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The market is continuing to adapt to the new economic reality of 2020. The development and improvement of sophisticated software continues to be a critical component of the new normal. The legal landscape...
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The COVID-19 pandemic continues to change many aspects of “business as usual” legal work. Use of natural language processing (NLP) tools is one such change. Law firms and law departments are...
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The COVID-19 pandemic has affected every aspect of global life. As more and more people work from home, the development and improvement of sophisticated software has become even more integral to revitalizing...
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The spread of COVID-19 has already had a significant impact on the lives of millions. Here in the legal industry, both law firms and law departments are beginning to assess their priorities in light of...
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By Dr. Daniel Martin Katz, VP, Data Science and Innovation, at Elevate Services COVID-19 has officially been declared a pandemic. Public schools and universities have closed, governors are ordering the...
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The novel coronavirus continues to spread, and thousands have been diagnosed with COVID-19. Beyond the toll of thousands infected and some hundreds dead, the global economy has been severely disrupted....
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There is a huge market demand for contract analytics tools like ContraxSuite. The LIBOR transition and new legislation like the CCPA are changing the legal landscape and transforming contract analytics...
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The ability to search is what makes digitization such a powerful and pervasive force in the world. We can easily navigate electronic documents on our computer or tablet or phone. We know what simple search...
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There is a huge market demand for contract analytics tools like ContraxSuite. The LIBOR transition and new legislation like the CCPA are changing the legal landscape and transforming contract analytics...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. The LIBOR transition is a big part of this shift, one that we explore more deeply in our white paper. More generally,...
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Artificial Intelligence continues to dominate the news cycle in multiple industries. We know what some of the results of AI look like – such as self-driving cars and algorithms designed to predict...
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Law company Elevate has announced that it will make three of its technology products available on the legal tech app platform Reynen Court, which enables law firms to deploy pre-vetted, security-tested...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. The LIBOR transition is a big part of this shift, one that we explore more deeply in our new white paper. We...
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Our parent company Elevate announced today that its legal AI platform ContraxSuite has been selected by Clifford Chance to power its new data science lab. Building on the firm’s existing AI capabilities,...
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LIBOR goes dark sometime toward the end of 2021, and even now, financial institutions are preparing for it. As discussed in Part 1, Part 2, Part 3, and Part 4, the potential consequences are substantial...
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LIBOR goes dark sometime toward the end of 2021, and even now, financial institutions are preparing for it. As discussed in Part 1, Part 2, and Part 3, the potential consequences are substantial and wide-ranging,...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. The imminent demise of LIBOR has also increased demand for targeted contract review. In response, we are continuing...
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If you’re reading this, you already have a sneaking suspicion that there is a lot of work to do between today and the day LIBOR finally goes dark. As discussed in Part 1 and Part 2, the potential consequences...
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If you’re reading this, you already have a sneaking suspicion that there is a lot of work to do between today and the day LIBOR finally goes dark. As we discussed last week, the potential consequences...
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The Problem Quick: What famous British invention from the 1970s is more ubiquitous than the Beatles? The London Interbank Offered Rate, commonly referred to as LIBOR, has provided a mainstay reference...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. Law firms and legal departments need the best available contract review software, and that is why we continue...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. Our ContraxSuite development team is growing, and we are working every day to add new functionality and improve...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. Every day, we are adding new functionality to ContraxSuite, and improving existing capabilities. We’ve...
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Client demand for document and contract analytics tools like ContraxSuite continues to grow. Every day, we are adding new functionality to ContraxSuite, and improving existing capabilities. Our parent...
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Client demand for document and contract analytics tools like ContraxSuite continues to rise. We are improving ContraxSuite everyday, including building functionality for integration with document management...
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Can we predict the success rate of Chapter 13 bankruptcy filings? Over the summer, we discussed the work of Warren Agin on bankruptcy, machine learning, and prediction models. One of the ultimate goals...
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Client demand for document and contract analytics tools like ContraxSuite continues to rise. We are improving ContraxSuite everyday, including building functionality for integration with document management...
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LOS ANGELES – November 14, 2018 – Global law company Elevate today announced the acquisition of enterprise legal AI technology and consulting firm LexPredict. The move combines the comprehensive legal...
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It is easy to get dragged onto the legal tech hype train. It is sometimes easy, while riding this train, to forget the very real practical issues that legal tech addresses. We at LexPredict often proselytize...
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The University of Oslo is hosting its 2nd Annual Workshop on Law and Social Science Methods, today and tomorrow. Dan Katz gave a lecture, earlier this morning, on network analysis and machine learning...
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Client demand for document and contract analytics tools like ContraxSuite continues to rise. We continue to improve ContraxSuite, including building functionality for integration with document management...
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In 2019, Josh Blackman re-launched FantasySCOTUS at https://fantasyscotus.net/. The Supreme Court may be down to 8 Justices yet again, but the October 2018 Term has begun! And FantasySCOTUS officially...
