New Podcast: Can Lawyers Make Money From AI?

TermScout’s Otto Hanson Talks New Business Models and Legal AI Marketplaces

On Saturday night, I sat on my bedroom balcony watching a futuristic drone war take place. So, how was everyone else’s weekend?

Yes, I know it’s Tuesday already, but I didn’t sleep much Saturday night and then traveled to London yesterday for Future Lawyer UK. I’m immersed in the conference today, so I’ll keep the disruption to a minimum.

First, this story from Josh Kubicki’s email newsletter Brainyacts is, to use a technical term, cuckoo bananas:

It’s Friday. This is part of a conversation I had with a senior partner last week:

Partner: "One of our clients is a former associate and is now the GC. We have an awesome relationship and get tons of work."

"They started using [a GenAI tool] over the last year . . . since, our work has easily been cut in half."

"Last week I used [GenAI] tool to write a legal memo. I didn't edit it one bit. Sent it to the client, told them it was AI, and didn't charge for it."

It’s anonymous and Kubicki isn’t a journalist, but I absolutely trust him here. By the way, Brainyacts is amazing, you should subscribe using this link: https://thebrainyacts.beehiiv.com/subscribe?ref=mnmpehG7nf

Speaking of things to which you should subscribe, episode 7 of the Legally Disrupted Podcast with TermScout CEO Otto Hanson dropped last Thursday. Every firm I speak with asks me the same question: can we make money from AI or should we just focus on not losing money (ala Kubicki’s example)? In this podcast, Otto talks about how TermScout’s contract AI marketplace Screens.ai aims to help lawyers generate passive income from AI. You can listen/subscribe to that conversation here:

Apple Podcasts

Spotify

Last item: want to meet up in person? Here are the dates of my world tour that kicked off yesterday. Let me know in the comments if you’re going to be attending any of these events or message me directly.