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5 Things Everyone Should Know About Machine Learning And AI

5 Things Everyone Should Know About Machine Learning And AI | LegalKM | Scoop.it
By Bernard Marr, LinkedIn, Oct 16, 2016 - "Because machine learning is such a promising leap forward in technological ability, it has the very real potential to affect every person in every field of business in the near future."
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FT Innovative Lawyers Award: Riverview wins innovation in technology and data analytics | Legal IT Insider

FT Innovative Lawyers Award: Riverview wins innovation in technology and data analytics | Legal IT Insider | LegalKM | Scoop.it
In a night that was otherwise a celebration of the dramatic progress and technological innovation within BigLaw, Riverview Law last night (5 October) won the FT Innovative Lawyers award for innovation in technology and data analytics.
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How the ‘new normal’ is a genuine threat to Big Law

How the ‘new normal’ is a genuine threat to Big Law | LegalKM | Scoop.it

By Shaun Temby, LinkedIn, May 25, 2016 - "For decades the ‘Big Law’ model has allowed partners of commercial law firms to generate significant profits and a generous standard of living.  However, the combination of a shrinking market for legal service, increased competition and demands that law firms do more for less has created a ‘perfect storm’ that may just spell the end of the Big Law model as we currently know it.

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Alternative Fee Arrangements: Comprehensive Law Firm Guide

Alternative Fee Arrangements: Comprehensive Law Firm Guide | LegalKM | Scoop.it
Our goal with this comprehensive article is to explain exactly what AFAs are, and what AFAs are not. Also, we will give an overview of the main types used, as well as the examples of law firms that have successfully implemented AFAs in practice.
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Law Firm Billing Survey: Collections Conversations Leave Lawyers Uncomfortable

Law Firm Billing Survey:  Collections Conversations Leave Lawyers Uncomfortable | LegalKM | Scoop.it

"For most law firms, past due client accounts are a fact of business.  A new LexisNexis survey of 309 U.S.-based law firms found that more than 73% experience past due accounts."

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The 7 Myths of AI

The 7 Myths of AI | LegalKM | Scoop.it

By Robin Bordoli, Data Science Central, Sep 29, 2016

"First, is the business potential of AI real or not?

Second, how does AI apply to my business?

The answer to the first question is that the business potential of AI is real. Today businesses can start to apply AI to change the economics of automating business processes requiring human intelligence.

The answer to the second question will take longer. First, we have to dispel myths about AI that have been propagated by the mainstream media. Once we have dispelled those myths, then we will have a framework for you to understand how to effectively apply AI to your business processes."

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China has now eclipsed us in AI research

China has now eclipsed us in AI research | LegalKM | Scoop.it
China pulls ahead in the race for more basic R&D on AI, in two charts.
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Why Law Firm Referral Networks Fall Short

Why Law Firm Referral Networks Fall Short | LegalKM | Scoop.it

"The lawyer referral networks that exist today have been built for the benefit of the network members, not the network users. Law firms participate because they believe the network will increase their exposure to clients and, ultimately, client revenue. [...] As a client, however, that is not the network you want. As a client, you want a network structure that delivers value to you, and that means a structure that is aligned around your goals. Unless your goals include spending money on inefficient structures, modern referral networks are not likely to align with goals such as increasing efficiency, cost, and timeliness."

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Walking with the new legal giants - Riverview Law

Walking with the new legal giants - Riverview Law | LegalKM | Scoop.it

By Karl Chapman, Chief Executive, Riverview Law, May 5, 2015 - Reflections on the CodeX FutureLaw Conference 2015, Stanford Law School

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