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beng
11 months ago
Legal Insights Blog
Thought Leadership
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...
beng
11 months ago
Legal Insights Blog
Thought Leadership
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...
Sherica Celine
11 months ago
Legal Insights Blog
Thought Leadership
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...
cassieq
over 1 year ago
Legal Insights Blog
Thought Leadership
Small Law Firm Budget: Tips for Managing Finances Effectively
As a solo or small firm attorney, managing your law firm's budget is a crucial aspect of running a successful practice. Staying financially sound allows you to focus on serving your clients without the added stress of financial concerns. In this article...
kellycowan
over 1 year ago
Legal Insights Blog
Thought Leadership
Antitrust in Healthcare: An Overview of Issues for Attorneys
Summary: Mergers and Acquisitions Anticompetitive Conduct Insurance and ACO Antitrust Navigating Antitrust Agencies and Regulations Role of Antitrust Counsel in Healthcare Researching Antitrust Issues in Healthcare Over the past few...
kellycowan
over 1 year ago
Legal Insights Blog
Thought Leadership
Antitrust Healthcare Guidelines for Small Firm Counsel
Summary: Developing a Strong Antitrust Foundation Cost-Effective Risk Assessment Leveraging Agency Precedent for Smaller Clients Building Relationships with Specialists Avoiding Small Firm Overconfidence The complex world of healthcare...
beng
over 1 year ago
Legal Insights Blog
Product Features
Enhancing Search for In-House Counsel with Lexis+ AI
In a recent survey , LexisNexis® found that many in-house counsel look forward to a future where Artificial Intelligence (AI) tools will improve their workflow. Lexis+ AI™ eliminates hours of manual searching and provides corporate attorneys...
Sherica Celine
over 1 year ago
Legal Insights Blog
Industry Awareness
LexisNexis to Present Five AI-Focused Sessions at Legalweek 2024
Legal professionals who attend Legalweek 2024 will have the opportunity to be equipped with insights that go beyond the AI hype and help them to identify specific action items for capitalizing on the benefits of Generative Artificial Intelligence (Gen...
Sherica Celine
over 1 year ago
Legal Insights Blog
Thought Leadership
Generative AI for Legal Professions: 5 Ways Lexis+ AI™ Drives Better Outcomes
How dominant is the buzz in the legal industry about the rise of Generative Artificial Intelligence (Gen AI) in 2024? When Law360 Pulse interviewed some of the leading legal tech experts about 8 Bold Legal Technology Predictions For 2024 , all eight of...
cassieq
over 1 year ago
Legal Insights Blog
Product Announcement
Lexis+ AI™ Product Enhancements
LexisNexis ® is releasing new updates to their legal generative AI platform, Lexis+ AI™. These new updates, shaped by customer feedback, will allow users to work more efficiently and effectively, and customize their experience. New and Upcoming...
Sherica Celine
over 1 year ago
Legal Insights Blog
Product Features
How Lexis+ AI Can Help You Write Legal Memos Faster
By Jake Nelson One of the foundations of the practice of law is the legal memorandum. Legal memos provide an objective summary and analysis of relevant legal principles, statutes, regulations, case law, and other legal content when applied to a specific...
cassieq
over 1 year ago
Legal Insights Blog
Product Features
Obtain Fast Insights into Complex Legal Issues with Legal AI Summarization Tool
By: Liz Christman The practice of law revolves around the interpretation of complex documents, which can be tedious and time-consuming. But what if there was a tool that could quickly summarize these documents and provide fast insights into complex...
Sherica Celine
over 1 year ago
Legal Insights Blog
Product Features
How Lexis+ AI Delivers "Hallucination-Free" Linked Legal Citations
By: Serena Wellen, Vice President of Product Management, LexisNexis We raised some eyebrows last fall when we announced the launch of Lexis+ AI, our new generative artificial intelligence (Gen AI) solution designed to transform legal work, “with...
Sherica Celine
over 1 year ago
Legal Insights Blog
Industry Awareness
Stanford Study Finds Lexis+ AI Provides Accurate Responses at “More Than Three Times” the Rate of Thomson Reuters Product
A new research paper published by Stanford University's Center for Human-Centered Artificial Intelligence (HAI) , which is based on results from an independent empirical evaluation of AI-driven legal research tools, concludes that Lexis+ AI significantly...
