Wed.Jul 24, 2024

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The 25 Largest Legal Tech Investments of All Time

Law Sites

In reporting yesterday on the record-setting $900 million investment in law practice management company Clio, I included a list of the 10 largest previous investments in legal tech. It did not take long for me to learn that the list was incomplete. So I set about trying to come up with a more accurate list.

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Setting Expectations With Multigenerational Teams and Clients

Attorney at Work

By clearly communicating expectations, you reduce ambiguity, enhance accountability, promote engagement and improve collaboration The post Setting Expectations With Multigenerational Teams and Clients appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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How It Works: A Demo of Henchman, Generative AI-Driven Contract Drafting and Negotiation within Word

Law Sites

You have been hearing about it in the news, now see how it works. Last month, Henchman, a generative AI-driven platform that promises to deliver “the fastest contract drafting experience ever made,” announced that it was to be acquired by LexisNexis Legal & Professional. Just this week, LexisNexis said it had closed the deal.

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Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

Insurance Journal

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates.

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The Tech-Savvy Paralegals Playbook: How To Leverage AI

Speaker: Allison Mears, Adela Wekselblatt, and George Socha

Artificial intelligence is reshaping the legal industry, and paralegals are at the forefront of this transformation. As AI becomes more integrated into legal workflows, paralegals can streamline their daily tasks, enhance efficiency, and add greater value to their firms and organizations. But what exactly does AI mean for paralegals today—and how can you leverage it to your advantage?

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CAFC Committee Recommends Another Year of Sanctions Against Newman

IP Watchdog

The Special Committee of the U.S. Court of Appeals for the Federal Circuit (CAFC) that has been investigating Judge Pauline Newman’s alleged misconduct for the past year today renewed its recommendation to sanction Newman in the form of a suspension from hearing cases at the panel or en banc level for an additional year. The Committee consists of CAFC Chief Judge Moore and Judges Prost and Taranto.

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New Mexico Superintendent of Insurance Takes Issue with Ruling on Living Expenses

Insurance Journal

A Santa Fe District Court ruling that State Farm and Casualty Co.

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Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List

Insurance Journal

Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded.

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FTC Launches Probe into Surveillance Pricing Practices Targeting Eight Major Firms

Complex Discovery

Editor’s Note: In an era where data is the new oil, the Federal Trade Commission (FTC) has taken a significant step to address the potentially exploitative practice known as “surveillance pricing.” By investigating how eight major firms utilize consumer data to set individualized prices, the FTC aims to shed light on the intricate and often opaque mechanisms behind dynamic pricing strategies.

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Deadly Typhoon Gaemi Floods Philippines, Shuts Taiwan

Insurance Journal

Typhoon Gaemi claimed the lives of at least four people and forced the evacuation of hundreds of thousands in the Philippines, where parts of Manila are flooded even as the storm moves towards Taiwan.

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How To Get Employees To Use Law Practice Management Software

Practice Panther

Introducing legal practice management software to your team can be a complex task. Change can be challenging, particularly when it involves new technology. However, with a thoughtful strategy, you can make the transition smoother. The importance of law office management software cannot be overstated. The American Bar Association’s latest Practice Management TechReport shows that 78% of attorneys use case management software.

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Uncovering The Hidden Connections: A Patent Family Survival Guide

Speaker: Andrew Klein

Are there mysteries lurking in your family tree? 🕵 No, not a long-lost half-brother - I'm talking about a patent family tree! IP paralegals need fast and easy ways to verify and report on essential data about foreign equivalents of US assets. Join us to master the global scope of key assets to support prosecution, portfolio management, litigation, licensing, competitive monitoring and more!

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AGs in 14 States Want FHFA to Drop Plan to End Title Insurance Requirements

Insurance Journal

Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae.

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CVS settles lawsuit alleging it used AI ‘lie detector’ in interviews

Legal Dive

The settlement is the latest in an ongoing saga of legal scrutiny for AI-based tools in the hiring process.

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Typhoon Gaemi Nears China After Pounding Taiwan, Philippines

Insurance Journal

Typhoon Gaemi took aim at China after tearing across the Philippines and Taiwan, where it knocked out power to hundreds of thousands of homes, flooded streets and left at least 24 people dead.

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How big firms are trying to keep lawyers from burning out

Legal Dive

Resource management efforts seek to match lawyers’ skills with legal matters and divide work more equitably, while treating career development as a crucial DEI element.

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AI for Paralegals: Everything You Need to Know (and How to Use It Safely)

Speaker: Joe Stephens, J.D., Attorney and Law Professor

Ready to cut through the AI hype and learn exactly how to use these tools in your legal work? Join this webinar to get practical guidance from attorney and AI legal expert, Joe Stephens, who understands what really matters for legal professionals! What You'll Learn: Evaluate AI Tools Like a Pro 🔍 Learn which tools are worth your time and how to spot potential security and ethics risks before they become problems.

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2 Boys Die, 6 Others Hurt, When SUV Overturns Into a Pond in North Dakota

Insurance Journal

JAMESTOWN, N.D. (AP) — Two boys died when the SUV they were in crashed and ended up in a small pond along the side of a highway in North Dakota.

