BriefBox’s Post

Don’t forget to register for this week’s Law Department Operations Survey webinar. The rise of generative AI hasn't altered the key performance indicators for most law departments, which still prioritize cost and efficiency. As "what gets measured gets managed," legal ops pros must continue identifying and tracking key metrics to align with the department's success factors. Please join industry veterans Mark Ross, Principal & Co-Leader at Deloitte Legal Business Services, Kristina Satkunas, Director of Strategic Consulting at LexisNexis CounselLink,  Chase D'Agostino D’Agostino, Managing Director at FTI Consulting, and me as we discuss: ■ KPIs and critical challenges ■ Metrics to track for success ■ Tools and strategies for tracking metrics ■ Value of communicating metrics and data with law firms and business units ■ Potential impact of generative AI on metrics and reporting Register now: https://lnkd.in/gB2JVXQu #legalops #legaltech #legalinnovation #legalai

🚀 𝐒𝐭𝐞𝐩 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐌𝐨𝐝𝐞𝐫𝐧 𝐋𝐚𝐰 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐞 𝐨𝐟 𝐀𝐈! 🤖💼 As AI integrates into our legal fabric, modern law practices are undergoing a seismic shift, becoming agile and data-driven hubs of excellence. WIth a career dedicated to shaping the legal landscape, I'm excited to explore what defines a modern law practice today! 𝐃𝐢𝐯𝐞𝐫𝐬𝐞, 𝐀𝐠𝐢𝐥𝐞, 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞: Imagine a legal team where diverse talents converge, fueled by agility and collaboration. One of my greatest sources of professional pride is being able to help champion global teams that harness varied skill sets for innovative solutions that redefine and reshape the legal industry. 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐀𝐥𝐢𝐠𝐧𝐞𝐝 𝐚𝐧𝐝 𝐒𝐜𝐚𝐥𝐚𝐛𝐥𝐞: Modern law practices don't just navigate legal waters; they sail alongside business goals. The best out there are spearheading strategic planning and continuous improvements, aligning operations for scalable growth and revenue acceleration. ⛵ 𝐃𝐚𝐭𝐚 𝐀𝐠𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐌𝐚𝐤𝐢𝐧𝐠: In today's legal arena, data transforms into actionable insights. AI and analytics, especially tailored and more purpose built models, drive informed decisions, uncover opportunities, and elevate client service to exceptional levels. 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦-𝐄𝐧𝐚𝐛𝐥𝐞𝐝 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞:  AI-powered platforms are the bedrock of modern law firms and law departments, amplifying efficiency and driving innovation. Embark on this exhilarating journey as we unveil the future of law practices! Let's champion diversity, agility, data-driven strategies, and AI-powered innovations, shaping a legal realm that's not just futuristic but profoundly impactful. 🌟💼 #LegalTech #AIinLaw #FutureofLaw #innovationInLegal

It's still possible to register for tomorrow's Law Department Operation Survey webinar. The rise of generative AI hasn't altered the key performance indicators for most law departments, which still prioritize cost and efficiency. As "what gets measured gets managed," legal ops pros must continue identifying and tracking key metrics to align with the department's success factors. Please join industry veterans Mark Ross, Principal & Co-Leader at Deloitte Legal Business Services, Kristina Satkunas, Director of Strategic Consulting at LexisNexis CounselLink, Chase D'Agostino D’Agostino, Managing Director at FTI Consulting, and me as we discuss: ■ KPIs and critical challenges ■ Metrics to track for success ■ Tools and strategies for tracking metrics ■ Value of communicating metrics and data with law firms and business units ■ Potential impact of generative AI on metrics and reporting Register now: https://lnkd.in/gB2JVXQu #legalops #legaltech #legalinnovation #legalai

PwC boosts its internal and external legal services capabilities with ContractPodAi's GenAI technology, Leah. Read the article and commentary below.👇 https://lnkd.in/gayEH-cd #legalservices #artificialintelligence #genai

As legal teams face increasing pressure to do more with less, the role of technology in legal operations has never been more critical. Last Tuesday, we organized together with Deloitte Legal, Silver Partner of IBJ-IJE (Instituut voor bedrijfsjuristen - Institut des juristes d'entreprise) a successful seminar on the future of legal work. We received useful insights about how Generative AI is transforming our department’s productivity, decision-making, and client service and learned more about the opportunities and pitfalls that this technology brings. #LegalWork

