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Tech firms weigh the future of legal AI

National Law Review examines the effect of AI-powered tools in the legal sector after surveying a number of leaders in the tech industry on issues such as whether AI will replace lawyers, what the adoption of AI means for the billable hour model, and other questions. Scott Stevenson, CEO of legal AI company Spellbook, says: “We see almost no hesitation from the small and mid-sized law firms we serve. Larger law firms are secretly hesitant due to the billable hour.” Daniel Lewis of LegalOn Technologies added: “Law firms are hesitant to adopt AI over risk and liability concerns — accuracy and client confidentiality matter most. They need professional-grade AI that is accurate and secure.” He advises that if that issue can be solved, “immense value” for both firms and their clients will result.

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