Is AI really the answer to higher profit margins for the modern law firm?
The answer is both "Yes and No." According to recent research by The Law Society & LEAP, the most promising path to greater profitability is through "human-nuanced" adoption of AI tools (e.g., case management systems, document automation, etc.).
While the human aspect of practicing law will never be completely replaced by AI; however, automation of time tracking or using an AI-based legal research tool will greatly impact your firm's ability to work more effectively.
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