In today’s rapidly evolving technological landscape, artificial intelligence (AI) plays a pivotal role across industries, transforming workflows and enhancing productivity. Among the many skills emerging in this AI-driven era, prompt engineering stands out as a vital tool for mastering interactions with AI models, especially large language models (LLMs). Prompt engineering refers to the practice of […]
I. Introduction In today’s fast-paced legal landscape, staying ahead requires more than just expertise in the law—it demands the seamless integration of technology to enhance efficiency and collaboration. Microsoft 365, with its suite of cloud-based tools, is increasingly becoming the backbone of modern law firms. Offering a range of applications tailored to improve productivity, streamline communication, […]
I. Introduction As the digital world evolves swiftly, the legal sector is increasingly turning to technology to streamline operations and improve service delivery. A standout among these technological advances is ChatGPT, an advanced language model developed by OpenAI. This tool is redefining how legal professionals manage their workloads by automating routine tasks and offering intelligent assistance. […]
LexRatio interviewed Ignaz Fuesgen (Co-Managing Director) and Ines Polak (Legal Transformation Specialist) from smartvokat. smartvokat is an independent legal engineering and technology firm headquartered in Hilden/Duesseldorf.
When discussing about Legal Technology, or shortly just LegalTech, we may quickly get uncomfortable, since one might have in mind the law to which certain technology applies to (e.g. fintech, regtech, e-discovery, competition law etc.), while on the other hand, some define Legal Technology from the other perspective, in particular how particular technology is applied to the […]
During the pandemic we have seen many incentives and new legal tech solutions in legal market, especially as the legal industry scrambled to accommodate remote workflows during the pandemic. What is more, in 2021, the LegalTech market generated revenues of 18.43 billion U.S. dollars worldwide, with the market forecast to grow at a compound annual growth rate (CAGR) of […]
The legal industry has not fully embrace the potential of legal data. Legal data represents various data included in different sources of law, from legal theory data to data generated through legal practice. Legal documents, legal knowledge base, spreadsheets, billing systems, policies, emails and external data sources such as case law and legislation are stored […]
For an average person, decoding the law can be very challenging. What is more and legal experts will (surely) agree, is that law can be sometimes hard to understand even among lawyers. In this hyper-regulated world with uncountable number of legal rules, explaining the law has sometimes became mission impossible. If we add unstructured legal […]
Today’s users are becoming more and more demanding when talking about delivery of wide range of services. The Internet and Mobile technologies result in radical transformation of connecting demand and supply with the support of the technology and data analytics. Sharing economy model’s ultimate goal is to connect customers to service providers in innovative ways. […]
In general, automation represents different more or less advanced technological solutions to reduce human assistance for particular task or process (e.g. turning off the lights automatically when leaving an apartment). Similarly, legal automation is the usage of LegalTech software solutions to automate and execute tasks that are frequently performed manually by lawyers. On a more advanced level is the […]
