January 10, 2024

Corporate Legal Trends for GCs to Monitor in 2024

Corporate executives were forced to navigate some choppy waters in 2023, from the sudden emergence of new Artificial Intelligence (AI) applications and ongoing cybersecurity threats to the challenge of managing significant workforce reductions at many large companies. One common thread for how corporations worked their way through these minefields was the increasingly strategic role of the general counsel. “For...

January 08, 2024

AI and Ethical Concerns for Legal Practitioners

By Tracy Duplantier Practicing lawyers knows that Rule 1.1 of the ABA Model Rules of Professional Conduct requires that “a lawyer shall provide competent representation to a client” and that this duty “requires the legal knowledge, skill, thoroughness and preparation reasonably necessary for the representation.” More than 40 states have adopted Comment 8 to Rule 1.1, which says that “to...

December 12, 2023

AI goes to law school

By Kristen Baginski and Celeste Pometto DiNicola The commercial launch of ChatGPT just one year ago brought artificial intelligence out of the category of futuristic technologies with vague applications and directly into Americans’ living rooms for the here and now. We slowly began to recognize the extraordinary potential of AI in our day-to-day lives as consumers, students and knowledge workers. But most legal...

November 17, 2023

Lessons from the SBF Saga: Tips for GCs On Hiring a Forensic Accounting Team

After a two-week trial, and just four hours of jury deliberations, Sam Bankman-Fried was found guilty on seven counts of fraud and conspiracy on November 2 nd for his role in the collapse of cryptocurrency exchange FTX. Bankman-Fried was convicted of “defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange and of fleecing its investors,” reported Law360 . The FTX and...

October 25, 2023

How Generative AI Can Enhance Legal Research Responsibly

How Generative AI Can Enhance Legal Research Responsibly Legal professionals are now moving beyond the initial hype surrounding generative artificial intelligence (AI) technology and taking a clear-eyed look at specific potential use cases for AI tools in the practice of law. The LexisNexis International Legal Generative AI Study found that two-thirds (65%) of lawyers foresee the highest potential for generative AI...

October 25, 2023

How AI Can Assist Lawyers with Client Correspondence

How AI Can Assist Lawyers with Client Correspondence The legal industry has now moved past the hype surrounding the emergence of generative artificial intelligence (AI) technology as we dive into practical explorations of specific use cases for AI within the practice of law. The LexisNexis International Legal Generative AI Survey — in which LexisNexis queried nearly 8,000 lawyers, law students and consumers...

October 24, 2023

Antitrust Healthcare Guidelines for Small Firm Counsel

Summary: Developing a Strong Antitrust Foundation Cost-Effective Risk Assessment Leveraging Agency Precedent for Smaller Clients Building Relationships with Specialists Avoiding Small Firm Overconfidence The complex world of healthcare antitrust, once dominated by massive mergers and conduct cases involving giant insurers and hospital chains, has expanded its reach to envelop even solo practitioners...

October 20, 2023

Navigating Healthcare's Cybersecurity Challenges: Unveiling Pain Points and Solutions

The convergence of cybersecurity and cyber technology is an important issue in the fast-changing world of healthcare, where cutting-edge technology enhances patient care and research. The healthcare sector benefits from innovation but also faces difficult challenges related to protecting private patient information and preserving the integrity of interconnected systems. Recent have demonstrated the pressing necessity...

October 19, 2023

Antitrust in Healthcare: An Overview of Issues for Attorneys

Summary: Mergers and Acquisitions Anticompetitive Conduct Insurance and ACO Antitrust Navigating Antitrust Agencies and Regulations Role of Antitrust Counsel in Healthcare Researching Antitrust Issues in Healthcare Over the past few decades, antitrust enforcement has become increasingly prevalent in the healthcare industry. With rising healthcare costs, consolidation among hospitals and insurance providers...

October 17, 2023

Legal AI vs. ChatGPT: What Makes Them Different?

The commercial launch of ChatGPT in November 2022 touched off a global frenzy of excitement — and consternation — about the new technology known as generative artificial intelligence (AI). We all learned quickly that generative AI tools represent an entirely new area of innovation because this technology is designed to actually create new content in the form of images, text, audio and more. Since the introduction...

October 06, 2023

Corporate Legal Department Hiring Accelerates as Companies Bring More Work In-House

With corporate budgets tightening this year, most general counsel have been forced to scrutinize their spending across the board. One strategy they appear to be embracing is to bring more work in-house as a means of increasing efficiency and better controlling expenses. “In-house counsel hiring is on the rise,” reported Law360 . “Companies are moving cautiously in these economic times, but a just-released...

September 29, 2023

Discovering the Legacy: 10 Famous Hispanic Lawyers Who Shaped History

Summary Click on an attorney to jump to their bio: Manuel J. Ruiz, Jr. Reynaldo Guerra Garza Raúl Héctor Castro Antonia Hernández Cruz Reynoso Sonia Sotomayor Antonio Villaraigosa Alberto Gonzales Linda Sánchez Tom Perez When we think of influential figures in the legal field, the names of Hispanic lawyers often stand out for their remarkable...

