Lupo Quoted on AI's Crucial Role in Future Law Firm Competitiveness
Legaltech News
Chairman Anthony V. Lupo was quoted by Legaltech News discussing why law firms will want to integrate artificial intelligence (AI) into their practice in 2024.
“Law firms need to lean into AI and understand that this is a game-changer for their business models,” Tony said. “The firms that don’t or are slow on the uptake will lose market share and lose clients.”
He added, “Traditional leverage models for handling litigation and large transactions will substantially change as a result of these tools. And as companies get more sophisticated with reverse auctions, these tools will come and will be required to be used to be competitive.”
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