Jevons Paradox
Jevons Paradox + Why GenAI Will Increase Legal Demand
What if generative AI drives an increase in demand for legal services? What if Jevons Paradox applies here and by increasing the efficiency of legal …
GenAI Accuracy
Wolters Kluwer’s Human Solution to GenAI Inaccuracy
Wolters Kluwer in Australia has a novel solution to genAI hallucinations and errors: don’t entirely trust it on its own. Instead, the company is providing …
GenAI + Disputes
Disputes Startup DecoverAI Bags $2m For Legal Research + Reasoning
DecoverAI, a new genAI-based legal tech startup that formed only last year, has raised $2 million in a Seed funding round led by Leo Capital. …
Conference
Save The Date: Legal Innovators UK – Nov 6 + 7
Save the date! Legal Innovators UK takes place over two days in London on November 6th and 7th. As always, we will be super-focused on the …
State Funding
Definely Bags £585K from State-Backed Innovate UK
British tax payers have kindly donated £585,000 ($750,000) to legal tech company Definely, via a Government-backed Innovate UK grant. The additional cash follows an earlier …
Deal Management
Product Walk Through: Litera Transact – Deal Management Platform
This week’s Product Walk Through is about Litera Transact, the transaction management platform. As the company explains, Litera Transact ‘seeks to bring flexibility, speed, and …
GenAI Accuracy
Paxton Hits 94% Accuracy On Stanford GenAI Benchmark
Legal genAI company Paxton AI has announced it has achieved ‘93.82% average accuracy on tasks in the Stanford Legal Hallucination Benchmark’. The company has also …
Global Legal Tech
Harvey Enters Japan With Leading Law Firm Mori Hamada
Legal genAI pioneer Harvey has struck a deal with leading Japanese law firm Mori Hamada & Matsumoto (MHM), believed to be its first in the …
Legal Tech M&A
Litera Buys FileTrail Info Governance Company
Litera has bought FileTrail, an information governance and records management company, for an undisclosed sum. US-based FileTrail is around 24 years old and works across …
Bad GenAI
ODI Targets GenAI’s Lack of Data Transparency
The Open Data Institute (ODI), a non-profit think tank co-founded by Sir Tim Berners-Lee, has launched an ‘AI Transparency Index’ and made five key recommendations …