The Grace To Dabble: Two Biglaw Firms Look To An AI-First Future 완벽가이드
The Grace To Dabble: Two Biglaw Firms Look To An AI-First Future
법률 전문 정보
Lots of questions swirl around the use of AI by lawyers in general and young lawyers in particular. The questions all center around how do we train young lawyers to use AI tools safely and proficiently while ensuring they develop the skills firms want them to have? At least two leading firms have re
핵심 특징
고품질
검증된 정보만 제공
빠른 업데이트
실시간 최신 정보
상세 분석
전문가 수준 리뷰
상세 정보
핵심 내용
Lots of questions swirl around the use of AI by lawyers in general and young lawyers in particular. The questions all center around how do we train young lawyers to use AI tools safely and proficiently while ensuring they develop the skills firms want them to have? At least two leading firms have recently taken affirmative steps to do just that and prepare for a future where proficiency in the use of AI tools will be critical. Both firms have elected to make an investment in the future that we often don’t see in the legal community. Both firms have elected to forgo some billable hours and perhaps revenue for future returns. Both firms aren’t just talking professional development for young lawyers, they’re investing real resources and forgoing billable hours. They are walking the walk. The Ropes & Gray Initiative The first is Ropes & Gray, headquartered in Boston. Ropes has over 1,500 attorneys with 16 offices worldwide and is an Am Law 50 firm. Definitely qualifies as Biglaw. Ropes has decided to make a sizeable investment in AI: starting immediately, first-year associates can spend up to 400 hours of their annual 1,900-hour billable hour requirement for AI training and experimentation
상세 분석
. This can include time experimenting and working in groups. That’s up to 20% of the total requirement. The time, of course, can’t be billed to clients. According to Amy Ross, Chief of Attorney Talent, and Jane Rogers, Partner & Co-head of the Finance Practice, the associates will work in mentoring circles to discuss how they have used AI, what success they have found and importantly what opportunities they have identified. The associates will also receive hands on training. “Associates are expected to co-create solutions, act as thought partners, and help establish repeatable, defensible approaches for applying AI in practice.” The associates will use Ropes’ 15+ approved AI tools. The firm also plans to “collect analyze and disseminate use cases to enhance learning,” say Ross and Rogers. It’s a good investment with little downside. On the face of it, it looks like Ropes is giving up a chunk of revenue from the 400 hours that the first-year associates could perhaps bill.
정리
I say perhaps because that’s not necessarily true. Let’s face it, first-years are not terribly profitable. They lack the experience to do a whole lot substantially. In Biglaw, they are highly paid but often don’t produce a lot of revenue. Nor are they expected to. It’s a training period. Add to this the fact that lots of clients are simply unwilling to pay for work by beginning associates. So Ropes’ loss or revenue may not be that significant But the revenue analysis is not the whole story. Retaining associates these days is an arms race. Keeping associates happy is important
자주 묻는 질문
Q. 어떤 정보를 제공하나요?
A. 법률 관련 최신 정보를 제공합니다.
Q. 신뢰할 수 있나요?
A. 검증된 출처만 선별합니다.
Q. 더 궁금한 점은?
A. 댓글로 문의하세요.
원문 출처
이 글은 원본 기사를 참고하여 작성되었습니다.
댓글