Oz Benamram

Law, Reinvented: Leading AI Transformation in Legal Practice is a practical guide for legal professionals at every stage of their AI transformation, whether they are leading it inside their firm or organization, working through it day to day as practitioners, or stepping into the profession as it changes. Written by three experts in the field based in London and New York who work in this space every day, it draws on their experience with law firms and in-house teams to address both the strategic and the operational realities of AI in legal practice. The book offers a clear framework for thinking about AI in legal practice, supported throughout by experience drawn from the authors’ work on both sides of the Atlantic. Topics covered include pricing around outcomes rather than time; building credible AI-enabled services; training users and driving adoption; managing risk and governance; and the emerging competitive landscape in which clients, firms, and technology providers increasingly overlap. Whether the reader is in leadership, in practice, or new to the profession, the book is direct, practical, and grounded in real experience. It addresses the operational, ethical, and cultural questions that firms, legal departments, and their clients are working through today, and the ones they will confront next.

Innovation. How to go about it, what it can do for your business - what even is it? Can innovation be applied in the legal environment? Such is the interest and appetite for legal innovation that, in the last 18 months, ARK has published over a dozen titles with innovation in their remit, covering everything from knowledge management to pricing, from marketing to recruitment, and everything in between. This compilation deep-dives into the key areas that drive innovation forward in the legal profession, combining the views and experiences of 14 leaders in their fields.

The discipline of knowledge management (KM) continues to evolve along with our ability to record larger and more varied kinds of information than ever before. Since its inception in the 1990s, it has passed through several stages, quickly becoming a credible field, and now an integral part of major businesses worldwide. Now, many have started to argue that KM is undergoing resurgence, possibly even transforming into KM 3.0, thanks to developments in artificial intelligence (AI). And, while AI has been around for many years, it has become a buzzword in the industry as questions loom over what it could mean for the labor market of the future. Adoption has been relatively slow in the legal profession, owing in part to its conservative nature, individual-focused training and no real incentive to overhaul the hourly billing model1. When in-house legal teams can exceed 1,000 people, sharing and reusing knowledge can easily become inefficient, with counsel often needlessly paying for the same research twice. Global intelligence software leader Comintelli estimates that $8.5 billion per year is lost between Fortune 500 companies alone on poor KM2, up from $31.5 billion in 20043, suggesting a recent rise in the number of firms embracing the concept. Despite this, there are still challenges posed to the legal world, and sharing insight is more vital than ever, not only within companies but between them. Innovations in Legal KM explores the endeavors of various legal firms - the problems they have faced, and the solutions they have developed - to improve their KM processes, and, ultimately, their bottom line.

As law firms continually push to stay relevant in the information age, certain functions and roles will change drastically - possibly none more so than a firm's information functions and librarians.