Discover Insights

Add Your Heading Text Here

15 Top Takeaways: “Generative AI, ChatGPT and the Future of Law: Silver Bullet or Shot in the Dark?”

Dan Reed Challenges Legal Business Editors touting Law Firms as Progress Drivers

By Daniel Reed, Chairman of the Board

Enterprise legal services providers will “enable an entire new order of client value,” because they “are coming at the market with a scale of investment behind them the likes of which we haven’t seen before,” UnitedLex CEO Dan Reed explained June 19 in an editorial challenging Legal Business editor-in-chief’s piece titled “Innovation needs law firm champions.” Conventional law firms’ traditional structure—which lacks transparency and responsiveness, promotes inefficiency, and simply costs too much—limits the agility and enterprise that would encourage industry digitization, “This doesn’t mean that BigLaw is not a critical component of the legal services ecosystem,” Reed said. “They will undoubtedly evolve and further refine their ability to meet focused client demand, but they will do so in an ecosystem that also includes enterprise legal service providers.”

Read more

Related Content

Is Tesla driving towards patent monetization by suing charging tech rival for refusing to take a license?

Tesla Inc has become infamous in the IP community for its reputation as anti-patent.

Attorneys & Algorithms: Generative AI, ChatGPT and the Future of Law

Navigate potential pitfalls including ethical considerations, giving incorrect answers and questions around attorney-client privilege.

The “Winter is Coming” Reality of the Global Economy Should Inspire Bold Thinking in Legal Strategy

In Dan Reed's latest article for Fast Company, he explains the importance of examining long-standing practices to ensure they’re not standing in the way of innovation.

Patent insights from times of industry transformation

An analysis of the filing trends, litigation data and patent portfolio management decisions of top OEMs, highlighting the evolution towards electric vehicles.