Deloitte Legal’s new survey reveals the continuing gap between what legal departments want and expect from outside counsel when it comes to AI and what they are getting.
Legal departments will be insourcing more and demanding lower fees from law firms.And alternative ways to price and value legal services in the age of AI. Billable hours and leverage, the mainstays of law firm revenue may no longer supply the riches many firms have enjoyed.
And law firms are not ready for the “seismic” change that’s about to occur.
Here is my post for Above the Law