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We talked about Dr. Jacqueline Walsh’s Initio Tech and Innovation Clinic in a previous Information Inspiration segment. We were so inspired by her work that we asked her to come on the show and tell us more. The Initio clinic is set up just like a law firm. In fact, it is actually recognized by the Nova Scotia Barristers’ Society as a law firm. Dr. Walsh uses a combination of law students, articling clerks, and the local community to help create a great experience for her startup clients, and as a result an enjoyable and authentic experience for the students in the clinic. While the clinic isn’t self-sustaining, it does charge startups for legal services. This is another unique aspect of the clinic in that it offers ad hoc services or a subscription-based service to clients. The idea is to train startups to understand that legal costs are part of doing business and that if they are serious about their business, planning, and budgeting for legal expenses is another part of their business.
Bryan Parker and Jon Greenblatt from Legal Innovators have a new podcast called The Law in Black and White where they give their views on certain topics facing the legal industry from their own unique perspectives.
The Innovation Hub podcast discusses how COVID has impacted public schooling, and how innovative and creative parents are finding ways to work around those schools who are not adjusting fast enough to handle the needs of these parents and their children. It’s an interesting look at how adapting to change is happening on all sides, and those who are slow to adjust may have unforeseen competition.
We all know that the incentive for diversity within law firms can run counter to the profitability goals of the firm. Former BigLaw partner, Elizabeth Korchin thinks one way to align these incentives and goals is to blow up the billable hour. She thinks it can be done by 2030. Our fellow 3 Geeks’ blogger, Toby Brown, takes another angle on the incentives/goals approach and suggests that clients need to push firms to achieve more diverse teams, but that clients also need to put their money where their mouths are and make sure that they pay appropriately for these diverse teams.
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One of the best things about the legal industry is that there are multiple pathways to success. We are all trained issue spotters, and our guest on this episode identified an issue and founded a new company to fix that issue. Brian Powers is the CEO and co-founder of PactSafe, a high-velocity contract acceptance platform used by such major companies like Angie’s List, UpWork, BMC, TIVO, and others to handle large volumes of clickthrough agreements. We talk with Brian about what motivated him to take on this challenge, and how he sought out to change the way businesses approach these types of contacts, and bring efficiency to the market place, and the legal industry through technology and process improvements. Brian is just one more example of those in the legal field who has found an alternative path through identifying inefficiencies, and finding ways to correct them.
Hat tip to Kristin Hodgins for her tweet this week when she saw that someone said that if law firms are going to us AI, we need ways to collect structured data. Hodgins tweet reply was spot on when she said “Guess who are experts at structured data? Librarians. Google didn’t destroy us; it help us by reducing low-value work like rote retrieval from our duties & allowed us to focus on high-order skills. AI will do the same.” Well said!
We’re doing AI Wrong
Zach Warren interviewed Brad Blickstein in a law.com article this week about how law firms are looking at AI the wrong way. When it comes to AI and law firms, Blickstein says that “[AI has] become a top-down thing: What are we doing about AI? It’s like asking, what are we doing about databases? It’s a crazy question. The question should be, what problems do we have, how do we solve them, and is AI or some semblance of AI a potential solution for that?” Brad’s company, Blickstein Group, is producing a Legal AI Efficacy report that is due out this summer.
Continue Reading Brian Powers on the Entrepreneur Lawyer