The Sole Practitioner, Small Law Firm – has a unique transformational AI Advantage
over the large Law firms. The large firms often debate growth objectives when drafting
strategic plans, and for a long time the advantages of scale were not apparent in the
legal industry. Often law firm strategy would avoid a path of “growth for growth’s
sake.”
What is clear now is that the sole Practitioner or Small Law Firm will has room and
opportunity to grow progressively by using experts like (AICOGNITIVELAW.COM) on a
contract basis as the larger firms will immediately be confronted with challenges:
Personnel reversal of attorneys, partner downsizing due to market competition and AI
talent while being concurrently challenged for intellectual accuracy and cognitive AI
performance.
However, recent aggressive hiring in the lateral partner markets from firms with very
deep financial pockets have demonstrated how significant an advantage scale is.
Similarly, the transition to AI capable law firms also advantages those firms with the
financial strength to make these investments without risking partner well-being (profits).
As one lawyer stated, “We are making huge investments…it’s not just the money but
the time it takes to evaluate new AI products and the jettison the ones that are not
useful.” The magnitude of investment required will be difficult for many mid-sized firms,
and it illuminates the competitive threat.