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[MUSIC]
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This is Ari Kaplan.
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>> At the 2024 Knowledge Management and Innovation for Legal Conference.
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>> I'm Alex Chang, I'm the Chief Customer Officer at Simply Ray.
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>> Build a ways.
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>> CTO, area.
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>> Ret Young, I'm a Product Account Executive at I Manage Specialized in Closing Fulvers,
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the Transactual Management Platform.
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>> Damien Black, the Marketing Director, at Deal Closer.
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>> Danielle Larman, I'm an Account Manager at File Bio.
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>> Darren Schleiker, Chief Sales Officer, Brief Catch.
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>> My name is Evan Birdhall, Account Executive at Legal Macy.
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>> Evan Checkman, Chief Knowledge and Innovation Officer at Fisher Phillips,
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and a member of the Advisory Board for Disconference.
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>> Gable Carawani, Co-Founder, and Kiepie.
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>> Robbub, ChickenEmpan, Reservant and CEO of Full Budding and Candidest.
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>> To the Adorapura CEO of Info Dash.
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>> What are your impressions in Knowledge Management and Innovation for Legal Conference?
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>> What are the most common questions you've been hearing from Knowledge Management leaders
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about artificial intelligence?
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>> How have you seen transaction management evolve?
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What's the connection between Knowledge Management and Transaction Management?
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Why is it important to have a single pane of glass into your legal matters?
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What are the benefits of leveraging technology to enhance legal practice?
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What's different about purpose-built AI?
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What's the objective of the Knowledge Management and Innovation for Legal Conference?
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Where's the power and automation in Knowledge Management?
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What's the connection between Knowledge Management and AI?
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How is Knowledge Management in law firms evolving?
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>> This is our first year here, and we've had a really good time.
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We're able to meet with a lot of the people that have seen more of a low-pressure environment
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because we're in a lot of scale conferences, but also gave everyone a really good opportunity
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to catch up.
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>> What's the point about artificial intelligence that's really been around,
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based on data going, what fellow LIMs do you use?
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What are we doing to protect the information?
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The most interesting ones for, can I search for files?
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If you have a particular repository, and I give it some key words or ask us some questions
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that lists those particular files, we always hear about Ragon content in there, right?
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You get it to answer, but the Search and Force-specific files was a nature student's list.
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What can I read that?
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>> Can I read a file documents?
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>> Transaction management seems as one of the last areas of the law firm that's actually
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been modernized because attorneys or paralegals and practice assistants are generally doing
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things very manually, sending more documents around in emails.
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They're doing things the way they've been, almost 20 years ago, apart from having e-signature
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collection, not much of their workflows has changed in the last couple of decades.
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So bringing in a transaction management product that brings disjointed and disconnected workflows
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into one collaborative space, especially when it's connected to their document management
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system like I manage, it makes everything much more efficient, obviously much more timely.
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So it brings everyone onto the same page in an easy to use and refined platform.
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>> The connection now with all of the AI capabilities that are coming forward is the ability
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to have more data around your transactions for a law firm, for example.
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It can be a really powerful tool to help drive some of the business development initiatives.
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RFP processes, you can have more instant access to how many deals is my team managing?
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What are the value of these deals?
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What industries are they in so that we can really start to help firm showcase their level
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of expertise?
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Then it also can help feed the knowledge management processes around the clauses that they're
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using in their negotiations.
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That can really help short circuit these negotiation cycles because it can help them understand.
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When we're negotiating a contract against opposing council that we come up against in a
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lot of transactions, we can have better insight into what things that that opposing council
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agrees to normally so that we can maybe cut out three different rounds of revisions because
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we know what they'll agree to.
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Those are some of the examples that I can think of that really connect AI to transaction
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management and knowledge management.
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>> We hear from law firms all over the country that their team's information is silo and
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sometimes dozens of different tools and areas of software that makes it incredibly difficult
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to draw conclusions about firm management, KPIs and the direction that the firm needs
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to go as a whole.
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Not to mention from the day to day perspective, that makes it very difficult for staff and
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attorneys to get their jobs done when it could be as simple as finding a precedent for
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a document they're creating or an example of a case that could inform their current decisions.
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Having a single pane of glass makes it easier to search, find what they're looking for and
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develop those KPIs with clean data that is adequately tracked throughout the entire process.
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>> I'll give you an example very specific to brief catch, Ross Cooperman is the CEO and founder.
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He is one of the world's leading legal writing coaches for 20 years, the top firms in the
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country were hiring him saying, how would you approach this brief?
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How would you restructure this argument?
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He'd answer that, which is great, but the problem is six months down the road after Ross's
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long gone from the latest workshop and some associate needs to get something to a client
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under a deadline by three o'clock, he's not there to answer that.
