How AI is Enabling Law Firms to Adapt to Value-Based Pricing
https://www.law.com/legaltechnews/sites/legaltechnews/2018/01/10/how-ai-is-enabling-law-firms-to-adapt-to-value-based-pricing/
Short, but thought provoking, article exploring how law firms are already using artificial intelligence. The article has an interesting subsection that considers why law firms are resistant to adoption of AI. Good read.
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“[I]t is no surprise that the legal industry has been more hesitant than others—such as retail, manufacturing, finance—to embrace artificial intelligence (AI) when improving business efficiencies such as e-discovery, e-billing and business modeling platforms.
But a recent significant power shift in the relationship between law firms and their clients has prompted lawyers to re-evaluate this overly cautious approach. Clients are demanding answers that the current systems in place are not capable of providing.”
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