Wake Up Call: Allen & Overy AI Aims to ‘Disrupt’ Legal Industry

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Allen & Overy has created a new contract negotiation tool called ContractMatrix that will utilize artificial intelligence in an effort to drive revenues and save corporate in-house law departments time and money. The new AI legal tech from the London-founded “Magic Circle” firm “threatens to disrupt the traditional practices of the legal profession.” (Financial Times)
• Ozy Media, Inc. has sued Ben Smith and BuzzFeed, the news organization he ran as editor-in-chief, claiming Smith stole trade secrets to ...