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Last week, Dan Katz went to Philadelphia to discuss legal technology and innovation at the 2018 Corporate Counsel Symposium. The Symposium was hosted by the Federation of Defense & Corporate Counsel...
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We recently covered the basics of document management systems (DMS). A DMS is an important tool for an organization of any size, and in a world where the amount of digital data multiplies seemingly every...
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LexPredict is proud to announce that we have taken all necessary steps in order to join the LOT Network. The LOT Network (short for “License on Transfer”) is a network of businesses and other...
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Marketing buzz in the technology space often focuses on the latest, greatest, shiniest piece of tech. This is understandable: it seems like new technologies spring up every day, and there’s always...
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At its inception, LexPredict consisted of Mike and Dan working closely together on strategies, projects, and consulting. Over the years, these initial efforts have bloomed into a full-fledged legal technology...
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Our CSO Dan Katz is delivering two keynote speeches in Australia this week! First, at the ChilliIQ Lawtech Summit outside Brisbane on Thursday, and then at the Future of Law and Innovation in the Profession...
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We are pleased to announce that our Chief Strategy Officer – Daniel Martin Katz is joining the Advisory Council at the ABA Center for Innovation. The ABA Center for Innovation operates at the intersection...
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At its inception, LexPredict consisted of Mike and Dan working closely together on strategies, projects, and consulting. Over the years, these initial efforts have bloomed into a full-fledged legal technology...
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Can we predict the success rate of Chapter 13 bankruptcy filings? At LexPredict, we’ve answered similar questions before. Our predictive analysis of Supreme Court decisions is one notable example....
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At its inception, LexPredict consisted of Mike and Dan working closely together (often remotely) on strategies, projects, and consulting. Over the years, these initial efforts have now ballooned into...
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Client demand for document and contract analytics tools like ContraxSuite continues to rise. At ILTA Con 2018 this week, Dan Katz and Eric Detterman had a lot of impactful discussions about the state of...
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Last month, Dan Katz was invited to participate in the University of Toronto’s “Innovation, Law, and Technology” curriculum for the Global Professional Master of Laws program (GPLLM)....
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LexPredict, a leading legal technology and analytics company, is proud to announce the new ContraxSuite User Interface to support the needs of its growing customer base. Earlier this month we released...
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Artificial Lawyer – the popular, award-winning website for news on AI in the legal profession – has just named LexPredict to its new “AL 100 Legal Tech Directory”. Artificial Lawyer...
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This month, we celebrate the one-year anniversary of our decision to open-source ContraxSuite. In that time, we’ve released thirteen versions of ContraxSuite, expanding features and adding other...
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About a year ago we decided to open source our powerful contract analytics tool, ContraxSuite. Since our initial announcement, we have released thirteen iterations of the software. We have built a user-friendly...
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Baker McKenzie has significantly enhanced its bespoke legal tech offering by partnering with ContraxSuite by LexPredict, an open-source contract analytics and legal document platform. Baker McKenzie’s...
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LexPredict, a leader in the field of legal artificial intelligence, is excited to announce the appointment of Warren Agin as a senior consultant and our new Director of Professional Development. Based...
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LexPredict has joined with law firms BakerHostetler, LegalBono and ErdosIP, and tech companies Monax, Clause, Crowdcube, Libra, Mattereum, Rymedi, TransparentNode and Wolfram Blockchain Labs to create...
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LexPredict is proud to announce that our Chief Strategy Officer, Dan Katz, will be the lead speaker at a session of the FT/RSG Innovative Lawyers Summit in London on Tuesday, June 26th, 2018. The Innovative...
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LexPredict’s OpenEDGAR framework is officially live! Last week, Michael Bommarito, Dan Katz, and Eric Detterman published a new paper on the OpenEDGAR framework. “OpenEDGAR: Open Source Research...
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Last week, we published a paper officially introducing LexNLP. “LexNLP: Natural Language Processing and Information Extraction for Legal and Regulatory Texts” is up on SSRN now. Natural Language...
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At LexPredict we’ve been hard at work on improving ContraxSuite. This past Saturday, June 2nd, marked the release of ContraxSuite 1.1.0. Release Notes When we first decided to make ContraxSuite open...
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Our ContraxSuite platform has been generating a lot of attention lately, especially as we continue to work on improving the user experience over the coming months. But we are also hard at work on other...
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Last week at the Corporate Legal Operations Consortium (CLOC) meeting in Las Vegas, our own Daniel Martin Katz spoke on a panel discussing the widening scope of AI, machine learning, and contract analytics...
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Last Friday at the 2018 ABA Tech Show our own Daniel Martin Katz gave the keynote address on Six Vectors of Legal Innovation. And of course, as always, the place to start was, say it all together now,...
