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Many top law firms see alternative providers as “threat to profession”
Tuesday, 13 September 2016Four in ten managing partners at leading law firms see alternative providers such as the Big Four accountants and insurers as the biggest threat to the legal profession, according to a survey published today. It also found firms more likely to see growth coming from investment in technology and hiring teams, rather than mergers.
Tags: lateral hires, merger, profit growth
Posted in Latest news, Market monitor
Blog
AI can interrogate your contracts – but are they ready for questioning?
Suppose a law firm wants to review a client’s entire real estate portfolio for risk in the leases. Not long ago, that meant a multi-week project. Today, first-pass answer can arrive in minutes.
Why onboarding has become a strategic priority for law firms
One of the most influential stages of the client journey – client onboarding – often receives less strategic attention than it deserves.
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
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