The AI-powered law firm: Cutting through option overload
More than 60% of law firms believe AI will positively impact the legal industry, according to a recent survey from Cognizant, but not all are thinking strategically about how they invest in it. Those that do will surge ahead of competitors. With a wide range of solutions available, here?s how to start the process of finding the right fit.
If your firm prefers to develop its own AI technology, there are many frameworks that can help you create in-house solutions without significant investment. These facilitate experimentation with AI technology to demonstrate potential impact before full-scale development. This way, lawyers can test-drive the software beforehand. If the program doesn?t work or deliver on its intended benefits, the vendor can simply uninstall and remove it. Helm360?s Alliance Partner Program empowers firms to customize their own solutions, giving them access to a curated team of industry experts and developers.
- Happiness: Attorneys are generally happy with a tool if they?re often recommending it, and finding it easy to use. Pay attention to the number of support tickets filed and satisfaction survey scores. Higher satisfaction scores and fewer support tickets suggest you have a winning product on your hands.
- Engagement: Are lawyers regularly using their AI tools and assistants in their work? If so, that?s a good sign! Check log records for the number of users, average daily time spent in the program and the features used to see how engaged attorneys are with the AI software.
- Adoption: This metric considers whether the AI app is becoming a go-to tool within the firm as intended. Higher adoption rates indicate success and long-term utility. This is especially true if the number of lawyers using the product has increased since its introduction.
- Retention: AI tools should be a consistent part of how lawyers work and bill, not used sporadically. Providers such as Helm360 monitor churn rates and track usage data to see how often lawyers use the programs. They can also suggest ways to improve these metrics through training, lunch-and-learns, and increased support.
- Task Success: The goal of AI implementation is to help attorneys complete tasks efficiently, effectively and with fewer mistakes. This makes task success a crucial HEART indicator. Practice group leaders should check if project completion times and error rates show that the AI software is improving and streamlining the firm’s work.