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 bankruptcy law


Meet 'Ross,' the newly hired legal robot

#artificialintelligence

One of the country's biggest law firms has become the first to publicly announce that it has "hired" a robot lawyer to assist with bankruptcy cases. The robot, called ROSS, has been marketed as "the world's first artificially intelligent attorney." ROSS has joined the ranks of law firm BakerHostetler, which employs about 50 human lawyers just in its bankruptcy practice. The AI machine, powered by IBM's Watson technology, will serve as a legal researcher for the firm. It will be responsible for sifting through thousands of legal documents to bolster the firm's cases.


Lily Robotics Promises Refunds As It Files For Bankruptcy Protection

Forbes - Tech

Lily Robotics, which promised an autonomous flying camera, is shutting down operations. Lily Robotics, the hyped drone startup that shutdown last month amid a consumer-protection civil suit from the San Francisco District Attorney's office, filed for Chapter 11 bankruptcy protection on Monday. In documents submitted to a U.S. district court in Delaware, Lily Robotics outlined its intentions to auction off intellectual property and refund customers, which it said was its first priority. "[Lily] wants to ensure no customers are harmed in this process," wrote Curtis Solsvig, a managing director at Goldin Associates who is named as the company's chief restructuring officer. Lily amassed more than $38 million in pre-orders from 61,450 customers in more than 80 countries, according to the filing.


Andrew Arruda of ROSS Intelligence: "We Want to Assist Every Lawyer in the World"

#artificialintelligence

After graduating with a law degree from the University of Saskatchewan, Andrew identified a problem amid the legal hierarchy – by experiencing it first-hand. "I worked at a small law firm to pay my way through university and law school. When I started out I did a lot of the grunt work that senior lawyers don't do. Legal research takes about 30% of a lawyer's time. Currently legal research works by inputting keywords to search a massive databases of cases – you type in a query and get thousands of results, which a lawyer has to trawl through to pick out key meanings. I was doing that, and I can tell you that it's a mess and takes a long time".


Meet 'Ross,' The Newly Hired Legal Robot - The MSP Hub

#artificialintelligence

One of the country's biggest law firms has become the first to publicly announce that it has "hired" a robot lawyer to assist with bankruptcy cases. The robot, called ROSS, has been marketed as "the world's first artificially intelligent attorney." ROSS has joined the ranks of law firm BakerHostetler, which employs about 50 human lawyers just in its bankruptcy practice. The AI machine, powered by IBM's Watson technology, will serve as a legal researcher for the firm. It will be responsible for sifting through thousands of legal documents to bolster the firm's cases.