Last week we discussed the emergence of alternative legal service providers and their impact on law firms in the years since the 2008 economic downturn. Firms and lawyers who have succeeded in this time period, particularly in non-litigation, transactional and patent law practices have found ways to work within the framework of their corporate clients. It makes sense to look at trends in the legal market from the perspective of general counsel, which according to ALM Intelligence:
The Fundamental Shift 2
Jan 31, 2020 8:15:00 AM / by Curtis Wadsworth, Founder, CEO posted in Insider, Patent Law, lawyer, Natural Language Processing, AI, Legal Tech, ALSP
Atrium “Legal” Technology Services
Jan 17, 2020 1:14:54 PM / by Curtis Wadsworth, Founder, CEO posted in Insider, lawyer, AI, Legal Tech
TechCrunch reported this week that Atrium LTS (Legal Technology Services), which bills itself as a corporate law firm, laid-off most of its lawyers, becoming the first “corporate law firm” with no actual lawyers. This would seem to be a surprising turn of events.
Client reaction to Atrium's decision to lay-off legal staff has been definitive.
Augmenting Intelligence Since 2020
Jan 10, 2020 11:43:12 AM / by Curtis Wadsworth, Founder, CEO posted in Insider, lawyer, Natural Language Processing, AI, Legal Tech
The 19th century 20’s brought in the first industrial revolution with powered looms and steam powered railroads. The 20th century’s 20’s were roaring, an age of prosperity that ushered in widespread use of automobiles, telephones, movies, radio, electrical appliances, and air travel.
Data in Depth
Dec 13, 2019 12:22:49 PM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, AI, Legal Tech, Machine Learning
AI is everywhere. It’s telling you what to buy, who to connect with, what you’re looking for when you enter a search query, and what to watch on TV. Many of these AI models, like Netflix, compare the shows you watched and your user preferences to the shows other users with similar preferences have watched to guess what shows you’ll like.
Just Claim Complex
Nov 23, 2019 1:00:50 PM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, AI, Legal Tech, Machine Learning, Extreme Problem Solving
If you’ve talked to me recently, I likely told you about our efforts to build the ultimate Freedom-To-Operate (FTO) search engine, Dorothy FREEDOMTM (pronounced Braveheart style, obviously).
Introducing DiversiSEARCH
Nov 15, 2019 10:31:32 AM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, AI, Legal Tech, Creative Solutions, Extreme Problem Solving
This week we are pushing a revolutionary update that will improve the results returned by Dorothy across technologies. The update includes a number of improvements including better relevancy scoring and reduced redundancy. By far, the biggest improvement is the introduction of DiversiSEARCHTM technology to the platform.
Exploring Relevancy
Nov 3, 2019 9:07:39 AM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, AI, Legal Tech, Extreme Problem Solving, Startup
The single most important determinant of whether a search was successful is whether the documents returned by the search engine are relevant to the user. As you might imagine, relevancy is a daily discussion at DorothyAI, since we want to have happy customers who view our returned results as being highly relevant.
What is Natural Language Processing?
Oct 12, 2019 9:04:31 AM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, lawyer, Natural Language Processing, AI, Legal Tech, Extreme Problem Solving
Dorothy uses natural language processing to search the patent database. Many search platforms have semantic search capabilities which seem to vary in their effectiveness. Like Dorothy, the semantic search query is a plain English description of the thing being searched. You are probably asking yourself, “What’s the difference?”
Dorothy Saves Lives
Oct 4, 2019 12:47:38 PM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, AI, Legal Tech, Creative Solutions, Extreme Problem Solving
Patents are REALLY important in the pharmaceutical industry. Taking a new drug to market cost $3-$5 billion and can take up to 16 years thanks to the arduous FDA approval process. Even though many patents that cover new drugs have less 5 years pendency after the drug is approved for sale, 80% of the overall revenue pharmaceutical companies make are tied directly to a patent claiming an approved drug. VC’s and institutional investors understand this, and rarely invest in drugs that are not covered by at least one patent. Basically, if you are going to raise money for a biotech company and/or you want to recoup the cost of bringing the drug to market you are going to need a patent.
Keeping our eyes on the ball
Sep 29, 2019 9:06:31 AM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, AI, Legal Tech, Startup
Meeting with Mike Shamos, patent lawyer, distinguished career professor and the Carnegie Mellon Language Technology Institute, and co-founder of DorothyAI, is always a treat. After explaining various problems that we all agree are extremely difficult maybe impossible, Mike walks to the dry erase board in his office and begins outlining a solution. He goes on to describe numerous applications for the solution all of which solve problems patent lawyers have faced for decades. He’s like a fountain of good ideas.