Linked – AI Will Save Lawyers Time – But Does Anyone Want That?
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Linked – AI Will Save Lawyers Time – But Does Anyone Want That?

If the number they quote in the article about gaining four hours per week is accurate, that’s a massive change. In the last few months, many people in the industry have mentioned fixed-rate billing. It’s been an option for law firms for a long time, but it’s only gotten slight traction so far. 

That might be about to change. Justifying the current economic model and investing in AI tools that save this much time will be quite challenging. The risks involved with “finding” more billable time are too high. I know; I’ve worked as a consultant before, and while it sounds great that finishing projects ahead of time frees you up to work on other projects, when those other projects don’t come in, you wind up short on your billable hour requirements and those tools that were supposed to make your work-life better, suddenly make it a lot worse. 

Linked – Sure, You’ve Got an AI Policy, But Is Everyone Following It?
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Linked – Sure, You’ve Got an AI Policy, But Is Everyone Following It?

You can say that users aren’t allowed to use AI without approval, but as the link above points out, they’re going to anyway. And why wouldn’t they? Most of them are stressed and overworked, and you’re telling them not to use a tool that could cut some of the time spent completing assigned tasks. 

Good luck with that. 

Linked – Law Firms Start Training Summer Associates on Using Generative AI
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Linked – Law Firms Start Training Summer Associates on Using Generative AI

I’ve been saying this to anyone who will listen to me rant about it. Your IT or Training and Development teams can only go so far when it comes to training for AI. We can do some training around prompting, show them where to click to enter a prompt, and even show them how to integrate the AI responses into their work. 

What we can’t do is help them judge the results and iterate their prompts based on the results. That requires expertise in your practice area. That can only come from other lawyers. It’s also the much larger learning curve for working with AI. 

Linked – Time Is A Management Tool, Not A Pricing Tool
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Linked – Time Is A Management Tool, Not A Pricing Tool

It’s been an issue before, but firms have always been able to work around the edges, limiting the impact those efficiencies had on their overall billable hours. This feels different. The entire point of AI tools is to create significant efficiencies across the business world. Not using them will end many client relationships. They won’t accept that level of inefficiency. On the other hand, a firm investing in AI technology does not get a return on investment if their revenue method is hours worked.

About Last Week
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About Last Week

When I look back on those years, it breaks my heart to know that half (probably much more!) of the people in our industry exist as some version of me in my teens and twenties because they don’t feel safe. On a very personal level, it makes me cry for all the pain and hurt out there that I wish others didn’t have to know so well. On a professional level, it hurts all of us. How much better equipped could we be for technology changes and the challenges of working in the legal industry if there weren’t so many women and men who felt the need to hide to feel safe? How much more successful could your organization be if all of these folks felt safe enough to stop hiding their talents and ideas? Leaders, what are you doing to ensure that everyone feels safe? Are you telling them how to hide themselves better, or are you creating a space where they don’t need to?

It matters to the bottom line, it matters in terms of career development, and it matters personally to far too many people who have their own stories to tell about their own experiences in and around our industry. Listen to them. Let it hurt you to hear their stories. Let it be heavy for you to learn the truth. Let that hurt turn into a determination to put an end to it.

Linked – For ‘Unhappy’ Law Firms, There’s Little Recourse From Fast Rising Legal Tech Prices

Linked – For ‘Unhappy’ Law Firms, There’s Little Recourse From Fast Rising Legal Tech Prices

With all the announcements from Microsoft Ignite about Teams Premium, SharePoint Premium, CoPilot, etc. these subscription costs are about to get even higher if firms want to keep up with technological changes.

And this will remain a massive problem: