InfoTrack US’ Post

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

"As Big Law’s relationship with generative artificial intelligence hits a yellow light at the intersection of caution and optimism, some in the legal tech community question how much of the caution is motivated by commitment to a profitability model dependent on high leverage and hourly billing." "Law firms’ slow adoption of generative AI may not be consciously self-serving but there are financial incentives to maintaining a business model based on hourly billing, said eDiscovery AI founder Jim Sullivan." I thought that the financial crisis of 2008 would spell the doom of most large law firms. The increase in their rates and profitability since then prove how little I knew. In the last decade I made the transition from client (General Counsel) to private practice. I've purposely chosen platforms that can provide more value in terms of rates. What I have found is that for most mid-size and large companies, legal fees are like the weather. Everyone complains about it, but no one can do anything about it. Without client pressure I suspect that the best AI can do is "bend the curve" on legal fee increases. Everyone thought that direct editing of documents by attorneys and email would reduce drafting costs. Instead, lawyers endlessly revise documents in a way they never would have in the age of typewriters and dictation.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.

As AI moves from a question of "what" to "how," inhouse counsel wrestle with issues like: -How do I comply with AI laws? -Should I commit to voluntary standards? -How do I vet my vendors? -How do I get my board on board? -How can AI make my job easier? Check out this special report from the Bloomberg Law News team-- best team in legal news!--and then reach out so I can show you all the cool tools on Bloomberg Law that will help you in the AI journey.