Tag Archives: Legal Futures

Study Correlates Fixed Fees with an Entrepreneurial Approach to Practice

A 2016 study by LexisNexis, reviewed by Neil Rose in an article in the UK online publication Legal Futures, found that small firms (fewer than 20 fee-earners) that offered fixed-fee billing to clients were frequently ones that could be described as “entrepreneurial” for other reasons. In contrast to firms of comparable size they were, for example, … Continue Reading

Report warns that traditionally structured law firms could fall behind within a decade

A February 2016 “Insight Report” from Deloitte takes a close look at the future of the practice of law in the UK, and urges firms to make plans immediately to prepare for changes that are likely to upend the entire profession within a decade. “Indeed, by around 2020,” says the report, “we expect a tipping point for firms which will impact … Continue Reading

Your Near-Future Legal Assistant: the Robot

Fresh from defeating its human opponents on Jeopardy, IBM Watson has now begun to demonstrate its artificial-intelligence capacities in the real world. Watson and its counterparts are already being used in such fields as medicine, education, security and defense intelligence, and now work is underway to develop “brand new baby versions of Watson” that will be suitable for use in legal settings. At a … Continue Reading
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