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Law Technology Daily Digest
Wednesday, July 10, 2024 - Volume 21 No. 897
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Too Much $$, Too Little Benefit?
I haven't gotten through all 31-pages of this paper, but the title summarizes my experiences to date on many of the AI options out there for legal. Pricey, enterprise-licenced "solutions" with limited ways to experiment and calculate the impact and value abound. "Tech giants and beyond are set to spend over $1tn on AI capex in coming years, with so far little to show for it. So, will this large spend ever pay off? MIT's Daron Acemoglu and GS' Jim Covello are skeptical, with Acemoglu seeing only limited US economic upside from AI over the next decade and Covello arguing that the technology isn't designed to solve the complex problems that would justify the costs, which may not decline as many expect." What is legal spending and what significant is there to show? With a hat tip to Shift*Base, download this PDF and read more at Goldman Sachs: GEN AI: Too Much Spend, Too Little Benefit?
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How much is too much?
Joe Patrice asks a very depressing question in his post today. It's based on the Goldman Sachs report I just highlighted above. Joe writes, "No one is dumb enough to spend a hundred billion dollars to improve incrementally." He goes on, "If the bottom falls out of GenAI development, then that's not great for legal. But assuming it trundles along just getting marginally better at what it does already, that's probably still a good deal for legal." But I guess I have to ask, "How much IS legal already spending for minor and incremental improvements?" And how much is too much for marginally better, for incremental improvements? Read more at ABOVE THE LAW: Generative AI... What If This Is As Good As It Gets?
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AI is a broken wand
I think Niusha Shafiabady has been reading some of the feeds from legal when she writes, "For some, AI feels like a magic wand that predicts the future." But realists note that AI has some problems. Niusha expands on these issues:
Trouble in the real world
Bias in the training data
Being out of date
When the data isn't right
Niusha closes with this truth, "As (future) users of AI and technology, it is important for all of us to be aware of these issues to broaden our perspective on AI and its prediction outcomes concerning different aspects of our lives." Read more at REAL KM: AI is not a magic wand - it has built-in problems that are difficult to fix and can be dangerous
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 Jeffrey Brandt, Editor
Connect with me on LinkedIn Jeffrey Brandt
Follow me on Twitter @jeffrey_brandt
Follow all the PinHawk highlights @PinHawkHappens
Website: PinHawk.com
Affiliations:
ILTA Strategic Partner Liaisons - NetDocuments
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Security News
- Diversifying cyber teams to tackle complex threats Help Net Security, July 10, 2024
- How companies increase risk exposure with rushed LLM deployments Help Net Security, July 10, 2024
- BunkerWeb: Open-source Web Application Firewall (WAF) Help Net Security, July 10, 2024
- Cybersecurity jobs available right now: July 10, 2024 Help Net Security, July 10, 2024
- 73% of security pros use unauthorized SaaS applications Help Net Security, July 10, 2024
- Strategies for achieving least privilege at scale – Part 2 AWS Security Blog, July 10, 2024
- Strategies for achieving least privilege at scale – Part 1 AWS Security Blog, July 10, 2024
- Top four ways to improve your Security Hub security score AWS Security Blog, July 10, 2024
- 5 common Ticketmaster scams: How fraudsters steal the show WeLiveSecurity, July 10, 2024
- US disrupts AI-powered bot farm pushing Russian propaganda on X Bleeping Computer, July 9, 2024
- New Blast-RADIUS attack bypasses widely-used RADIUS authentication Bleeping Computer, July 9, 2024
- Fujitsu confirms customer data exposed in March cyberattack Bleeping Computer, July 9, 2024
- Windows 10 KB5040427 update released with Copilot changes, 12 other fixes Bleeping Computer, July 9, 2024
