How technology is (or is not) transforming law firms
In this review, we explore the impact of technology on US and UK law firms, focusing in particular on the recent machine learning wave of artificial intelligence. Technology has not so far ushered the end of law firms as we know them. Adoption of artificial intelligence/machine learning is in its ea...
| Auteurs principaux: | , , |
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| Format: | Journal article |
| Langue: | English |
| Publié: |
Annual Reviews
2023
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| _version_ | 1826312753988501504 |
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| author | Rodgers, I Armour, J Sako, M |
| author_facet | Rodgers, I Armour, J Sako, M |
| author_sort | Rodgers, I |
| collection | OXFORD |
| description | In this review, we explore the impact of technology on US and UK law firms, focusing in particular on the recent machine learning wave of artificial intelligence. Technology has not so far ushered the end of law firms as we know them. Adoption of artificial intelligence/machine learning is in its early stages in the sector, and its impact has been constrained by the scope of use cases for which it is so far well-suited. Technology is nevertheless transforming law firms, in the sense of leading to material changes to their current forms, in the following novel ways: (a) deployment not only in the back office but in the front office, affecting lawyers’ core tasks of advising clients; (b) opportunities for lawyers to pursue alternative career paths with different skill sets across the profession; and (c) emerging options for law firms to adopt business models creating value from nonhuman capital and nonlegal human capital. |
| first_indexed | 2024-04-23T08:25:19Z |
| format | Journal article |
| id | oxford-uuid:3dbc3af9-d426-4372-9e5f-ff4b574fc691 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-04-23T08:25:19Z |
| publishDate | 2023 |
| publisher | Annual Reviews |
| record_format | dspace |
| spelling | oxford-uuid:3dbc3af9-d426-4372-9e5f-ff4b574fc6912024-04-15T16:23:01ZHow technology is (or is not) transforming law firmsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:3dbc3af9-d426-4372-9e5f-ff4b574fc691EnglishSymplectic ElementsAnnual Reviews2023Rodgers, IArmour, JSako, MIn this review, we explore the impact of technology on US and UK law firms, focusing in particular on the recent machine learning wave of artificial intelligence. Technology has not so far ushered the end of law firms as we know them. Adoption of artificial intelligence/machine learning is in its early stages in the sector, and its impact has been constrained by the scope of use cases for which it is so far well-suited. Technology is nevertheless transforming law firms, in the sense of leading to material changes to their current forms, in the following novel ways: (a) deployment not only in the back office but in the front office, affecting lawyers’ core tasks of advising clients; (b) opportunities for lawyers to pursue alternative career paths with different skill sets across the profession; and (c) emerging options for law firms to adopt business models creating value from nonhuman capital and nonlegal human capital. |
| spellingShingle | Rodgers, I Armour, J Sako, M How technology is (or is not) transforming law firms |
| title | How technology is (or is not) transforming law firms |
| title_full | How technology is (or is not) transforming law firms |
| title_fullStr | How technology is (or is not) transforming law firms |
| title_full_unstemmed | How technology is (or is not) transforming law firms |
| title_short | How technology is (or is not) transforming law firms |
| title_sort | how technology is or is not transforming law firms |
| work_keys_str_mv | AT rodgersi howtechnologyisorisnottransforminglawfirms AT armourj howtechnologyisorisnottransforminglawfirms AT sakom howtechnologyisorisnottransforminglawfirms |