Litera’s Post

Join an insightful webinar where industry experts will reveal the latest trends and best practices in emerging technologies and data governance for law firms. Discover how your peers globally are adopting new tools to enhance efficiency, accuracy, and client service. Register here: https://bit.ly/3yHCbrf

Thank you Lawyers Weekly for sharing my thoughts on maximizing the potential of technology in today's market! It's crucial for lawyers to stay ahead of the curve and embrace new technologies that can help us grow and advance. Check out the article to learn more about how we can leverage technology to stay competitive in our industry. #legaltech #lawyers #technology #innovation

A clear shift is underway toward developing connected eco systems as law firms strategically expand their technology stacks. These ecosystems aim to leverage centralized data analytics and reporting tools to guide strategic business decisions for law firms. In my recent article, I reflect on what Stax has seen within the evolving LegalTech landscape, the future of legal practice management, and key strategies for value optimization.

Join Litera experts, Tina Harkins and Matt Miller, on September 12th to review the results of our survey with Law.com during our upcoming webinar, "Emerging Technologies and Best Practices for Data Governance in Law Firms".

Combining technology, legal expertise, and business acumen, Exigent Group Limited offers powerful, data-driven solutions to corporate legal and law firm clients. Steve Cairns, one of our Fractional CIOs, has played a central role in these advancements. His expertise in AI and machine learning has significantly improved Exigent’s technological capabilities. Steve has overseen the development and enhancement of their contract lifecycle management software, employing a cutting-edge language model to automate contract data extraction and analysis. 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘁𝗲𝘃𝗲’𝘀 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀, 𝗘𝘅𝗶𝗴𝗲𝗻𝘁 𝗵𝗮𝘀 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝗰𝗼𝘀𝘁𝘀, 𝗲𝘅𝗽𝗲𝗱𝗶𝘁𝗲𝗱 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲, 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, 𝗮𝗻𝗱 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀, 𝘄𝗵𝗶𝗹𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝗶𝗻𝗴 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗺𝗶𝗻𝗶𝗺𝗶𝘀𝗶𝗻𝗴 𝗿𝗶𝘀𝗸. Read more about this success story: https://okt.to/r7hCHg #exigent #clientstories #Lawfirms #freemanclarke #fractionalCTO #fractionalCIO #CIOs #technology #businessgrowth

🚀In the fast-evolving world of emerging technologies, clear laws and regulations often lag behind innovation, leaving businesses vulnerable to uncertainty. Carefully drafted contracts can serve as a powerful tool to help mitigate these risks. When preparing contracts for emerging technology projects it’s important to: 🛡️ Clearly outline the roles, responsibilities, and expectations of all the different parties involved. Spell out who owns what intellectual property rights ( and how these can be exploited), detail obligations and rights around personal data and any periods of exclusivity. ⚖️ Use the contract to allocate risks. Which party is responsible for what part of the services, reflect the innovative element of the project (and the risks it entails) and seek to effectively and reasonably limit liability. 📜 Include provisions that require ongoing compliance with current and future regulations. Clearly set out where any specific information or existing regulations are being relied upon. 🔄 Build in mechanisms for contract adjustments, allowing for quick pivots in response to new regulations or industry standards. 🤝 Include shared goals and commitments. In a landscape where laws and regulations struggle to keep pace with technology, well-crafted contracts can provide a structure and confidence to innovate. 💼🔍 A City Law Firm Karen Holden #EmergingTech #RegTech #Innovation #Contracts #RiskManagement #Compliance #LegalTech #BusinessStrategy #TechnologyLaw #DigitalTransformation

