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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how lawfirms operate.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why LawFirms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legal services are delivered and will force lawfirms to re-engineer their legacy economic model.
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I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. ” Years ago, when I was doing management consulting with lawfirms, an attorney told me something I’ve never forgotten. And you don’t need to be a tech genius to master these tools – you just need the right training.
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