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February 17, 2024 | Legaltech News

Beyond the Black Box: Unpacking Legal Tech Vendors' Gen AI Lingo

Data scientists and engineers unpacked some of the key terms used by legal technology vendors to describe their approach to generative AI, whether it be "customizing" models, "training" them or "fine-tuning." Though they're often used interchangeably, these strategies can vary significantly.
6 minute read
February 15, 2024 | The American Lawyer

Big Law Is Aggressive With Rates. Should Midsize Firms Follow?

As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
February 14, 2024 | Pro Mid Market

Should Midsize Firms Get More Aggressive About Rate Increases?

As Big Law keeps getting rewarded for pushing large rate hikes, analysts and consultants say midsize firms are leaving money on the table.
7 minute read
February 12, 2024 | The American Lawyer

Aggressive Rate Hikes, Head Count Management Helped Am Law 50 Squeeze Profits From Sluggish Demand in Q4

The Am Law 50 finished the fourth quarter with nearly 8% more fees worked than Q4 2022 despite a decline in demand, according to a new Thomson Reuters report.
3 minute read
February 06, 2024 | Corporate Counsel

'You Want to Be Oxygen': How Legal Departments Can Fix Their Isolation Problem

"If I'm going to be an obstruction, if I'm going to make your life more complicated, you're going to avoid me," said Mark Klein, general counsel of Burford Capital.
8 minute read
February 05, 2024 | Legaltech News

Legal Tech Rundown: The Product News You Missed From Legalweek 2024

An update on the legal tech market changes, from product launches to new acquisitions announced during and after Legalweek 2024.
6 minute read
January 31, 2024 | The American Lawyer

Big Law Rates Continue Rising, But Trail 2023 Increases So Far

The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read
January 29, 2024 | Legaltech News

The 2024 Legalweek Leaders in Tech Law Awards Winners Are Here!

Law.com and Legaltech News are proud to announce this year's winners for the Legalweek Leaders in Tech Law Awards, celebrating the achievements of law firms, in-house legal departments, providers and ALSPs leading the legal profession into the future through technology and innovation.
17 minute read
January 26, 2024 | Law.com

Where Are Big Law Billing Rates Growing the Fastest?: The Morning Minute

The news and analysis you need to start your day.
4 minute read
January 24, 2024 | Texas Lawyer

Dallas, Houston See Notable, Above-Average Billing Rate Increases

The going rate for partners in Dallas increased from $674 per hour in 2022 to $770, a roughly 14% jump. In Houston, associates saw a roughly 10% increase, with mean going rates increasing from about $477 per hour to about $525.
4 minute read

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