On 11 March 2019, DWF Group became the first law firm to IPO on the main market of the London Stock Exchange with a market cap of £366 million. The 300-page prospectus includes some interesting information on the intersection of technology and the UK legal services market, and the size and shape of the global legal market. … Continue reading What to watch out for in LawTech implementation contracts
In the last few years, General Counsel ‘Barometers’ on legal management, technology trends and digital transformation have started to appear, assessing in-house responses to these key and overlapping issues. One of the areas they all focus on is contract life-cycle management (CLM) software, which is identified by Wolters Kluwer as “the most common type of … Continue reading Contract life-cycle management (CLM) software: transforming in-house legal work
The cloud (access to on-demand, scalable, pooled, remote IT resources paid for “as you go”) is now in mainstream and IT on-premise (traditional IT infrastructure located at the user’s site) is rapidly migrating to it.
It’s a 2 x 3 matrix for what’s new in IT Law in 2018. First, there’s a lot happening at the intersection of financial services and IT law, and of course there’s GDPR and Brexit. Second, we’ll all be seeing more “Fourth Industrial Revolution” legal work (such as artificial intelligence (AI), robotic process automation (RPA), … Continue reading What’s new for corporate counsel in IT law in 2018?
At the moment, legal AI is at the “frothy” part of the hype cycle. It’s a bit like the scene What did the Romans ever do for us? in the film the Life of Brian, but in reverse. The scene’s premise is that the Romans did little, but of course they did a lot. Legal … Continue reading What has AI ever done for us?
“Until you know what it does, it’s artificial intelligence (AI); then it’s just software” is a good way to demystify AI and works just as well for law firm use of AI as for any other sector. Almost halfway through 2016, AI software in the legal services market looks like it is really starting to … Continue reading Law firm AI adoption: picking up the pace