Bridging Academia and Practice: Inside King’s College London and Linklaters’ Groundbreaking GenAI Training
Source: KCL In a significant move that signals the growing importance of AI literacy in legal practice, Linklaters has partnered with The Dickson Poon School of Law at King’s College London to launch an innovative GenAI Expert Training Programme. This collaboration comes at a crucial time, as LexisNexis research reveals that 40% of lawyers are […]
AI in LegalTech: The New Growth Engine
Source: Global Corporate Venture The legal technology landscape is experiencing an unprecedented transformation, driven by artificial intelligence. As revealed in recent market analysis, 2024 has witnessed record-breaking investment in legal tech startups, with AI capabilities at the forefront of this surge. From Back Office to Front Lines The evolution of AI in legal tech is […]
Law Society Charts New Course in AI Governance with Triple-Pillar Strategy
Source: Legal Cheek The Law Society has unveiled an ambitious artificial intelligence strategy that could reshape how the legal profession adopts and implements AI technologies. The framework, structured around three fundamental pillars – innovation, impact, and integrity – arrives at a crucial moment when over 40% of lawyers are already incorporating AI into their daily […]
Building a Culture of Integrity: Lessons from Airbnb’s Former Chief Ethics Officer
Source: Above the Law In an era where corporate missteps can instantly become viral headlines, Robert Chesnut, former general counsel and chief ethics officer at Airbnb, offers a fresh perspective on transforming corporate integrity from a compliance checkbox into a strategic advantage. Breaking Away from Traditional Compliance Chesnut’s approach at Airbnb demonstrates how companies can […]
The Last Domino Falls: How Cleary’s Two-Tier Switch Signals the Death of Traditional Law Firm Structure
Source: Adam Smith Esq. The legal industry’s landscape is witnessing a historic transformation as Cleary Gottlieb, one of the last bastions of single-tier partnership, embraces the two-tier model. This shift marks more than just an organizational change—it signals the definitive end of an era in Big Law. The Numbers Tell the Story The statistics are […]
Biglaw’s 2025 Rate Hikes: The Great Pricing Puzzle
Source: Above the Law As 2025 approaches, general counsel are facing what can only be described as pricing whiplash from major law firms. Some elite firms are pushing for eye-watering rate increases exceeding 30%, while their equally prestigious peers are holding steady with no increases at all. “The market and variation is utterly bewildering,” says […]
The $2000/hr Paralegal Myth: A Wake-up Call for Legal Billing in the AI Era
Source: Above the Law When an AI executive claimed their technology could replace paralegals billing at $2,000 per hour, the legal industry collectively raised an eyebrow. The claim, while immediately dismissed by insiders, accidentally unveiled a deeper truth about the future of legal billing. Let’s address the obvious first: no paralegal bills at $2,000 per […]
AI in Law: Moving Beyond Hype to Practical Transformation
Source: Above the Law The legal industry’s adoption of AI has shifted from speculation to strategic implementation in 2024. With 75% of legal leaders now using generative AI tools, according to LexisNexis research, firms are seeing tangible results – including the reduction of document translation time from hours to minutes. Reshaping Legal Practice Today’s AI […]
Four Pillars for Successfully Implementing Legal Technology in 2024
Source: Above the Law The Foundation for Change The legal industry’s technological transformation demands more than just buying new software—it requires a strategic approach grounded in clear objectives and careful planning. While stakeholder alignment and leadership buy-in remain crucial across all organizations, the path to successful implementation follows four essential pillars that can adapt to […]
UK Legal Departments Pivot to Tech-Forward Budgeting for 2025
Source: Axiom The Recovery Trajectory After weathering severe budget cuts in 2023, UK legal departments are entering a period of strategic growth, with an overwhelming 79% of General Counsel (GCs) anticipating budget increases for 2025. This shift marks a decisive break from traditional approaches as legal teams prepare for an AI-driven future. Following widespread cuts […]