Watch the YouTube version of this episode HERE
Are you a firm owner looking for ways to integrate AI into your business? In this episode of the Maximum Lawyer Podcast, Richard interviews Hamid Kohan, founder of Law Practice AI, about the rapid impact of AI and technology on law firm operations. Hamid introduces his three-part power model and discusses how these elements are transforming legal staffing, operations, and profitability.
Hamid shares his three-part power model and how it can change hiring for firms. The model includes ⅓ local staff, ⅓ virtual staff and ⅓ AI. Including some of each can really transform a law firm and allow operations and staffing to benefit from aspects that might seem very different. Virtual staff can cut down your costs and AI can allow you to figure out ways to take some work away from busy local staff and simplify it.
There are areas of a firm that would thrive using AI. AI can supplement what is going on and shift people into more customer facing roles where they are helping clients. Roles like legal assistance, document collections and document summaries can benefit from the use of AI. These do not really require much human interaction, so these areas can be streamlined and made to work in a way to benefit a firm.
Listen to learn more!
- 2:12 Defining the three part power model
- 4:29 The vision for an AI law firm operating system
- 13:13 Reasons for the law field’s slow tech adoption
- 40:12 Advice to start new AI-driven law firms
- 46:58 Areas of a firm that would thrive using AI
Tune in to today’s episode and checkout the full show notes here.
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Resources:
