This week was back to reality week for me. Back from the fun, sizzle and excitement of CES (fka the Consumer Electronics Show). Back from sunny Las Vegas with all its glitz and glamour. I always come back from this event charged up and optimistic about what is possible in tech and the legal profession.
Every year since 1995, Mary Meeker issues a comprehensive, exhaustive and, definitive internet and social media trends report. This Report underscores the most important statistics and technology trends on the internet. It focuses on internet usage, advertising trends, and other tech trends. Almost everyone in the tech and social media areas pays particular attention to Meeker’s findings and statistics. This year’s Report came out in June. Meeker, left Kleiner Perkins last fall after eight years at the VC firm and is now with Bond Cap LLC.
I recently listened to the Kennedy-Mighell podcast in which they discussed the Report and its findings, which caused me to wade through the 334 slides that compose Meeker’s observations and analysis. I found key metrics that should interest lawyers and particularly trial lawyers.
I have been intrigued of late with the potential power of big data and data analytics to disrupt the practice of law and provide insights into areas previously governed by lawyer “gut instinct.” For example, litigation data analytics can provide useful and significant insights into such things as experience and tendencies of opposing counsel, judicial inclinations, and timing. Analytics is revolutionizing the counsel selection process as clients use data to learn the truth about lawyer marketing claims and determine the best fit for matters.
This week I’m attending the Enterprise World Conference in Toronto put on by OpenText. OpenText is an Enterprise Information Management (EIM) company that works with businesses of all sorts to manage digital information and then use that information to better achieve their goals. If that sounds broad, its because it is. OpenText has its hands in almost every industry.
OpenText recently made a big play to get into the LegalTech space and is trumpeting this entry at the Conference. OpenText’s legal section and programs have been mentioned prominently in the company keynotes and educational sessions and it has devoted significant space on the exhibit floor to its legal related products.
Wilson Sonsini and its new tech ancillary business, SixFifty, may be ushering in a new wave for providing legal services and law firm marketing. The combination promises to provide automated legal services for more commodity type services under the Wilson Sonsini brand in hopes that it will generate more lucrative business for Wilson Sonsini later.
Sometime ago, I read an article about a former biglaw litigator, Kathleen Dooley, who left biglaw to go in-house for Hu-manity.co. Hu-manity.co is dedicated to enabling individuals to claim legal ownership of their inherent human data as property (i.e., doing good for the world).
Since I, too, was a former biglaw litigator who recently left for something else, I reached out to her to see what prompted her to make the change and how she went about it. I found her to be a fascinating person who gave her change process a lot of thought. Here is my interview of her in which she candidly talks about her change, what she’s doing now and the state of women in law. I hope you enjoy it as much as I did doing it.
I tell you, no prophet is accepted on his own land.
Assume: /ə-soom/ Verb. Making an ass out of you and me
Sometimes you find pearls right under your nose. You just miss seeing them because you make certain assumptions based on what you’ve heard or how you have been conditioned. This happened to me recently when I discovered there is a Kentucky law school on the cutting edge of teaching innovation, entrepreneurship and legal technology. …
An interesting article appeared today in Artificial Lawyer (AL), Richard Tromans’ excellent blog on the impact of artificial intelligence, data analytics, and more generally, technology on the practice of law.
The gist of the article is that UK-based insurance law firm BLM has announced a partnership with the London School of Economics (LSE), to develop litigation prediction models as part of a wider move into legal analytics. …