Legaltech Week 01/03/2025: Our biggest episode of the year: 2024 Recap and 2025 Predictions
Jan 9, 2025
Join Greg Lambert, an advocate for legal tech knowledge, Niki Black, a strategist for legal insights, and other industry experts as they reflect on the transformative year of 2024. They explore the significant trends in legal tech, including the rise of AI applications and startling funding rounds. The discussion reveals that client engagement has worsened, raising concerns for 2025. From a mix of humor to serious predictions, the panel highlights the evolving landscape of legal technology and the challenges ahead.
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Overhyped AI Legal Research Tools
- The Stanford report on AI legal research tools highlighted vendors overhyping capabilities and downplaying limitations.
- This led to more realistic evaluations of these tools' effectiveness.
AI and Flat Fees
- AI tools will likely push the legal industry towards flat-fee models by reducing billable hours through automation.
- Despite years of discussion, flat-fee adoption remains low among large law firms.
AI for Self-Representation
- Self-represented litigants are increasingly using generative AI for legal tasks like drafting documents and gathering evidence.
- This trend highlights the growing impact of AI on access to justice, even outside traditional legal representation.