Workshop on Natural Legal Language Processing (NLLP) at North American Association of Computational Linguistics Conference

The First Workshop on Natural Legal Language Processing (NLLP) will take place as part of the larger North American Association of Computational Linguistics Conference in Minneapolis June 2019.  NAACL is one of the  premier technical events in the field of NLP / Computational Linguistics.  Thus, I am very happy to give one of the Keynotes at this workshop.  It is one more step toward making Legal Informatics and Legal AI / NLP a mainstream idea within the technically oriented portion of the academy. 

I plan to highlight both my work with Mike Bommarito and others as well as provide an overview of the state of the field from both a technical and commercial perspective.  

Law Firm DWF Raises £95m in First-Ever Main Market Legal Listing (via City AM)

So I think this is one of the more interesting developments worthy of consideration.   The 21st Largest UK Law firm DWF went public last week on the mainboard of the London Stock Exchange.

Here is the rough numbers as of the go public date —
2018 Revenue of £236m and a go public valuation of £366m = ~1.6x times Revenue.

I view this as being about the right multiple here (particularly given the fact that expensive labor is such a large part of the equation).

To my knowledge,  they do not have serious software or AI offerings with which the can boost the revenue multiple … (product/software biz gets like 3x – 7x+ Rev).

One question is whether they can use the new money to build products and then press for a higher multiple downstream?    Everyone is trying to nail the {product, service} bundle … perhaps a £95m cash infusion will help ?

Teaching in the Legal Tech Masters Program at IE Law School

This week I am teaching at IE Law School here in Madrid -The Masters in LegalTech program features students from across the globe interested in how to use tech to #MakeLawBetter…. 

It is worth noting that the The Spanish Market has grown significantly since I was here first in 2015 (when there were barely 10-20 LegalTech companies to be found — now there are 122 Legal Tech startups in Spain alone as of Feb 2019) … see this company map !   

The Three Forms of Legal Prediction – Experts, Crowds & Algorithms (Online Seminar with IE Law School)

Legal Technology and Innovation is global and I am proud to have the chance to teach in the LegalTech Masters Program at IE Law School in Madrid. This week, I will offer an online kickoff seminar on topics related to the program (sign up using the link) I look forward to meeting all of the students in the program next month in Madrid.

#PredictiveAnalytics #LegalInnovation #LegalAI#LegalData
#MachineLearning #LegalTech#LegalTechnology #LegalScience

Now Accepting Applications for the Legal Technology and Operations Summer School – July 1 – 19 at Bucerius Law School in Hamburg

Now accepting applications for the Legal Technology and Operations Summer School – July 1 – 19 at Bucerius Law School in Hamburg, Germany. This program is open to both law students as well as legal professionals looking to learn more about how to bring both technology and operations discipline to the legal industry. I am happy to help direct this program with Dirk Hartung and look forward to 2019 Edition of the Summer School.   #LegalTech#LegalInnovation #LegalOperations

Elevate Acquires LexPredict, Expanding Capabilities in Artificial Intelligence and Data Science

The LexPredict Team is excited to announce that our company has been acquired by Elevate. We believe that joining forces with Elevate is the most effective way to bring enterprise solutions to market more quickly, by combining the artificial intelligence, data science and data engineering capabilities of LexPredict with the award winning legal services of Elevate. Once again our team is very excited !

See the Press Release here 
Detailed Coverage in Artificial Lawyer

Additional Coverage on
Additional Coverage in the ABA Journal
Additional Coverage in LegalIT Insider

Legal Innovation and Technology Event in Budapest


#LegalTech and #LegalInnovation is Global – It was my great pleasure to speak last night at a Legal Innovation and Technology event in Budapest. It was a full venue with ~150 people in attendance. The Legal Tech and Innovation community in Hungary is small but gaining strength!  Given its historic strengths in STEM – I expect efforts in this region to grow over the coming years.