This AI outperformed 20 corporate lawyers at legal work

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Technology is revolutionizing the work we do and how we do it. Increasingly, artificial intelligence (AI) and robots are taking over menial and repetitive tasks, leaving humans to concentrate on work that requires critical thinking.

But as machines become better at imitating human intelligence, they’re beginning to do more and more thinking for us.

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Fees Add Up in the Bankruptcy Megacases Like Lehman’s

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 Fees for the Lehman bankruptcy alone could easily touch the $1 billion mark.

More than $263,000 for photocopies in four months. Over $2,100 in limousine rides by one partner in one month. And $48 just to leave a message. Explanations for these charges? Priceless.

The lawyers, accountants and restructuring experts overseeing the remains of Lehman Brothers have already racked up more than $730 million in fees and expenses, with no end in sight. Anyone wondering why total fees doled out in the Lehman bankruptcy alone could easily touch the $1 billion mark merely has to look at the bills buried among the blizzard of court documents filed in the case.

 

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Watching The Income Tax System Implode

 Watching The Income Tax System Implode

When it comes to our tax systems, we are living in caveman times

In the movie The Day After Tomorrow, survivors stranded in a library are easily persuaded to burn the multi-volume IRS Tax Code to stay warm. In this fictional scenario, the question one might ask before securing a match: Why did we wait until the end of the world?

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