- Microsoft July 2024 Patch Tuesday fixes 142 flaws, 4 zero-days Bleeping Computer, July 9, 2024
- Windows 11 KB5040442 update released with 31 fixes, changes Bleeping Computer, July 9, 2024
- Hackers target WordPress calendar plugin used by 150,000 sites Bleeping Computer, July 9, 2024
- Microsoft fixes two zero-days exploited by attackers (CVE-2024-38080, CVE-2024-38112) Help Net Security, July 9, 2024
- Microsoft Patch Tuesday, July 2024 Edition Krebs on Security, July 9, 2024
- New Phishing Platform Targets Microsoft 365 Accounts at Financial Firms KnowBe4, July 9, 2024
- Amazon-Related Scams Spike Ahead of Prime Day KnowBe4, July 9, 2024
- Reverse-Engineering Ticketmaster’s Barcode System Schneier on Security, July 9, 2024
- Developing and prioritizing a detection engineering backlog based on MITRE ATT&CK Secure List, July 9, 2024
- City of Philadelphia says over 35,000 hit in May 2023 breach Bleeping Computer, July 9, 2024
- Chinese APT40 hackers hijack SOHO routers to launch attacks Bleeping Computer, July 9, 2024
- Evolve Bank says data breach impacts 7.6 million Americans Bleeping Computer, July 9, 2024
- Optiv MDR accelerates threat detection and response Help Net Security, July 9, 2024
- AttackIQ Mission Control simplifies security testing for distributed teams Help Net Security, July 9, 2024
- Skillsoft partners with Microsoft to develop GenAI skilling program Help Net Security, July 9, 2024
- GuardZoo spyware used by Houthis to target military personnel Help Net Security, July 9, 2024
- Critical vulnerability in the RADIUS protocol leaves networking equipment open to attack Help Net Security, July 9, 2024
- Chinese APT40 group swifly leverages public PoC exploits Help Net Security, July 9, 2024
- Stellar Cyber Open XDR platform now supports BYODL Help Net Security, July 9, 2024
- CyberheistNews Vol 14 #28 [Urgent Alert] 5 Critical Steps to Shield Your Teens from Rising Sextortion KnowBe4, July 9, 2024
- Phishing Attacks Target High Profile YouTube Accounts KnowBe4, July 9, 2024
- The Importance of Security Culture: When Telecom Giants Resort to Malware KnowBe4, July 9, 2024
- Travelers Beware: Booking.com Warns of Increases in AI-Enabled Travel Scams KnowBe4, July 9, 2024
- [Live Demo] Ridiculously Easy Security Awareness Training and Phishing KnowBe4, July 9, 2024
- Fortinet Wins Prestigious 2024 Red Dot Product Design Award Fortinet Blog, July 9, 2024
- Nine IT Experts Weigh in On Managed File Transfer (MFT) Information Security Buzz, July 9, 2024
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News and Blogs
- BRB Risk Jobs Board — Information Governance Manager (Seyfarth) Bressler Risk Blog, July 9, 2024
Vendor Announcements
- Getting Started Using AI in Cybersecurity New Era Technology Blog, July 9, 2024
Corporate Legal Focus
- Spring 2024 Reg Flex Agenda: See You After the Election! CorporateCounsel.net Blog, July 9, 2024
- Beneficial Ownership: More Staff Comments on 13D & 13G Filings on the Way? CorporateCounsel.net Blog, July 9, 2024
- Activism: “Campaign GM” CorporateCounsel.net Blog, July 9, 2024
- Boeing Agrees to Felony Plea, as CLO Brett Gerry Strives to Contain 737 Max Crisis Inside Counsel, July 9, 2024
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PRACTICE SUPPORT / E-DISCOVERY
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News and Blogs
- Digital Forensics Expert Joins Cimplifi as Director of Investigations EDiscovery Today, July 9, 2024
- How One Elder Law Attorney Bridges The Generation Gap Above the Law - Legal Technology, July 9, 2024
- In A First For Law Practice Management Platforms, Clio Rolls Out An Integrated E-Filing Service In Texas Above the Law - Legal Technology, July 9, 2024
- State Data Breach Notification Laws Peter Vogel: Internet, Info Tech, eDiscovery Blog, July 9, 2024
- Coinbase Battles SEC Over Access to Gary Gensler’s Private Communications Complex Discovery, July 9, 2024
- No more chasing paper trails – capture all your financial fax with digital precision OpenText Blogs, July 9, 2024
- Part Two of Strategic Tips for Modern eDiscovery: eDiscovery Webinars EDiscovery Today, July 9, 2024
- KLDiscovery Enters into Agreements to Reinforce Long-Term Financial Foundation EDiscovery Today, July 9, 2024