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LexPredict is pleased to announce they have received ISO 27001 certification, a recognized international standard for best practices in information security. In granting this certification, the ISO certifies...
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LexPredict, and its contract analytics platform ContraxSuite, have been featured in National Law Journal’s inaugural list of Legal AI Leaders. Similar to NLJ’s ‘Trailblazers’ series,...
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Our own Jillian Bommarito has written before about the importance of legal reserves. Anyone who manages a company, large or small, needs to have as much flexibility as possible when it comes time to deal...
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Many of our regular blog readers also participate in FantasySCOTUS. It’s a fun challenge for our users, and it keeps many of them coming back year after year (the cash prizes help, too). FantasySCOTUS...
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Our latest public release, ContraxSuite 1.0.4, is now available. In this release, we have continued to build and ship infrastructure for open, customizable contract analytics, focusing on tools for users,...
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Our latest public release, ContraxSuite 1.0.3, is now available. We have put great effort into this version in order to tend our garden: we are pulling weeds, getting rid of bugs, and ensuring that our...
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Release News We are pleased to announce that ContraxSuite 1.0.2, our third public release, is now generally available on GitHub. This release marks an important milestone for us – we have surpassed...
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The October 2017 Term of FantasySCOTUS is about to begin! The contest begins today, Monday, October 2, 2017, and ends July 1, 2018. Create an account and start submitting predictions now. Participants...
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We had an interesting Supreme Court term for 2016, with more than a few surprises. Our winners this term were a diverse group of lawyers and non-lawyers, each with their own unique take on FantasySCOTUS....
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LexGen Ventures is pleased to announce a new advisory partner, Evichat. As many in the legal field already know, eDiscovery tools are increasingly prominent and important to firms of all sizes. One problem...
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Purpose At their core, many academic and commercial applications of natural language processing and machine learning can benefit from a controlled lexicon of expert-selected terms (i.e., a dictionary)....
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The Supreme Court released their final decisions a few weeks ago. The FantasySCOTUS results are now in! Both the Crowd and the Algorithm performed better this term than last term. This is a highly valuable...
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LexPredict is very pleased to announce that, starting today, we’ll be partnering with Elevate Services, a global legal service provider, to deliver technology, data science, machine learning,...
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While data strategies aren’t new, they sure are popular lately. HBR’s latest issue featured a piece on “Two Types of Data Strategies.” The article was full of great observations...
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Predictions are a very valuable tool for identifying opportunity and managing risk, which is why they’re used so often in nearly every human pursuit. A problem with this reliance on human or algorithmic...
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We here at LexPredict are pleased to announce that we have partnered with Exigent, a world-class provider of outsourced legal and tech services. Our goal is to provide comprehensive, cutting-edge, and...
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“…Regulatory exposure and complexity have been increasing in the recent past.” So begins the thesis from our very own Michael J. Bommarito II and Daniel Martin Katz in their new paper....
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LexPredict is proud to introduce the newest member of our team, James Falvey. Mr. Falvey will provide consulting services around risk management and process improvement to LexPredict clients. Mr. Falvey...
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The MSU College of Law’s IPIC (Intellectual Property, Information and Communications) program is hosting a symposium on empirical legal studies (ELS) and the emerging field of legal analytics. ELS...
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The Prototype Jam provides an opportunity for lawyers and computer specialists to design prototypes for small businesses. This collaboration between hackers and lawyers will be focused on helping businesses...
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FantasyJustice is creating quite a buzz in legal circles. Our own Josh Blackman just published some of the highlights on his blog: From USA Today, “Supreme Court wannabes audition in Scalia’s...
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LexPredict is pleased to announce that our founders, Michael Bommarito II and Daniel Martin Katz, will be attending the Fin Legal Tech Conference on Friday, November 4th in Chicago. The conference is hosted...
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LexPredict is pleased to announce that our CEO, Michael Bommarito, will be speaking at the ABA’s New Paradigms panel discussion on September 9th, 2016. The panel will be moderated by the head of...
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This week our latest paper entitled Law on the Market? Evaluating the Securities Market Impact of Supreme Court Decisions. It was recently covered by the Wall Street Journal under the headline “Do...
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Today, we’re announcing the official availability of the LexPredict Agreement Database. A few weeks ago, we sponsored a challenge for the Chicago LexHacks 2015 Hackathon: Extracting Simple...
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Robert Barnes has published a piece in the Washington Post about fun ways to follow the Supreme Court. We are extremely excited about his extensive coverage of FantasySCOTUS, LexPredict, and {Marshall}+....
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There are three ways to forecast events – experts, crowds, and algorithms. The LexPredict team has united all three approaches to offer an accurate method of generating Supreme Court predictions....
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This week, LexPredict was featured in Paul Lippe’s “the new normal” column in the ABA Journal. In the article, LexPredict Chief Strategy Officer Daniel Martin Katz lays out ten predictions...