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Fifth catch is a perfect example of using product and technology to get the closest thing to
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getting one of the world's legal writing experts just there by your side sitting in your office.
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So whatever you do is being trained and influenced by 20 years of legal writing of Ross looking
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at the best writers out there incorporating that into the technology so it's naturally
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being able to aid you in your writing but also train you in how to be a better writer along
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the way.
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It's not just about making that one brief you're working on today better, it's about making
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you a better writer period.
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All of our products are M's to M's solutions, so from your initial document, you're going
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to have a solution yourself.
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Finished output that you can take wherever you need.
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It's really made for litigators who need to automate a lot of this high volume repetitive
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creation of different documents.
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So with your complaints and discovering, it's a manual process today that really shouldn't
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be.
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And using our robust software, you're able to again, fully finish your product.
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It doesn't matter seconds as it goes to a few hours.
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It was really to try to elevate what these conferences can be, higher quality speakers,
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higher quality attendees, higher quality food, everything bringing it up a notch and I think
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we're there.
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Automation in our management really has to stem from the capture of the knowledge because
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once you do that right, you can do so much with that information.
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We focus very much on the very initial part of where content lands in your system and
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we order tag it in the context of where you, the user, where you're working.
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So for instance, inside of Microsoft Teams, inside of Channel, in a post, if you drag and
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drop something into there to share with the colleague, we'll tag it in that context.
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That means by automatically tagging it, we can do lots of stuff with it.
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We can bring it to other colleagues of yours in the context of their work and let them
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use that information as knowledge.
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The idea behind AI is to basically use as an instance of our shared intelligence to
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extract intelligence from within your knowledge.
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The way we think about AI and our management is to really kind of connect the engine, the
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core engine behind the scenes, to connect your knowledge to read and understand the data
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set, could be like high-manage or to be even single-server.
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And really extract patterns, intelligence from the data set and exposing it a very easy
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to understand human readable form here in the language of preferred.
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PM and Innovation has gotten more focus from XCOM level leaders in law firms.
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Post, ShadGPT/TheGoldman report that said that 44% of all legal tasks can be automated
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by AI.
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Historically, KM and IT have been underfunded, in my opinion, in big law.
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And those developments have loosened per strings and law firm leaders are recognizing that
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their lack of investment could impact their market share.
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Many law firms have looked at technology expenses and necessary evil.
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And I feel like that's changing to perspective of where they see it as a competitive
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enabler.
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Alex, thank you.
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All right.
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Phil, thank you.
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You're welcome, Jason.
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Right, thank you.
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Yeah, thank you, Ari.
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Damien, thank you.
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Thank you, Ari.
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Danielle, thank you.
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Thank you.
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Darren, thank you.
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Thank you.
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Evan, thank you.
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Thanks, sir.
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Evan, thank you.
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I'm Hunter.
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Give it all.
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Thank you.
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Treasure.
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I got thank you.
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You're welcome.
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Chad, thank you.
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Yeah, absolutely.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
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[MUSIC]
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This is Ari Kaplan.
3
00:00:04,760 --> 00:00:10,960
>> At the 2024 Knowledge Management and Innovation for Legal Conference.
4
00:00:10,960 --> 00:00:14,640
>> I'm Alex Chang, I'm the Chief Customer Officer at Simply Ray.
5
00:00:14,640 --> 00:00:15,400
>> Build a ways.
6
00:00:15,400 --> 00:00:16,920
>> CTO, area.
7
00:00:16,920 --> 00:00:23,160
>> Ret Young, I'm a Product Account Executive at I Manage Specialized in Closing Fulvers,
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the Transactual Management Platform.
9
00:00:25,200 --> 00:00:29,480
>> Damien Black, the Marketing Director, at Deal Closer.
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00:00:29,480 --> 00:00:32,880
>> Danielle Larman, I'm an Account Manager at File Bio.
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00:00:32,880 --> 00:00:35,960
>> Darren Schleiker, Chief Sales Officer, Brief Catch.
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>> My name is Evan Birdhall, Account Executive at Legal Macy.
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>> Evan Checkman, Chief Knowledge and Innovation Officer at Fisher Phillips,
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and a member of the Advisory Board for Disconference.
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>> Gable Carawani, Co-Founder, and Kiepie.
16
00:00:47,680 --> 00:00:52,400
>> Robbub, ChickenEmpan, Reservant and CEO of Full Budding and Candidest.
17
00:00:52,400 --> 00:00:55,520
>> To the Adorapura CEO of Info Dash.
18
00:00:55,520 --> 00:00:59,440
>> What are your impressions in Knowledge Management and Innovation for Legal Conference?
