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An administrators' progress report for the now-defunct Parabis Group, published this week on Companies House, showed that unsecured creditors will receive only half of what was already a dismal return on their outstanding debts.


Legal Delivery at The Speed of Business -- And Why It Matters

Forbes - Tech

"Time is Money" wrote Benjamin Franklin in a 1748 essay titled Advice to a Young Tradesman. Franklin was a polymath--scientist, statesman, publisher, inventor and diplomat. Is it coincidence that he was almost everything except an attorney? Lawyers have a different take on time than other industries. The legal profession uses it as a price gauge--more is better.


Improving Efficiency: Finding the Best Legal Tech Solutions

#artificialintelligence

Improving efficiency is an ever-important but never-ending aspect of maintaining and growing any business, including law firms. Having a finger on the pulse of technological advancement keeps a firm "in the know" of applications that can make their jobs easier, reduce overhead, and make their clients happier. Because only around 30 percent of law firms employ a technology specialist with the primary goal of keeping the firm at the cutting edge of innovations, the task of staying up to date with the best solutions often falls on lawyers themselves. In fact, most states have adopted ABA Model Rules of Professional Conduct Rule 1.1's duty of technology competence, making lawyers directly responsible for keeping up to speed. Nevertheless, adapting to relevant technology is one of the biggest challenges facing law firms today.


Improving Efficiency: Finding the Best Legal Tech Solutions

#artificialintelligence

Improving efficiency is an ever-important but never-ending aspect of maintaining and growing any business, including law firms. Having a finger on the pulse of technological advancement keeps a firm "in the know" of applications that can make their jobs easier, reduce overhead, and make their clients happier. Because only around 30 percent of law firms employ a technology specialist with the primary goal of keeping the firm at the cutting edge of innovations, the task of staying up to date with the best solutions often falls on lawyers themselves. In fact, most states have adopted ABA Model Rules of Professional Conduct Rule 1.1's duty of technology competence, making lawyers directly responsible for keeping up to speed. Nevertheless, adapting to relevant technology is one of the biggest challenges facing law firms today.


How Legal Chatbots Will Automate Lawyer Services in the Future

#artificialintelligence

Chatbots are revolutionizing almost every industry, and they can now provide AI legal services as well. People can chat with a lawyer online for free now, initiating an online legal chat with a virtual legal assistant to quickly get all the help they need. But will lawyers be automated because of legal chatbots? A so-called chatbot lawyer can't and won't replace an actual human lawyer. No matter how advanced AI in chatbots becomes in the future, we will always need the human touch, especially with legal matters. A law bot can only enhance the work of lawyers.