03/29/24: Neil Gorsuch's research, first legal LLM built from lawfully obtained data, and more
Apr 8, 2024
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Neil Gorsuch confidently declared that he did the research on legal tech topics in a recent podcast episode. Other interesting discussions include the development of a unique legal language model, challenges of generative AI in legal citations, legal research failures, EU regulations on big tech, and innovations in law firms.
EU plans to enforce tech firms to secure EU elections by moderating content and imposing fines for non-compliance
Law firms' focus on short-term profits and internal competition hinders long-term planning and investment in research and development
Transitioning legal services online improves accessibility, reduces in-person workload, and allows staff to focus on critical legal needs
Deep dives
EU to Order Big Tech Firms to Ensure Secure Elections
The EU is planning to compel big tech firms like Facebook, YouTube, and TikTok to help ensure secure European Parliament elections in June. This move includes stricter moderation of content, warnings about deep fakes or misinformation, and hefty fines up to 10% of global revenue for non-compliance.
A Need for Long-Term Thinking in Law Firms
Law firms' focus on short-term profits driven by origination credit and percentage-based compensation often leads to an adversarial atmosphere among partners. This short-term view and internal competition for profits hinder long-term planning and hinder investment in research and development.
Challenges with Law Firm Partnerships
Law firm partners' focus on personal profits and internal competition for origination credit and percentage-based compensation can lead to an environment of backstabbing and short-term thinking. With partners vying for higher shares of profits, collaborative decision-making becomes challenging, impacting the firm's growth and long-term sustainability.
EU Invests in Online Legal Clinics for Enhanced Access to Justice
A legal services organization in Los Angeles has transitioned its in-person law clinics to online platforms with the help of tech companies like Theorem and Principal. This shift has reduced caseload at in-person sites, offered improved accessibility for individuals facing legal challenges, and freed up staff time to address other critical legal service needs.
Breakdown of Compensation Practices in Law Firms
The compensation structure in law firms, driven by origination credit and percentage-based profits, often fosters competition and conflicts among partners. Subjective determinations by compensation committees can lead to favoritism and subjective judgments, impacting partner relationships and firm culture.