- Streamlining Data Collection in Modern eDiscovery EDiscovery Daily, July 9, 2024
- The Specificity Funnel: From Ambition to Action Attorney at Work, July 9, 2024
- Celebrating Difference with Lynn Tubalinal and Stellar Women The Relativity Blog, July 9, 2024
Vendor Announcements
- The Law Society Gazette: The search for common standards Relativity, July 9, 2024
- Legaltech News: RAG Is Far From Magic and Prone to Hallucinations Relativity, July 9, 2024
- Chicago Inno: Tech on Fire Relativity, July 9, 2024
- Artificial Lawyer: Relativity's New GenAI eDiscovery Tool 'aiR For Review' Rolls Out Q3 Relativity, July 9, 2024
- Press Release: Relativity Announces General Availability Date for its Generative AI-Powered Review Solution at Relativity Fest London Relativity, July 9, 2024
- IFLR: How corporate risk and demand impact legal operations priorities Relativity, July 9, 2024
- ReadySuite 8.1 Released Compiled Services, July 9, 2024
- Iota Analytics Selects iCONECT as Incident Response Review Software Provider iConect, July 9, 2024
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KNOWLEDGE MANAGEMENT / LEAN / ARTIFICIAL INTELLIGENCE / MACHINE LEARNING
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News and Blogs
- How to preserve the fading Chinese New Year spirit through knowledge management RealKM, July 9, 2024
- Update #2 of RealKM-KM4Dev-K4DP knowledge management & SDGs campaign (9 July 2024) RealKM, July 9, 2024
- We misjudge how others will respond to secrets RealKM, July 9, 2024
- AI is not a magic wand – it has built-in problems that are difficult to fix and can be dangerous RealKM, July 9, 2024
- Because You Need to Know – Leif Edvinsson RealKM, July 9, 2024
- Worrying About Sycophantism: Why I again tweaked the custom GPT ‘Panel of AI Experts for Lawyers’ to add more barriers against sycophantism and bias e-Discovery Team, July 9, 2024
- GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT? Post Shift Blog, July 9, 2024
- Pop Culture Post Shift Blog, July 9, 2024
- My Shingo Webinar Recording on Learning from Mistakes and More Lean Blog, July 9, 2024
- "Future of Professionals Report" shows rising power of GenAI to impact work - Thomson Reuters Institute Legal Resource Center: Thomson Reuters, July 10, 2024
- The AI Advantage: Revolutionizing Company Culture for Unmatched Business Success - SPONSOR CONTENT FROM WORKHUMAN Harvard Business Review, July 9, 2024
- Building AI-enabled services McKinsey Insights & Publications, July 9, 2024
- Generative AI… What If This Is As Good As It Gets? Above the Law - Legal Technology, July 9, 2024
- Worrying About Sycophantism: Why I again tweaked the custom GPT ‘Panel of AI Experts for Lawyers’ to add more barriers against sycophantism and bias e-Discovery Team, July 9, 2024
- Rise Above Redlines: How AI Is Setting A New Benchmark For Contracting [Sponsored] Above the Law - Legal Technology, July 9, 2024
- Navigating AI Regulation, Exits, and Boardroom Challenges Peter Vogel: Internet, Info Tech, eDiscovery Blog, July 9, 2024
- California Dreamin’: Will SB-1047 Curb AI Innovation? Peter Vogel: Internet, Info Tech, eDiscovery Blog, July 9, 2024
- Defeated by A.I., a Legend in the Board Game Go Warns: Get Ready for What’s Next New York Times: Technology, July 10, 2024
Vendor Announcements
- Attacks on Federal Agencies Continue in Supreme Court Petitions Blog of Legal Times, July 9, 2024
- FTC Bans Popular Messaging App From Signing Up Kids, Says It Bullied Them Blog of Legal Times, July 9, 2024
- NYU Settles Antisemitism Suit, as Kasowitz Pushes Other Universities to 'Follow Their Lead' Blog of Legal Times, July 9, 2024
- Court Tosses Judge Newman's Constitutional Challenge to Judicial Misconduct Law Blog of Legal Times, July 9, 2024
- Interview with Lesley Farmer about SLA’s Information Outlook Lucidea, July 9, 2024
- No more chasing paper trails – capture all your financial fax with digital precision Open Text: Press Releases, July 9, 2024
- Senate Confirms Nancy Maldonado as First Hispanic Judge to Serve on 7th Circuit Blog of Legal Times, July 9, 2024
- In Latest DC Hiring, Akin, Goodwin, Milbank and Ogletree Recruit Partners Blog of Legal Times, July 9, 2024
- Text Mining Frees Customer Insights Trapped in Unstructured Content Open Text: Press Releases, July 9, 2024
