Artificial Intelligence and the Future of Legal Work and Pricing (Conan Hines - Fried Frank)

Off the Clock (Legal Value Network)

LVN Board Members Keith Maziarek and Justin Ergler discuss the integration of generative AI in legal services with Conan Hines, Director of Legal Technology at Fried Frank. They explore the challenges and ethical considerations of billing for AI-enhanced legal work, comparing it to traditional legal research costs. Hines highlights the potential for AI to streamline tasks, reduce costs, and improve efficiency, but notes the need for law firms to adapt their business models. They debate whether clients should bear the costs of AI investments and how law firms can communicate the value of AI to clients. The conversation also touches on the broader implications of AI on the legal industry, including the potential for mid-sized firms to leverage AI to compete with larger firms.