The Defense Bar In The Age Of AI: Running A Red Queen’s Race?
LawManagement
THE AI ANGLE
Shifting litigation profit advantages toward contingency fee firmsLarge plaintiffs' firms are investing heavily in artificial intelligence to speed up case work. This shift expands profits for contingency fee practices while reducing billable hours and revenue for defense firms. Legal managers and insurers now face pressure to replace hourly rates with value-based fee models.
THE TEACHING ANGLE
Hourly billing penalizes defense firms for adopting technological efficiency while contingency fee structures reward plaintiffs for the exact same adoption.Read the original at abovethelaw.com Generate teaching or study materials
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