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22min chapter
53 - Strategies for the Modern Lawyer Amid the Legal Technology Revolution with Richard Tromans
Legal Innovation Spotlight
Navigating Change in the Legal Sector
This chapter explores the rigidities of the legal business model, focusing on the resistance to new technologies and the hierarchical dynamics that shape the industry. It examines the historical context of the billable hour, critiques current pricing models, and highlights the challenges faced by legal tech startups in achieving growth. Furthermore, the chapter discusses the increasing influence of external entities and the generational divides regarding adaptation in the legal profession.
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