Legal Innovation Spotlight The Gig Is Up: Why Law Firm Resistance to Technology Won’t Work Anymore with Lev Loukhton
Sep 24, 2025
Lev Loukhton, a legal tech investor and former M&A partner with over 20 years of experience, discusses the transformative impact of AI on the legal profession. He highlights how AI can enhance due diligence and streamline transactional work, enabling firms to meet client demands effectively. Lev also addresses cultural resistance within law firms, the importance of experimenting with risk, and the growing trend of clients utilizing AI to bypass delays. He emphasizes the need for firms to adapt their pricing models and embrace administrative automation for better client service.
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AI Matches Junior Associate Work
- Modern AI tools can perform junior- and many mid-level associate tasks with speed and accuracy that rival human teams.
- Lev Loukhton says due diligence can now be delivered in hours instead of weeks by large associate teams.
Custom GPT Role-Played Hiring Advice
- Ted trained a custom GPT with his company's docs and role-played hiring scenarios to avoid non-compete risk.
- The model wrote a job description and placed the role in the org chart, saving time compared with briefing an external lawyer.
Experienced Partner Learned New Questions From ChatGPT
- A senior capital markets partner used ChatGPT to draft management interview questions and found most were on point.
- He discovered two or three useful new questions that even an experienced lawyer had missed.