Are law firms changing their attitude towards technology? Q1 not only illustrated the current resilience of #LawFirms, but it also revealed a new finding that might suggest the rise of an innovative trend around technology. This American study from Thomson Reuters is revealing to any jurisdiction in that it focuses on what I view as best practices in understanding what legal, compliance or accounting professionals in any segment expect from technology solutions: efficiency, productivity and time-saving. (See chart picture below which is worth a 1000 word answer). I like to keep the story "simple" in knowledge management rather than "simplistic" as to why lawyers should invest in products like Co Counsel from Casetext, Part of Thomson Reuters - find a technology that helps with a work process you currently have, and you will find something worth investing in and adopting. You don't have to be an expert in Generative Ai technology to use a new tool or probe all the ramifications of AI for humanity to find something in a product that will streamline a task or job and make life easier. Most of my legal colleagues all have this fundamental mindset. "There are many factors that could be driving tech investment higher in law firms. One potential reason could be that firms are betting on GenAI tools to help them automate and speed up repetitive work. For example, the Thomson Reuters Institute’s 2024 GenAI in Professional Services report found that the top use cases for 327 surveyed law firms using or planning to use GenAI are, to some extent, routine tasks such as legal research, brief drafting, and document review and summarization. Following in the findings from the report, law firms acknowledge that properly implementing and leveraging technology could indeed result in greater profitability. For example, one good practice would be to conduct a careful assessment to identify the areas of opportunity in which technology could be used to optimize the time of lawyers. By doing this, firms may find ways to reduce their costs either by decreasing their need for certain staff or by identifying greater efficiencies in the time required to complete a matter." #legaltechnology #legalai #legalinsights #legalpractice https://gag.gl/JVON9f

See below. The Audley Capital Ltd team are hosting a series of webinars this week focused on the transformative power of AI in litigation funding. #litigationfinance #litigationfunding #litfin #legalfunding #legalfinance #AI #legaltech #legalinnovation

If You’re a Legal Professional Seeking to Shine in 2025, This Is for You! I’ve gathered the 4 must-read articles that will prepare you for the future of the legal field. If you take the time to read these, you’ll have a clear understanding of what’s waiting for you and how to navigate the opportunities ahead. These articles cover: -Emerging trends in legal tech and AI -The future of legal operations and governance -The evolving role of legal professionals in a globalized world 👉 Dive into the insights: 1️⃣"US Law Firms Eye 2025 with Optimism, Report Says" This article explores the positive outlook of U.S. law firms for 2025, highlighting anticipated growth opportunities and the impact of artificial intelligence on legal services. https://lnkd.in/eX8ZWY3n 2️⃣"Top 10 Legal Trends in 2025: A Deeper Look into the Legal Industry" This piece delves into the top ten legal trends expected to dominate the industry in 2025, including the rise of artificial intelligence and the increasing importance of legal operations. https://lnkd.in/eRQ_SkQ9 3️⃣"The Future of the Legal Function in 2025: 10 Key Predictions" This article provides ten key predictions for the future of legal functions, covering topics from automation and AI to enterprise legal management. https://lnkd.in/e_XbNGXQ 4️⃣"The Top 7 Legal Trends to Look for in 2025" This article discusses the top seven legal trends anticipated in 2025, focusing on advancements in AI, data integration, and evolving business models. https://lnkd.in/eXhHp2md These articles offer valuable insights into the evolving legal landscape and the trends shaping the industry in 2025. ✨ The future belongs to those who prepare today. Are you ready? #LegalExcellence #FutureOfLaw #LegalTrends2025 #ProfessionalDevelopment

https://lnkd.in/eRQ_SkQ9 2️⃣"Top 10 Legal Trends in 2025: A Deeper Look into the Legal Industry" This piece delves into the top ten legal trends expected to dominate the industry in 2025, including the rise of artificial intelligence and the increasing importance of legal operations.

Webinar Series: Transforming Legal Finance with AI and Innovation We’re excited to invite lawyers, funders, and family offices to our upcoming webinars this week. Join us as we explore the transformative power of AI in litigation funding, share insights from our journey, and uncover new opportunities for growth and impact. Webinar Details: For Lawyers: Wednesday, 27th November 2024, at 10:00 AM For Funders: Wednesday, 27th November 2024, at 3:00 PM For Family Offices: Thursday, 28th November 2024, at 2:00 PM Key Topics: ⚫ Legal Intelligence: See how our pioneering platform is revolutionising legal finance through cutting-edge AI, enabling accuracy and efficiency. ⚫ AI as a Guardian of Capital: Discover how AI mitigates risks, tracks milestones, and ensures efficient capital deployment. ⚫ Revolutionising Capital Deployment: Learn how automation accelerates funding processes for solicitors and claim management companies. ⚫ The Power of AI Analytics: Gain real-time insights into case evaluation, due diligence, and decision-making. ⚫ Litigation Funding and Social Justice: Explore how funding levels the playing field and ensures access to justice. ⚫ Market Growth Opportunities: Learn why litigation funding is poised to grow from $13 billion in 2024 to $30 billion annually within a decade.   Whether you're a legal professional seeking funding solutions, a funder navigating capital risks, or a family office looking for ESG-aligned investment opportunities, this webinar is for you. Attendance is free, but spaces are limited! Please message us now and we will send you the details. #LegalFinance #LitigationFunding #AI #Innovation #Webina