The Draft Agenda for the 2017 Fin (Legal) Tech Conference is Now Live –One Stage, No Panels, 20+ Speakers in 1 Day with More Speakers to Be Announced Soon. Sign up for a FREE Ticket Today — See you on October 19, 2017 in Chicago!
The Law Lab at Illinois Tech – Chicago-Kent College of Law presents its second Fin(Legal)Tech Conference on October 19, 2017. Continuing its legacy as an academic leader in legal technology and innovation, Chicago-Kent will bring together a wide-ranging group of industry leaders for a truly unique conference experience. Attendance is FREE but registration is required! Sign up for a FREE Ticket Today.
Thanks to Chapman and Cutler for helping sponsor the event!
On August 1, we released Contrax Suite (an open source document analytics platform). It is important to note that we have decided upon dual licensing – (1) open source (AGPL) which is pretty hard core copyleft and (2) a more permissive license in specific circumstances. The key for us is to maintain the opensource ecosystem which requires balancing competing interests. We cannot grant the more permissive license to everyone under all conditions or it undermines the entire effort.
That said, we have a real problems in the A.I. + Law community. Some of the claims are outlandish and the business model (at its core) does not really make sense. We think that opensource helps solve for some (perhaps not all) of the adoption issues.
Live on Github – the LexPredict Team has open-sourced ContraxSuite 1.0, fundamentally altering the economics of the contract and legal document analytics space – now you can perpetually own a solution with a $0 license and $0 per document fees. But we’re just getting started. Stay tuned over the next few weeks as we release even more documentation and developer examples on Github.
We are excited to announce the addition of Andrew Baker and Karl Haraldsson to the LexPredict Team. Andrew and Karl will advise LexPredict’s new and existing clients, including Fortune 500 companies and Am Law 200 firms, on strategy, service delivery modernization, data strategy and analytics, and process improvement.
From the release: “At their core, many academic and commercial applications of natural language processing and machine learning can benefit from a controlled lexicon of expert-selected terms (i.e., a dictionary). This is especially true of highly technical language, such as legal text. However, after a search of the existing landscape, we were unable to find a high-quality open source or freely-available legal dictionary. Instead, the best existing versions, when available, exist under some form of restrictive licensing conditions.”
“Thus, in furtherance of both the legal profession as well as a range of legal technology providers and solutions, we are announcing another step in our broader open source plan that we outlined earlier this month. Namely, we are making available on Github the 1910 Version of Black’s Law (i.e., Black’s Law 2nd Edition) as a structured data object. This early version of arguably the premier legal dictionary is made available under the open source GPL license 3.0 which should allow both researchers and commercial providers to operate with limited restrictions.”
From the article – “We are increasingly thinking that there’s room in legal tech for a Red Hat in legal — companies that really focus on development of software by providing wraparound services, but offer their software open source,” Michael J Bommarito II said.
Our paper is now live in the Journal of Statistical Physics.