Cautious to Invest, Pennsylvania Law Firms Experiment with AI
Looking to leverage artificial intelligence, midsize and Am Law 200 firms in Pennsylvania are taking various approaches to adopt AI tools and optimize efficiency while remaining cautious of security concerns and false information.
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The cost of implementing AI services was a concern for many of the firms looking to outside vendors for tools. Blank Rome chief innovation and value officer Linda Novosel said that firms will need to look at AI ultimately “as an investment.”
“It’s expensive,” she said, estimating that the investment would pay off in another three years. Just to research and test the software “will cost multiple hundreds of thousands of dollars,” she added.
Novosel revealed that Blank Rome was currently examining a number of external AI tools, including Litera, Kira, Clocktimizer, Casetext, LexisNexis, Thomson Reuters Westlaw, and Lex Machina, although it hasn’t settled on any of the programs just yet.
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Overall, however, McCreary and Novosel both expect to see clients benefit from the use of AI in their firms.
Not only will clients end up saving on legal services, Novosel said, “[the firm’s] return on investment is going to be mostly calculated by really giving greater value to our clients and our clients coming back for more because they can see how much more efficient we can be using this technology.”
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"Cautious to Invest, Pennsylvania Law Firms Experiment with AI," by Amanda O'Brien was published in The Legal Intelligencer on June 22, 2023.