What is Legal Ops 3.0? ??

Greetings ??

Tom Dreyfus and Sam Flynn here. We're halfway through 2024 already… how?! Just this past month, we’ve been to CLOC and back, enjoyed the best Josef Retreat in Vietnam, and are headed straight to London next week to dig into the question of questions: to build or buy in GenAI? If you’re in the UK and want hear the answer from 奥睿 , Mishcon de Reya LLP , Josef , and DraftWise , register here ??

“Data is the new gold” in Legal Ops 3.0 ??

Speaking to a sea of Legal Ops professionals at CLOC recently, President Jenn McCarron declared that, “the future is written in data. There’s no way to engage with the challenges ahead of us if we don’t become masters of collecting and exploiting it.” It’s a stark directive for anyone steering a legal function right now: leverage your organization's data and ensure technology sits front and center of everything you do. Read Jen's vision for Legal Ops 3.0.

Why evolve? Because you’re worth it ??

欧莱雅 ’s in-house team embodies Legal Ops 3.0 from where we’re standing. Technology isn’t an afterthought but a central part of the legal team's (and wider business's) everyday operations thanks to Legal Counsel Candy Welsh . Watch Sam's chat with Candy to hear how her self-serve contract and regulatory tools have empowered the business and made compliance that bit simpler.

Legal AI hits stormy weather ??

A Stanford study on legal AI uncovered that "Legal Models Hallucinate in 1 out of 6 (or More) Benchmarking Queries." But, whoops! They initially tested the wrong tool. Once they switched to the right platform, it turned out to hallucinate even more! Our view? Relying on AI for big, substantial legal research clearly isn't the way to go right now. But you know what is? Leveraging AI for smaller, yet valuable tasks like simple knowledge retrieval.?

What GenAI legaltech really needs ??

Horace Wu at Syntheia held a very timely webinar last week for legal GenAI vendors: ‘AI App Builders: We need to talk... about what's unreal and what's real’. Dr. Megan Ma , Associate Director of CodeX, The Stanford Center for Legal Informatics said what a lot of legaltech vendors need to hear: “The technical challenge isn’t how to get the tools perfect — it’s how to build the best 'intelligent alarm' to tell the human when to take over.” Watch the webinar for Megan’s full analysis and more.

Those are our top picks! See you next month for more snackable, curated legaltech content ??

Tom & Sam

You can update regulatory tools in real time on Josef; you’re not sitting there waiting around. You can just jump in and make the change: the whole process takes a day tops, if that.

Candy Welsh , Legal Counsel - 欧莱雅