Thomson Reuters has acquired a UK-based AI start-up that was founded by an Allen & Overy Shearman trainee two years ago. The target – Safe Sign Technologies – focuses on legal-specific use cases for large language models. This deal is part of an $8bn budget Thomson Reuters announced it had to spend on AI-focused deals […]
Sign up for the fortnightly Curve email here. Using an avatar to bill; and BNP Paribas’ blue-sky bot There is a lot of chatter about the things AI could take away: jobs, creativity, lawyers. What the future of lawyers is going to look like remains a grey area, with firms unsure how to move forward […]
When it comes to the rate of AI adoption, the market has moved at rocket speed from a phase of experimentation right through to real-life deployment. It’s now commonplace for firms to invest well into the millions on AI solutions. How do firms intend to embed AI culturally and ensure long-term adoption? LexisNexis and The […]
After some concern in 2023 that legal tech was further down the ‘not’ scale than the ‘hot’, things seem to be warming up again as legal tech investment press releases fly in. Missed them? Not to worry, we will catch you up. In short, eyes are on the legal tech industry, and there is a […]
Slaughter and May’s head of legal operations is set to depart the firm after 19 years. Jane Stewart has been with Slaughters her entire career, spanning numerous roles. She joined the firm in 2005 as a trainee solicitor, qualifying into the corporate finance team as an associate in 2007. After spending nearly 10 years as […]
Richard Susskind, one of the UK’s best-known experts on legal market technology and artificial intelligence (AI), has been appointed to a new position of special envoy for justice and AI to the secretary-general of the Commonwealth, Patricia Scotland KC. Susskind’s focus in this new role will be on helping the 56 Commonwealth countries use AI […]
Clients are yet to see AI benefits from law firms, a report from Deloitte Legal has revealed. A new survey undertaken by Deloitte Legal has shone a light on the client sentiment behind the legal AI buzz. It stated that clients have yet to see any significant change or benefit in their law firms’ use […]
Ashurst is rolling out the generative AI tool Harvey to all staff, following a successful global trial. The firm’s announcement means that employees worldwide will be able to use Harvey on aspects of work that includes document review, due diligence, drafting and market research. This applies to all lawyers and business services employees in a […]
Linklaters is deploying Copilot for Microsoft 365, The Lawyer can reveal, with a deal value of $1.8m (£1.42m) The latest version of the product will be made available to 6,900 employees. The Lawyer understands the size of the deal is worth $1.8m, which means the cost per employee is nearly $261 (£206). Linklaters has trialled the […]
Virtual reality is coming to a law firm near you
Artificial intelligence is the only technological development that’s seen the same levels of stratospheric adoption since Big Law bosses could drop their employees an out-of-hours ‘ping’ on Blackberry Messenger. And it’s only getting bigger, says LexisNexis, which has spoken to many of City’s top 50 managing partners who all want to be fast followers of […]
Linklaters is rolling out mandatory training on generative AI (genAI) for staff worldwide in a bid to encourage usage, better support clients and save employee time. The initiative is one of many spearheaded by Linklaters’ head of client tech and AI Shilpa Bhandarkar, who was promoted to partner just last month. The training was created […]