Legaltech News

As change management has become more of a focus for firms in recent years, those with more resources have had an advantage. But Ed Empamano, chief information officer at Dykema, suggests change management isn't out of smaller firms' reach.

While Australian automation provider Josef is using OpenAI's latest large language model, the trainable data the new tool accesses is intentionally kept narrow, which Josef says helps avoid inaccurate or irrelevant outputs like those seen in ChatGPT.

"The fear that most people have is that ChatGPT will be asked to provide either a line of argument or a resolution of an issue that is disputed by the parties that the judge accepts in making a decision without disclosing it before the decision is made and giving them an opportunity to object," said former federal Judge Paul Grimm.

Under new rules going into effect June 1, 2023, the Hong Kong cryptocurrency market will be opened to retail investors, while cryptocurrency exchanges are required to obtain virtual asset service provider, or VASP, licenses.

Onboarding and offboarding lawyers typically involves much more than is required when other employees leave one firm for another. Automation is key to a smooth transition.

"The board, the c-suite, are all going to be looking at the lawyers and my guess is this is a once in a lifetime crises, so you want to make sure you have people you can count on on your legal team," said three-time general counsel Sterling Miller.

This week's episode features a conversation with Foster Sayers and Ilona Logvinova, who will both be participating in a workshop at Legalweek New York 2023 titled, "Reshaping the Legal Profession: Thriving in the Age of Generative AI & ChatGPT," on March 20.

As companies' data volumes grow, Jon Monheit, the lead e-discovery program manager at Microsoft, discusses how to manage increasingly complex privacy and e-discovery responsibilities.

"He's got to be at the table, because this is one of those situations where he's either at the table, or the bank is on the menu," said Holland & Knight partner Rich Gold.

E-discovery is a prime example of an area where legal technology/operations is seeing the challenges pesented by legal professionals' level of familiarity with computing options, particularly those technologies that form the dynamic changes in how professionals communicate.

Industry insiders have warned that legal ops teams might be targeted for layoffs. Emily Miniger, the managing director of legal transformation solutions at Epiq and Legalweek 2023 speaker, said she worries that might be true. But pre-emptive measures are out there.

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.