Comments on: Will legal tech doom the billable hours model for law firms?

By: Auntie

Auntie — Fri, 10 Feb 2023 21:44:00 +0000

Good thought provoking article. There is a third model which could really benefit for the legal tech and they are the legal aid firms with fixed fees who have to minimise their costs just to survive. Those producing and selling the legal tech however gear their products and sales towards the billable hours firms where they believe the money is. Cars may have replaced horses and wagons but they cost a packet when first introduced. However just as people realised once upon a time that a horse pulling a wagon was inefficient and not value for money clients will question the billable hours model and charges and query why more mundane tasks cannot be done by legal tech. Legal tech should be able to make inefficient legal tasks more efficient. If it did lawyers and Clients would benefit and the prices for the legal tech would come down.

By: Mark

Mark — Wed, 19 Oct 2022 20:06:06 +0000

In reply to nick. When the tech gets professional indemnity insurance, let us know. That's what they're paying for: expertise combined with the ability to sue us when it goes wrong. That's why complicated matters don't get dealt with in house.

By: nick

nick — Wed, 19 Oct 2022 08:35:51 +0000

In reply to Ex legal rec. Ex Legal Rec - your perspective is warped. Think from the perspective of the client, not the lawyer. Its not the lawyers who will use tech to make their jobs easier. Its clients that will use tech to replace their lawyers.

By: Ex legal rec

Ex legal rec — Wed, 19 Oct 2022 06:08:53 +0000

There is no excitement around legal tech, and certainly not enough to reach “dizzying heights”. Lawyers are unimaginative and risk-averse with an instinctive preference for the familiar and therefore safe. Why else would they be lawyers?

By: Nick

Nick — Tue, 18 Oct 2022 18:01:04 +0000

The real power of legal tech is not to make inefficient legal tasks more efficient.

You can’t look at it from the perspective of which of your trainee and associate jobs will be replaced by a robot or ai.

It’s power is in the ability to circumvent the doing of certain legal tasks completely. We didn’t evolve to using robot horses to pull out wagons. we built cars.

By: Disgruntled

Disgruntled — Tue, 18 Oct 2022 15:57:09 +0000

Have yet to see a good legal tech product. Therefore, it’s very doubtful.

By: AI this AI that

AI this AI that — Tue, 18 Oct 2022 15:46:42 +0000

Based on the number of buzzwords and misunderstandings of the legal sector, I feel like I just entered a legal tech conference.

By: Warren Buffet

Warren Buffet — Tue, 18 Oct 2022 12:22:09 +0000

Economics 101. If it don’t make money, it don’t make sense.

By: Anon

Anon — Tue, 18 Oct 2022 10:42:06 +0000

No. Firms make too much money off it to willingly drop it lol.