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Legal Tech: TAR As a Reincarnation of Human Review
The legal field has been inundated with various types of Artificial Intelligence (AI) technology that have promised to revolutionize the industry. From document review to predictive analytics and decision-making tools, there is no shortage of AI tools available. The recent public debut of ChatGPT and GPT-4, while fueling excitement about the future of AI, has only added to the confusion to those of us in the legal industry, leaving many unsure of its implications for litigation and law practice in general. For definition purposes, "litigation" will encompass legal practices that involve the review of data or material information in responding to an internal or external investigation, and/or traditional civil or commercial litigation matters.
This article seeks to provide clarity and context on the different types of AI available in the legal industry today and how the new GPT technology fits into that landscape. More importantly, it will illustrate the potential impact of the next generation of AI on litigation and legal practice as a whole. Understanding the capabilities and limitations of these new AI tools will be helpful for lawyers and legal professionals looking to improve efficiency in advising and supporting their clients. In essence, AI has the potential to learn how we communicate and become a virtual assistant in the practice of law.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?