AI and a lawyer’s ‘duty to be efficient’
In the current climate, utilisation of new technologies is not about “sprinkling magic AI dust” on one’s existing practice – it’s about identifying efficiencies for clients whose expectations and demands are shifting with the times and making one’s firm fit for purpose, at a time in which competition is as fierce as ever.
In this episode of The Lawyers Weekly Show, host Jerome Doraisamy is joined by Stirling and Rose managing partner James Myint to discuss the value and meaning he derives from specialising in technology, having skin in the game in advising clients on tech advancements that his firm also looks at, the sister company his firm is launching, the need for smaller legal practices to invest in having multiple arms to the broader business, and how and why striving for efficiencies across the board is so essential for firms.
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Mr Myint also delves into the headline takeaways and implications from the tech evolution in recent times for law firms big and small, how practice methodology is shifting or being reinforced in the current climate, what it means to be competitive and what a law firm can and should look like in the age of artificial intelligence (AI), why the duty to be efficient has to underpin a firm’s response to all market challenges, and the questions that firms must be asking of themselves.
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