19
00:00:59,440 --> 00:01:03,640
>> What are the most common questions you've been hearing from Knowledge Management leaders
20
00:01:03,640 --> 00:01:06,520
about artificial intelligence?
21
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>> How have you seen transaction management evolve?
22
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What's the connection between Knowledge Management and Transaction Management?
23
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Why is it important to have a single pane of glass into your legal matters?
24
00:01:17,600 --> 00:01:24,120
What are the benefits of leveraging technology to enhance legal practice?
25
00:01:24,120 --> 00:01:27,120
What's different about purpose-built AI?
26
00:01:27,120 --> 00:01:32,000
What's the objective of the Knowledge Management and Innovation for Legal Conference?
27
00:01:32,000 --> 00:01:35,520
Where's the power and automation in Knowledge Management?
28
00:01:35,520 --> 00:01:40,720
What's the connection between Knowledge Management and AI?
29
00:01:40,720 --> 00:01:43,840
How is Knowledge Management in law firms evolving?
30
00:01:43,840 --> 00:01:46,840
>> This is our first year here, and we've had a really good time.
31
00:01:46,840 --> 00:01:51,280
We're able to meet with a lot of the people that have seen more of a low-pressure environment
32
00:01:51,280 --> 00:01:55,320
because we're in a lot of scale conferences, but also gave everyone a really good opportunity
33
00:01:55,320 --> 00:01:56,320
to catch up.
34
00:01:56,320 --> 00:01:59,320
>> What's the point about artificial intelligence that's really been around,
35
00:01:59,320 --> 00:02:02,800
based on data going, what fellow LIMs do you use?
36
00:02:02,800 --> 00:02:05,080
What are we doing to protect the information?
37
00:02:05,080 --> 00:02:08,720
The most interesting ones for, can I search for files?
38
00:02:08,720 --> 00:02:13,160
If you have a particular repository, and I give it some key words or ask us some questions
39
00:02:13,160 --> 00:02:17,880
that lists those particular files, we always hear about Ragon content in there, right?
40
00:02:17,880 --> 00:02:22,240
You get it to answer, but the Search and Force-specific files was a nature student's list.
41
00:02:22,240 --> 00:02:23,280
What can I read that?
42
00:02:23,280 --> 00:02:25,840
>> Can I read a file documents?
43
00:02:25,840 --> 00:02:30,720
>> Transaction management seems as one of the last areas of the law firm that's actually
44
00:02:30,720 --> 00:02:35,520
been modernized because attorneys or paralegals and practice assistants are generally doing
45
00:02:35,520 --> 00:02:39,160
things very manually, sending more documents around in emails.
46
00:02:39,160 --> 00:02:45,200
They're doing things the way they've been, almost 20 years ago, apart from having e-signature
47
00:02:45,200 --> 00:02:50,040
collection, not much of their workflows has changed in the last couple of decades.
48
00:02:50,040 --> 00:02:56,280
So bringing in a transaction management product that brings disjointed and disconnected workflows
49
00:02:56,280 --> 00:03:00,760
into one collaborative space, especially when it's connected to their document management
50
00:03:00,760 --> 00:03:05,720
system like I manage, it makes everything much more efficient, obviously much more timely.
51
00:03:05,720 --> 00:03:11,040
So it brings everyone onto the same page in an easy to use and refined platform.
52
00:03:11,040 --> 00:03:17,280
>> The connection now with all of the AI capabilities that are coming forward is the ability
53
00:03:17,280 --> 00:03:23,600
to have more data around your transactions for a law firm, for example.
54
00:03:23,600 --> 00:03:30,160
It can be a really powerful tool to help drive some of the business development initiatives.
55
00:03:30,160 --> 00:03:36,960
RFP processes, you can have more instant access to how many deals is my team managing?
56
00:03:36,960 --> 00:03:38,360
What are the value of these deals?
57
00:03:38,360 --> 00:03:43,680
What industries are they in so that we can really start to help firm showcase their level
58
00:03:43,680 --> 00:03:44,920
of expertise?
59
00:03:44,920 --> 00:03:53,560
Then it also can help feed the knowledge management processes around the clauses that they're
60
00:03:53,560 --> 00:03:55,880
using in their negotiations.
61
00:03:55,880 --> 00:04:02,440
That can really help short circuit these negotiation cycles because it can help them understand.
62
00:04:02,440 --> 00:04:07,000
When we're negotiating a contract against opposing council that we come up against in a
63
00:04:07,000 --> 00:04:13,200
lot of transactions, we can have better insight into what things that that opposing council
64
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agrees to normally so that we can maybe cut out three different rounds of revisions because
65
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we know what they'll agree to.
