December 12, 2024

4 Reasons Why Law Firms Need to Connect Their Legal AI Tool with Their DMS Platform

By Madison Johnson, Esq | Manager, Large Markets More than half of Am Law 200 law firms have already purchased Legal AI tools, generative artificial intelligence developed specially for the legal profession, and nearly all large firms expect their investment in Gen AI technologies to increase over the next five years, according to a LexisNexis survey conducted earlier this year. These breakthrough tools are having...

December 05, 2024

Top Corporate General Counsel Compensation Rises in 2023—Law360 Pulse Report

The dynamic roles of lawyers at the helm of legal departments have grown in value, with average total compensation rising by $148,000 in 2023, according to the Law360® Pulse 2024 Compensation Report: General Counsel . Our report examined the compensation of general counsel and chief legal officers at companies in the S&P 500 based on filings to the U.S. Securities and Exchange Commission for fiscal year 2023...

December 05, 2024

3 Keys for Law Students Using AI

By Madison Johnson, Esq. | Manager, Large Markets The adoption of generative artificial intelligence (Gen AI) technology in law firms and in-house legal departments has also made its way prominently into law schools. A 2024 survey by the American Bar Association, AI and Legal Education , found that 83% of law schools reported the availability of curricular opportunities where students can learn how to use AI tools effectively...

November 21, 2024

Unlock New Opportunities with Targeted Legal News

By Madison Johnson, Esq. | Manager, Large Markets Legal professionals understand the importance of staying informed about breaking developments in the business world, but it is especially critical for them to be on top of legal industry news and trends. Making smart decisions for your firm and your clients requires access to timely updates and insights about developments in the courts, legislatures and specific areas...

November 21, 2024

How Lexis+ AI is Transforming the Game for Law Students

By Madison Johnson, Esq. | Manager, Large Markets As the legal landscape continues to evolve, the ability to conduct efficient and accurate research remains paramount for law students and legal professionals alike. With the advent of Lexis+ AI ® , the game has been forever changed, and students are taking notice. According to recent student comments, Lexis+ AI ® is the primary reason why law students are choosing...

November 19, 2024

New Legal AI Ignited: LexisNexis Protégé agent for Microsoft 365 Copilot

By Serena Wellen & Min Chen There’s an entirely new category of generative AI that’s rapidly emerging – with the express purpose of making your legal work easier and faster. If you haven’t already heard, there’s a new buzz about Microsoft Copilot agents. These are conversational AI assistants designed for Microsoft 365 Copilot, which harness the power of customized Large Language...

November 18, 2024

Checklist of What Law Firms Should Demand in a Complete Legal AI Solution

By Madison Johnson, Esq. | Manager, Large Markets Consumers were introduced to the generative artificial intelligence (Gen AI) revolution two years ago with the launch of ChatGPT, then the category of Legal AI — Gen AI solutions trained specifically for the legal profession — was born with the rollout of Lexis+ AI in October 2023. Just one year later, more than half of Am Law 200 law firms (53%) have already...

November 18, 2024

Elevate Your Law Firm's Business Development with News Monitoring

By Madison Johnson, Esq. | Manager, Large Markets Law firm marketing professionals are under the gun more than ever in today’s legal industry landscape. A report presented at last year’s Law Firm Marketing Summit found that almost two-thirds of marketing and business development teams are spending more time dealing with urgent problems than with developing strategic initiatives to drive revenues.This daily...

November 15, 2024

4 Ways Litigation Analytics Can Improve Law Firm Business Development

By Autumn Callan | Practice Area Specialist, Lex Machina Large law firms began adopting data analytics years ago as part of their evolution toward the construction of more professional marketing and business development organizations. These tools surface important insights by extracting information from internal data (e.g., billing, time tracking and client lifecycles) and industry data (e.g., news coverage about potential...

November 11, 2024

Make Sure Your Legal AI Solution Adheres to Ethical AI Principles

Generative artificial intelligence (Gen AI) is a new category of technology that has the potential to transform the way that law is practiced all over the world. The way your firm deploys Gen AI is crucial to your ability to serve clients most efficiently and effectively. Many early adopters of this technology have learned to their dismay, as reported by Law360 , that there are some important risks posed by attorneys’...

November 08, 2024

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

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

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

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

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

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

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

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?

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

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

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

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

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

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...