Category: Artificial Intelligence
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How medium-sized law firms can use legal tech to compete with the big industry players
Originally published in the Legal Insights UK & Ireland By Joseph Raczynski The familiar trio of ‘People, Process, and Technology’ play a role in every business. However, as medium-sized law firms increasingly compete for the same pool of clients with large law, it is the ‘Process and Technology’ that are shifting, and levelling the playing field.…
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Artificial Intelligence and the UK vs. US Approach
Originally published on Legal Insights UK & Ireland By Joseph Raczynski, edits, questions and preface by Ann Lundin and Joe Davis. Artificial intelligence will threaten most jobs at some point soon—and new jobs will emerge’ The impact of innovative technology is undoubtedly going to radically reshape the delivery of legal services in the years ahead. To…
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Podcast: The Legal Impact of Autonomous Vehicles (Part 2) with Phil Yannella of Ballard Spahr
Originally published in the Legal Executive Institute. By Joseph Raczynski, Gregg Wirth, and Phil Yannella In the second of our podcasts on autonomous vehicles, I speak to Phil Yannella, the co-practice leader of Ballard Spahr’s Privacy and Data Security Group, about security and regulatory issues around driverless vehicles. Phil Yannella of Ballard Spahr In his capacity at…
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Leveraging blockchain to decrease data breaches, increase security
Originally published in Thomson Reuters By Joseph Raczynski In the not-too-distant future, blockchain will get personal – very personal. That’s a good thing when it comes to integrity of your digital identity. The Internet is a complex space for identity management. Every site has a login and password, and those sites which have federated their…
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Podcast: The Legal Impact of Autonomous Vehicle Connectivity with Neal Walters of Ballard Spahr
Originally published in The Legal Executive Institute. By Joseph Raczynski, Gregg Wirth, and Neal Waters In a new podcast, Neal Walters, the practice leader of Ballard Spahr’s Product Liability and Mass Tort group, speaks with Joe Racyznski, a legal technologist and futurist for Thompson Reuters Legal, about the legal impact of the connectivity issues involving autonomous…
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Legal Technology/Internet 4.0 – How will Legal Technology Change the Industry?
By Joseph Raczynski INSOL Europe 2017 Annual Congress Warsaw INSOL Conference – Joseph Raczynski Warsaw, Poland – Sofitel Victoria. Before the full contingent of 400 attendees at the INSOL Europe Annual Congress a panel of three stepped into the future of legal technology and its impact on insolvency and the courts in Europe. The panel…
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Podcast: The Legal Implications of Driverless Car Technology with Akerman’s Gail Gottehrer (Part 2)
Originally published in the Legal Executive Institute. By Joseph Raczynski, Gregg Wirth, and Gail Gottehrer In a new two-part Thomson Reuters’ Legal Executive Institute podcast, Joe Raczynski, Legal Technologist and Futurist with Thomson Reuters Legal, discusses the hot topic of driverless car technology and its impact on the legal industry with attorney Gail Gottehrer, partner…
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Podcast: The Legal Implications of Autonomous Vehicle Technology with Akerman’s Gail Gottehrer (Part 1)
Originally published in the Legal Executive Institute. By Joseph Raczynski, Gregg Wirth & Gail Gottehrer In a new two-part Thomson Reuters’ Legal Executive Institute podcast, Joe Raczynski, Legal Technologist and Futurist with Thomson Reuters Legal, discusses the hot topic of autonomous vehicles and their impact on the legal industry with attorney Gail Gottehrer, partner at…
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Understanding the Impact of Emerging Legal Tech: What is Here, What is Coming & What is Important?