Sherica Celine
over 1 year ago
Legal Insights Blog
Industry Awareness
LexisNexis Named Best Overall AI Company at 2024 AI Breakthrough Awards
LexisNexis, a leading provider of legal, corporate, government and academic data solutions, has been named the Best Overall AI Company at the prestigious 2024 AI Breakthrough Awards . This marquee honor recognizes LexisNexis' pioneering work in artificial...
Sherica Celine
11 months ago
Legal Insights Blog
Thought Leadership
6 Enhancements to Lexis+ AI That Improve Legal Research and Drafting Workflow
Since our initial rollout last year of Lexis+ AI , the industry’s first comprehensive legal research platform powered by generative artificial intelligence (Gen AI), we have been pro-actively seeking feedback from our customers and carefully studying...
Sherica Celine
11 months ago
Legal Insights Blog
Product Announcement
New Lexis+ AI Product Enhancements
LexisNexis ® is releasing new updates to their legal generative AI platform, Lexis+ AI ® . These new updates, based on continuous user feedback, these new capabilities harness generative AI to streamline legal research, provide comprehensive,...
beng
over 1 year ago
Legal Insights Blog
Thought Leadership
Trust me I’m a legal AI: Addressing Accuracy and Confidentiality Concerns
By Geoffrey D. Ivnik, Esq. | Director of Large Markets, LexisNexis Law firm leaders are increasingly adopting Legal AI, Gen AI tools trained for the legal profession, but as with any breakthrough technology there is a healthy amount of skepticism that...
beng
over 1 year ago
Legal Insights Blog
Thought Leadership
New Revenue Streams: Firms must adapt to changing client mindsets
By Geoffrey D. Ivnik, Esq. | Director of U.S. Legal Markets, LexisNexis More than three in four (77%) of senior lawyers at Am Law 200 firms believe that generative artificial intelligence (Gen AI) technology will enable them to offer new value-added...
beng
over 1 year ago
Legal Insights Blog
Thought Leadership
New Revenue Streams: Gen AI for business development
By Geoffrey D. Ivnik, Esq. | Director of U.S. Legal Markets, LexisNexis The proliferation of generative artificial intelligence (Gen AI) technology trained for the legal profession is already changing the way that lawyers work by streamlining and automating...
beng
over 1 year ago
Legal Insights Blog
Thought Leadership
Trust me I’m a legal AI: Can the legal profession close the 'trust gap' with Gen AI?
By Geoffrey D. Ivnik, Esq. | Director of U.S. Legal Markets, LexisNexis Generative artificial intelligence (Gen AI) technology trained for the legal profession appears certain to transform the way that lawyers work. Before that can happen, lawyers and...
Charles Labordo
over 1 year ago
CounselLink
LexisNexis CounselLink
7 Key Considerations For Lawyers Negotiating Contracts For AI Services
This post originally appeared on Above the Law . Human lawyers will always be crucial for ensuring contracts and licensing agreements related to AI systems and services are comprehensive, clear, and adhere to relevant laws and regulations. “ChatGPT...
Charles Labordo
over 1 year ago
CounselLink
LexisNexis CounselLink
How General Counsel Can Build A Data-driven Corporate Legal Department
This post originally appeared on Above the Law . No transformation happens without a careful appraisal of what you have and where you want to go. Corporate legal departments have traditionally kept their focus on supplying legal expertise to the businesses...
Charles Labordo
over 1 year ago
CounselLink
LexisNexis CounselLink
4 Tips for Lawyers To Master The Art of Productive AI Conversations
This post originally appeared on Above the Law . Anybody can interact with a generative AI tool. Getting the results you want, however, is an art unto itself. In a recent conversation among a group of in-house lawyers, one GC shared how she’d...
Charles Labordo
over 1 year ago
CounselLink
LexisNexis CounselLink
"It Depends" to Data-Backed Answers: Automating Legal Case Analysis
This post originally appeared on Above the Law . As every lawyer knows, the response to nearly every legal question is, “It depends.” The law is a perpetual “what if” field surrounding unfortunate events and large sums of money...
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