Extract from Stephen Embry’s article, “Law Firms Are Buying AI: But Are They Really Using It?”
On the eve of the annual ILTA conference this week, the legal consulting firm, Harbor, came out with a startling set of findings: law firms are buying AI but they don’t know what the hell to do with it.
And while there are some reasons to question the conclusions, the timing could not be better for conference attendees to ponder this yawning gap. Even though most of the attendees aren’t the ones empowered to change things. Like equity partners.
Some key statistics. The average spend on technology increased 41% from 2021 to 2025. Moreover, that spend is now 5% to 6% of overall firm revenue. Okay, that’s great, and suggests that law firms are finally embracing technology like never before.
