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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 law firms operate.
I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. Embrace Technology as Your Competitive Edge This one comes from anonymous. Whatever technology is applicable to your practice area, know it better than anyone else on your team. Or you can listen to the audio version in the player right here.
Lawyers who used to shun technology are now routinely interacting with it through plain language conversations. Last week, the second installment of The General Counsel Report 2025 dropped. A peer shared, Our law firms are permitted to use AI tools but cannot bill the firm for that work alone.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms 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 law firms to re-engineer their legacy economic model.
Speaker: Allison Mears, Adela Wekselblatt, and George Socha
Our experts will break down the role of AI in modern legal practice, explore how it simplifies everyday tasks, and provide actionable insights on how paralegals can embrace AI-driven tools to increase productivity and accuracy. This program qualifies for 1 CLE Credit hour under the following category: Technology CLE hours.
Across briefings, it became clear that legaltech vendors are no longer just layering AI onto existing products — theyre embedding it deeply into their platforms to surface meaningful insights from the data they already manage. The tool is designed to automate over 80% of review processes and complete them up to 90% faster than TAR.
In fact, Statista reports that global revenues from enterprise applications making use of AI are expected to increase by almost $30B by 2025. As luck would have it, the legal field is fertile ground for the benefits of AI technology. The Current State of AI Technology. Perceived Impediments. Conclusion.
Other challenges include cybersecurity concerns, difficulties with remote work, process workflow optimization, and the adoption of new technology. LPO is becoming more popular among businesses because it provides solutions to problems involving people, processes, and technology. Why Does LPO Matter? The market size says it all.
VoiceScript Ai.Law Elevator Pitch: Provides AI-generated litigation documents, from pleadings to discovery. We are the first AI-driven platform to focus specifically on drafting litigation documents. The substantial amount of time lawyers spend drafting documents during litigation. What makes you unique or innovative?
They slogged through documentreview, churned out first drafts, and otherwise served at the beck and call of their senior colleagues while drowning under the crushing weight of student loans. Alternative legal services providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks.
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