Legal technology (LegalTech) stories - Page 5

AI boosts efficiency in professional services, but human expertise and trust remain crucial, driving a new value and pricing model in law and finance.

Harvey has opened its first Asia-Pacific office in Sydney to expand AI legal services and hire 15 staff, boosting support for Australian law firms.

Australian law firms like Hicksons Lawyers are boosting cloud security with advanced tech amid rising cyberattacks targeting sensitive client data globally.

Adobe unveils Acrobat Studio, merging PDF tools, creative content, and AI to enhance productivity and collaboration for work and personal projects.

Archive360 and Neev Data have partnered to create a unified, AI-ready platform for SAP and ERP data compliance, streamlining governance across enterprise systems.

DocuSign launches AI-powered contract management to tackle AUD $3 trillion yearly losses from inefficient agreement workflows globally.

Litera invests in Postilize to launch AI-driven tools that help law firms proactively manage client relationships and uncover new business opportunities.

Litera enhances its Foundation Platform with AI tools, integrating firm intelligence into Outlook and Word to boost law firms' productivity and growth.

NetDocuments launches AI-powered features in its cloud DMS for legal teams, enhancing document editing, metadata profiling, and workflow automation within Microsoft Word.

Litera upgrades its AI platform Litera One with new features and deeper CRM links, enhancing legal workflow and boosting productivity for over 2,500 law firms.

Litera has integrated generative AI into its Kira platform, enhancing contract review and due diligence for legal teams with faster, multilingual analysis.

Compliance leaders must prove AI outputs are reliable, using validation and human checks to avoid costly regulatory errors in complex legal tasks.

McInnes Wilson modernises its practice management with a cloud-first system using Actionstep, Elite 3E, and NetDocuments, boosting scalability and client service.

Private Large Language Models offer businesses secure AI tools that boost productivity and safeguard data, transforming workflows without costly system changes.

Litera launches Lito, an AI legal agent in Litera One, streamlining workflows and swiftly accessing firm resources to aid legal professionals.

AI is sparking innovation and concern across sectors worldwide as firms race to harness its power while addressing risks and workforce anxieties.

AI Appreciation Day highlights the need for ethical, human-centred innovation as AI transforms industries like law and cybersecurity with fresh challenges.

Rushing with AI in compliance risks hefty fines or job losses, as speed without precision fails regulators and demands solid human oversight.

OpenText launches MyAviator, a secure personal AI assistant designed to enhance productivity and streamline workflows for digital knowledge workers.

Inefficient contract management costs the global economy AUD $3.13 trillion annually, hindering productivity despite advances in digital tools and AI adoption.