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:
If you haven’t heard, the 2020 Report on the State of the Legal Market published by The Center on Ethics and the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute, states that “Fundamental Shifts Are Disrupting the Legal Market.” It’s the title, as a matter of fact, and every legal publication in existence has published an article about the report with effectively the same title.
The "fundamental shift"...
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.
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.
Tis’ the season for gift giving!
Don't end up like Mr. Shirley! Reward your favorite patent attorney with a gift from DorothyAI's gift giving guide.
If you are into patent tech, the Gaylord National Resort convention center was the place to be last week. Most of the extremely small number of patent tech startups in the world were represented at the AIPLA (American Intellectual Property Law Association) national meeting, all in the 30 foot section of the convention center, “Startup Alley.”
Two-thirds of the almost 150 patent lawyers and agents we talked to over the last year, describe duplicates in the returned results as a major problem with current search tools. We have a plan for removing duplicates that appears to be working pretty well in testing. The best part is that we can use what we learned finding duplicates to add even more value platform. We’ll talk about our solution in a future post.
At first multiple Shia LaBeouf's was fun...
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?”
Being an adult sucks. Remember when you were in school? The moment you leave your last class all of the stress of the semester was washed away. You were free with nothing to worry about.