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COST BITES 172: CLAIMANT WHOSE CASE WAS STRUCK OUT HAD TO PAY THE DEFENDANT’S COSTS

Civil Litigation Brief

In Khokan v Nirjhor (Re Costs) [2024] EWHC 1873 (KB) Mrs Justice Hill rejected an argument that a claimant, whose case had been struck out due to non compliance with a peremptory order, should then not be liable to pay.

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BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules

Insurance Journal

BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday.

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COST BITES 173: VARYING A COSTS BUDGET “AFTER THE EVENT”: IF THE APPLICATION WAS NOT “PROMPT” THE BUDGET WILL NOT BE VARIED

Civil Litigation Brief

We are looking again at the decision in Khokan v Nirjhor (Re Costs) [2024] EWHC 1873 (KB), this time on the issue of costs budgeting. The judge considered the defendant’s budget in unusual circumstances. The claimant’s case had been struck.

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The New Way of Conducting Patent Research: Proven Strategies For Efficient Due Diligence

Speaker: Andrew Klein

Patent due diligence processes take too long. The information you need is publicly available but accessing it is often tedious & inefficient, requiring you to wade through dozens of PTO websites or for-free tools to gather what you need. Plus, it frequently occurs late in the game, leaving professionals under pressure, sifting through chaotic 100-page PDFs, and frustrated with poorly formatted information & patent numbers.

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Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh

Insurance Journal

Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index.

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How Brands Can Compete in the Games Without Being Official Sponsors

IP Watchdog

The Summer Olympics starts in just a few days, and with it comes a flurry of cease-and-desist letters from the U.S. Olympic Committee (USOC). The Olympics benefits from extra special trademark protection here in the United States. Unlike in other countries, the federal government does not fund Team USA, so our athletes mostly rely on sponsorship dollars to compete.

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Secret Ratings Show US Regulator’s Concern on Banks’ Handling of Risks

Insurance Journal

A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter.

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Pennsylvania Judge Denies Preliminary Injunction on FTC’s Non-Compete Rule, Setting Up Potential Circuit Split

IP Watchdog

On July 23, U.S. District Judge Kelley B. Hodge of the Eastern District of Pennsylvania published a memorandum denying a preliminary injunction requested by ATS Tree Services, which sought to prevent enforcement of the Federal Trade Commission’s (FTC) recent rule banning non-compete clauses from U.S. employment contracts. The ruling comes a few weeks after injunctive relief was granted to another plaintiff by the Northern District of Texas, setting up a potential split among regional circuit cou

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Trellis Launches Trellis AI to Streamline Trial Court Litigation

Trellis AI leverages the largest repository of state trial court data to help litigators evaluate cases, automate brief drafting, suggest winning strategies, and more. Key components: Draft Arguments — Uses similar/successful motions in the Trellis database to generate arguments/citations for your motions seeking dismissal, summary judgment, etc. Case Assessment — Predict the likely outcomes of a case at any stage to help you decide to accept it, guide motion practice, make settlement offers, an

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Louisiana Businessman to Pay $1.3M Fine for Neglecting Elderly Residents During Ida

Insurance Journal

A Louisiana businessman who sent more than 800 elderly residents from his seven nursing homes to ride out Hurricane Ida in a crowded, ill-equipped warehouse pleaded no contest to 15 criminal counts Monday and was sentenced to three years of …

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RECENT CASES IN FATAL ACCIDENT LITIGATION – WHAT CAN WE LEARN FROM THEM? WEBINAR 30th JULY 2024

Civil Litigation Brief

This webinar looks at recent cases in relation to liability, quantum and damages involving fatal accident victims. It enables us to spend enough time looking at each case in detail, in particular the evidence that was adduced and the conclusions.

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People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting

Insurance Journal

Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance.

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Future-proofing in-house legal workflows

Legal Dive

Adopting the correct technologies can provide legal teams an opportunity to enhance their relationships with internal business partners.

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Trial Prep: What Attorneys Really Want (And How to Deliver It)

Speaker: Joe Stephens, J.D., Attorney and Law Professor

Get ready to uncover what attorneys really need from you when it comes to trial prep in this new webinar! Attorney and law professor, Joe Stephens, J.D., will share proven techniques for anticipating attorney needs, organizing critical documents, and transforming complex information into compelling case presentations. Key Learning Objectives: Organization That Makes Sense 🎯 Learn how to structure and organize case materials in ways that align with how attorneys actually work and think.

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California Homeowners Sue FAIR Plan Over Smoke Damage Coverage

Insurance Journal

A class action lawsuit is being brought on behalf of more than 350,000 policyholders against the California FAIR Plan over smoke damage coverage. Dylan Schaffer, an attorney representing the plaintiffs, told SiliconValley.

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Visa CEO ‘strongly’ disagrees with class settlement ruling

Legal Dive

The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year.

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Wife of Ex-Texas Trucking Magnate Sentenced in $9M Work Comp Fraud Scheme

Insurance Journal

The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr.

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Ferrari to Extend Cryptocurrency Payments to Europe: Reuters

Securities Docket

Ferrari (RACE) will extend its provision for cryptocurrency payments to Europe by the end of July, Reuters reported on Wednesday. The Maranello, Italy-based luxury sports car manufacturer began accepting crypto in the U.S. last October, in partnership with BitPay. Bitcoin, ether and USD coin were the tokens accepted. Ferrari is now extending the program to Europe “to support dealers in better addressing the evolving needs of its clients,” Reuters said, citing a company statement.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.