announces Launch of ProLaw 2017.2