Legaltech Insights #17!

Welcome to a new edition of LegalTech Insights, your weekly source for news and trends in legal technology. In this issue, we highlight significant advancements in the integration of artificial intelligence (AI) within the legal and regulatory fields worldwide.

HERE ARE THE TOP NEWS OF THIS WEEK! ??

???? AFIP Creates AI Innovation Committee to Enhance Customs Control

The Federal Administration of Public Revenue (AFIP) has established a new Committee on Artificial Intelligence Innovation within the General Director of Customs. This committee will coordinate the implementation of advanced AI technologies to enhance customs control and analysis, aiming to optimize foreign trade operations ?? Read more

???? EU Approves World's First Law on Artificial Intelligence

The EU Council has officially approved the world's first law on artificial intelligence. The legislation aims to ensure the protection of citizens' fundamental rights while fostering investment and innovation in AI across Europe. Known as the AI Act, this pioneering law adopts a risk-based approach, with stricter rules for higher-risk AI applications ?? Read more

???? DWF Rolls Out Microsoft Copilot Globally

DWF , one of the UK's top 20 law firms, has announced the global rollout of Microsoft Copilot to all its employees, becoming one of the first law firms to do so. Following Clifford Chance 's similar move in February, Copilot for Microsoft 365 aims to enhance productivity by performing various tasks across the suite. This implementation is a key part of DWF 's Digital Transformation program, which also includes a new case management system, ShareDo ?? Read more

?? Small Law Firms Plan to Adopt AI Faster Than Larger Firms

Independent and small law firms plan to adopt AI more quickly than larger firms, but not quickly enough to meet client expectations, according to a survey by Clio - Cloud-Based Legal Technology . The 2024 Legal Trends Report highlights that while solo and small firms are eager to implement AI to enhance efficiency, their clients are even more enthusiastic, believing AI can deliver more affordable and higher-quality legal services ?? Read more

?? How GenAI Will Help GCs Drive Faster Negotiation Cycles

Generative AI is transforming in-house legal leaders into strategic business enablers. While few legal teams currently use GenAI tools regularly, this technology is reshaping the role of general counsels. Prashant Dubey from Agiloft highlights that GCs see GenAI as a way to speed up negotiation cycles and revenue recognition. Although only 5% of GCs use GenAI regularly, about 50% are exploring its potential ?? Read more

???? Spain approves the national artificial intelligence strategy 2024: A step towards a digital future

The Government of Spain has taken a significant step towards digital transformation with the approval of the National Artificial Intelligence Strategy 2024 (ENIA 2024). This strategy is part of the Spain Digital 2026 Agenda and the Recovery, Transformation, and Resilience Plan, aiming to position Spain as a global leader in the development and application of artificial intelligence (AI) technologies in an inclusive, sustainable, and citizen-centered manner ?? Read more

Thank you for being part of our growing legaltech community - Excited to see you next week to share more 'Legal Insights'! ??

Agustin Negre - Executive Manager & Lawyer, Alfaro Abogados