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.
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.
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).
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.
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.
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.
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.”