Could you expand on why law firms which wait too long to adopt AI will lose out?
AI has the power to vastly improve project execution be it from a time, cost or ‘accuracy’ standpoint. This in turn enhances a law firm’s value proposition and as such improves their chance of winning business.
In the first instance AI may be seen as a differentiator in a world of relatively homogenous service offerings.
Richard Belgrave, UK Managing Director of LEVERTONAlso, as is especially true...
Firm Leaders Predict Modest Growth in Second Half of 2016
Most law firm leaders expect demand for their services to increase by less than 5 percent in the second half of 2016, according to a report released Thursday by Citi Private Bank's Law Firm Group. The majority of those surveyed predicted that net income would grow, but not as much as revenue, suggesting that firms are also forecasting an increase in expenses.
Only 8 percent of the 155 law firm executives surveyed...
One of the country’s biggest law firms has become the first to publicly announce that it has “hired” a robot lawyer to assist with bankruptcy cases. The robot, called ROSS, has been marketed as “the world’s first artificially intelligent attorney.”
ROSS has joined the ranks of law firm BakerHostetler, which employs about 50 human lawyers just in its bankruptcy practice. The AI machine, powered by IBM’s Watson technology, will serve as a legal researcher for the firm. It will...
A new Texas Lawbook study of legal industry finances in Texas shows that elite, wealthy corporate law firms – most of them based outside of the state – are achieving enormous financial success by stealing the best lawyers and the highest paying business clients away from large, full service legacy Texas law firms.
At the same time, dozens of national and regional law firms, including many that focus on upper middle market corporate clients in the healthcare, manufacturing, retail, technology...
You have to take your hat off to Dentons.
Not content with growing to become the world’s largest law firm, it has now launched a new online site to connect lawyers and drive referral business.
Named Nextlaw Global Referral Network, Dentons said in announcement that the new technology platform will allow member law firms to easily connect and track referrals.
Dentons currently refers work to almost 1,000 firms, and picked up 500 inbound referrals in 2015, making it the largest law firm...
When Jeopardy superchampion Ken Jennings fell to IBM’s Watson, a chill fell over the ranks of white-collar professionals who saw the cold, merciless grip of technology tightening its grip around their hearts just as surely as the steam hammer did in John Henry. Lawyers in particular recognized that the slayer of the Jennings dragon wasn’t destined to stalk syndicated television, making Alex Trebek’s contestant chit-chat, almost improbably, more stilted and awkward. No, Watson was coming for our jobs.
As...
Here are his three keys:
1. Advocates should use deep issues — that is, multisentence issue statements ending in a question mark by the 75th word. The one-sentence issue should be banned.
This might diverge from what you learned in your legal writing class in law school. But it is, as Justice Scalia put it, Garner’s “greatest contribution to advocacy.”
According to Garner, the key thing in a case is to frame the issues properly. Yet many lawyers frame issues in a way that’s just...