Posts Tagged ‘Legal’
How AI is impacting RegTech, and why it’s the future for firms
Regtech helps law firms and financial institutions stay abreast of these complex, evolving regulations. It can help reduce money laundering and be used to demonstrate compliance. Until recently, this technology can extract, process, and categorise open source information.
Read MoreHow legal firms can start billing clients quicker with AI-enabled taxi reports
When meeting new clients in the past, you might have looked them up in the back of a taxi or asked an associate to pull together a quick report. But there’s no such thing as a quick search these days.
Read MoreThe dangers of tick box compliance and remote training in legal firms
Tick box compliance is a term used to describe a checkbox-style approach to regulatory compliance. It involves simply checking off boxes to indicate that certain regulatory requirements have been met, without any real effort to understand or address the underlying issues.
Read MoreOur Resolve™ disambiguation engine, and how it works
When humans read multiple articles about an individual, we have a natural instinct to consider different aspects surrounding each mention of that person. It’s how we confirm whether they’re the person we’re interested in or not.
Read MoreEverything you need to know about risk assessment
This article explores the different risks law firms need to assess before onboarding new clients, and sets out why automated due diligence software can transform risk assessment from a drain on resources into a beneficial tool.
Read MoreThe challenges facing law firms in 2023, and how to solve them
Law firms have long needed to carefully look into the background of their clients in order to avoid potential legal or ethical non-compliance. This process, though demanding in terms of time and resources, is crucial to avoid conflicts, comply with regulations, and avoid inadvertently facilitating money laundering or supporting organised crime. As we enter 2023,…
Read MoreSeven reasons why you struggle to onboard legal clients easily — and how to solve them
Onboarding new clients is a laborious yet non-billable task for law firms. It involves learning as much as possible about a client, their motivations, connections and suitability in the smallest possible amount of time.
Read MoreHow automated litigation support is a game-changer for law firms
In a climate of growing workloads and stagnant budgets, automated litigation support is a game-changer for law firms and legal departments. The legal sector is notoriously cautious about digital transformation, but the legal teams that are using automated litigation support are gaining a huge competitive advantage over those that don’t.
Read MoreTech glossary: Xapien’s jargon buster
Every sector has its own unique language, full of buzzwords and acronyms. As a B2B (Business to Business) deep tech company that serves a diverse range of markets and industries, we’re having to learn new jargon all the time.
Read MoreHow intelligent software is transforming legal client intake
Automation and intelligent software have transformed almost every industry, from agriculture to banking to shipping. It is now transforming the legal sector, despite the industry’s reputation for caution towards change and innovation.
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