"EU Consumer Law and Automated Decision-Making (ADM): Is EU Consumer Law Ready for ADM?", very interesting interim report published now in December 2023 by European Law Institute (ELI).👇 This report examines the adaptability of the European Union #consumerlaw framework in response to the widespread integration of #Automated Decision-Making (#ADM). The assessment focuses on sustaining effective #consumerprotection within an evolving #digitallandscape where #digitalassistants play an increasingly prominent role. Simultaneously, the report explores how the legal framework can foster the utilization of #innovative #technologies in consumer markets. Outlined within the report are eight principles for ensuring that European Union #consumerlaw is well-prepared for the age of #digitalassistants. These principles encompass issues such as: ▪ attributing a #digitalassistant's actions to a consumer; ▪ applying #consumerlaw to #algorithmic contracts; ▪ pre-contractual information duties; ▪ non-discrimination; ▪ #disclosure duties; ▪ protection of #digitalassistants from manipulation; ▪ determination/ disclosure of parameters in #digitalassistants, and ▪ addressing conflicts of interest. Additionally, the report delves into the operation of key European Union #consumerlaw directives in scenarios involving consumer deployment of #digitalassistants. It proposes recommendations for modifying these directives to facilitate the seamless integration of #digitalassistants, asserting that the directives are almost '#ADM ready' and require minor adjustments to eliminate potential legal obstacles. The report suggests the adoption of a limited number of new provisions to align existing law with the eight European Law Institute (ELI) principles. Link: https://lnkd.in/d22mZmxU #ailaw #machinelearning #deeplearning #artificialera #web3 #web4 #web5 #fintech #digitalera #digitaltransformation #generativeAI #trustworthyAI #aiethics #artificialintelligence #explainableAI #responsibleAI

Combining technology, legal expertise, and business acumen, Exigent Group Limited offers powerful, data-driven solutions to corporate legal and law firm clients. Steve Cairns, one of our Fractional CIOs, has played a central role in these advancements. His expertise in AI and machine learning has significantly improved Exigent’s technological capabilities. Steve has overseen the development and enhancement of their contract lifecycle management software, employing a cutting-edge language model to automate contract data extraction and analysis. 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘁𝗲𝘃𝗲’𝘀 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀, 𝗘𝘅𝗶𝗴𝗲𝗻𝘁 𝗵𝗮𝘀 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝗰𝗼𝘀𝘁𝘀, 𝗲𝘅𝗽𝗲𝗱𝗶𝘁𝗲𝗱 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲, 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, 𝗮𝗻𝗱 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀, 𝘄𝗵𝗶𝗹𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝗶𝗻𝗴 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗺𝗶𝗻𝗶𝗺𝗶𝘀𝗶𝗻𝗴 𝗿𝗶𝘀𝗸. Read more about this success story: https://okt.to/cbVYNi #exigent #clientstories #Lawfirms #freemanclarke #fractionalCTO #fractionalCIO #CIOs #technology #businessgrowth

Only a week left to our insightful workshop on 𝗗𝗮𝘁𝗮 𝗮𝗻𝗱 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 🥑 at FutureLaw Conference Join Avokaado's Founder & CEO Mariana Hagström and Jean Mauris, Co-founder and Head of Product and AI at Avokaado for a workshop on 📅 May 17th to uncover invaluable insights and opportunities in handling data, crafting robust data structures, and ensuring accurate results retrieval. Seamlessly integrating theory with practical applications, this workshop empowers participants to understand the criticality of structuring data effectively for various purposes, including revenue analysis, compliance, and risk assessment. By joining our workshop you will explore the following key points: ✅ Understand the significance of document types and why they matter for data structuring. ✅ Learn to create data structures based on document types, empowering you to tailor your data management approach. ✅ Create insights based on different categories, such as revenue generation, risk management, compliance, etc. ✅ Learn the art of prompting to ensure accurate and relevant results retrieval. ✅ Develop a new mindset for interpreting legal document data in alignment with business objectives, discerning the true significance of each data point.

Combining technology, legal expertise, and business acumen, Exigent Group Limited offers powerful, data-driven solutions to corporate legal and law firm clients. Steve Cairns, one of our Fractional CIOs, has played a central role in these advancements. His expertise in AI and machine learning has significantly improved Exigent’s technological capabilities. Steve has overseen the development and enhancement of their contract lifecycle management software, employing a cutting-edge language model to automate contract data extraction and analysis. 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘁𝗲𝘃𝗲’𝘀 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀, 𝗘𝘅𝗶𝗴𝗲𝗻𝘁 𝗵𝗮𝘀 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝗰𝗼𝘀𝘁𝘀, 𝗲𝘅𝗽𝗲𝗱𝗶𝘁𝗲𝗱 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲, 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, 𝗮𝗻𝗱 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀, 𝘄𝗵𝗶𝗹𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝗶𝗻𝗴 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗺𝗶𝗻𝗶𝗺𝗶𝘀𝗶𝗻𝗴 𝗿𝗶𝘀𝗸. Read more about this success story: https://okt.to/cq6HoR #exigent #clientstories #Lawfirms #freemanclarke #fractionalCTO #fractionalCIO #CIOs #technology #businessgrowth