Big Law: Mixed Performance and Shifting Power

On this week’s episode, David Lat, Lawyer, Founder and Sole Writer of Original Jurisdiction, joins host Seth Colaner to share his expertise on the convergence of artificial intelligence and the legal profession. With a discerning eye on both the potential and pitfalls of technological adoption in legal practices, David draws from his varied experiences and delivers vital insights into the current and future implications of AI in law.Key Takeaways:(01:38) Revenue for big law firms is steady, though performance varies widely between firms.(03:00) Law firms are slowly adopting new technologies, though resistance remains.(08:42) Document automation rises as billable hours decline.(13:03) AI generates excitement but faces skepticism and ethical concerns.(18:17) Lawyers should match AI to the level of risk.(22:09) Take chances on new ventures — you can always go back.Resources Mentioned:David Lat - https://www.linkedin.com/in/davidlat/Original Jurisdiction - https://davidlat.substack.com/This episode is brought to you by Tonkean.Tonkean is the operating system for business operations and is the enterprise standard for process orchestration. It provides businesses with the building blocks to orchestrate any process, with no code or change management required. Contact us at tonkean.com to learn how you can build complex business processes. Fast.#Operations #BusinessOperations