The legal industry has been slow to embrace artificial intelligence (AI)*. But other industries and professions are not waiting to deliver AI’s enhanced precision and cost efficiencies. How high do the stakes have to be before law begins to catch up with medicine? … On April 11, 2018 the U.S.…
With all the references to the attorney-client privilege in recent news, I had been meaning to post an article on this important legal protection. Today’s Wall Street Journal contains an op-ed by former U.S. Attorney General and former federal judge Michael B. Mukasey that surpasses — in practical wisdom and…
To protect itself, a company needs regulatory advice from a lawyer who knows how a government agency would view its activities. Like a pro football team, regulators who bring an enforcement action against your company are rarely playing the first game of their careers. So there should be little, if…
In this blog I describe how to use effective management and liability prevention to control corporate legal costs. This calls for a certain amount of detail. But in providing that detail I want to be sure not to lose sight of what this blog and my law practice are all…
Half a decade ago Harvard Law School’s Professor David Wilkins announced that the legal industry had entered “the Global Age of More for Less” (see this speech, and this journal article). The response from all but a few attorneys: Crickets. Seen in the light of their cost-plus business model, “more…
Company owners and executives need to take charge of legal and regulatory affairs in order to control legal costs, prevent liability, and otherwise cope with the legal and regulatory system’s increasing demands upon business. Because their lawyers won’t do it for them. … Consider last week’s diagnosis (here and here)…
When I left the practice of law to accept a corporate client’s invitation to run a division, what I had to un-learn as a (then former) lawyer was even more important than the new skills I acquired as a general manager. … None of this is meant to criticize the legal…
LawGeex — an Israel-based tech company whose artificial intelligence (AI)-based document review software automates the process of identifying risky provisions in contracts — has announced the results of a peer-reviewed study that compared artificial intelligence to human lawyers in the review of standard business contracts called non-disclosure agreements (NDAs). The…
[Publication 3/16/2018]