Industry Insight: Why the Future of eDiscovery is ‘All About AI Models’

Industry Insight: Why the Future of eDiscovery is ‘All About AI Models’

“The key to the future is the past. What I mean by that is that the future is models – artificial intelligence models.”

That is just a taste of what NexLP’s CEO Jay Leib shared when he spoke as a featured panelist at ILTACON 2018 last month during a session that explored the future of eDiscovery.  This panel dove into industry leaders’ predictions on what will disrupt this market, and how organizations should be adapting. They also shared insights into how law firms can prepare themselves to stay competitive in the eDiscovery marketplace using available legal tech.

The Future of Legal Tech: Innovation at ILTACON 2018

The Future of Legal Tech: Innovation at ILTACON 2018

Following ILTACON 2018, an article published by Thomson Reuters' Legal Managed Services side noted the presence of NexLP at the conference, specifically what CEO Jay Leib had to say about the future of eDiscovery. 

Edward Sohn, the VP of Product Management and Partnerships for Thomson Reuters Legal Managed Services, wrote the following: "Separately, in an eDiscovery panel, Jay Leib of NexLP proclaimed that law firms will participate in an arms race where they advertise their AI models, and the future of the law business is monetizing bespoke AI models."

The audio (available here at the 28:50 mark) dives into Leib's perspective on AI models and why "the key to the future is the past."

ILTACON 2018 Recap: The Future of Legal Tech and eDiscovery

ILTACON 2018 Recap: The Future of Legal Tech and eDiscovery

The NexLP joined ILTACON 2018 — the 41st educational conference for the legal sector — last week and saw both sides of the show with a booth in the exhibit hall and a spot on stage with CEO Jay Leib as a prominent panelist.

Leib spoke on the panel that focused on the future of eDiscovery. This panel dove into industry leaders’ predictions on what will disrupt this market, and how organizations should be adapting. They also shared insights into how law firms can prepare themselves to stay competitive in the eDiscovery marketplace using available legal tech.

Overcoming the AI Apprehension: FAQs About Our Legal Tech

Overcoming the AI Apprehension: FAQs About Our Legal Tech

Artificial Intelligence has become a buzzword in every industry, but not many truly understand the vast benefits of applying this technology to traditional business models. Many law firms, for example, struggle with how to justify adding another line item to the technology budget.

Some question how AI can actually enhance operational efficiencies, while others are simply overwhelmed with learning how the technology works. That’s why NexLP is here — to serve as your AI deployment experts that can help you better understand the true value that exists within your own data. We’re here to help you sift through all the unstructured data that’s typically done with costly, inefficient manual review processes if done at all. Instead, our technology helps you tease out the narratives better and faster than industry alternatives.

NexLP Releases Story Engine 2.0 to Help Legal Case Teams Leverage More Comprehensive AI Models

NexLP Releases Story Engine 2.0 to Help Legal Case Teams Leverage More Comprehensive AI Models

NexLP announced today at ILTACON the release of StoryEngine 2.0 to help law firms and legal departments get the most out of their corporate data — and gain an edge with their current and potential clients — using cutting-edge artificial intelligence technology.

Powered by the work of NexLP Co-Founder Dr. Dan Roth, the winner of the 2017 John McCarthy Award — given to the most distinguished group of AI experts in the world — Story Engine 2.0 turns disparate, unstructured data into meaningful insights that can be used to act with a truly comprehensive view of the entire data universe.

Why Rigid Structure Can Hinder Mentorship

Why Rigid Structure Can Hinder Mentorship

“The most important thing that you need to remember about a mentoring relationship is that it’s individual, because it’s about the person,” says Diane Brink. “There’s not a script or a standard operating procedure.”

Inside the NexLP Culture: The People Behind Our AI Tech

Inside the NexLP Culture: The People Behind Our AI Tech

The concept for NexLP had been brewing for many years, but in 2013, the vision finally became a reality.
That’s when an entrepreneurial team of data scientists, programmers, and eDiscovery experts came together to create our next-gen cognitive analytics solution using Artificial Intelligence (AI) and Machine Learning (ML) that would redefine how legal firms and corporations thought about the application emotional intelligence to solve real-world problems.

Today, NexLP is continuing to expand its mission by using artificial intelligence and advanced cognitive analytics to help a new wave of enterprise clients leverage their unstructured data. But that’s just our professional bio. We’re more than what we put on paper.

How AI Saves Enterprises From Potential Corporate Disasters

How AI Saves Enterprises From Potential Corporate Disasters

Enterprise risks fuel the fear of the unknown, which can cause organizations to unnecessarily invest time and money into manual processes or lack of processes that are neither efficient nor protect the company and its employees. Sometimes training and manuals are not enough to protect enterprise value.

Artificial intelligence can protect enterprises from risk by predicting issues long before an internal team can flag potential issues.