Balancing the Billable Hour in the AI Era: Industry Leaders Weigh In
In a recent ILA roundtable, legal industry experts explored the complex relationship between AI implementation and traditional billing models, revealing key insights about the future of legal service delivery. The Billing Paradox Balancing the Billable Hour in the AI Era: Industry Leaders Weigh In In a recent ILA roundtable moderated by Damian Priamurskiy of Lowenstein […]
AI in 2025: The Gap Between Ambition and Action
The AI landscape in 2025 presents a striking paradox: while business leaders overwhelmingly recognize AI’s importance to their bottom line, many lack structured plans for implementation. A recent Dentons survey of 450 business leaders reveals that 63% operate without a formal AI roadmap, despite 74% viewing AI as crucial for revenue protection. The Investment Surge […]
Running Legal Departments Like Business Units: A Strategic Evolution
Source: Thomas Reuters In today’s corporate landscape, general counsel are transforming their departments from cost centers to strategic business units. This shift reflects the growing pressure to demonstrate value while managing costs effectively. The Business Approach to Legal Operations The key to running a legal department like a business lies in three core areas: “The […]
The Transformation of Big Tech’s Legal Leadership
Source: Bloomberg Law Apple’s General Counsel Katherine Adams earned $27.2 million in 2024, highlighting how in-house counsel roles have evolved beyond their “lifestyle job” reputation. Since joining in 2017, Adams has sold $140 million in Apple stock while retaining $42.4 million in shares. “In-house responsibilities have increased in scope and complexity exponentially,” Adams said at […]
Board Assessments 2025: Best Practices from Corporate Governance Experts
Source: Governance intelligence A recent panel at Governance Intelligence’s Corporate Governance Forum in New York provided valuable insights into board assessment planning for 2025’s proxy season. The discussion revealed key considerations for corporate secretaries and governance professionals. Timing and Preparation Jessica Olich, Equitable’s head of governance and associate general counsel, recommends starting preparations in fall. […]
Law Firm Giants: The Growing Concentration of Legal Power
Source: Adam Smith Esq. A recent analysis of AmLaw 100 data reveals a striking trend in the legal industry: big law firms are capturing an increasingly larger share of the market. The announcement of Herbert Smith Freehills’s (HSF) merger with Kramer Levin brings this trend into sharp focus. The Numbers Tell the Story The concentration […]
Transforming Corporate Integrity: Beyond Compliance to Culture
Source: Above the Law, Harvard Business Review In today’s business landscape, where corporate decisions face unprecedented scrutiny, legal leaders are emerging as architects of ethical transformation. Leading this charge is Robert Chesnut, former General Counsel and Chief Ethics Officer at Airbnb, who offers a fresh perspective on turning integrity from a compliance requirement into a […]
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 […]