Shardul Amarchand Mangaldas & Co’s Post

"Legal research, traditionally time-consuming and labor-intensive, is being revolutionized by startups employing AI to automate the process. These platforms analyze vast legal databases, significantly reducing the time and effort required for legal professionals to access relevant information." The opportunity for new startups lies in addressing the pain points of legal professionals grappling with extensive research requirements better than a simple ChatGPT query. Even if an LLM is the engine behind the tool, in order to be as useful as possible, it needs to have features specific to legal professionals. Great insight here from Abdo Riani. #LegalResearch #Research #AI #Data #Automation #Law #Tools

The emerging technology supports key priorities for legal operations teams, including streamlining workflows and boosting efficiency. Check out the good insights in a recent piece from Legal Dive. #LegalTech #LegalOps #LegalInnovation #generativeAI #ChatGPT #LegalTechnology #LegalTechHub #LawFest24 #LegalTechNZ

LEAP Legal Software is truly a unique solution, the latest developments to the application are a testament to the team, our growth and LEAPs on-going commitment to innovation and investment. There is simply no other provider in the UK market delivering constant innovations and updates like LEAP and the below features are a true reflection of this. If you'd like to learn more about super boosting your firms efficiencies and productivity, please feel free to reach out. #LegalTech #AI #SaaS

I see potential for AI in contract automation and management. This is an area where technology can easily *enhance* clarity and accuracy, as opposed to marring them. Manual contract management comes with a great degree of inaccuracy and risk. I'm optimistic about the development of startups whose solutions are unique and differentiated from one another. #AI #LegalTech #LegalContracts

At LEAP Legal Software UK and LEAP Legal Software Ireland, we have always been at the forefront of innovation. Ten years ago, we were the first UK based vendor to truly embrace the cloud and our growth in those ten years has been testament to our customers recognising the value of innovation and adopting new technologies that have helped them build successful businesses. Some of our competition have recently and finally embraced the cloud and have released a true cloud solution to their customers. Cloud is a technology from 15 years ago. AI as the next big thing. Today, we released the second of our AI solutions to market. Our first, LawY, has been warmly received. LawY acts as your firm’s trusted AI legal assistant addressing your legal questions with instant AI-generated answers that are then verified by professional lawyers. This blend of cutting-edge AI and human expertise is at the heart of LawY’s service, empowering you with accurate answers you can trust. It assists in many tasks, including conducting legal research, drafting documents and reviewing case law and legislation, but also assist in proof reading, grammar checking and summarising information. Essentially anything you might want to ask ChatGPT, if ChatGPT were a lawyer. Leveraging AI to help customers develop a deeper understanding of the matter is where I see its most useful application. Every matter contains thousands of documents containing lots of data that ordinarily would need to be sifted and analysed individually, with notes taken to build up a picture of the case through detailed research. This can take up a lot of time, some of which will be charged to the client but some undoubtedly being lost due to inefficiencies or to hit a fixed fee. With our latest innovation - Matter AI - this can be done in seconds. It uses cutting edge AI algorithms to analyse the contents of your LEAP documents, enabling you to streamline your workflow and improve your productivity.  It can summarise documents, work out timelines, identify differences in statements and find important data from thousands of documents in a matter of seconds. AI is the future.

Eve revolutionizes legal field with introduction of LLMs #LegalTech 🤝 Follow us on Discord 🔜: https://lnkd.in/gt823Zd3 _ ❇️ Summary: Eve, an AI-powered platform for the legal profession, has emerged from stealth with $14 million in funding. The platform aims to automate low-value tasks such as document review, case analysis and research, to help lawyers be more productive and reduce costs. Eve comes pre-trained with legal skills and knowledge, and can be customized for specific practice areas. Competitors in the legal AI market face challenges in convincing firms to adopt the technology, with legal risks and ethical concerns being cited as top blockers. Eve already has a customer base of several hundred lawyers and plans to use the funding to invest in product development and go-to-market functions. Hashtags: #chatGPT #LegalTechAdvancements #FutureofLaw

