Tag Archives: Michael Heise

Revolutionizing Legal Talent Acquisition with AI: The haistack.ai Advantage

Gone are the days when legal recruitment was bogged down by inefficiency and bias. Enter haistack.ai: a beacon of innovation that leverages artificial intelligence to redefine how law firms identify and engage with top legal talent. This platform, powered by the latest in AI technology, complements traditional methods by offering unparalleled precision and speed, enhancing the capabilities of human recruiters and setting a new standard in legal recruitment efficiency.

A New Era of Recruitment: Efficiency Meets Accuracy

The traditional landscape of legal recruitment, characterized by manual sorting and inherent biases, is undergoing a profound transformation. AI technologies, particularly those specialized in recruitment, are setting new standards for identifying candidates. These advanced algorithms are not just tools but game-changers, capable of analyzing vast datasets to find the perfect match between law firms and potential hires.

haistack.ai leads this charge by leveraging its unique, data-driven approach. Thanks to its parent company, Lateral Link’s, deep industry insights, haistack.ai is not just another recruitment tool but a revolutionary platform that ensures optimal alignment between candidates and law firms, thus streamlining the recruitment pipeline like never before.

The haistack.ai Methodology: Intelligence in Action

At the core of haistack.ai‘s success is its methodical, four-step process that harnesses the power of AI at every turn. Starting with an extensive data collection phase, the platform compiles an unmatched database of attorney profiles, firm requirements, and open positions, laying the groundwork for a comprehensive recruitment network.

The real magic happens when haistack.ai applies its advanced algorithms during the data analysis phase. By uncovering deep connections between potential hires and firms, it facilitates targeted communications and strategic connections that were previously unimaginable.

What sets haistack.ai apart is its reliance on machine learning technologies. These aren’t your standard matching algorithms; they’re dynamic, learning from each placement to refine and enhance future recommendations. This continuous improvement cycle ensures that haistack.ai remains at the forefront of recruitment technology, delivering unmatched accuracy in candidate selection.

In its final phase, haistack.ai doesn’t just list candidates; it provides a detailed justification for each recommendation, backed by solid data analysis. This transparency and insight into the decision-making process add an extra layer of trust and reliability to its services.

Embracing the Future with haistack.ai

As haistack.ai demonstrates, the future of legal recruitment lies in embracing AI’s potential to transform traditional practices. This platform exemplifies the shift towards a more efficient, accurate, and unbiased recruitment process, setting a new standard for how law firms approach talent acquisition.

By integrating haistack.ai into their recruitment strategy, law firms can not only expedite the hiring process but also ensure they are connecting with the most compatible candidates. It’s an invitation to be at the forefront of recruitment innovation, where data-driven decisions lead to better hires and a more dynamic legal workforce.

Are you ready to experience the unparalleled efficiency and precision that haistack.ai brings to legal recruitment? Why wait to transform your talent acquisition strategy? Contact us today to schedule your demo and see firsthand how our AI-driven platform can revolutionize your recruitment process.

2024 Legal Industry Outlook: Strategic Transformations and Emerging Opportunities

The year 2024 marks a pivotal era for the legal industry, characterized by rapid technological advancements and significant shifts in legal practices. These developments are reshaping the landscape, and introducing new challenges and opportunities for legal professionals and firms.

“As we step into 2024, we’re witnessing a seismic shift in the legal sector, propelled by cutting-edge technologies and a redefinition of legal practice. This evolution is not just a trend but a fundamental transformation, dictating new paradigms in how legal services are delivered and managed,” remarks Lateral Link Director, Ashleigh Goldberg

  • The Influence of AI and GenAI in Legal Operations

Michael Heise, haistack.ai CTO: “In 2024, the greatest AI influence in the legal industry will continue to be Large Language Models (LLMs). In 2023, tools like ChatGPT showed their power in answering prompts quickly and in different voices and styles. Law firms will look to harness this power with LLMs secured for and designed specifically for their firm. Challenges still lie ahead, like ensuring documents that make up the LLM do not violate ethical wall barriers, but the technology is too transformative to be ignored.”

Analysis: Everlaw predicts significant applications of GenAI in legal practice, with AI technologies automating up to 50% of legal tasks in corporate transactions.

  • ESG and Climate Litigation

Zain Atassi, Principal, Lateral Link Chicago: “2024 will see a rise in ESG litigation, reflecting the growing importance of environmental and social governance in corporate strategies.”

Trend Overview: The PHA Group reports an anticipated surge in ESG-related litigation, driven by increased corporate responsibility and public awareness.

  • Evolving Billing Models and Litigation Funding

Lauren Smith, Principal, Lateral Link Partner Practice Group: “The trend towards alternative fee arrangements is likely to redefine how legal services are delivered as client demands focus more and more on value.” 

