In this series, the Lexington team - Moray McLaren, Katie Dignan and Paul Browne - discuss how AI is reshaping the economics of legal services. → How AI is changing the way firms price their work → What clients now expect around value and transparency → Whether the long-predicted shift away from the billable hour is finally accelerating → What does all of this mean for the law firm partnership model in the years ahead? As annual growth and increased profits continue to be

Why the firms that win the AI transition do so on structure, not software. Picture the legal market around two years on from the arrival of ChatGPT. Leadership at many firms decided it was time to take the technology seriously. An AI steering committee was formed, with a respected partner as its sponsor. A pilot was commissioned to test the leading legal AI platforms: Harvey and Legora. The early feedback was positive. There was genuine interest, a flurry of internal momentum

Lexington Consultants and IE Law School recently brought together leaders from some of Europe's top independent law firms—Arendt & Medernach, Garrigues, Lenz & Staehelin, Pérez-Llorca, Sorainen, Thommessen, Van Doorne and VdA—for a Leadership Circle in Madrid. The big question on the table: what happens when AI starts changing not just how lawyers work, but where the real value gets created? AI tends to get talked about as a tech story, but the conversation made one thing cl

Lexington has been quoted by Law.com in coverage examining the proposed transatlantic combination between Ashurst and Perkins Coie Read full article in Law.com here (subscribers only) The proposed merger would create a three-continent firm spanning the U.S., UK and Australia, with approximately $2.7bn in revenue and 3,000 lawyers across 23 countries. The departure of some Perkins Coie partners has already sparked a debate over the joint opportunity. In the article, Moray Mc

Following the capture of Venezuelan President Nicolás Maduro on 3 January, Latin Lawyer reports on the sudden shift in the country’s business environment, with Moray McLaren commenting on the implications for local and regional law firms. Read full article in Latin Lawyer here (subscribers only)

Moray McLaren moderated a senior leadership panel at the Sandpiper Partners Global Law Firm Leaders event in London, bringing together managing partners and firm leaders to discuss the strategic, governance and leadership challenges facing international law firms.