In his book, The Speed of Trust: The One Thing That Changes Everything, Stephen M. R. Covey writes of a theoretical tax that is imposed in low trust environments—what he calls the “trust tax.”
There’s nothing fake about it. The legal industry is facing a big problem with deepfakes. Courtrooms are not yet flooded with a tsunami of deepfake evidence, but with this artificial intelligence-generated technology playing with great success on social media and in fraud schemes, it’s only a matter of time before deepfakes regularly drop into the exhibit list.
Artificial intelligence isn’t replacing lawyers, but it is transforming how they work. From contract review to litigation strategy, firms are figuring out where AI adds value and where it falls short, according to the 2024 Legal Technology Survey Report just released by the ABA.
Updated: A business development manager alleges that Reed Smith misclassified her employment status, enabling the law firm to avoid paying overtime for work weeks that often stretched to 90 hours in length.
Adding a wrinkle to the debate over remote work is new research suggesting that hybrid schedules can increase productivity. In a study published in June, employees who work from home for two days per week were found to be just as productive and as likely to be promoted as their in-person colleagues. In addition, employees with hybrid schedules were less likely to quit.
Lawyers of the future already are leveraging AI to find unmet legal needs and grow their businesses. They use AI to not just do things better, but to do better things.
Ari Kaplan recently spoke with Shashank Pande and Rachita Maker, the co-founders of Ekamm8, a new forward-thinking legal innovation and consulting company.
Updated: “Tomayto,” “tomahto”—what’s in a name? In the legal field, the distinction between an attorney and a lawyer could be a big deal, despite the fact that few attorneys or lawyers even know the difference.
As you gear up for a productive 2025, check out our Mind Your Business advice from the past year. Mind Your Business, which launched in 2020, is a way for legal professionals to offer each other practical practice advice.
Ari Kaplan recently spoke with the following CEOs in his annual Ari Kaplan Advisors CEO roundtable about the opportunities of 2024 and the expectations for an industry in perpetual change in 2025.