66
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Those are some of the examples that I can think of that really connect AI to transaction
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management and knowledge management.
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>> We hear from law firms all over the country that their team's information is silo and
69
00:04:36,000 --> 00:04:41,560
sometimes dozens of different tools and areas of software that makes it incredibly difficult
70
00:04:41,560 --> 00:04:46,320
to draw conclusions about firm management, KPIs and the direction that the firm needs
71
00:04:46,320 --> 00:04:47,920
to go as a whole.
72
00:04:47,920 --> 00:04:51,920
Not to mention from the day to day perspective, that makes it very difficult for staff and
73
00:04:51,920 --> 00:04:56,120
attorneys to get their jobs done when it could be as simple as finding a precedent for
74
00:04:56,120 --> 00:05:01,520
a document they're creating or an example of a case that could inform their current decisions.
75
00:05:01,520 --> 00:05:05,800
Having a single pane of glass makes it easier to search, find what they're looking for and
76
00:05:05,800 --> 00:05:11,520
develop those KPIs with clean data that is adequately tracked throughout the entire process.
77
00:05:11,520 --> 00:05:17,440
>> I'll give you an example very specific to brief catch, Ross Cooperman is the CEO and founder.
78
00:05:17,440 --> 00:05:22,400
He is one of the world's leading legal writing coaches for 20 years, the top firms in the
79
00:05:22,400 --> 00:05:26,320
country were hiring him saying, how would you approach this brief?
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How would you restructure this argument?
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He'd answer that, which is great, but the problem is six months down the road after Ross's
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long gone from the latest workshop and some associate needs to get something to a client
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under a deadline by three o'clock, he's not there to answer that.
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Fifth catch is a perfect example of using product and technology to get the closest thing to
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getting one of the world's legal writing experts just there by your side sitting in your office.
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So whatever you do is being trained and influenced by 20 years of legal writing of Ross looking
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at the best writers out there incorporating that into the technology so it's naturally
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being able to aid you in your writing but also train you in how to be a better writer along
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the way.
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It's not just about making that one brief you're working on today better, it's about making
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you a better writer period.
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All of our products are M's to M's solutions, so from your initial document, you're going
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to have a solution yourself.
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Finished output that you can take wherever you need.
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It's really made for litigators who need to automate a lot of this high volume repetitive
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creation of different documents.
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So with your complaints and discovering, it's a manual process today that really shouldn't
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be.
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And using our robust software, you're able to again, fully finish your product.
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It doesn't matter seconds as it goes to a few hours.
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It was really to try to elevate what these conferences can be, higher quality speakers,
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higher quality attendees, higher quality food, everything bringing it up a notch and I think
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we're there.
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Automation in our management really has to stem from the capture of the knowledge because
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once you do that right, you can do so much with that information.
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We focus very much on the very initial part of where content lands in your system and
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we order tag it in the context of where you, the user, where you're working.
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So for instance, inside of Microsoft Teams, inside of Channel, in a post, if you drag and
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drop something into there to share with the colleague, we'll tag it in that context.
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That means by automatically tagging it, we can do lots of stuff with it.
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We can bring it to other colleagues of yours in the context of their work and let them
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use that information as knowledge.
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The idea behind AI is to basically use as an instance of our shared intelligence to
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extract intelligence from within your knowledge.
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The way we think about AI and our management is to really kind of connect the engine, the
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core engine behind the scenes, to connect your knowledge to read and understand the data
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set, could be like high-manage or to be even single-server.
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And really extract patterns, intelligence from the data set and exposing it a very easy
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to understand human readable form here in the language of preferred.
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PM and Innovation has gotten more focus from XCOM level leaders in law firms.
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Post, ShadGPT/TheGoldman report that said that 44% of all legal tasks can be automated
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by AI.
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Historically, KM and IT have been underfunded, in my opinion, in big law.
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And those developments have loosened per strings and law firm leaders are recognizing that
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their lack of investment could impact their market share.
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Many law firms have looked at technology expenses and necessary evil.
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And I feel like that's changing to perspective of where they see it as a competitive
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enabler.
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Alex, thank you.
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All right.
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Phil, thank you.
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You're welcome, Jason.
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Right, thank you.
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Yeah, thank you, Ari.
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Damien, thank you.
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Thank you, Ari.
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Danielle, thank you.
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Thank you.
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Darren, thank you.
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Thank you.
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Evan, thank you.
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Thanks, sir.
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Evan, thank you.
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I'm Hunter.
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Give it all.
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Thank you.
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Treasure.
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I got thank you.
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You're welcome.
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Chad, thank you.
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Yeah, absolutely.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
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Thank you.
