Richard Tromans, founder of ArtificialLawyer.com, explains why legal AI’s real barrier isn’t the technology. It’s the business model built to sell time. He traces how “new model” law firms are proliferating without the billable-hour pyramid, why 20-30% of outside counsel work could shift back in-house, and why GCs interrogating law firms about their AI use are exposing how few can answer. His advice: Triage before you renegotiate your panel. Tromans also unpacks why eye-popping venture capital rounds for legal AI companies say more about investor appetite than value delivered, and why legal AI could become as unremarkable as a laptop computer within a decade.
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Richard Tromans, Founder and Editor, ArtificialLawyer.com
Daniel Hayter, Managing Director for Europe, Axiom
Why business models, not technology, are legal AI’s real obstacle
How “new model” law firms are rewriting the profession without partners or billable hours
The share of outside counsel work that could move back in-house
Why valuations are more hype than value
How the Jevons paradox means AI creates more legal work, not less
When using AI will feel as unremarkable as using a laptop PC
What general counsel should start, stop, or stop believing about legal AI
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