E58 - Zach and Richard’s Excellent Legal AI Adventure: Will Legal AI Cause Legal to Actually Change?

Richard Tromans of Artificial Lawyer is back with Zach and on the attack as they square up over whether massive Legal AI funding, truly signals systemic transformation. They then discuss whether these massive sums of money are hitting a tipping point and what could happen if the levee breaks. Maybe the legal industry is simply running in place. 

In this Episode:

00:00  Zach’s Hot Disruptive Legal Take 00:42  Could Harvey be Valued at $16B? 01:50   Legal AI Fatigue 03:20  Harvey, Legora and The Big Short? 08:46  Legal AI a Luxury Handbag Market? 10:31   AI Wizards and Muggles in Big Law  13:35   The Seeds of Systemic AI Impact 21:36   Valuations Signal Technology is Essential In Legal Service Delivery 23:02   Jevons Paradox and the Volume of Modern Contracts 30:08   AI Still Needs Daycare 36:48   “New Mod” and “AI First” Firms are Pressuring Big Law 44:18   Is the Market Wrong on TR/Lexis 49:48   Are Chief AI Officers CINOs Differently Packaged?

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