Thought Leadership
Third Party Funding and Arbitration in Hong Kong
This checklist appeared first in the Dispute Resolution module of Lexis+ ® Practical Guidance Hong Kong. Complete the form below to receive the full article. In brief, t hird party funding involves a third party providing funds to cover a claimant's legal costs and expenses to pursue a claim. In return, the funder expects to receive a share from the proceeds recovered by the claimant, which can be calculated as...
Privacy Management Programme for Legal Practices
Privacy Management Programmes (PMP) are designed to assist organisations with building a robust privacy infrastructure to manage the privacy risks associated with the handling of personal data. While the Personal Data (Privacy) Ordinance (Cap 486) (PDPO) does not require a data user to undertake a PMP, it is, however, perceived by the Privacy Commissioner for Personal Data (PCPD) as good privacy governance embraced...
Harnessing the Power of AI in the Legal Landscape
The legal landscape is undergoing a transformative shift, driven by the increasing adoption of Artificial Intelligence (AI). This whitepaper provides a comprehensive guide for lawyers and firms navigating this evolving landscape. From immediate opportunities to long-term impact, Harnessing the Power of AI in the Legal Landscape explores the full spectrum of AI's influence on the legal profession. It explores best practices...
Generative AI, the Bar, and overcoming hallucinations
Harness the power of AI by understanding the risks of hallucinations This whitepaper delves into the ethical implications of hallucinations generated by AI, specifically within the legal field. It explores the potential dangers of relying on inaccurate information and how it can negatively impact a barrister's reputation and practice. The most recent LexisNexis ® whitepaper, ' Generative AI, the Bar, and overcoming...
China Relaxes Cross-border Data Transfer Restrictions
Unlock the insights and practical implications of the recently released Regulations for Promoting and Standardising Cross-Border Data Transfer (CBDT Regs) by the Cyberspace Administration of China, as this in-depth article delves into the changes and their impact on organisations engaged in cross-border data transfers to and from mainland China. Download the whitepaper now to stay compliant, mitigate risks, and harness...
10 steps GCs can take to minimise data security risks
Find out how you can strengthen your business' security posture. Enterprise data security threats pose a persistent challenge, yet General Counsel (GCs) express declining confidence in their organisations' preparedness. With executives tackling breach mitigation, in-house counsel play a crucial role in managing legal and compliance implications. Download the whitepaper , 10 steps GCs can take to minimise data security...
Should law firms disclose the use of generative AI?
A recent LexisNexis report demonstrated that firms need to tell clients they are using AI. But how much information should they give? In this article, we delve into the need for transparency, explore the varying degrees of disclosure, and offer guidance on how law firms can responsibly and sensibly communicate their usage of generative AI tools to clients. Download the whitepaper - Should law firms disclose...
Purpose and Stewardship: Embedding ESG at all levels of the organisation
Complimentary paper and ESG checklist Introducing our latest whitepaper - " Purpose and Stewardship: Embedding ESG at all levels of the organisation. " In collaboration with industry experts, LexisNexis ® recently chaired a discussion at the Governance Institute of Australia's Government Risk Management Forum with ESG expert, Dr. Tracey Dodd, from the University of Adelaide, and Robyn Parkin, Head of Sustainability...
In-house leadership: Generating true value for your organisation
In this latest whitepaper from LexisNexis, leadership expert Dr. Paul Hughes from the Center for Creative Leadership explores the question of what it means to be a strategic in-house legal leader. Find out how in-house lawyers can broaden the way they see themselves and focus on how they can help guide their teams towards shaping their company for higher efficiency and profitability using the "Polarities Management...
The Challenges and Solutions to investing in working practices and systems for Small Law Firms
With expensive new technology flooding the legal market, it's easy for even the most cutting-edge law firms to fall behind the times. But leaving your lawyers to rely on outdated legacy systems and old-school processes will cost you more in the long run. Access the full report now to disover answers and actionable strategies to key questions and topics, including: The main challenges faced by law firms when adopting...
LegalTech ROI: The stats are in for small to midsize law firms making a big purchase
In today’s fast-paced legal landscape, purchasing the right legal research technology is critical – especially for solo and small to midsize law firms who have the opportunity to reap benefits that help them outpace larger competition. While legal research technology may come with a significant investment, as it tends to become more costly as the content and features improve, the benefits it brings far outweigh the...
Making the Case for In-house Legal Tech and Proving Return on Investment
A recent LexisNexis® survey has shown that 50% of in-house lawyers wouldn't join a team that didn't use legal tech. Find out how tech adoption is becoming a greater expectation in business and how legal tech investment generates a greater return on investment. Download LexisNexis' latest whitepaper - Making the Case for In-house Legal Tech and Proving Return on Investment, and learn how to leverage technology to enhance...
