Five great industry news stories from this week you may have missed.
.png?width=787&name=Friday%20Top%20Five%20(1).png)
AI certification initiatives could prove very useful to legal industry, experts say
University of Toronto law professor Gillian Hadfield says she suspects many lawyers currently “would have a hard time giving much of an answer about what the risks are” for clients wading into the AI waters amid a lack of extensive government regulation. According to ABA Journal, Hadfield hopes an initiative she is helping lead to create a global certification mark for trustworthy AI systems could help lawyers offer clients more substantive advice about using AI tools. She says the project could also aid law firms in determining which AI technologies they want to utilize internally. Read the full story to learn about the partnership between the University of Toronto’s Schwartz Reisman Institute for Technology and Society and AI Global.
Silver Lake to Invest in Legal-and-Compliance Software Firm Relativity
Late last week, The Wall Street Journal reported that private-equity firm Silver Lake has mad a big investment in Relativity. The deal values the software maker at about $3.6 billion and will make Silver Lake its largest shareholder. The companies are not disclosing the size of the Silver Lake investment, but said the private equity firm will take seats on Relativity’s board.
3 tips for mitigating cloud-related cybersecurity risks
Looking back, one might wonder how we ever got along without cloud computing. Cloud computing has, and will continue to be, a disruptive technology in how it transforms the way we use the internet. Unfortunately, the improved performance, access and capability of the cloud can also help cybercriminals. A recent Tech Republic article shares how — by balancing efficient operation with security optimization, segmenting networks and encrypting data — you can mitigate cloud-related security risks.
Building back better
On March 12, the UK government set out its ‘10 Tech Priorities’ — most of which apply directly to legal tech. While the work-from-home model has presented several advantages to those in our industry, new key challenges that will require a renewed focus on connecting and communicating are on the horizon. Read The Law Society Gazette's article from Monday to learn the full list of priorities set by the government, as well as insights into why training, business development and collaboration will be key going forward.
Slack’s new DM feature Connect is, thankfully, opt-in
In October, Slack announced they would be adding a "Connect" feature which allows employees across the 74,000 organizations who use their platform to securely direct message anyone, whether they be inside or outside of their network. According to Tech Crunch, Slack cited an IDC survey that found that 43 per cent of respondents said their primary challenge during the pandemic was communicating and collaborating with external stakeholders. Upon receiving feedback from its users, Slack has now announced users must opt in to use the feature. Read the full story here.
