With Launch Today of ‘Playbooks,’ Gen AI Company Spellbook Expands Into In-House Legal Market

This post was originally published on this siteSpellbook, the company that introduced the first generative AI copilot for contract drafting and review in 2022, and that last August launched a sophisticated AI agent for law capable of planning and executing complex, multi-step workflows, today rolled out Playbooks, a contract-review feature designed for in-house teams working […]

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Report from Thomson Reuters and Georgetown Law Says 2024 Was the Beginning of the End for the Traditional Law Firm Business Model

This post was originally published on this siteIn their annual report on the state of the U.S. legal market, Thomson Reuters and the Center on Ethics and the Legal Profession at Georgetown Law say that 2024 was a pivotal year for law firms, marking the beginning of the end for the traditional law firm business […]

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Elite, Business Management Platform for Large Law Firms, Acquires Payments Processor Tranch

This post was originally published on this siteElite, the financial and business management platform for large law firms that Thomson Reuters sold to private equity firm TPG Inc. in 2023, said today that it has acquired Tranch, an invoice automation and payments platform providing invoice management and payment options for law firms and their clients. […]

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Special Edition Today: Legaltech Week’s Year in Review – Our Panelists’ Picks of the Top Stories of 2024

This post was originally published on this siteWhat were the most important stories of 2024 for legal technology and innovation? In a special edition of Legaltech Week today, our panel of journalists and bloggers will share their picks of the trends and developments that mattered most. The show is live today at 3 p.m. ET. […]

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AI, Ethics, Essays and Scandals Ranked Among LawSites’ 40 Most Popular Legal Tech Stories of 2024

This post was originally published on this siteIt says something about our collective attitude towards generative AI in legal that this blog’s most-read story of the year was about lawyers getting sanctioned for hallucinated case citations. In fact, it will probably not surprise you to learn that, of my 40 most-read stories of the year, […]

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Seeking to Expand Access to Justice, Washington State Pilot Will Allow Non-Lawyer Entities to Practice Law

This post was originally published on this siteSimilar to regulatory reform initiatives in Utah and Arizona, the Washington Supreme Court has entered an order approving a pilot program that will allow companies and nonprofits that are not owned by lawyers to provide legal services under carefully monitored conditions. The court’s order (Order 25700-B-721), entered Dec. […]

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