Stephanie Wilkins
"The acquisition of LIGL highlights Reveal's commitment to an ongoing approach to growth that emphasizes customer needs over everything else," said Wendell Jisa, founder & CEO of Reveal. "The LIGL team and the technology they bring to Reveal will augment Reveal 11's seamless investigative and eDiscovery functionality."
"I don't even really care about the bar exam, per se," said researcher Daniel Katz. "This crystallizes what is happening for people in a way that says, here's some tasks that lawyers do, and it does it marginally better."
"Legaltech Hub is about educating the market about legal technology," Jeroen Plink, co-founder of Legaltech Hub and one of the organizers of the event, told Legaltech News. "Like with other technologies, we identified a gap for an event totally focused on CLM."
Expert panelists announce the release of GPT-4, how generative AI can benefit law firms, in-house departments and legal tech companies, governence issues surrounding the use of AI, the role of AI in advancing access to justice and more.
Rhys Dipshan
A guide to the key terms you need to know and understand when discussing AI.
OpenAI's most advanced model yet, GPT-4 has passed all portions of the Uniform Bar Exam and is helping to increase access to justice. "I cannot stress enough how much better this new model is than anything we've seen before," said Pablo Arredondo, co-founder and CIO of Casetext.
As artificial intelligence tools became more advanced, they were initially lauded as a critical tool in leveling the playing field in areas such as hiring.
"DoNotPay is merely a website with a repository of—unfortunately, substandard—legal documents that at best fills in a legal adlib based on information input by customers," the complaint says.
Hear how generative AI can benefit law firms, in-house departments, legal tech companies and more from the professionals who are already working with today's most advanced large language models.
Merlin Search Technologies has introduced a "first-of-its-kind hourly pricing program and the first Green Computing Initiative," according to the press release, by allowing users to pay hourly for hosting when sites are active, and turn off sites when they are not in use, saving costs.
"Our AI legal assistant is the first of its kind," said Jake Heller, co-founder and CEO of Casetext. "It creates a momentous opportunity for attorneys to delegate tasks like legal research, document review, and contract analysis to an AI, freeing them to focus on the most impactful aspects of their practice."
Microsoft, Google and, now, Meta are all in what's been called an "AI arms race" to come out ahead in the growing generative AI movement. Whoever wins will have a significant impact on the legal industry going forward.
With threats of an economic downturn looming, ROI and UX/UI are now two of the hottest buzzwords when it comes to law firm technology purchasing.
The company's Enterprise Legal Management (ELM) Solutions business and Legal & Regulatory (LR) division will now co-exist, while Wolters Kluwer also creates a new division, Corporate Performance & ESG (CP & ESG).
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