The Ethics of AI: Preparing for the Evolution
The digital future is evolving before our eyes - a sight that is as exciting for some as it is terrifying for others. But as we move towards a world in which AI is even more ingrained in every aspect of our lives and business, it’s essential we engage in open discussion of the ethical considerations in building such a revolutionary technology. Recently, LexisNexis ® and the GIA partnered for both a National Conference...
How Law Firms Can Maximise Billings From Their Lawyers
The average recorded hours per lawyer is dropping. As we step into the era of Generative AI, where clients expect law firms they collaborate with to employ legal technologies for reducing legal work hours and enhancing work quality, a pertinent question arises: Will traditional legal billing remain sustainable? Additionally, how can law firms maximise profitability while reducing hours? Download the whitepaper - How...
In-house Insights: How legal teams are approaching value creation
In-house Insights: How legal teams are approaching value creation In‐house counsel are principally tasked with the reduction of legal risk and providing a fast, convenient service which, as compared to external suppliers, is more tailored to the business thanks to a deeper understanding of its needs, pain points and is executed at a lower cost of service. Yet, although the core role of legal has not changed, the...
Generative AI and the future of the legal profession
Generative AI and the future of the legal profession report Generative AI has the potential to completely transform the legal profession. Firms without it will struggle to provide the same level of data-driven insight and depth of analysis that clients will come to expect. When should law firms and in-house teams start experimenting with this rapidly accelerating technology? And how far are they willing to push...
Responding to Data Breaches on Practical Guidance
Your Complimentary Responding to Data Breaches on Practical Guidance Is your organisation well prepared to respond appropriately to a data breach incident? How can you effectively mitigate the threat of loss or damage arising from cybercrime? Part of your planning for future cybersecurity risks should include having a data breach response plan in place. By pre-establishing who will be a part of any response team...
LexisNexis®︎ Bellwether 2023 Report
Building a bold and beautiful business strategy ‐ a report for small law firms and solo practitioners. To win new business and retain their existing portfolios, small law firms and solo practitioners know they need to evolve. But how far are they willing to push to build their businesses? In this latest LexisNexis ® Bellwether report, we investigate the client acquisition and retention strategies of small law...
Escaping the in-house legal labyrinth: using technology to demonstrate value
In-house legal counsel are under increasing pressure to deliver - and they believe legal technology is their silver bullet. Instead of looking to innovate across the board, the focal point for many is streamlining the simple, low-level tasks so there's more time to dedicate to strategic work. A short-term outlook means in-house legal departments risk getting stuck inside a legal labyrinth of their own making. In...
The pros and cons of the global law firm
An investigation into the technology, talent and services on offer at the world's largest law firms. A global law firm supposedly gives you access to the top legal minds and the top legal tools on the planet. But at a time of increased connectivity and access to information, does a global firm really offer anything you wouldn't get from a local outfit? In this report, we spoke with UK-based leaders in some...
2023 Survey Report: Generative AI & the Legal Profession
Generative AI Captures Imagination of Lawyers, Law Students, Consumers The first of its kind, LexisNexis released a survey completed by over 4,100 lawyers, law students, and consumers gauging current awareness of generative AI, use of generative AI tools in their workflow, and willingness to adopt generative AI tools for legal work. Download the 2023 Survey Report: Generative AI & the Legal Profession now. ...
Generative AI and what it means to you
Unlike its generative predecessors such as Midjourney and DALL-E 2, ChatGPT seems to have caught the interest and imagination of the mainstream. I’d initially held-off writing anything on the launch of ChatGPT due to the hype that accompanies these launches, but over a month later, it is still very much in the public consciousness. While it is still early days, ChatGPT represents a significant set forward in generative...
Artificial Intelligence in Legal Research and Practice: Trends, Risks and Opportunities
Artificial Intelligence (AI) has become an integral part of almost every legal professional of different industries. However, adopting AI into your daily workflow can be a daunting task. Why and how are legal experts using AI in their work, and what should you know before integrating it into your legal research? The most recent LexisNexis ® whitepaper, ' Artificial Intelligence in Legal Research and Practice ' answers...
How to Branch into a New Practice Area of the Law
Introducing our latest whitepaper - " How to branch into a new practice area of the law " Branching into a new practice area can be quite difficult. Lawyers need to ensure they are fully informed about the decision and take the right steps to make it happen. Download this complimentary article for an exploration of the various routes available for lawyers to branch into a new practice area, looking at upskilling...