Blickstein Group has launched its Legal AI Efficacy Report, an independent analysis that evaluates the effectiveness of 50 AI-powered solutions currently available across eight different legal tech categories. The report was launched at the legal tech gathering ILTACON in Orlando, USA.
Cutting though the hype
Based on research conducted over the past six months, the firms says the report provides the market with an unbiased, holistic look at AI products on the market, so that corporate law department and law firm leaders can make educated decisions based on their business goals. They stress the report is written for user, with no vendors paying to be included or to influence the analysis. The report aims to cut through the hype to identify problems and solutions, understand which products and services are the best fit for common use cases, and to gain a holistic view of technology categories and relevant vendor product offerings. “‘Artificial intelligence-powered legal technology’ is not a phrase many industry veterans ever thought they’d hear, but law firms and law departments are now looking to develop an AI strategy,” says Brad Blickstein, principal at the Blickstein Group and publisher and co-author of the report. “Limited to hype-ridden information sources, however, organizations are ignoring the time-honored process of first identifying problems and then finding ways to solve them. The Legal AI Efficacy Report is designed to help them fix that.” The report, which will be sold on an annual subscription basis with quarterly updates, will be delivered to subscribers on September 23.
The report, co-authored by veteran legal journalist Erin Harrison, offers a detailed investigation into each provider’s product and service offerings. Lawyer and legal technologist Dera Nevin is the report’s senior advisory editor. Each product analysis is based on multiple factors, including the vendor’s own written responses to a questionnaire, a briefing with Blickstein Group researchers, interviews with independently identified product users (not the vendor’s references) and review by the report’s advisory board. The advisory board members are all senior-level law firm, law department and legal technology experts. “The industry will welcome such a comprehensive, independent review of the many AI-powered technologies currently available on the market,” says Joy Heath Rush, ceo of International Legal Technology Association (ILTA). “With the steady stream of product updates and new players constantly emerging, this report is a valuable, time-saving resource.” Information on the report, can eb found here.