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Law Tech Daily

Law Tech Daily

Fringe Legal

Stay informed, stay ahead. "Law Tech Daily" delivers daily insights from yesterday's legal tech news. Discover innovations, transformative changes, and emerging trends reshaping the legal profession. Listen on to stay ahead.
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Top 10 Law Tech Daily Episodes

Goodpods has curated a list of the 10 best Law Tech Daily episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Law Tech Daily for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Law Tech Daily episode by adding your comments to the episode page.

Law Tech Daily - (Sep 23) What happened in LegalTech last week?
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09/23/24 • 5 min

Here is your weekly legal tech briefing for Monday, Sep 23, 2024 - here's what you missed in legal tech last week.

For a detailed breakdown and reference to all articles, visit https://lawtechdaily.com/

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Welcome to Law Tech Weekly, your ultimate source for cutting through the noise in the ever-changing world of legal technology! Every week, we bring you the highlights of last week's most exciting developments in legal tech.

We know you're busy, so we provide the essential updates, trends, and innovations in one quick and easy episode. We aim to save you 4+ hours each week through our podcast and digest. And the best part? We live through the "tech" in our name - while the news is curated by humans, Law Tech is written, read, and produced by AI. Go on and share the "AI podcast" with your colleagues!

Whether you're a partner, part of the innovation team, or just curious about where law meets tech, sit back, plug in your headphones, and let us keep you ahead of the game.

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Law Tech Daily - (Aug 16) Expect a whole lot of AI at ILTACON
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08/16/23 • 6 min

Welcome to your briefing for Aug 16, 2023. Here's what happened in Legal Tech recently.

Get the full details at https://www.lawtechdaily.com/

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Welcome to your daily briefing for May 25, 2023. Here's what happened in Legal Tech Yesterday.

Get the full details at https://www.lawtechdaily.com/
Trends from yesterday

Overview

Hogan Lovells, a global law firm, has introduced a new brand called ELTEMATE. The offering will unify the law firm's legal technology solutions under a single global team. ELTEMATE will provide clients with a high-end digital solution to tackle challenges in all areas of law, including Legal Tech and AI solutions. The brand will also develop proprietary software, such as an AI tool streamlining review and processing of regulatory developments. The move comes as Generative AI, like ChatGPT, will become more useful in the future and the legal industry started adopting AI.

Trends

The ongoing integration of technology tools such as generative AI and natural language processing have caused major developments in the services that law firms are offering. ELTEMATE indicates the continued drive towards creating custom software instead of relying solely on third-party solutions. The proprietary AI tool developed by ELTEMATE showcases the potential of customized AI-based tools for law firms to streamline processes, such as regulatory review. In times when data holds immense utility, it is not surprising that a global law firm is taking steps to develop its digital solutions.

Analysis

ELTEMATE is a modern offer that brings forth a valuable solution for the legal profession. The service is built on the core AI technologies and is expected to overcome some of the challenges in the legal profession. The fact that Hogan Lovells plans on not only bundling third-party solutions but also developing its own proprietary software, gives them a competitive edge. This move could crown ELTEMATE's reputation and drive customer confidence through developing its solution from the ground up rather than relying on third-party solutions. By providing greater digital solutions, such as an AI tool, regulatory developments will become more accessible and allow the legal profession better tools to handle the abundance of legal data.

Thomson Reuters is investing heavily in artificial intelligence (AI), with plans to integrate new generative AI capabilities across its product suite, including Westlaw Precision, Practical Law, Checkpoint Edge, Legal Document Review and Summary, and Legal Drafting. The company is partnering with Microsoft to develop a contract drafting solution, powered by its legal products and content, and Copilot for Word. Thomson Reuters has also announced a new plugin with Microsoft 365 Copilot to bolster its efforts for redefined professional work, starting with legal research, drafting and client collaboration. The legal drafting solution, integrated with Copilot for Microsoft 365, will be available for legal professionals in beta alongside the Microsoft Copilot release schedule.

Key stories

Guest post: Believe neither the hype nor the backlash on ChatGPT

The article by Bill Bice, CEO of nQ Zebraworks, provides a thorough explanation of generative AI, specifically focusing on ChatGPT, and its potential in the legal industry. Bice notes that while there has been peak hype and severe backlash, understanding the utility and limitations of generative AI is crucial. The technology is essentially a sophisticated auto-complete which can create entire essays by predicting subsequent words and phrases. However, there are challenges to using generative AI in the legal industry. For instance, the inability to cite how the AI got to its answers presents a problem in a precedence-based profession. Additionally, the privacy concerns around proprietary information and the potential for generative AI to obscure precision are significant issues. Despite these challenges, Bice believes that generative AI will continue to improve with better data management, fact-checking, and improved governance and guidelines. He predicts that generative AI will become an ingredient in more complete solutions used by attorneys, with the hype surrounding the technology overplaying its impact today. Overall, the article provides a valuable overview of generative AI and its application in the legal industry, presenting both its potential and limitations.

Hogan Lovells launches own legal tech brand ELTEMATE

The launch of Hogan Lovells' new legal tech brand, ELTEMATE, shows the firm's commitment to addressing the needs of clients through digital solutions. The move to unify the firm's legal te...

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Welcome to your briefing for July 14th, 2023. Here's what happened in Legal Tech recently.

Get the full details at https://www.lawtechdaily.com/

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Welcome to your briefing for July 5th, 2023. Here's what happened in Legal Tech recently.

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On this weekend episode we cover why we created Law Tech Daily. Follow, subscribe me join us every week day for the news briefing.

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Welcome to your briefing for Aug 9, 2023. Here's what happened in Legal Tech recently.

Get the full details at https://www.lawtechdaily.com/

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Welcome to your briefing for Oct 4, 2023. Here's what happened in Legal Tech recently.

Get the full details at https://www.lawtechdaily.com/

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Welcome to your briefing for June 9, 2023. Here's what happened in Legal Tech recently.

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Welcome to your briefing for Sep 11, 2023. Here's what happened in Legal Tech recently.

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FAQ

How many episodes does Law Tech Daily have?

Law Tech Daily currently has 83 episodes available.

What topics does Law Tech Daily cover?

The podcast is about Digital Transformation, Podcasts, Technology and Business.

What is the most popular episode on Law Tech Daily?

The episode title '(Sep 23) What happened in LegalTech last week?' is the most popular.

What is the average episode length on Law Tech Daily?

The average episode length on Law Tech Daily is 6 minutes.

How often are episodes of Law Tech Daily released?

Episodes of Law Tech Daily are typically released every 2 days, 1 hour.

When was the first episode of Law Tech Daily?

The first episode of Law Tech Daily was released on May 26, 2023.

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