This was originally posted in The Legal Executive Institute. By Joseph Raczynski Major credit for these events goes to the respective Field teams in Boston, New York, and Hartford as well as home office – Marketing – on pulling these off with aplomb! A special thanks to the Thomson Reuters Labs for their deep…
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Emerging Technology in the Legal Industry (Video)
By Joseph Raczynski In this Vlog, learn about Emerging Technology in the Legal industry. I focus on the impact of the Trinity of Forces (Cloud, Infinite Processing Power and AI) on Emerging Technology in the Legal industry. The Emerging Technologies discussed are: Artificial Intelligence, Blockchain, Analytics, VR/MR/AR (Virtual Reality, Mixed Reality and Augmented Reality) and…
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Legal Technology is “Thriving”: Richard Susskind Hosts the British Legal Technology Forum 2017
Originally posted on the Legal Executive Institute By Joseph Raczynski LONDON — The British Legal Technology Forum 2017, Europe’s largest event focused on legal technology, was held recently at the exquisite Old Billingsgate along the Thames River. The event showcased 55 speakers on five stages, with more than 1,400 in attendance. Event organizers use a…
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Increasingly Cloudy — Law Firms Continue the Flight into the Storage Heavens and What the Future Holds
Originally published on the Legal Executive Institute By Joseph Raczynski With the recently released ILTA Technology Survey there is little question that Cloud adoption is drifting upward at law firms. I have also seen this trend through recent conversations with law firm CIOs and CTOs. The shift is real. ILTA’s survey qualified this change to…
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ILTACON 2016: Re-Imagining Legal Technology for the 21st Century
So reverberated the words of Mike Walsh a Futurist/CEO of Tomorrow, across an audience of more than 3,000 legal professionals at ILTACON 2016, a four-day conference that centers on the intersection of technology and the legal industry.
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ILTACON 2016: Looking into the Future & Building the Exponential Law Firm
At ILTACON 2016, Rohit Talwar, CEO of Fast Future, spoke about the disruption in the legal industry occurring around us and more precisely which technologies will have the largest impact on law firms in the near future.
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LegalSEC: Shedding Light on the Dark Net
By Joseph Raczynski The importance of law firms understanding the dark web Your very sensitive private client data could be available for all to see on the Internet right now. Technically this data would be on the Dark Net or Dark Web. It is the portion of the World Wide Web that is hidden or…
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Law Firm of the Future – The Trinity of Forces: Infinite Processing Power, Memory, and Machine Learning
By Joseph Raczynski In ten years, it is predicted that 40% of the Fortune 500 companies will no longer exist1. This forecast originally cited in Fast Company is from a Babson Olin School of Business study. This notion is nearly incomprehensible, but may have a significant impact on the legal business. Why is this happening…
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ILTACON – “Watson, I Need You!” Augmented Intelligence for Legal
By Joseph Raczynski If you were to imagine the researching aspect of a law firm of the future, what would that look like? Kyla Moran from the IBM Watson Group led a discussion down the path of what we could expect. In what seemed like a shock to many in the room, Moran described an…
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ILTACON – Legal Technology Innovation: Bolstering and Destroying the Legal Profession
By Joseph Raczynski The Napsterization of the legal industry is growing more plausible every day. The innovation and disruption seen in the music business around digitization and file sharing is happening right now to the legal industry. Ryan McClead of Norton Rose Fulbright led a panel discussion, “Legal Technology Innovation: Bolstering and Destroying the Legal…
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Exponential Growth—The Data Explosion and Resulting Challenges and Opportunities for Law Firms, Part 2
By Joseph Raczynski Over the course of the next several years I predict that many law firms will begin hiring data scientist. In my previous post Exponential Growth – The Data Explosion and Resulting Challenges and Opportunities for Law Firms, Part 1 I discussed how our current data explosion threatens experts at law firms but could…
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Exponential Growth – The Data Explosion and Resulting Challenges and Opportunities for Law Firms, Part 1
By Joseph Raczynski We are currently living in the hockey stick portion of explosive data growth. That is, 90% of data humans amassed has been collected during the past two years. According to IBM Watson, this is gathering speed exponentially such that 2.5 billion gigabytes of new data is generated every day and the majority…
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The Next Legal Era: Artificial Intelligence and Cognitive Computing
By Joseph Raczynski We are on the cusp of a new era in computer technology. What could possibly connect rapid automated legal decisions; systematized stack ranked medical diagnosis, and never created scrumptious food recipes? At the IBM Cloud Innovation Forum in Dana Point CA, Mike Rhodin SVP of IBM Watson connected the three with a…