Gavel’s Post

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Behind a paywall so can’t/won’t read it — but I’m guessing the #BigLaw “gain” from slow AI adoption is billable hours — and yes, that IS the problem. Fron the customer POV, when you pay by the hour for service, you buy hours not service. Time to move to #DeliveredValue E3 models based on Effectiveness, Efficiency & Experience

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Transforming Legal Services: How Holding Redlich Leverages AI for Innovation 🚀 One of Australia’s top law firms Holding Redlich, integrated Lexis+ AI into its workflow to streamline legal work. The results? A research task that once took 4.5 hours now takes just 35 minutes! Lexis+ AI has become a game-changer for Australian lawyers, saving time, improving efficiency, enabling them to focus more on strategic outcomes. Discover how AI is shaping the future of legal work at Holding Redlich here: https://ow.ly/NOir50TJmmC Keren Smith

"What Does Big Law Stand to Gain From Slow AI Adoption?" by ALM What is the basis of the premise here of slow GenAI / #LLM adoption in large law firms? I have many conversations with #BigLaw firms and I see #LLM investment, money + time, that exceeds any other #LegalTech that I've seen in >3 decades. No one in those conversations suggests that a rate limiting factor is the billable hour model. Rather, the limits are identifying consistently useful practice use cases and output reliability. And those limits are not slowing down testing and trying new ideas. Also, a SKILLS.law survey in the Fall found a high percentage of firms experimenting with GenAI, including some #BigLaw firms testing multiple models. Other surveys have comparable findings. https://lnkd.in/eEzxtAnw

Legal is a buyer's market but the buyers don't know it. Corporate Legal Departments and other consumers of legal work from law firms don't understand that the change and the sense of urgency needs to come from the buyer side. Law firms have no incentive to change the pricing models because what they have been doing for decades keeps working. One of two things need to happen for the billable hour to lose its grip as the primary pricing structure for legal work. 1. PPEP and Revenue stagnate or crash for the next few years. (Spoiler Alert, both have only ever grown since the great recession!) 2. Clients push back and lead the charge or partnering with their law firms in finding better ways to value and price this work. Which option would you take?

In case you missed it, ShiftSixOS hosted a webinar with the awesome Jared Correia about how to streamline legal tasks. Jared may have been feeling under the weather when this was recorded, but he still put on a kick-ass webinar! In this webinar, Jared and Bryan Figueroa discuss: - Insights into the best AI tools for law firms - The role of AI in decision-making and strategic planning - Key strategies for refining law firm workflows - And how to optimize time and resource management Watch the recorded webinar on ShiftSixOS's blog here: https://lnkd.in/gZ_6-K-2 And give us a follow if you want to be informed of future webinars like this one! #shiftsixos #legalwebinar #legalstrategy #aiinlaw #aistrategy #strategicplanning #resourcemanagement

AI is reshaping the way law firms handle documents. 📄🔍 PageLightPrime, powered by Microsoft Copilot, is revolutionizing document profiling by automating tasks like tagging, classification, and organization. This AI-driven tool ensures consistency, scalability, and accuracy, reducing errors and boosting efficiency for legal professionals. By automating routine tasks, lawyers can focus on higher-value activities, making AI a low-risk, high-reward investment for law firms. What are your thoughts on the future of AI in legal document management? #LegalTech #AIinLaw #DocumentManagement #LawFirmEfficiency #AIAutomation #LegalInnovation #LegalDocumentManagement #FutureOfLaw

AI Takes the Burden Off Document Profiling in Law Firms Automating document profiling allows law firms to offload time-consuming tasks like document tagging and classification. AI technology ensures speed and accuracy, allowing lawyers to focus on strategic legal work. The result is a more efficient, scalable, and consistent process. #LegalAutomation #AIEfficiency #LawFirmTech #DocumentManagement #LegalInnovation

Maximizing Law Firm Performance with AI-Driven Document Profiling With AI automating the profiling of legal documents, law firms achieve faster results and improved accuracy in handling large file volumes. AI tools ensure that documents are tagged and categorized correctly, boosting both productivity and the ability to scale as file volumes grow. #AIandLaw #LegalDocumentAutomation #EfficiencyInLawFirms #DocumentManagement #AIFutureLaw