Thomson Reuters Legal Solutions’ Post

Are We Approaching Peak Big Law? As AI tools and hybrid law firms promise to perform complex legal work at a fraction of the usual cost, one question resounds: are we approaching peak Big Law, i.e. has the half-century old model finally entered its final days? AL explores the $1 trillion question. > LINK: https://lnkd.in/eZyUSHfm #legaltech #legalAI #peak? #BigLaw

Get more time to do the things you love doing. From legal research to case management, AI is transforming the way law firms work by simplifying time-consuming, repetitive tasks. With LEAP’s AI-powered tools, administrative burdens are reduced, enabling you to focus on what matters most: delivering exceptional legal services. Embrace technology that supports your expertise — not replaces it. Find out how you can save 2 hours a day https://ow.ly/qBec50WKhf7 #LegalTech #AIinLaw #LEAP #LawFirmEfficiency #FutureOfLaw #LegalInnovation #WorkSmarter

AI tools match or exceed human lawyers in a new contract drafting benchmark study, showcasing advancements in legal technology and potential efficiency gains in law practices worldwide. #ArtificialIntelligence #LegalTech #ContractDrafting #Innovation #InformaConnectAcademy

AI company Superpanel raises $5.3M seed to automate legal intake and transform how law firms onboard new clients. 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀 𝘃𝗶𝘀𝗶𝘁 ➜https://lnkd.in/eX6JbTFJ

We’ve built tools that let lawyers: Summarize 100-page contracts Highlight risky clauses Find relevant precedents The value isn’t “AI lawyers.” It’s saving hours on admin so humans can focus on judgment. #LegalTech #AIForLaw #SmartContracts #AIProductivity #MkaitsTechnologies

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A recent study reveals that 46% of large law firms, those with over 100 attorneys, have integrated AI tools into their practice. This adoption is transforming areas such as discovery and case strategy, signifying an important step towards gaining a competitive edge in the legal industry. For mid-size and boutique firms, this highlights the importance of developing strategies to keep pace with larger firms already leveraging AI technology. Learn more at https://lnkd.in/gV7pafTu. #ai #law #lawfirms #BigLaw #LegalTech #LawFirmStrategy #AIinLaw #CompetitiveAdvantage #LawPractice

A really interesting read! It's clear that even as AI advances there will always be value in the human judgement required for law. AI can support our work, but the critical thinking, empathy, and contextual understanding we develop will always be at the heart of legal practice. On top of that, skills like digital literacy and the ability to effectively interpret and apply outputs will be key to working successfully alongside AI technology. Instead of viewing AI as a threat to the legal profession, we should instead embrace it as a tool to take our work to new heights.📈

Law firms are already testing graduates on their AI skills, and outdated tasks will soon disappear. The future belongs to firms that combine legal technology with human-to-human connection, using freed-up time to build deeper client relationships. Those who adapt now will unlock higher-value work, stronger referrals, and long-term growth. 🎙️ Robert Hanna Dive into the full episode now → https://lnkd.in/guXnrd6j #artificialintelligence #legaltechnology #futureoflaw #lawfirms #aileadership #digitaltransformation #businessgrowth #futureofwork #legalinnovation #entrepreneurmindset #professionalservices #clientrelationships #aiforbusiness #lawpractice #futureproof

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