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
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.
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 2: Live Free, Search Hard
Nov 8, 2019 11:05:35 AM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, Legal Tech, Machine Learning, Creative Solutions, Extreme Problem Solving
Last week we discussed relevance and the advantages that NLP based search engines have compared to their keyword searching counterparts. Because NLP understands the elements of a search query in context, NLP based engines, like Dorothy, have a clear advantage over keyword based search engines. We used relatively simple examples to illustrate this point. But, there’s more.
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.
The First of Many Victories
Aug 23, 2019 4:36:58 PM / by Curtis Wadsworth, Founder, CEO posted in Insider, Patent Law, lawyer, Natural Language Processing, AI, Legal Tech, Machine Learning, Creative Solutions, Extreme Problem Solving
Beta Testing
Jul 26, 2019 3:52:49 PM / by Curtis Wadsworth, Founder, CEO posted in Patent Law, Natural Language Processing, AI, Legal Tech, Machine Learning
We invited 22 people to preview Dorothy, and I’ve had butterflies in my stomach for more than a week.