FOLLOW THE MONEY. If anyone at your firm is still not feeling threatened by ALSPs (and the burgeoning strength of in-house legal departments, and AI), drop into your next conversation that the PE firm with controlling interest in LegalZoom (valuation = $2 billion), just obtained controlling interest in Axiom (or at least what is arguably

  • Predictive analytics are going to be huge in the business (and practice) of law. This is my favorite example so far. “DLA Piper brought in Axiom Consulting Partners to assist in building a predictive-learning model that predicted with 75-80 percent accuracy those clients that will shrink or go dormant in the next year.” Check out

  • Thompson Hine has commissioned this report, “Closing the Innovation Gap.” It’s a methodologically sound survey of almost 200 in-house folks regarding their desire for innovation in legal services and what they’re getting from outside counsel. Spoiler alert: they’re not thrilled. The report is nicely illustrated with infographics and includes a bare minimum of self-promotion.

  • Surveys of in-house legal departments recently released by CLOC (Corporate Legal Operations Consortium) and Altman Weil underscore the threat that alternative legal service providers (ALSPs, e.g., Axiom and Elevate) pose to traditional law firms. AI permeates the world of ALSPs and its influence is growing.
  • Above the Law is very excited about the idea

  • Law firms face threats to their revenue streams from: 1) smarter in-house counsel, 2) other law firms who “get it” re AI and Alternative Fee Arrangements (AFAs), and 3) Alternative Legal Service Providers (ALSPs). In each case, AI can enable those competitors to provide legal services better, faster and cheaper than traditional law firms. Many

  • AI is already doing a lot of journalistic writing of clinical reports, sports stories, financial reports and the like. They’ll be moving into law firm “content marketing” before you know it. Here’s some good background as to how it works and where it’s headed.
  • The thesis of this article is:

“AI has not yet

  • This lengthy article from Professor Jeffrey M. Lipshaw of the Suffolk University Law School presents some very fresh thinking about the uses and limitations of AI in law (i.e., “Deciding and Acting Under Uncertainty”). Specifically, the author discusses the inability of AI to make decisions when complete data is not available versus humans’ ability to