About this episode

The episode discusses how AI might increase legal work for lawyers despite automation in the legal profession.

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'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.

People in this episode

Host: Bloomberg

Guest: Gary Wingens

Topics covered

• AI in law
• legal profession
• billable hours
• automation
• Jevon's paradox
• law firm technology

Keywords

• AI
• lawyers
• automation
• billable hours
• legal work
• Jevon's paradox
• Lowenstein Sandler

Mentioned in this episode

Organizations: Lowenstein Sandler, Bloomberg

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