It seems obvious that among the many industries that AI might disrupt, the legal profession might face some of the most adverse outcomes. When clerical, research-based tasks like searching through databases and reading contracts are automated, what is left for lawyers to do and how might they justify all those billable hours? In this episode we speak with Gary Wingens, chair and partner at the law firm Lowenstein Sandler. He talks about how his firm is using AI and why he thinks the technology could end up increasing legal work for lawyers as costs come down, creating a sort of “Jevon&#x27;s paradox” for lawsuits, deals and litigation. We also talk about the billable hours model and training junior talent. Read more: AI Legal Startup Norm Valued at $1.2 Billion Funding Round Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

Why AI Might Actually Create More Work for Lawyers

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Bloomberg Audio Studios. Podcasts. Radio. News. Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. And I'm Tracey Alloway.

So Tracy, I think like maybe a year and a half ago, we did that episode with Joel Wertheimer talking about AI and law. It does feel like law specifically is one of those areas where it's very easy for the normal person to imagine how AI could be very disruptive. Would you say that's fair? Yes.

Why AI Might Actually Create More Work for Lawyers

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Why AI Might Actually Create More Work for Lawyers

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.