A few months ago, we were mesmerised by DALL·E 2’s ability to generate realistic images and art based on short descriptions. Now the people behind DALL·E 2 have gone viral again with the launch of ChatGPT.

Both DALLE and ChatGPT highlight the advancements in generative AI. Compared to predictive AI, generative models have impressively fluent results, however, their quality is harder to assess. How do we know if a blog generated with ChatGPT is correct or if it’s accurate? Most of the output is fluent, and tangentially relevant, however these systems are inherently unreliable, making errors of both reasoning and fact.

While machine translation models are inherently predictive, where both accuracy and precision are expected, generative models like ChatGPT can open up new avenues for translators and the localization industry.

The cost of creating content will drop, which means that even more content will be created. This creates a need for linguistic services for revising, adapting, and certifying the AI output. The concept of Machine Translation Post Editing will expand into linguistic validation, cultural adaptation, tone adjustment, fact checking and bias removal.

Another application is generating shorter or longer examples of the translation to help with formatting in-context. It is clear that NMT models will be complemented by LLMs for improving fluency or offering value added services like content insight.

While ChatGPT isn’t quite there yet – it’s certainly raised interest in conversational AI and the possibilities around the technology. But, is it going to transform the translation industry? No – it still has a long way to go. And until then it’s important to remember that only a robust, secure, and adaptable NMT solution can be trusted if you’re looking to engage with global audiences.

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Depending on where you look, a coming recession is either inevitable or just very likely. One thing is clear: Economic uncertainty will be a fact of life in 2023 and it will affect just about every industry, including legal services. Looking ahead, “new law” solutions that offer flexible resourcing, such as legal marketplaces, may help fill many of the gaps that companies will experience during this uncertain future.

To get a full picture of the current legal services market, you need to look back to the current economic downturn’s precursor, the Great Resignation, during which employees left the legal industry in record numbers. For law firms and corporate legal departments alike, the result has been vacancies that are taking too long to fill in the face of a workload that is as busy as ever, despite fewer resources to rely on.

So, what is the impact of the Great Resignation and economic downturn on the legal industry, and how will those trends fuel the rise of alternatives to the traditional law firm model? For many companies, one answer to the current predicament has been to turn to legal marketplaces, staffing firms or alternative legal service providers (ALSPs) to address their needs quickly and cost-effectively.

Click for full article.

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Are you ready for a Contract Negotiation and Contract Management game-changer?

Discover how contract auto-redlining within CobbleStone Contract Insight can streamline AI-based contract drafting and contract negotiations collaboration. https://www.cobblestonesoftware.com/blog/boost-ai-based-contract-negotiations-with-cobblestone-auto-redlining

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Organizations that invest in future fit localization — people, process, technology — report enormous ROI: massively expanded capacity and speed, simplified workflows, and higher customer engagement and market penetration.

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Blue Car Technologies’ iManage Integration Solutions

Blue Car Technologies is a leader in innovative software solutions that improve day-to-day efficiency for law firms and corporate legal departments. We offer arrange of integration solutions specifically designed for iManage customers.

DocuSign and iManage Work Integration

Our DMS integration solution provides a seamless integration between iManage Work clients and DocuSign. It allows documents to be signed from a single right click action with signed documents automatically returned to the iManage.

The market leading integration improves governance and traceability of the entire DocuSign signing experience and includes rich and flexible configuration options to match your organisation’s workflow.

DMS Archiver for iManage Work

The solution provides an automatic 2-step archiving solution to meet your DMS Matter compliance requirements. It has a highly configurable workflow to apply, review and approve extension requests. Learn more.

BI Datahub

Our BI Datahub solution provides a streamlined integration between Microsoft Power BI and your other mission critical business applications such as iManage Work, connecting you directly to your data, uncovering predictive patterns, associations and trends across your organisation.

iManage Footer Control

Our iManage Footer Control solution enables our Desktop for Windows customers to efficiently organise documents with the Automatic Footer tool.

Minisoft ARCS3 and iManage Work Integration

You can maximise your business’ capabilities by integrating your iManage Work environment seamlessly with our Minisoft ARCS3 Connector.

Book a Demo

Blue Car Technologies are exhibiting at Legalweek New York. Book a demo today: Book a Demo at LegalWeek 2023 | Blue Car Technologies Limited | Reading

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#Automation for the win!

Discover how contract lifecycle automation can streamline CLM processes with the help of leading contract lifecycle management software tools.

Learn more: https://www.cobblestonesoftware.com/blog/contract-lifecycle-automation-end-to-end-clm-efficiency

#ContractManagement #CobbleStoneSoftware #DigitalTransformation #LegalTech #LegalTechnology #Contracts #Contract #ContractManager #ContractsManager #ContractAdministration #ContractLifecycleManagement #ContractAutomation #CLM #ContractIntelligence #AI #ArtificialIntelligence #Legal #ContractSpecialist #ContractAdministrator #ContractAdministrators

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As an eDiscovery professional or investigator, you already know the basics of redaction – obscuring or masking sensitive information from a document before it is shared with parties outside the discovery process. But what if you could take your understanding of redaction to the next level and become an expert in this critical aspect of eDiscovery?

In this article, we’ll explore the challenges, common mistakes, solutions, and best redaction practices to help you take your skills to the next level.

Read the full article here: https://www.knovos.com/blog/redaction-run-down-a-deeper-look-at-redaction-in-ediscovery/

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The public nature of the legal system makes law firms particularly vulnerable to a growing number of cybersecurity risks. Law firms have unique access to highly confidential client information and as a result, face a growing number of federal, regional and industry data protection and privacy requirements.

On this episode of the Insider Series, I sat down with Mark Sangster, cybersecurity strategist and author of No Safe Harbor: The Inside Truth of Cybercrime and How to Protect Your Business to explore what’s changed in the legal industry, and how law firms of all sizes can bolster their cybersecurity strategy.

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You’ve got yourself a deal!

Define contract negotiation and how legal technology can empower contract management processes with internal and external stakeholders.

Read here: https://www.cobblestonesoftware.com/blog/what-is-contract-negotiation-and-how-can-legal-technology-help

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(Best) practice makes perfect!

Discover 7 enterprise contract management best practices to succeed in 2023 – including leveraging contract workflow automation and audit trails.

Read here: https://www.cobblestonesoftware.com/blog/enterprise-contract-management-best-practices-to-succeed

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