AI and a lawyer’s ‘duty to be efficient’
Listen now
Description
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. 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. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email [email protected] for more insights!
More Episodes
Wotton + Kearney has grown from half a dozen staff in one office to over 700 staff in 10 offices across three countries. Here, its chief executive partner discusses the BigLaw player’s growth strategy, recent Singapore expansion, sale of a minority stake to a private equity firm, AI and...
Published 05/17/24
Published 05/17/24
In this special episode of The Lawyers Weekly Show, produced in partnership with Naiman Clarke, we explore the shifting market dynamics that can and will impact how big, or small, lawyers’ salary rises might be in the new financial year and how to adjust expectations accordingly. Host Jerome...
Published 05/16/24