- Series intro – The rise of the threat hunter Open Text: Press Releases, July 9, 2024
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LEADERSHIP / PROFESSIONAL DEVELOPMENT
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News and Blogs
- Mastering Emotional Agility: Transform Destructive Emotions into Leadership Advantage Leadership Freak, July 9, 2024
- Post-Vacation Blues? Here’s How to Cope. Harvard Business Review, July 9, 2024
- Why We Should Pay More Attention to Departing CEOs Harvard Business Review, July 9, 2024
- Creating Stability Is Just as Important as Managing Change Harvard Business Review, July 9, 2024
Vendor Announcements
- Start Small Joseph Lalonde, July 10, 2024
- Hate Confrontation: 5 Effective Tips For Leading A Conflict Successfully Lolly Daskal, July 10, 2024
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BUSINESS DEVELOPMENT / MARKETING
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News and Blogs
- After 35 Years, Now What’s Next for Law Firms? Law Vision Insights Blog, July 9, 2024
- 7 journalism statistics from a survey of 3,000 reporters to improve PR performance Sword and the Script, July 9, 2024
- What Does a Fractional CMO Do for Your Law Firm or Healthcare Practice? Law Firm and Attorney SEO and Internet Marketing, July 9, 2024
- A Law Firm Checklist For Successful Client Portals [Sponsored] Above the Law - Legal Technology, July 9, 2024
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News and Blogs
- Non-Fungible Tokens (NFTs) and Brand Building Harvard Business Review, July 9, 2024
Vendor Announcements
- Business license requirements for remote employees ELM Solutions: Expert Insights, July 9, 2024
- How to start a car sharing business ELM Solutions: Expert Insights, July 9, 2024
- Whitepaper: Innovations for legal operations efficiencies in the energy industry ELM Solutions: Expert Insights, July 9, 2024
- 5 Things to Know About Clio File Clio Blog, July 9, 2024
- How Artificial Intelligence is a game-changer for the Office of the CFO ELM Solutions: Expert Insights, July 9, 2024
- 2024 Dresner Wisdom of Crowds® Enterprise Performance Management (EPM) Market Study ELM Solutions: Expert Insights, July 9, 2024
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News and Blogs
- What to expect from Samsung Unpacked July 2024 and how to watch today's livestream ZDNet: Beyond IT Failure, July 10, 2024
- The Biglaw Firms Where Lawyers Did The Most Pro Bono Work (2023) Above The Law - ILTA on ATL, July 10, 2024
- Boutique Firm Invests In Law Students And Veterans Above The Law - ILTA on ATL, July 10, 2024
- LawNext Podcast: How Clearbrief Helps Lawyers Find the Best Facts to Support their Writing, with Founder Jacqueline Schafer Robert Ambrogi's LawSites, July 9, 2024
- Just-Launched Quench Uses Gen AI to Bring Greater Speed and Accuracy to Medico-Legal Records Review Robert Ambrogi's LawSites, July 9, 2024
- In A First for Law Practice Management Platforms, Clio Rolls Out An Integrated E-Filing Service in Texas Robert Ambrogi's LawSites, July 9, 2024
- IP Law: Black Mirror Perspectives: Ethical Questions Arising from Technology, Innovation, and Social Media (State Bar of Texas Annual Meeting 2024) - Legal Talk Network (Legal Technology), July 9, 2024
- Best Practices for International Subsidiary Management Reinventing Professional Services, July 9, 2024
- Linklaters points to US revenue growth as turnover climbs 10% to hit £2.1bn Global Legal Post: Big Stories, July 9, 2024
- Latham, S&C among raft of firms guiding Paramount’s $28bn Skydance merger Global Legal Post: Big Stories, July 9, 2024
- The best tablets of 2024: Expert tested and reviewed ZDNet: Beyond IT Failure, July 9, 2024
- The 10 best early Prime Day 2024 kitchen appliance deals ZDNet: Beyond IT Failure, July 9, 2024
- The 20 best early Prime Day 2024 phone deals ZDNet: Beyond IT Failure, July 9, 2024
- Last chance to save up to $1,500 on new Samsung Galaxy Z Fold 6 and Z Flip 6 phones - here's how ZDNet: Beyond IT Failure, July 9, 2024
- Buy a 5-year subscription to AdGuard VPN for $35 ZDNet: Beyond IT Failure, July 9, 2024
- Samsung Galaxy Ring: Features, price, launch date, and everything else we know ZDNet: Beyond IT Failure, July 9, 2024
