The 80% Problem: Why In-House Lawyers Aren’t Forcing Their Firms to Use AI
Source: Above the Law A new ACC and Everlaw study reveals a bizarre disconnect in legal services. While 67% of in-house lawyers use GenAI (up from 38% last year), 80% aren’t requiring or even encouraging their outside counsel to do the same. The numbers tell a stark story: 91% of in-house users report efficiency gains […]
What Lawyers Actually Do with AI When Nobody’s Watching
Source: The Global AI Skills Community For Lawyers Forget the marketing decks. Here’s what lawyers are really doing with AI tools behind closed doors, based on conversations with practitioners from BigLaw to in-house counsel. ChatGPT: The Unofficial Training Ground Almost every lawyer mentioned ChatGPT, but not for finished work. They’re using it to learn how […]
How Six Companies Are Reshaping Legal Work with AI
Source: Financial Times The legal industry is experiencing a fundamental shift. With the global legal tech market set to nearly double to $47 billion by 2030, a handful of companies are redefining how legal work gets done—not by replacing lawyers, but by eliminating the routine tasks that consume their time. Different Paths to Transformation Harvey […]
Generative AI and Law: The Self-Disruption Imperative
Source: Adam Smith Esq. Bruce MacEwen tackles the most daunting topic in BigLaw’s future—and warns firms are afraid of their own partnerships. Adam Smith, Esq. has launched a new series on generative AI’s impact on law firm business models, drawing from Richard Susskind’s latest book “How to Think About AI: A Guide for the Perplexed.” […]
The AI Procurement Playbook: What Big Law Can Learn from Government’s $14 Billion AI Investment Strategy
Source: The Lawyer The UK government’s AI Opportunities Action Plan, backed by over £14 billion in investment, isn’t just reshaping public procurement—it’s providing a roadmap that Big Law firms should study. The government’s systematic approach reveals both the immense potential and critical pitfalls that legal organizations must navigate as they integrate AI. The Three-Phase Blueprint […]
Clio’s $1 Billion Bet: Can a Small-Firm Software Giant Crack Big Law’s Fortress?
Source: Business Insider Clio’s $1 billion acquisition of vLex in June marked the largest deal in legal tech history—and a direct challenge to one of professional services’ most entrenched duopolies. Two Different Worlds For nearly two decades, Clio has dominated practice management software for solo practitioners and small firms—200,000 users who often run practices from […]
Microsoft Layoffs Hit In-House Counsel – Is AI Disruption To Blame?
Source: Above the Law Talk about how artificial intelligence will someday take lawyers’ jobs has long been dismissed as much ado about nothing — until now. Microsoft has been conducting layoffs across the company globally since mid-May, and while in-house attorneys are typically safe from such employment woes, the rise of AI may be to […]
What Waymo’s 20-Year Journey Teaches Us About Legal AI’s Future
Source: Artifical Lawyer After 20 years and $30 billion, Waymo has achieved truly autonomous vehicles navigating San Francisco’s complex streets. For anyone experiencing these self-driving cars, it’s a transformative “it just works” moment that offers crucial lessons for legal AI. Two Different “Very Hard Problems” Waymo solves navigation in a three-dimensional world filled with unpredictable […]
Pricing strategies for savvy law firms and how to implement them
By Legal Futures Associate 2 quotes to extract from this good article from Legal Future Associates on law firms pricing strategies: “Before any numbers are crunched or strategies are laid out, the keystone to effective pricing in the legal arena is understanding the unique needs of your clients” and ” … 25% surveyed say their […]
How AI Is Transforming The Legal Profession
Source: Above the Law On the impact of AI, from the numerous gems of Thompson Reuters excellent report about the future of the professionals, I would higlight the following: “Nearly half (48%) of professionals predicted that lower costs for firms, resulting from AI use, would lead to greater firm profitability” with however ” several factors […]