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2 Organic Use Cases For Artificial Intelligence


By
Above the Law
May 26, 2021 at 10:22 AM
While artificial intelligence is an often-misunderstood concept, it’s already widely used in areas like retail sales and online advertising and making inroads in the law. 
In a recent Non-Eventcast, host Jared Correia talks with Nathan Wenzel of SimpleLegal and Alex Smith of iManage to nail down just what “artificial intelligence” refers to, specific ways it’s being used, and what lawyers should be doing now to capitalize. 
Read on for an excerpt from this discussion detailing two use cases (lightly edited for length and clarity). And while you’re here, feel free to browse prior editions of the Non-Eventcast in the Law Practice Management Software, Legal Document Management Software, and Legal Operations Contract Lifecycle Management rooms of the ATL Non-Event. ....

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How Artificial Intelligence Can Make Your Life Easier


May 18, 2021 at 11:27 AM
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While the working definitions of “artificial intelligence,” “machine learning,” and their surrounding concepts can be squishy at times, there’s no doubt that AI has arrived in the law in concrete ways already streamlining some of the industry’s’ most mundane tasks. 
In this edition of the Non-Eventcast, host Jared Correia talks with Nathan Wenzel of SimpleLegal and Alex Smith of iManage to nail down just what “artificial intelligence” refers to, specific ways it’s being used in the law, and what lawyers should be doing now to capitalize. 
(Spoiler alert: Robot overlords aren’t likely to replace you anytime soon. But the existing practical uses for AI may also surprise you.)  ....

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Is Your Firm's Revenue Funnel Leaky?


May 14, 2021 at 11:34 AM
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Should your firm take its cues from Netflix in its billing arrangements? Has the pandemic made e-payments a must? What do lawyers need to know about payment processors?  
From recording your time to collecting from clients, your firm’s revenue funnel should be as efficient and airtight as possible and your setup should make the process as easy as possible for all parties involved.  
In this edition of the Non-Eventcast, host Jared Correia is joined by Scott Clasen of TimeSolv and Nicole Black of MyCase to discuss how the latest in Time Billing & Payment Software can boost your revenue and efficiency.  ....

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Introducing The Legal Tech-To-English Dictionary!


May 12, 2021 at 1:38 PM
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Ed. note: This is the inaugural installment of The Legal Tech-to-English Dictionary, part of our Non-Event for Tech-Perplexed Lawyers. Jared Correia is the host of the Non-Eventcast. 
There’s a term for when attorneys use Latin and other arcane languages to describe legal processes to consumers: “legalese.”  
But there’s no similar term for when vendors use technical and other arcane languages to describe their legal software operations to lawyers.
True, this dynamic may seem unfair. But now we have The Legal Tech-to-English Dictionary to help us cope. 
Read on for the inaugural installment, where we translate AI-related topics to plain English.  ....

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What's Your Stage Of Contract Lifecycle Management?


Above the Law readers are offered 1 free CLE course each month, thanks to Lawline. See this month’s offering here.
From Lawline
While Jerry notes the lines between the phases can be “blurry,” you are likely in the tactical stage if you have organized your documents and are just starting to figure out how to optimize related processes.
“Tactical is kind of that midpoint, where you’re trying to get out of the operational stage of just knowing where your contracts are, but you’re not quite at the stage of doing deep analysis, or deep extraction,” Jerry says.
For outside counsel at law firms, familiarity with varied contract lifecycle management software can be key for working with clients that have their own established systems.  ....

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