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November 08, 2024
Two Years In: Real Results from the AI Evolution in Legal

Two Years In: Real Results from the AI Evolution in Legal

By: Melissa Morrison , Director of Segment Management, LexisNexis Two years ago, the generative artificial intelligence (Gen AI) revolution was born with the commercial launch of ChatGPT in November 2022. Other leading tech companies quickly joined with the rollout of their own general purpose Gen AI tools and the race was on. LexisNexis quickly pioneered the use of Gen AI for legal research and analysis with the...

November 07, 2024
Navigating the Legal Landscape of Generative AI: In-House Counsel's Guide

Navigating the Legal Landscape of Generative AI: In-House Counsel's Guide

At the recent Women, Influence & Power in Law 2024 Conference in Chicago, women working on corporate legal teams discussed a number of timely issues bearing down on in-house counsel today. One of the more intriguing threads of discussion emerged in a session focused on the adoption of generative artificial intelligence (Gen AI) technologies in their organizations. “Sometimes there’s a misperception that...

October 31, 2024
Data-Driven Insights: The Key to Winning Cases

Data-Driven Insights: The Key to Winning Cases

By Madison Johnson, Esq. | Marketing Manager Legal analytics has now become table stakes for litigation, with roughly seven in 10 legal professionals at law firms of various sizes using them in 2024, according to Lex Machina’s most recent The Impact of Legal Analytics survey. Moreover, the survey found that 100% of legal analytics users say they are valuable and a record-high 80% say they are now either “required”...

October 24, 2024
Drafting Reimagined with Internal Data and External Knowledge

Drafting Reimagined with Internal Data and External Knowledge

By Madison Johnson, Esq. | Marketing Manager One of the foundational disciplines of the practice of law is the drafting of documents, from business contracts and licensing agreements to client legal memoranda and litigation briefs, pleadings and motions. There is pressure to create documents that are effective for the client and to do so in an efficient manner. Lawyers often share that drafting is a pain point for...

October 22, 2024
Navigating Political Expression in the Workplace: A Guide for In-House Counsel

Navigating Political Expression in the Workplace: A Guide for In-House Counsel

We are now heading into the homestretch of yet another contentious election season in a national political climate where deep divisions are prevalent in our neighborhoods and town squares. The workplace is no exception to these environments of hyper political disagreements. A recent survey by Littler Mendelson of 400 in-house counsel and corporate executives found that 87% of employers expressed concern with managing...

October 17, 2024
The “Activator” Approach to Business Development: How to Use Legal News Resources to Win New Business

The “Activator” Approach to Business Development: How to Use Legal News Resources to Win New Business

By Madison Johnson, Esq. | Marketing Manager The competitive landscape for legal services has changed significantly over the past two decades. An industry that was once characterized by long-term loyalty between law firms and corporate clients has been transformed by the creation of panels of preferred firms, law firm convergence initiatives and intensifying competition in a global marketplace. A survey by DCM Insights...

October 10, 2024
Corporate Transparency Act Compliance: What In-House Counsel Need to Know

Corporate Transparency Act Compliance: What In-House Counsel Need to Know

It has been three years since the adoption of the Corporate Transparency Act (CTA) , which went into effect at the beginning of this year, and now the first filing deadline is fast-approaching on January 1, 2025. In-house counsel at companies of all sizes are racing to get important questions answered so they can be confident they are in full compliance with the CTA’s various rules. For example, at a webinar for...

October 10, 2024
Breaking Down Law Firm Data Silos with New AI-Powered Tools

Breaking Down Law Firm Data Silos with New AI-Powered Tools

By Madison Johnson, Esq. | Marketing Manager Large law firms have been on a technology transformation journey for the past two decades, embracing new ways of empowering lawyers to work more efficiently and more effectively with the aid of fast-moving legal tech innovations. These firms now find themselves in a bit of a quandary that was the inevitable result of this rapid growth in reliance on technology. They typically...

October 01, 2024
With FTC Ban on Noncompetes Blocked, What Are Best Options for Employers?

With FTC Ban on Noncompetes Blocked, What Are Best Options for Employers?

