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16min chapter
09/20/2024: The Shrinking Ownership of Law Practice Management Technology, Midlevels hate law firm tech, and more
Legaltech Week
Evolving Legal Tech and AI Impact
This chapter explores the changing landscape of law practice management technology, focusing on how smaller firms are adapting to AI innovations and alternative pricing models. It discusses the shift away from traditional billable hour practices towards flat fees and the challenges posed by outdated systems in the insurance industry. Additionally, it examines the ethical implications of Generative AI in law, emphasizing the need for lawyers to recalibrate their billing strategies in light of increased efficiency.
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