Showing posts with label lawyers. Show all posts
Showing posts with label lawyers. Show all posts
Friday, April 14, 2017
This Software Does in Seconds What Took Lawyers 360 000 Work Hours
This Software Does in Seconds What Took Lawyers 360 000 Work Hours
JP Morgan Chase & Co, one of the world’s biggest banking and financial services company, has a massive technology budget of $9.6 billion and employs around 20,000 developers. They are trying to leverage modern technology to drastically reduce the workload on its lawyers. Their strategy has focused mainly on developing tools that could automate mundane tasks for bankers as well as clients.
Finally, they are seeing some of the efforts pay off. Their new software, called Contract Intelligence (COIN), has the task of interpreting commercial-loan agreements and was implemented in June last year.
The task, when done by lawyers and loan officers, could take up as many as 360,000 hours of work annually. COIN, on the other hand, is capable of reviewing documents in mere seconds. It is also less prone to error, specifically cutting down on loan-servicing mistakes— a common human error.
The software is the result of some huge investments made by JP Morgan in technologies like machine learning as well as a new private cloud network. The biggest bank in the United States, the firm has set up technology hubs for teams specializing in fields like big data, robotics and cloud infrastructure and keeps a track of around 2,000 technology ventures.
Work, which could previously take hundreds of thousands of lawyer hours, is now being done with the help of a software that uses machine learning and big data. Automation softwares are in demand these days. A Pakistani entrepreneur also caught the headlines recently when he, bored of the repetitive work he was required to do, automated his whole job, and then made a thriving startup out of it.
via Bloomberg
Image Credits — MovedAndShaken
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Friday, March 31, 2017
Mesothelioma and Asbestos Lawyers
Mesothelioma and Asbestos Lawyers
Once the initial shock of a mesothelioma diagnosis has passed, patients and loved ones are often left wondering how they can afford medical bills, lost wages and other financial hardships. Choosing the right mesothelioma lawyer to represent you is an important first step in ensuring your family’s financial future.
When looking for the right mesothelioma lawyer, you should find someone with the following qualities:
Has a history of success with asbestos lawsuits
Can explain all your options to you
Is understanding with you and your family
Will handle the proceeding from start to finish
Is familiar with other avenues of compensation available to you
If you prefer to avoid the legal route, you may qualify for other forms of financial assistance. Bankrupt asbestos companies have set aside nearly $40 billion to compensate people diagnosed with asbestos-related diseases. If you’re a military veteran, you can file a disability claim with the U.S. Department of Veterans Affairs (VA).
No matter what path you choose, good mesothelioma lawyers make the process simple and hassle-free, giving you more time to focus on your health and loved ones.
The cost of mesothelioma care can be overwhelming, making it even more important to find someone who can offer a high probability of success. The expenses can include income loss, expensive treatments not covered by your health insurance, plus pain and suffering to you and your family. It is important to save all your medical and financial records so your lawyer can have updated information about your expenses.
A good mesothelioma attorney can walk you step-by-step through the legal process, making sure you are notified of every development. Usually, the attorney handles most everything for you, making the whole process easier.
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