By Elias Kahn | LexisNexis Practical Guidance Just as in-house counsel thought they were receiving some clarity around a vexing employment law topic, they were ushered right back into a murky legal landscape. On August 20, 2024, U.S. District Judge Ada Brown of the Northern District of Texas issued a nationwide injunction blocking the Federal Trade Commission (FTC)’s order that banned most noncompete agreements...

October 01, 2024

5 Legal Steps for Companies to Prepare for Workforce Reductions

By: Practical Guidance The Federal Reserve continues to pull its available levers in order to achieve a “soft landing” of the U.S. economy, but in the meantime a number of American employers have already taken action this year to reduce their payrolls. The Wall Street Journal chronicled the layoffs trend of 2024 in a recent story that identified more than 50 major American companies that have announced...

September 26, 2024
DMS Integration: The Key to Unlocking AI's Potential

DMS Integration: The Key to Unlocking AI's Potential

By Madison Johnson, Esq. | Marketing Manager The trusty Document Management System (DMS) has been the backbone of law firm work product management for decades. Legal professionals should strap in for the next chapter in the evolution of this workhorse of the legal tech industry. How We Got Here DMS systems are designed to help an organization manage, organize and access their documents efficiently. A popular example...

September 19, 2024
What In-House Counsel Need to Know About the Chevron Doctrine Reversal

What In-House Counsel Need to Know About the Chevron Doctrine Reversal

In-house counsel are still grappling with the fallout from the U.S. Supreme Court’s landmark decision this summer to overturn a longstanding interpretation of federal agencies’ ability to interpret law and issue regulatory guidance. In a 6-3 ruling, a majority of justices held in Loper Bright Enters. V. Raimondo that the high court’s test established in 1984’s Chevron v. Natural Resources Defense...

September 13, 2024
Transforming legal workflows with AI using Copilot for Microsoft 365

Transforming legal workflows with AI using Copilot for Microsoft 365

By: Srini Raghavan, Vice President, Microsoft 365 Ecosystem Ever since the introduction of Microsoft Copilot, AI is quickly being woven into the workplace and people's daily work habits. Three-quarters of global knowledge workers already use it, and more than 80% say AI helps them save time, focus on important work, and be more creative, according to the Microsoft 2024 Work Trend Index Annual Report . This presents...

September 12, 2024
Unlocking Personalized Legal Drafting with DMS Connectivity

Unlocking Personalized Legal Drafting with DMS Connectivity

By Madison Johnson, Esq. | Marketing Manager The current generation of commercial Generative Artificial Intelligence (Gen AI) tools have dazzled legal professionals with their capabilities for generating rough drafts of documents from scratch. But what they have quickly discovered to be missing are the reliability of accurate legal citations, personalized content that is unique to their law firm’s client experience...

August 29, 2024
Assessing the Accuracy and Quality of Answers from Your Legal AI Tool

Assessing the Accuracy and Quality of Answers from Your Legal AI Tool

By Simon Weierman Lawyers must rely on the accuracy and quality of their legal research when providing counsel to clients, drafting business agreements or writing legal documents for submission to the court. Inaccurate or non-responsive results from a search of legal databases can lead a lawyer down the wrong path, jeopardizing their legal strategy and credibility. Lawyers must rely on accurate legal research when...

August 28, 2024
5 Keys for Monitoring Antitrust Compliance: A Guide for In-House Counsel

5 Keys for Monitoring Antitrust Compliance: A Guide for In-House Counsel

U.S. District Judge Amit Mehta fired the latest shot in the recent acceleration of U.S. antitrust enforcement August 5 with a dramatic ruling that Google has violated federal antitrust law by monopolizing the market for internet search. “Google is a monopolist, and it has acted as one to maintain its monopoly,” wrote Judge Mehta, finding that Google violated Section 2 of the Sherman Antitrust Act. “Importantly...

August 14, 2024
IP and Gen AI Technologies: Essential Guidance for In-House Counsel

IP and Gen AI Technologies: Essential Guidance for In-House Counsel

The proliferation of generative artificial intelligence (AI) technology has taken most of the oxygen out of the room in corporate offices. Virtually every major company has aggressively investigated how they can either develop Gen AI tools, implement Gen AI tools and/or protect themselves from the impact of commercially available Gen AI tools. For in-house counsel, the challenges are especially acute. Their organizations...

