Milbank Hands Out Summer Bonuses for Associates and Counsel Bloomberg Law news.bloomberglaw.com/business-and-p… Does this signal upturn in deal flow and resumption of talent war?

Big Law Is Questioning the ‘Magical Thinking’ of AI as Savior Roy Strom news.bloomberglaw.com/business-and-p… Good take on the state of play of #LLM in #BigLaw, though I am bit more optimistic because I am hearing about practice uses that do save time routinely.

'ChatGPT Wrapper' Is This Year's Hottest Snub—But Why? Isha Marathe law.com/2024/08/08/cha… Great discussion IMO the key Qs about #LLM options: 1. Is it useful for intended audience? 2. Does it fit in an overall AI strategy? 2. How's its value + longevity compared to alts?

Q2 2024 LFFI: Back at record heights, law firms look healthier than ever Legal Current (TR) thomsonreuters.com/en-us/posts/le… - Transaction demand rebounded - Billable hrs / lawyer up - Demand up across most practices

Goodwin Adds Google Legal Ops Veteran Mary O’Carroll as New COO Meghan Tribe news.bloomberglaw.com/business-and-p… Congrats Mary O'Carroll and Goodwin Are there any other #BigLaw COO who bring such a strong client-side perspective?

Battle of AI Legal Assistants: L-N Unveils Its New Protégé + TR Rolls Out CoCounsel 2.0 Bob Ambrogi lawnext.com/2024/08/its-th… Protégé offers "personalized AI" via Henchman accessing internal content. C-C 2.0 faster, "more intuitive", "more nuanced" Both available in MS Word+

One Year Later: How Troutman Pepper’s Generative AI Assistant Athena Has Transformed Legal Services Delivery Pr Rel troutman.com/insights/one-y… With usage stats and list of tools.

Harvey Launches New Version of GenAI Assistant Artificial Lawyer artificiallawyer.com/2024/08/20/har… Interesting to see the August #LLM new releases (including Lexis + TR). I like the AL quote in image

Big Law’s Surprisingly Good Numbers Hint at Possible Great 2024 ⁦Roy Strom⁩ Demand up, not just rate increases. Short but good #LLM discussion at end. news.bloomberglaw.com/business-and-p…

Spellbook Launches Associate: ‘First Full-Fledged’ Legal AI Agent Artificial Lawyer artificiallawyer.com/2024/08/22/spe… Example of more agentic #LLM systems to come?

When A.I.’s Output Is a Threat to A.I. Itself The New York Times nytimes.com/interactive/20… MSM covers model collapse of GenAI / #LLM

Exclusive: Allens set to roll out iManage Co-authoring Caroline Hill legaltechnology.com/2024/08/27/exc… CIO: “It will remove the friction on a checked-out document" My Q: what is the best practice for versioning up with co-authoring?

Hourly Rates Rocket Higher, as Elite Firms Leverage Pricing Power ALM law.com/corpcounsel/20… H1 2024: "Average standard billing rates rose 8.8%… Am Law 50 hiked rates 10%"

What Is The Legal Function’s True Enterprise Value? Mark A Cohen forbes.com/sites/markcohe… An argument for metrics in legal departments - I agree! - and that not all value legal creates can be easily measured.

Troutman Pepper, Locke Lord Partners Approve Big Law Merger Bloomberg Law news.bloomberglaw.com/business-and-p… Average BigLaw number of lawyers continues to rise as firms combine

Ballard Spahr to Merge With Pacific Northwest’s Lane Powell Bloomberg Law news.bloomberglaw.com/business-and-p… Second sizable #BigLaw merger in one week

Womble Bond to Merge With Lewis Roca in Latest Big Law Combo Bloomberg Law news.bloomberglaw.com/business-and-p… 3rd #BigLaw merger in 10 days My Q (and it's been one for a while): Will the market become bimodal, with mainly larger firms (>several hundred Ls) or strong / large regionals + boutiques?

Introducing OpenAI o1-preview openai.com/index/introduc… From this post, I'm not sure it will help (yet?) in legal and would love to here from anyone trying it for legal use cases.