"Just because something has always been so doesn't necessarily mean it always will be. Take the traditional law firm with partners, associates, and a slew of support staff. Is that really the model for the future? Or is that just a sentimental view from the dark past that's no longer necessary? I read an article recently about a legal tech start up that announced it was launching an independent law firm that would offer "AI-native" legal services."
"It claims it can turn "regulations into AI agents ... that can make compliance determinations" according to its website. The law firm, Norm Law LLP, will use Norm's AI tools to do legal work for Blackstone (a Norm Ai investor) and other financial service clients. According to the article, the law firm will offer alternative legal services. Lawhive And Woodstock Some time ago, I wrote about the acquisition of a law firm in the UK by a legal tech company."
AI-native legal services are emerging as legal tech firms develop tools that turn regulations into AI agents capable of making compliance determinations. Norm Ai is launching Norm Law LLP to use those tools for financial services clients, including investor Blackstone, and to offer alternative legal services focused on compliance. A similar move occurred when Lawhive acquired the UK firm Woodstock to create an AI-first practice handling most matters with AI tools. Legal tech ownership of law firms or performance of legal work with AI could change traditional partner-associate-support staffing models and shift profits and control toward tech-driven providers.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]