Stanford University will augment the study it released last week of generative AI legal research tools from LexisNexis and Thomson Reuters, in which it found that they deliver hallucinated results more often than the companies say, as others have raised questions about the study’s methodology and fairness. The preprint study by Stanford’s RegLab and its
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Solo and Small Firms Plan to Adopt AI More Quickly than Larger Firms, But Not Fast Enough for Clients, Clio Survey Finds
Solo and small firm lawyers intend to adopt artificial intelligence at a much faster pace than their larger-firm counterparts, but their clients are even more enthusiastic about the technology, believing it can result in more affordable and higher quality services from their lawyers. So says the 2024 Legal Trends for Solo and Small Firms report,
Nominations Open for 2024 American Legal Technology Awards, to be Presented at Gala Dinner in October
In what has become an annual tradition, nominations have now opened for the American Legal Technology Awards, which honor exceptional achievement in various aspects of legal technology. You will be shocked to learn that a new award category has been added this year — the Artificial Intelligence Award, highlighting innovation in applying AI to the
On LawNext: Epiq’s Global Legal Solutions Leader Roger Pilc on How AI Is Transforming Legal Services
In recent months, Epiq, a global company providing technology-enabled legal services, has announced new artificial intelligence and analytics features built using the AI capabilities of Amazon Web Services. These new features include a framework for building, training and deploying bespoke machine learning models as secure APIs for customers; integration of Amazon Bedrock for custom copilot
Steno Launches Transcript Genius, Aiming to ‘Revolutionize How Attorneys Interact with Transcripts’; Also Announces $46M In New Financing
A first-of-its-kind product launching today aims to “revolutionize how attorneys interact with transcripts” by using artificial intelligence to allow them to semantically search across libraries of transcripts and then dynamically interact with and interrogate individual transcripts to find relevant information. Called Transcript Genius, it was developed by Steno, a tech-enabled provider of legal support and
Harvey AI To Move Out Of Early Access Phase, Release More Affordable Versions Of Its Custom AI Models
It has been a whirlwind year for the Open AI-backed, generative AI legal tech startup Harvey, which went from a $5 million seed round in November 2022 to a $21 million Series A in April 2023 to an $80 million Series B in December 2023 at a valuation of $715 million. It was a year
True To Its Name, LexisNexis Unveils New AI Capabilities For Both Its Lexis Legal Service and Its Nexis News Service
In a pair of AI announcements this week, LexisNexis said that it has significantly enhanced the speed and capabilities of its Lexis+ AI legal AI Assistant, and also that it has launched the commercial preview of Nexis+ AI within its Nexis news and business information research service. LexisNexis first released Lexis+ AI for general availability
On Today’s Legaltech Week: Special Guest Jake Heller, Casetext CoFounder, Joins to Discuss the Latest CoCounsel News
Live today on Legaltech Week, the panel will be joined by special guest Jake Heller, cofounder of Casetext and now head of product, CoCounsel, at Thomson Reuters, to discuss the news announced earlier this week that Thomson Reuters will deploy the CoCounsel AI assistant as a single app across its entire portfolio of products spanning
ClaimScore, Startup Using AI To Target Fraud In Class Action Claims, Raises $3.15M In Oversubscribed Round
ClaimScore, a startup that uses artificial intelligence to help detect fraudulent claims in class action lawsuits, has closed a $3.15 million seed funding round led by ROC Venture Group, a private investment firm based in Naples, Fla. Founded in 2022, ClaimScore says it is the only software product dedicated to resolving the problem of claims
Thomson Reuters Lays Out Plan To Provide CoCounsel AI Assistant Across Every Professional Vertical It Serves
Thomson Reuters, continuing to build on its acquisition last June of Casetext and its CoCounsel generative AI legal assistant for a whopping $650 million cash, today disclosed plans to deploy CoCounsel as a single and continuous AI assistant across its entire portfolio of products spanning every professional its serves in legal, tax, risk and fraud,