August 08, 2024
New Revenue Streams: Time to Start Law Firm Business Innovation

New Revenue Streams: Time to Start Law Firm Business Innovation

By Geoffrey D. Ivnik, Esq. | Director of Large Markets, LexisNexis Leaders of America’s largest law firms have decided to move full speed ahead with the adoption of generative artificial intelligence (Gen AI) technology because they see these tools as keys to unlocking greater value for clients and greater revenues for their firms. More than half of the Am Law 200 (53%) have purchased at least one Gen AI solution...

August 01, 2024
New Revenue Streams: Transform unprofitable practices into thriving businesses

New Revenue Streams: Transform unprofitable practices into thriving businesses

By Geoffrey D. Ivnik, Esq. | Director of U.S. Large Markets, LexisNexis Law firm leaders perceive that generative artificial intelligence (Gen AI) technology is going to have a dramatic impact on how efficiently lawyers are able to complete work assignments for clients. The top priorities for law firms using AI-powered tech are all related to efficiency, according to the 2024 LexisNexis Investing in Legal Innovation...

August 01, 2024
Trust me I’m an AI: Winning lawyers will rethink the way they work

Trust me I’m an AI: Winning lawyers will rethink the way they work

By Geoffrey D. Ivnik, Esq. | Director of U.S. Legal Markets, LexisNexis The transformative nature of Legal AI, generative artificial intelligence (Gen AI) technology trained for the legal profession, is destined to change the way that law firms work — but the firms who will see the greatest benefits from these tools will be the ones that are willing to develop new skills and new ways of thinking with their lawyers...

July 31, 2024
Climate Risk Management in Insurance: Trends and Takeaways

Climate Risk Management in Insurance: Trends and Takeaways

The insurance industry faces unprecedented challenges due to climate change. According to a report conducted by Ceres Accelerator for Sustainable Capital Markets , as extreme weather events become more frequent and severe, insurers must grapple with the impact on their investments, risk management strategies and overall business operations. The Highlights Of the 516 insurance groups who submitted responses, 94% of...

July 31, 2024
Buying Assets in Bankruptcy: 10 Essential Tips for In-House Counsel

Buying Assets in Bankruptcy: 10 Essential Tips for In-House Counsel

Petersen Health, an Illinois-based company that operates nursing facilities in the Midwest, filed for Chapter 11 bankruptcy protection in March 2024. Within one month, the company had received 20 bids from potential buyers seeking to purchase various Petersen assets out of the bankruptcy proceedings and, on July 3, Law360® reported that U.S. Bankruptcy Judge Thomas Horgan granted permission for them to accept the...

July 25, 2024
New Revenue Streams: Getting the right skills in place is essential

New Revenue Streams: Getting the right skills in place is essential

By Geoffrey D. Ivnik, Esq. | Director of U.S. Legal Markets, LexisNexis The rising adoption of generative artificial intelligence (Gen AI) technology in the legal profession is having an impact on all areas of law firm operations, including staffing decisions. Nearly four in 10 (38%) of senior Am Law 200 lawyers say their firms are planning to hire technologists such as data scientists or engineers to support their...

July 25, 2024
Trust me I’m a legal AI: how to conduct a Gen AI pilot at your firm.

Trust me I’m a legal AI: how to conduct a Gen AI pilot at your firm.

By Geoffrey D. Ivnik, Esq. | Director of Large Markets, LexisNexis The largest law firms are moving the fastest with investments in Gen AI tools. Our 2024 Investing in Legal Innovation Survey found that 43% of firms in the Am Law 200 have set aside a dedicated budget for Gen AI tools, as compared to just 19% of other law firms who report they have established a Gen AI budget. At the same time these firms are carving...

July 25, 2024
Attention Buyer: Not All Legal AI Models Are Created Equal

Attention Buyer: Not All Legal AI Models Are Created Equal

By: Simon Weierman A 2024 LexisNexis survey of managing partners and C-suite leaders at major law firms and Fortune 1000 companies found that nearly all legal executives (90%) expect their investment in Generative Artificial Intelligence (Gen AI) technologies to increase over the next five years. The survey also found that roughly one-half (53%) of Law360® Leaderboard Pulse firms have already purchased Gen AI tools...