The latest concern of Laws Technology Information targets an exciting fresh initiative by American Tavern Association (ABA). The project is designed to provide consumers usage of affordable legal services, while as well giving lawyers the tools to generate small-firm techniques. The issue explores the purpose technology plays in this changing dynamic. ALM’s editor-in-chief, Monica Bay, gives some insight on the task and other related topics. For more information on LTN, read the entire document.
The ABA’s Law Technology News, a prestigious industry publication, lately law technology news named John Alber the 1st recipient of it is inaugural Lifetime Achievement Merit. While company legal departments are spending millions of dollars about technology, they’re not utilizing it as much as they’d hoped. This fact has skepticism regarding the transformative nature of tools. Alber received the pay tribute to from Laws Technology Information editor in chief Monica Bay. Irrespective of her accomplishment, she is certainly not discouraged by challenges in advance.
While AJE continues to change the legal industry, many businesses continue to concentrate on the benefits of automation and artificial intelligence. For instance , simply this month, AI-powered contract platform Common Traditional secured $4. 5 million in seedling funding. According to Crunchbase News, the legal technology sector received $1 billion in venture capital funding in 2018.