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[…]

WeWork boasts huge growth – but losses double

WeWork – recently re-branded to The We Company – has reported doubling its revenue from last year to an impressive $1.82bn. However, its umbrella company also reported annual losses of $1.93bn for 2018. The jump in revenue was due to an increase in membership to 401,000 at the end of 2018, up from 186,000 from the year before. Now many[…]

Should GC’s sit on the board?

Kate Teh, Group Legal Director for Telegraph Media Group has said that General Counsel’s should sit beside the board – not on it. She has stated that board alignment with the General Counsel is an “excellent thing”, stressing how GC input is valuable and highly important. It can help shape the direction the company is[…]

Interview with GC of Crabtree & Evelyn

Interview with the in-house General Counsel of Crabtree & Evelyn – Katie Power  The UK may be slow to shift from the standard 9-5, but Katie Power recognises the advantages! She expressed her determination in ensuring her team members retain lives outside of their jobs. “I tell them to take a long lunch break and[…]

Pinsent Masons brings flexible lawyer service to Hong Kong

VARIO HAS LAUNCHED IN HONG KONG! Pinsent Masons has expanded its flexible lawyering arm to Hong Kong. It is in response to a growing demand in the Asia-Pacific region from lawyers who want to work differently and more independently. Matthew Kay, managing director of Vario: ‘The legal world is changing, and more businesses need quality[…]

Dechert embraces a new relaxed dress code

Dechert lawyers can now wear jeans ANY day of the week! The firm already has a “business casual” dress policy, which was updated last week to specifically cater for jeans. Dechert’s director of human resources, Caroline Bowes: “As a forward-thinking business with an innovative culture, our change in business dress code is about inclusivity, empowering[…]