Belgian AI Startup LegalFly Secures $16.3 Million In Series A, Keeps the Legal Tech Funding Streak Hot
Legaltech News
Media and Telecommunications
New York, NY 9,700 followers
Covering products, services, people, news, analysis, and commentary for the legal technology community.
About us
Welcome to Legaltech News on LinkedIn, a forum where lawyers, IT leaders, legal professionals and vendors can discuss how technology is changing the legal universe. Follow our page to stay connected to our editors and journalists, and to your peers in the legal industry. Legaltech News is an ALM publication (ALM.com).
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Updates
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The Increasing Value of Human Time in the Age of Advanced AI
The Increasing Value of Human Time in the Age of Advanced AI | Legaltech News
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Clio Releases Clio Accounting, Centralizing Its Fintech Offerings for Trust Accounting
Clio Releases Clio Accounting, Centralizing Its Fintech Offerings for Trust Accounting | Legaltech News
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Thomson Reuters Publicly Launches CoCounsel Drafting in the U.S.
Thomson Reuters Publicly Launches CoCounsel Drafting in the U.S. | Legaltech News
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Duke Energy Florida Rate Case Put on Hold
Duke Energy Florida Rate Case Put on Hold | Daily Business Review
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Miami Judge Rules Podhurst Orseck, Ex-Partner Jointly Liable for 25% Referral Fee
Miami Judge Rules Podhurst Orseck, Ex-Partner Jointly Liable for 25% Referral Fee | Daily Business Review
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Legaltech Rundown: Spellbook Launches 'Benchmarks', New LegalZoom CEO and More
Legaltech Rundown: Spellbook Launches 'Benchmarks', New LegalZoom CEO and More | Legaltech News
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Vandana Dhamija on Navigating the 'Politics and Personalities' Of In-House Tech Procurement
Vandana Dhamija on Navigating the 'Politics and Personalities' Of In-House Tech Procurement | Legaltech News
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As Class Action Settlement Fraud Explodes, Legal Tech Sees an Opportunity
As Class Action Settlement Fraud Explodes, Legal Tech Sees an Opportunity | Legaltech News
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Legaltech News reposted this
A recent quarterly report by Bain & Company found AI is falling short of expectations, particularly in legal. Satisfaction with generative AI's performance fell from 71% to 53% in just a five-month span. (Important to note that the survey was conducted from Oct 2023-Feb. 2024) 🔺 43% said GenAI " “could not perform the necessary task with sufficient performance. 🔺 42% blamed “poor output quality.” 🔺 38% cited lack of understanding about how to use the tools. 🔺 29% pointed to low vendor/tool quality and capabilities. Bain's survey coincides with a June report from Goldman Sachs that says AI investment has yielded little in the way of tangible results. But these findings don't square with what some legal industry experts are seeing. Read what they had to say at Law.com Thank you to Jason Winmill, Zach Abramowitz, Dr. Tanguy Chau, Eddie Nasser & Mary O'Carroll for sharing your thoughts.
AI Isn't Meeting Legal's Expectations, New Research Finds | Corporate Counsel
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