Dossier
Big Law
Coverage of Big Law in the Nexus archive.
Cooley CEOperson1AItopic1billable hourtopic1legal industrytopic1value-based pricingtopic1client outcomestopic1Law firmsorganization1Artificial intelligencetopic1David Freeman Engstromperson1Tiffany J. Tuckerperson1University of Houston Law Centerorganization1A&O Shearmanorganization1Harvey (AI tool)organization1Clifford Chanceorganization1
- Cooley CEO: Big Law won’t survive if it treats AI as just an efficiency tool
Cooley CEO argues that Big Law firms cannot survive by viewing AI solely as an efficiency tool. The legal industry faces disruption as AI challenges traditional models like the billable hour, requiring firms to prioritize client outcomes and value-based pricing over time-based billing.
- AI threatens Big Law's talent pipeline
AI is disrupting entry-level legal jobs, threatening Big Law's talent pipeline as firms adopt AI tools for tasks like research and document review. While some experts warn of a talent crisis, others argue AI may create new roles requiring technical skills, altering the path to partnership in law firms.