Law Firm Management

LexisNexis CEO Sean Fitzpatrick recently made a jaw-dropping prediction that lawyers leveraging AI could charge up to $10,000 per hour within the decade. He says 39 percent of private practice lawyers now expect to adjust their billing practices due to AI, up from only 18 percent in January 2024. 

The tension between skyrocketing rates and fundamental business model changes creates the perfect storm for the legal industry with the onset of AI tools.

Tom Borman, LawFuel contributing editor There is more being written about AI and legal tech developments in the law than ever and as the pace of words continues its onslaught, the key emerging realism is that law firms are rapidly changing in the services they offer and the way they are delivered. Legaltech developments and

A Lull In Law Merger Activity In the evolving landscape of legal practice consolidation, the first half of 2024 has witnessed a subtle yet notable shift in merger dynamics among law firms. While the overall number of completed mergers has marginally increased, the landscape for large-scale combinations remains relatively quiescent. According to recent data from