Harvey AI To Move Out Of Early Access Phase, Release More Affordable Versions Of Its Custom AI Models
Generative AI legal tech startup Harvey experienced rapid growth in funding and major partnerships with top firms, positioning itself as a frontrunner in the legal AI sector. [ more ]
No Longer A Rarity: More Partners Leave Cravath, Heading To Rival New York Firms
Cravath, long considered the ideal law firm in Biglaw circles, is experiencing changes that include the introduction of a salary partner tier and the hiring of lateral partners.
Cravath has recently lost partners to rival firms who are willing to pay a premium to poach top talent. [ more ]
Generative pre-trained transformers (GPT) are currently being used in the legal industry, but there is skepticism about their ability to accurately handle the truth.
The impact of AI on the legal industry depends on whether generative AI can handle the truth and address the risks involved. [ more ]
CES 2024: Unveiling The Future Of Legal Through Consumer Innovations
Gen Z's tech-centric lifestyle is shaping the future and will have a significant impact on the legal industry.
Legal professionals need to adapt to Gen Z's technological preferences and expectations in order to effectively communicate and persuade them. [ more ]
How Many Biglaw Associates Will Lose Their Jobs Because Of AI?
The rise of generative AI is expected to reshape the leverage model in law firms.
As AI takes on basic tasks, the number of entry-level lawyers may decrease while the number of senior lawyers offering strategic advice may increase. [ more ]
Elite Boutique Proves Big Money Isn't Just For Biglaw
Elite litigation boutique Holwell Shuster & Goldberg LLP is offering compensation and bonuses comparable to Biglaw firms.
The firm, founded by former judge Richard Holwell, has grown to around 60 lawyers and is able to compete with larger firms in terms of compensation. [ more ]
How AI Can Assist Lawyers with Client Correspondence
Generative AI tools have high potential to assist lawyers in legal research and email writing.
Clear and concise client communication is important for lawyers and generative AI can help with tailoring business communications.
Lawyers can use generative AI to suggest alternate phrasing, analyze the emotional tone of their communication, and provide real-time feedback on policies and documents. [ more ]
Collaborate And Litigate With LexisNexis CaseMap Cloud
Efficient information management in legal cases is crucial for high-quality outcomes, which CaseMap Cloud by LexisNexis facilitates effectively. [ more ]
Zalkin law firm settles suit by clients whose sex abuse details were hacked by BlackCat
The Zalkin Law Firm was sued after a cyber breach compromising clients' data, BlackCat demanded a ransom, Zalkin failed to notify affected clients promptly. [ more ]
Selendy Gay Spin-Off Firm Opens Its Doors, With More Partners From The Elite Boutique In Tow
David Elsberg left Selendy Gay Elsberg to start Elsberg Baker & Maruri with former Quinn Emanuel colleagues.
Elsberg Baker & Maruri anticipates handling five trials and arbitrations this year, with plans to bring on 14 associates and implement a seven-year promotion track. [ more ]
Mid-Sized Firms Working Harder, Making More... And STILL Leaving More Money On The Table Than Other Firms
Mid-sized firms often get neglected in the news, overshadowed by big law firms and small boutique firms.
According to the US Census County Business Patterns Report, there are over 9,000 mid-sized law firms in the country, which is roughly 80 times more than firms in the Biglaw range. [ more ]
Lateral Link has promoted several members of their team for their exceptional skills and contributions.
The promotions include Managing Principal Jon Kahn in New York, Senior Principal Amy Savage in Washington, D.C., and Senior Principal Lauren Smith in Washington, D.C. [ more ]