Market Insight: The Law Society Gazette highlights a shift towards alternative fee arrangements,  such as flat or fixed fees, with flat fees becoming increasingly popular. Nearly half of all external legal spend in 2023 utilized such models.  While alternative fee arrangements tend to emphasize value over volume, they are most applicable in situations when the work product is predictable.  Alternative billing arrangements do not suit all work, e.g., a litigation that could go in a variety of unpredictable directions.  

  • Cybersecurity Law

Romina Filippou, Senior Director, Lateral Link Northeast: “The rapid evolution of digital threats is making cybersecurity law a critical and growing practice area.”

Industry Perspective: The rise in digital threats and the evolving landscape of internet privacy and data protection laws underscore the growing importance of cybersecurity law.

  • Energy & Natural Resources Law

Susan Agopian, Principal, Lateral Link California: “As the world shifts towards renewable energy, the legal aspects of these resources are becoming more pertinent.”

Sector Analysis: The legal complexities surrounding renewable energy sources, including regulation and innovation, are driving demand for specialized legal expertise.

The legal industry in 2024 is poised for exciting developments, driven by technological innovations and changing market dynamics. Lateral Link, with its team of seasoned recruiters and industry experts, is committed to guiding law firms and legal professionals through these changes, ensuring they remain at the forefront of the industry.

Connect with Lateral Link today to leverage our deep industry knowledge and expertise. Let us help you harness these trends for success in the dynamic legal landscape of 2024.

AI-Powered Legal Recruitment: Revolutionize Your Law Firm with haistack.ai

Haistack – Law Firm, developed by Michael Heise, in partnership with Lateral Link, Haistack – Law Firm greatly simplifies and enhances the process of sourcing candidates for attorney roles. It also helps firms identify which of their current lawyers are likely to be in high demand in the lateral marketplace, enabling more targeted retention efforts.

Making recruiting and retention more efficient and effective

Traditional mechanisms for sourcing lateral candidates are laborious and slow. Recruiters typically conduct LinkedIn keyword searches and ask contacts in their network to suggest potential candidates. Haistack – Law Firm replaces a process that often takes a couple of weeks with one that requires only a couple of clicks. Firms can manually add jobs, that are not posted publicly, and our AI takes minutes to return a list of best candidates not only for the job but for the firm also. This process would normally take days.

Haistack – Law Firm uses machine learning to identify the best candidates for a specific attorney role. The tool aggregates publicly available attorney, firm, and law firm job data from across the internet and enriches it with proprietary Lateral Link data. The goal is not merely to find candidates who have the necessary seniority in the relevant practice area and geographic market. Rather, Haistack – Law Firm also identifies those likely to be cultural fits by analyzing the profiles of a firm’s current attorneys and highlighting similarities between that current pool and a potential candidate. Where did the candidate go to law school? Did they write for a journal? Did they graduate with honors? Haistack – Law Firm considers factors like these and illustrates specific connections between a candidate and a firm. When recruiters or hiring partners review the Haistack – Law Firm output, they are presented with the estimated strength of fit for each identified candidate and the logic underlying that determination. All these characteristics are badged on a candidate profile and seen by the users of Haistack – Law Firm.

Based on the connections that Haistack – Law Firm highlights, strategies for contacting high-potential candidates who have not yet applied are immediately apparent. A recruiter can turn to a current lawyer at the firm who is connected to a potential candidate both to validate the prediction of a strong match and to help reach out to the candidate and sell them on the role. Not only does Haistack – Law Firm reduce the time to identify candidates, but it also makes the process of cultivating them more efficient and effective.

Haistack – Law firm provides an additional source of insight to assist with retention. Given the tool’s ability to identify external lawyers who would be strong lateral candidates, it equally can determine which members of a firm’s current attorney pool are a likely flight risk, based on compatibility between their profiles and opportunities in the wider marketplace. This early warning will prompt firms to evaluate how much they value at-risk talent, while there is still time for affirmative steps to retain critical team members who are in high demand.

Shorter time to fill vacancies = less foregone profit

Filling vacant attorney roles efficiently makes a substantial difference to a law firm’s profits. As we have previously explored, a single sixth-year associate slot left vacant for 30 days could cost $117,329 in lost profits. The estimated loss escalates to $351,986 if the vacancy remains open for 90 days. With figures like these at stake, the business case for investing in a more efficient recruiting process is obvious.

85% of roles for which Lateral Link is the recruiter are filled within 60 days. With the help of Haistack – Law Firm, we estimate that we can reduce the expected time to fill from 60 days to 50. In the case of a sixth-year associate, this equates to a savings of $39,110.

Let’s imagine a firm with two vacancies: one for a sixth-year associate and another for a fifth-year associate. If we assume that Haistack – Law Firm helps fill these vacancies in 10 days less time than would otherwise be required, the firm will achieve savings of $39,110 (sixth-year) + $37,774 (fifth-year) = $76,884. That savings exceeds the cost of a Haistack – Law firm subscription ($75,000 for up to 5 users).

