{"id":198148,"date":"2024-10-23T00:23:02","date_gmt":"2024-10-23T05:23:02","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/10\/genai-surges-in-law-firms-will-it-spell-the-end-of-the-billable-hour"},"modified":"2024-10-23T00:23:02","modified_gmt":"2024-10-23T05:23:02","slug":"genai-surges-in-law-firms-will-it-spell-the-end-of-the-billable-hour","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/10\/genai-surges-in-law-firms-will-it-spell-the-end-of-the-billable-hour","title":{"rendered":"GenAI surges in law firms: Will it spell the end of the billable hour?"},"content":{"rendered":"<p><\/p>\n<p><iframe style=\"display: block; margin: 0 auto; width: 100%; aspect-ratio: 4\/3; object-fit: contain;\" src=\"https:\/\/www.youtube.com\/embed\/Mx74MZnPIj4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope;\n   picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>\u201cThere\u2019s way more piloting that I\u2019ve seen, especially in large law firms. So, there\u2019s been a lot of expense, especially the allocating of staff and paying out of pocket for licensing fees,\u201d Friedmann said.<\/p>\n<p>\u201cPart is keeping up with the Joneses, part of it is marketing, and part of it is just getting over the adoption challenges,\u201d he continued. \u201cIn eDiscovery, before the advent of genAI, you needed some training to know how to interact with discovery database. There were a lot of tools, but they all had the same issue: You had to be pretty technically adept to tackle the database yourself.\u201d<\/p>\n<p>Law firms and corporate legal departments are adopting genAI for a myriad of purposes, ranging from document discovery and analysis to contract lifecycle management. GenAI can be used to categorize and summarize documents, draft new ones, and generate client communications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThere\u2019s way more piloting that I\u2019ve seen, especially in large law firms. So, there\u2019s been a lot of expense, especially the allocating of staff and paying out of pocket for licensing fees,\u201d Friedmann said. \u201cPart is keeping up with the Joneses, part of it is marketing, and part of it is just getting over the [\u2026]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1496],"tags":[],"class_list":["post-198148","post","type-post","status-publish","format-standard","hentry","category-law"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/198148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=198148"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/198148\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=198148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=198148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=198148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}