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Artificial Intelligence

Today law firms are challenged to maintain profitability in a buyer’s market for legal services. The 2017 and 2018 reports on the state of the legal market by The Center for the Study of the Legal Profession at the Georgetown University Law Center and Thomson Reuters observed a flattening demand for law firm services. The reports also document a loss of market share to alternative legal service providers, such as Axiom and UnitedLex, which have developed new models for delivering legal services. Also, corporate legal departments are accomplishing an increasingly amount of legal work in-house.

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