Generative AI and the Hong Kong Legal Profession | 2024 Survey Report
The legal profession in Hong Kong stands at the precipice of a transformative revolution, propelled by the rapid strides in generative artificial intelligence ('GAI') technology. In May and June 2024, LexisNexis conducted a comprehensive survey, exploring the perspectives...
The Ethics of AI: Preparing for the Evolution
The digital future is evolving before our eyes - a sight that is as exciting for some as it is terrifying for others. But as we move towards a world in which AI is even more ingrained in every aspect of our lives and business, it’s essential we engage in open...
Escaping the in-house legal labyrinth: using technology to demonstrate value
In-house legal counsel are under increasing pressure to deliver - and they believe legal technology is their silver bullet. Instead of looking to innovate across the board, the focal point for many is streamlining the simple, low-level tasks so there's more time...
Should law firms disclose the use of generative AI?
A recent LexisNexis report demonstrated that firms need to tell clients they are using AI. But how much information should they give? In this article, we delve into the need for transparency, explore the varying degrees of disclosure, and offer guidance...
Beyond Billable Hours: Concise Guide to Billing Strategies for Law Firms
For decades, law firms have used the billable hour model. These days, clients demand greater cost certainty and transparency, all of which can be achieved through alternative pricing structures. Ultimately, clients want efficiency and value for money. How can law...
Smaller law firms are leading the way in meeting clients' needs
While many larger firms are only now switching to more flexible billing models, small firms have embraced this model for a while, so can it be argued that the smaller law firms and solo practitioner communities are more flexible? Download the whitepaper - Smaller...
Navigating Legal Landscapes in Digital Assets: Best Practices for Legal Professionals
Watch On-Demand: Navigating Legal Landscapes in Digital Assets: Best Practices for Legal Professionals Legal practices related to digital assets require a unique approach compared to traditional assets. As the digital asset market rapidly expands, legal professionals...