Majority of in-house teams will take to AI

This article was written by Michael Cross for Law Gazette. The Original article can be found via: https://www.lawgazette.co.uk/practice/majority-of-in-house-teams-will-take-to-ai/5069250.article Well over half of corporate legal departments will have artificial intelligence systems for analysing and reviewing contracts in a year’s time, a survey of global businesses has predicted. However, it warns GCs to beware of claims that[…]

Ashurst becomes latest firm to launch NewLaw graduate training scheme

Ashurst has recently launched a graduate scheme known as Ashurst Advance, this is within its NewLaw legal operations division. This scheme is known as the Ashurst Advance Pathway Programme or Pathway. Those who are chosen for this scheme gain the opportunity to train in regions such as Legal operations, legal project management, legal technology and[…]

Will AI replace lawyers? Assessing the potential of artificial intelligence in legal services.

Certain parts of this article was written by Tim Watkins for Computer weekly. The Original article can be found via: https://www.computerweekly.com/opinion/Will-AI-replace-lawyers-Assessing-the-potential-of-artificial-intelligence-in-legal-services It is obvious that lawyers do not expect AI to replace them, however the potential for the technology in law and other professional services must not be underestimated.  A US study conducted in 2018[…]

Top litigation funder says sector has undergone ‘sea change’ as profits surge

This Article was written by John Hyde for Law Gazette. The Original article can be found via: https://www.lawgazette.co.uk/news/top-litigation-funder-says-sector-has-undergone-sea-change-as-profits-surge/5069618.article Lawyers trust Burford is the world’s most experienced, transparent and well-capitalized provider of finance to the legal market. With a team of over 80 in the US, Europe and Asia-Pacific. Burford focus primarily on the London Stock[…]

EY’s legal march stepped up with outsourcing acquisition

A member of the big four accountancy firm EY took a step worthy of attention towards the legal market with the acquisition of a legal process outsourcing business from Thomas Reuters. On Wednesday the 3rd of April, it was confirmed by EY that an agreement to purchase the Pangea3 Legal Managed Services business was set[…]

How do we pay our contractors? – Sonovate explained

Our contract lawyers are paid on a fixed hourly/daily rate for their assignment and contract with Contax on a non-exclusive basis – ensuring IR35 compliance. Contax have a long-standing relationship with Sonovate, who are our online third-party timesheet and payment authorisers.   On a monthly basis, our contractors submit their timesheets online, which generates a[…]

Brand new tech said to halve the cost of transcripts

Voice recognition software will be harnessed by a social enterprise which was set up by legal aid barrister Sophie Walker. She is the current CEO of Just-Transcription. The primary aim for this technology is to slash the cost of court transcripts. This new technology is said to aid in the understanding of the workings of[…]