“AI can be the transformational force for legal operations, bringing to the table its capacity to streamline workflows, cut down costs and propel business growth,”   Legal industry pioneers have long recognised the pivotal role of legal operations experts in aiding companies to implement agile and efficient business practices. The ongoing surge in AI presents an exciting opportunity for legal ops to take centre stage.   Legal ops teams are key in introducing streamlined processes, often facilitated by automation. The latest AI tools tailored for in-house use are designed to automate workflows, such as contract review and redlining. These AI innovations are aligned with the objective of legal ops: driving departmental efficiency.   By utilising AI's speed and accuracy, legal teams can achieve cost reduction goals, including minimising outside counsel expenditures. This acceleration also enables legal teams to spend less time on mundane tasks, allowing for greater focus on strategic and more impactful endeavours.   Alongside their expertise in process improvement, legal operations teams can play a vital educational role in AI adoption. Legal ops professionals commonly seek to understand technology and are well-positioned to help bridge the gap between innovation and law department challenges.   As AI continues to evolve, legal ops will become increasingly important, particularly in assisting law departments in maximising the potential of AI-powered technologies.   https://lnkd.in/e3fC_6Kg   #legalservices #law #lawfirms #lawyer #legalprofession #alsp #futureoflaw

🚀 I Brought You the Best #ArtificialIntelligence Tools for Legal Wizards! 🤖👩⚖️ Embark on a legal revolution with these mind-blowing AI tools reshaping the legal landscape! 🌐 Brace yourselves for a journey into the future of law, where innovation meets litigation: 1. LegalRobot 🤖💼: Decode and draft legal documents effortlessly! LegalRobot is your AI companion, analyzing contracts and generating customized documents. Navigate legal complexities seamlessly: https://lnkd.in/exb3Enp2 2. DoNotPay 🤖🤝: Your AI-powered legal assistant for consumer rights, parking tickets, and beyond! DoNotPay researches laws, negotiates settlements, and files complaints on your behalf. Explore the ease of legal navigation: https://donotpay.com/ 3. Latch 🤖🔐: Unlock efficiency in case management! Latch automates document review, due diligence, and compliance, providing insights into case performance. Elevate your legal game: https://www.latchapp.com/ 4. Casetext 🤖📚: Supercharge your legal research with Casetext! This AI platform analyzes millions of cases, offering summaries, citations, and comparisons. Stay ahead in the legal game:https://casetext.com/ 5. Enidia AI 🤖✍️: Craft compelling legal content effortlessly! Enidia AI generates SEO-optimized articles, enhancing your online presence. Elevate your digital impact:https://www.enidia.ai/ 6. PatentPal 🤖🛡️: Safeguard intellectual property with PatentPal! This AI platform scans patent databases, identifies risks, and generates patent applications. Innovate with confidence: https://patentpal.com/ 🌈 These AI wonders are reshaping the legal profession! Dive into the future of law and embrace the power of innovation. Don't forget to browse my profile and activate the bell button to receive all new updates. 👩💼🔔 #LegalTech #AIinLaw #InnovationInLaw #LegalProfessionals #FutureOfLaw #linkedin

Legal as a guinea pig? As several in-house legal teams find themselves under pressure to "find an AI win", they're forging stronger relationships with developers/IT departments in their businesses and offering themselves up as guinea pigs to try new applications. During an interview for #FTInnovativeLawyers last week, one team showed me a legal gen AI chatbot they built internally with developers. They told me, "We're 100% confident in the tech, we're just socialising it in the legal team to build trust before we roll it out to the wider business." Other GCs have told me about how they've pushed the legal department to the front of the queue for Co-Pilot licenses, or how they've got the whole legal team testing their business's customer-facing gen AI tools. These tests are familiarising colleagues with the tech and making sure the AI behaves in-line with the business's responsible AI guidelines. At RSGI we speak to over 300 legal teams annually about how they're transforming to meet new business needs. If you're interested in attending one of our events for the in-house community or would like to learn more about how we can support your legal team in achieving its goals, please get in touch. Reena SenGupta Yasmin Lambert Mary Ormerod Chris Sharp Toby Weston Sarah Davis