For law firms, time really is money. Traditional recruitment processes just don’t cut it—especially when your competitors have embraced more sophisticated alternatives. Haistack – Law Firm is the new way to recruit: swift, precise, and effective. Is your firm ready to operate at the forefront of recruitment innovation?

Meet the CTO of haistack.ai and creator of Haistack – Law Firm: A Q&A with Michael Heise

Am Law 200 firms will soon have access to an innovative new AI-powered recruiting tool called Haistack – Law Firm. Michael Heise has led development of the product, in partnership with Lateral Link. Ahead of the official launch on September 18, Lateral Link sat down with Mike to talk about the path that led him to develop Haistack – Law Firm.

LL: Let’s start with a quick description of Haistack – Law Firm. Why should firms be interested?

MH: Haistack – Law Firm uses machine learning to identify the best candidates for a specific attorney role. We aggregate publicly available attorney, firm, and law firm job data from across the internet, and we enrich it with proprietary Lateral Link data. From this data, we illustrate connections between a candidate and a firm and estimate the strength of the fit. These connections also suggest the most effective avenues for reaching out to a candidate who has not yet applied. In addition, we show firms which members of their current attorney pool have profiles that are in high demand in the broader lateral market. This enables firms to take affirmative steps to retain the most scarce talent.

LL: You worked for years in software development before you entered the legal field. How did you first get into software? 

MH: I graduated from the University of Maryland in 1997 with a Business Information Systems degree. I was in the Marine Corps Reserves, so I had a connection to the government. I combined those interests by joining a government contractor out of college, writing software. Over the next 15 years, I worked for both government and private sector clients, everything from the State Department to the NASDAQ. That variety was great because I was able to take lessons from one sector and cross-pollinate them into the next. In 2009 I earned my MBA from Maryland with a focus in Entrepreneurship. And then in 2013 I took a full-time software development program manager role with the DC Police Department, where I spent nearly three years.

LL: What do you like best about working in software?

MH: I love making cumbersome processes more efficient. With software you can take a task that previously took days to complete and reduce that time to seconds. I also enjoy solving the puzzles that you confront when writing software. There’s no shortage of hard problems to tackle.

LL: What brought you into the world of law firms?

MH: I was thinking about getting back into the private sector, and in 2016 my wife was a law student, so that made me curious about law firms. I applied for a role at an Am Law 30 firm and spent nearly three years there as an Application Development Manager, followed by three years as a Senior Manager of Software Development at an Am Law 20 firm. Meanwhile, my wife now practices at an Am Law 50 firm, so in a way law has become a family business for us.

LL: What did your time at Am Law firms teach you about their software needs?

MH: First, security and data privacy are critical. Law firms have a reputation for being slow to adopt technology, but it makes sense after you’ve come to appreciate the liability risk of the information they hold. My other big takeaway came from working on system implementations that were 12- or 18-month projects costing millions of dollars. They involved intricate work to export data, massage it, and then import the data into the new system. Those projects reinforced for me the value of turnkey solutions that streamline the user experience. I decided that if I was going to develop software for law firm customers in the future, I would put a premium on making it as turnkey as possible.

LL: And that’s exactly what you’ve done with Haistack – Law Firm, right?

MH: Yes! Users can log in with LinkedIn, Google or Microsoft credentials tied to their firm email. You don’t even have to remember a password. Haistack will recognize which firm you belong to and will automatically display data customized to that firm.

LL: Why were you the perfect person to develop this product?

MH: Certainly I’ve had significant exposure to major law firms, learning not only about their software preferences and constraints but also gaining an understanding of the broader culture. My prior familiarity with the industry is only part of the story. I’ve learned a huge amount about the recruiting process through my collaboration with Lateral Link in developing Haistack – Law Firm. And I’ve had the distinct advantage of being able to draw on 15 years of Lateral Link data. For example, where we know that a firm has considered and rejected a candidate in the past, Haistack is not going to suggest that candidate to the same firm again. So the core strength isn’t just my background, it’s really the complementary assets that have come together to form the Haistack partnership.

In a rapidly evolving legal landscape, the alignment of technology with the intricacies of the legal sector remains pivotal. Michael Heise’s unique journey—from software development in various industries to the heart of law firms—has equipped him to pioneer solutions like Haistack – Law Firm. With its impending launch, Am Law 200 firms are on the cusp of an AI-driven revolution in recruitment. Drawing upon a rich blend of Heise’s software expertise, firsthand insights from top-tier law firms, and the robust data of Lateral Link, Haistack promises to redefine how firms identify, recruit, and retain the brightest legal talents. As law becomes increasingly tech-driven, innovators like Heise are ushering in a new era of efficiency, precision, and excellence.