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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.


Artificial Intelligence and the legal profession -- is there a safe intersection?

#artificialintelligence

If you look at the news, it looks like the entire world will be run by artificial intelligence (AI) in just a decade or two. One of the latest conversations has to do with the role of AI in the legal world. Is there a future here? The legal industry is still based on the same principles that it was decades ago, but it's undergone some pretty significant changes over the past few years. One area, in particular, that's worth exploring is AI.


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.