- Join BJ's Wholesale Club for $20 right now, down from $55 ZDNet: Beyond IT Failure, July 9, 2024
- Testers unearth touchscreen UI in tvOS beta, signs point to a touchscreen HomePod Ars Technica, July 9, 2024
- Why every quantum computer will need a powerful classical computer Ars Technica, July 9, 2024
- New Blast-RADIUS attack breaks 30-year-old protocol used in networks everywhere Ars Technica, July 9, 2024
- Samsung’s abandoned NX cameras can be brought online with a $20 LTE stick Ars Technica, July 9, 2024
- Beyond the Billable Hour: Rethinking Partner Evaluation to Enhance Long-Term Financial Health TechLaw Crossroads, July 9, 2024
- Citrix Workspace app for Windows Security Bulletin CVE-2024-6286 Kraft Kennedy Technology Blog, July 9, 2024
- Windows Virtual Delivery Agent for CVAD and Citrix DaaS Security Bulletin CVE-2024-6151 Kraft Kennedy Technology Blog, July 9, 2024
- NetScaler ADC and NetScaler Gateway Security Bulletin for CVE-2024-5491 and CVE-2024-5492 Kraft Kennedy Technology Blog, July 9, 2024
- Determination Committees Deciding on Credit Event Decisions Should Bolster Independence Disrupt Legal, July 9, 2024
- Unified Patent court invalidates Dexcom diabetes patent Global Legal Post: Big Stories, July 9, 2024
- UK Prime Minister Keir Starmer names Matrix Chambers barrister as attorney general Global Legal Post: Big Stories, July 9, 2024
- Marketing X Generative AI: are GenAI ads protectable? Global Legal Post: Big Stories, July 9, 2024
- How to save money on groceries with Amazon Prime ZDNet: Beyond IT Failure, July 9, 2024
- I put the free version of Perplexity.ai through my coding tests - here's what happened ZDNet: Beyond IT Failure, July 9, 2024
- Learn a new language with a discounted Babbel subscription ZDNet: Beyond IT Failure, July 9, 2024
- The 25 best early Amazon Prime Day 2024 deals ZDNet: Beyond IT Failure, July 9, 2024
- Buy a Windows 11 Pro license for $23 - an all-time low price ZDNet: Beyond IT Failure, July 9, 2024
- The 5 best early Prime Day 2024 security camera deals ZDNet: Beyond IT Failure, July 9, 2024
- Buy the MacBook Air M1 for just $649 - the lowest price we've seen ZDNet: Beyond IT Failure, July 9, 2024
- The best smart rings of 2024: Expert tested and reviewed ZDNet: Beyond IT Failure, July 9, 2024
- Meta unveils a $25-per-month, interest-free Quest 3 payment plan. Is this deal worth it? ZDNet: Beyond IT Failure, July 9, 2024
- Apple launches iOS 18 Beta 3 - here's everything you need to know ZDNet: Beyond IT Failure, July 9, 2024
- The best projectors of 2024: Expert tested and reviewed ZDNet: Beyond IT Failure, July 9, 2024
- Oura unveils AI health advisor a day before Samsung Galaxy Ring's likely debut ZDNet: Beyond IT Failure, July 9, 2024
- I tested Motorola's new $699 flip phone and it's full of nostalgic goodness ZDNet: Beyond IT Failure, July 9, 2024
- How to use Copilot Pro to write, edit, and analyze your Word documents ZDNet: Beyond IT Failure, July 9, 2024
- 4 ways to add more eye candy to the GNOME desktop ZDNet: Beyond IT Failure, July 9, 2024
- How to watch Samsung Unpacked July 2024 and what we're expecting to be unveiled ZDNet: Beyond IT Failure, July 9, 2024
- TA6 forms will continue to evolve UK Law Society Gazette: Comment and Opinion, July 9, 2024
- The ‘How’ vs. the ‘What’ in Plain Language Slaw.ca: Practice of Law, July 9, 2024
Vendor Announcements
- Training Content Development Process: Guide to Skillfully Creating Laser-Focused Training Content for Employees Intellek Blog, July 10, 2024
- AI Set to Save Professionals 12 Hours Per Week by 2029 Legal IT Professionals, July 10, 2024
- Quiss Technology achieves ISO certifications with zero non-conformances Legal IT Professionals, July 10, 2024
- Citrix NetScaler Console, Agent and SVM Security Bulletin Cornerstone IT: Events, July 9, 2024
- Elias Law Group Goes Live on 3E in the Cloud, Underpinning the Next Stage of Growth Legal IT Professionals, July 9, 2024
- Meeting Client Demands with Legal Pricing and Budgeting Technology BigHand, July 9, 2024
Law Firm News
- Fennemore Craig Launches Formal Remote Work Program for Lawyers JDJournal, July 10, 2024
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