September 28, 2023

Emergence of AI-Related Legislation Points to New Frontier for Corporate Compliance

Few technology innovations in recent memory have touched off the wide range of emotions in social conversation as the nascent category of generative artificial intelligence (AI) tools. Depending on whom you ask, generative AI either represents an exciting breakthrough in human creativity, a terrifying new world of deepfakes run amok, or both. After spotting the tech industry a head start since the launch of ChatGPT...

September 20, 2023

Arbitration vs. Litigation: Making the Right Choice

Summary: What is Arbitration? Is Arbitration Better than Litigation? Why Choose Litigation Over Arbitration? Other Factors That Influence the Path to Arbitration vs. Litigation What is a Disadvantage of Arbitration? Differences Between Arbitration and Litigation Choosing the Right Path for Your Firm Attorneys often face critical decisions that can significantly impact their clients' cases and...

September 13, 2023

Six Budget-Friendly Marketing Ideas for the Small Law Firm

This post was originally published in October 2018 and verified in September 2023. So, you’re a skilled lawyer working for a small (or solo) law firm - though it may be tempting to assume your reputation or skill alone is enough to attract a strong client base, don’t be fooled. As with any business, a good marketing strategy is paramount to success. Though small firms may not have the luxury of dedicated...

September 13, 2023

Small Law Firm Budget: Tips for Managing Finances Effectively

As a solo or small firm attorney, managing your law firm's budget is a crucial aspect of running a successful practice. Staying financially sound allows you to focus on serving your clients without the added stress of financial concerns. In this article, we'll explore essential tips to help you effectively manage your small law firm budget. Setting Clear Financial Goals To start, you need to establish clear...

August 31, 2023

Top 8 Legal Areas Impacted by Generative AI: Where In-House Legal Teams Need to Focus

In-house counsel across all industries have indicated that they are prepared for the emergence of artificial intelligence (AI) tools and applications within the legal profession. A recent survey by LexisNexis found that more than two-thirds (67%) of in-house lawyers expect the law firms they work with will use cutting-edge technology, including generative AI, and 58% indicated that they expect their outside counsel to...

August 29, 2023

Building the Future of Legal AI on a Strong Foundation

By Jeremiah jenkins Legaltech News published an insightful feature on July 24, 2023, tracking the events leading up to the explosion of conversation this year about the potential impact of AI on the legal industry. “In late-2022, commercially available generative artificial intelligence tools saw an exponential increase in sophistication and ability, taking the legal world by storm,” reported LTN . “As...

August 29, 2023

State Regulation of AI in the Spotlight at 2023 NCSL Legislative Summit

More than 5,000 lawmakers and public policy professionals arrived from every state in the U.S. to attend the 48th annual National Conference of State Legislatures' (NCSL) Legislative Summit, Aug. 14-16, 2023, at the Indiana Convention Center. The NCSL Legislative Summit is the nation’s largest gathering of state lawmakers and legislative staff, providing a platform for legislators, staff and other public policy...

August 23, 2023

How Generative AI is Disrupting Law Firm Billing Practices

Summary Alternative Fee Arrangements Enhanced Productivity with Generative AI Challenges and Ethical Considerations Preparing for the Future Legal Industry with Lexis+ AI Updated November 6, 2023 In the ever-evolving landscape of the legal profession, one aspect has remained constant: the importance of billing practices . Law firms, irrespective of their size or specialization, rely on billing methods...

August 22, 2023

Billable Hours: A Small Law Firm's Guide to Maximizing Time and Profits

Summary What are Billable Hours? How to Calculate Billable Hours Time Management Strategies for Small Law Attorneys Emerging Trends Maximize Billable Hours with Lexis+ Billable hours are the lifeblood of a small law firm – and mastering the art and science of defining, navigating, and balancing them alongside the other functions of your role is crucial for your success. However, in between managing...

August 17, 2023

Legal Tech ROI: The Stats are In for Small to Midsize Law Firms Making a Big Purchase

Summary: Study Methodology Saving Money with Legal Technology More Benefits to Legal Tech Saving Money with LexisNexis 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 . For example, Lexis+ ® boasts benefits...

July 28, 2023

Navigating Data Privacy Regulations in the Insurance Industry

There has been a push for increased transparency and regulation in the insurance industry regarding consumer data privacy. With an increase in consumer data collection, the threat of ransomware attacks can open your company up to potential litigation or regulatory action if not handled properly. Introduction of Model #674 On February 1, 2023, the National Association of Insurance Commissioners (NAIC) released Insurance...

July 21, 2023

AI Tools for Legal Research: Lessons Learned from a Federal Case

By Megan Bramhall The New York Times broke a story over Memorial Day weekend that many of us working in the legal technology industry knew was inevitable. A lawyer had used ChatGPT to assist him with some legal research, copied and pasted the case citations surfaced by the AI chatbot into a brief prepared for a client, and filed that brief in New York federal court. The problem? He never checked those cites and they...

July 19, 2023

Height and Weight Discrimination Laws on the Rise: Implications for In-House Counsel

By Elias Kahn | LexisNexis Practical Guidance New York City became the largest city in the nation to ban discrimination on the basis of height or weight when it comes to employment decisions under a bill signed by Mayor Eric Adams in May 2023. “We all deserve the same access to employment, housing and public accommodation, regardless of our appearance,” said Mayor Adams. “It shouldn’t matter...