The Traklight Blog

Explore the world of intangible assets and IP with guest blogs, business owner interviews, and more.

Data & Analytics in the Law

Our most recent New York event covered the new topic of "Data & Analytics in the Law" as we look to focus more on adoption and implementation of legal tech in panels and discussions. The evening kicked off with a Darwin Talk on Artificial Intelligence: An Historical Perspective from Dean Sonderegger of Wolters Kluwer.

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Talking Tech Savvy In-House Counsel in Silicon Valley

Evolve Law was back in Silicon Valley for another great legal tech event, this one focused on the "Tech Savvy In-House Counsel." The evening kicked off with a Darwin Talk from Tina Fan of SimpleLegal. Tina's presentation was on "Best Practices for Implementing Legal Operations Software". When it comes to implementation, there isn't a one-size-fits-all answer for every company; there are many tools available for firms and companies to use. When looking at implementing legal ops software, in-house legal departments need to examine what their goals are as a department and ask whether they align with what the company goals are, as well as asking why they're looking to implement software and what they are hoping to accomplish with it. They also need to plan for how they want to implement the software and the resources necessary to get it implemented correctly and to get everyone in the department or company on board. Perhaps most importantly, when you're looking to automate a process, you want to make sure that it's a good process that you're committing to.

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Legal Technology and Smart Contracts: Blockchain & Smart Contracts (Part IV)

Much has been written on blockchain recently, even in legal. We continue our series with Mark Oblad, VP, Legal and Finance at JW Player, who has coded a number of tools for automating transactions. Last time we talked about open source and industry source of information for contracts here.  This time, we look first at smart contracts. The concept of the “smart contract” has taken hold and is becoming increasingly the focus of legal technology groups, such as the Computable Contracts Initiative at Stanford Law School’s CodeX, Cardozo Law School’s Tech Startup Clinic, New York Law School’s Center for Business and Financial Lawlaw.MIT.edu, and Computational Legal Studies.

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Legal Technology and Smart Contracts: Contracts as Code, Part 1

Artificial intelligence (AI), blockchain, and chat bots are all hot topics these days. At a spring Seattle legal technology event, computable contracts were recommended as a focus for a future event. Mark Oblad, who I have interviewed previously here has done a deep dive into this space over the past eighteen months and below is part one in a series of five pieces on contracts, smart contracts, and blockchain.

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Alternative Legal Business Models

We had our recent "Alternative Legal Business Models" event in Palo Alto hosted by our friends at Dentons. As always, the event sparked lively conversation on the topic of the current legal models, and the way that is is, could be, and should be changed for its own good and the good of those it is supposed to serve.

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Technology and Legal Plans

Last May I successfully ran for the GLSA Board because my personal mission is to support legal plans to  address our access to justice challenge. Further, I believe that technology within the plans is the leverage needed to serve more Americans. Join us in Scottsdale next month on May 18th to hear from some legal luminaries as we gather for the GLSA Annual Education conference in conjunction with GP Solo, more information here.

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Tech Savvy In-House Counsel

We were back in Los Angeles on February 22nd for another great legal tech event, hosted by Dentons. We had a great panel who had a lot of interesting ideas about the future of technology in law, and how tech is changing the role of the in-house counsel.  Technology is an inexorable part of everyday life, and as such attorneys need to be familiar with it in order to not only address the emerging legal issues that can arise from technology, but also to protect their clients' information. But there is that familiar tension between lawyers and technology as attorneys worry about machines one day replacing them. The role of attorneys continues to change and adapt as in-house counsel and in-house legal departments become more and more prevalent at big corporations. The interaction between business and legal serves as a positive to the case for the continued existence of the human lawyer, as human relationships and judgment can't be replicated or replaced by machines.

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Legal Innovation: Trends & Ethics from Different Perspectives

Our most recent event was also the first in what is partially the hometown of Evolve Law. Our February 18 event "Legal Innovation: trends & Ethics from Different Perspectives" was hosted by Evolve Law members Ipro Tech in Phoenix. The evening's panel was moderated by Kim Taylor, CEO and President of Ipro Tech, and featured Josh King, General Counsel at Avvo; Maria Speth, Shareholder at Jaburg Wilk; Marc Chelsey, CEO of BMD Advisers; and Tighe Wilhelmy, VP Business Development at Local Lawyer Guide.

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Investment in Legal Technology

GeometryBG8.jpgThe legal tech field can be a tough one. and one of the most challenging aspects is fundraising. Finding investors who understand what you do can be difficult. Our recent "Investment in Legal Tech" event brought together an enthusiastic panel to try and shed light on this issue.

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What's Up with the Pace of Legal Tech Adoption?

Recently I was part of a group of legaltech entrepreneurs discussing the long sales cycle into the legal industry and the glacial pace of technology adoption.  After spending the few years working with more than a thousand legal professionals, a few theories emerged.  I posed the two following questions online to learn more about the near paralysis of change in the legal industry.

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