credit: Summit Art Creations/Adobe Stock The Most Profound Innovation: AI's Impact on the Business of Law
"Bottom line, if firms fail to adjust their billing models to reflect the increased productivity enabled by AI, they risk lower margins per case," according to Mike Suchsland.
October 21, 2024 at 10:12 AM
7 minute read
Artificial Intelligence
The legal industry is on the brink of a profound transformation driven by the deployment of AI at scale. In addition to transforming the practice of law, AI is set to also completely redefine the economic and operational models of law firms, challenging long-standing practices and necessitating a strategic reevaluation of how legal services are delivered and priced.
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