ChatGPT and similar large language models are already making a historic impact on law firms and in-house legal teams alike. So what does the future hold for day-to-day work practices in the industry, and how will we weigh the value of time going forward?

In this special episode, we recap our extraordinary webinar with Shannon Thyme Klinger">Shannon Thyme Klinger, Chief Legal Officer at Moderna">Moderna.

Jim and other members of the PERSUIT team join Shannon to address the future of AI in legal, as well as answer some burning questions from our audience.

Join us as we discuss:

- Risk management and compliance concerns with ChatGPT (10:43)

- Why AI applications will be essential for legal teams (17:51) 

- PERSUIT’s ChatGPT study on RFP proposal analysis (25:22)

- How large language models will redefine time’s value (38:44)

Check out these resources we mentioned during the podcast:

- The Implications of ChatGPT for Legal Services and Society">The Implications of ChatGPT for Legal Services and Society

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In early 2021, I. Stephanie Boyce">I. Stephanie Boyce made history as the first woman of color to become President of The Law Society of England and Wales">The Law Society of England and Wales (LSEW) in its 200-plus years. During her tenure, she was instrumental in pushing for new socio-economic initiatives, including the ACT (Achieving Change Together) task force. Although her time as acting President is over, her work to advance the DEI discussion by putting words into action is just beginning.

The President of the Leicester University Law Society">Leicester University Law Society and Board of Trustees member for JUSTICE">JUSTICE shares her incredible insights on in-house legal challenges and the future of DEI.

Join us as we discuss:

- Stephanie’s journey to becoming President of LSEW (3:25)

- ACT and other group-driven DEI initiatives (10:05)

- Being a steady voice in leadership during times of crises (17:42)

Check out these resources we mentioned during the podcast:

- I. Stephanie Boyce">I. Stephanie Boyce

- The Law Society of England and Wales">The Law Society of England and Wales

- LSEW Race for Inclusion Report">LSEW Race for Inclusion Report

- Achieving Change Together">Achieving Change Together (ACT)

- Solicitors Regulation Authority">Solicitors Regulation Authority

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We dive into some trends that have significantly impacted demand in the legal industry, and how law firms are expanding their teams faster than they’re growing demand.

Maui also shares his views on why the traditional law firm business model no longer works, and how AI and machine learning will enable GCs to eventually phase out the billable hour format and be more outcome-driven.

Maui and Jim also talk about: 

- Demand and supply: Trends that have impacted law firms [00:45]

- Why law firms are expanding faster than the market demand [3:38]

- Why the traditional law firm business model is no longer relevant [10:07]

- Why and how law firms need to think about their AI strategy [33:30]

Check out these resources we mentioned during the podcast:

- Maui Gevero">Maui Gevero

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Twitter v. Wachtell.  

What can we expect to happen?

And what does it mean for the future of the billable hour? 

Join PERSUIT’s CEO (and former Biglaw partner) Jim Delkousis as he shares:  

- Why the case will settle quickly

- Why Wachtell has so much at stake in the matter (besides a mere $60M)

- How the case exposes legal procurement’s “black box” and why that needs to change

Check out these resources we mentioned during the podcast:

- Wachtell, Lipton, Rosen & Katz">Wachtell, Lipton, Rosen & Katz

Hear more stories by following Innovative Legal Leadership on Apple Podcasts"> Apple Podcasts, Spotify">Spotify, or any podcast platform.

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As general counsels and their legal teams sally forth into the age of AI, the lasting impact large language models could have on the industry is a hotly debated topic.  

Catheryn O’Rourke">Catheryn O’Rourke, General Counsel & Company Secretary at Reckitt"> Reckitt, is cautiously optimistic about the potential for AI to abolish “soul-crushing” work. But she keeps herself grounded by leaning on technological experts to help guide her team’s AI strategy.

Tune in to hear Catheryn’s insights into innovative tools like ChatGPT and why she thinks GCs are steadily becoming the champions of calm and confidence in the C-suite.

Join us as we discuss:

- Why getting comfortable with uncertainty is critical to the GC role (11:39)

- The ongoing evolution of GCs and their impact on the boardroom (23:46)

- Leaning on knowledgeable experts to forecast an AI strategy (37:55)

- Shifting to balance ESG efforts with business needs (43:56)

Hear more stories by following Innovative Legal Leadership on Apple Podcasts"> Apple Podcasts, Spotify">Spotify, or any podcast platform.

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As Elon Musk prepares to go toe-to-toe with legal giant Wachtell, Lipton, Rosen & Katz over $90 million in billed fees, this high profile case raises several questions about outcome-based legal fees and how corporate legal teams determine a fair and reasonable price in sourcing their outside counsel.   

Did Wachtell overstep in their mad scramble to bill a $60 million premium right before Musk closed his Twitter acquisition?

Did the board abdicate their duty to shareholders by not questioning Wachtell’s terms?

How will this impact how the legal industry measures the value of legal services in the future?

Jim Delkousis chimes in with his thoughts on why Musk’s suit matters to the legal industry, and not necessarily for the primary reasons that it’s making headlines.

Join us as we discuss:

- 3 big questions the lawsuit raises (3:01)

- Justifying ROI and determining market value (8:04)

- Who was looking out for Twitter’s best interests (12:56)

Check out these resources we mentioned during the podcast:

- Wachtell, Lipton, Rosen & Katz">Wachtell, Lipton, Rosen & Katz

Hear more stories by following Innovative Legal Leadership on Apple Podcasts"> Apple Podcasts, Spotify">Spotify, or any podcast platform.

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Mark talks about the historic misalignment of interests between in-house teams and their outside firms and why an ecosystem approach is the only way to fix it.

Mark also shares his take on how AI will help in doing so, as well as how AI and other technologies will empower GCs to be more effective strategic advisors to the business.

Join us as we discuss: 

- How stepping outside his comfort zone led him to his current role [14:17]

- Bridging the gap between today’s and tomorrow’s lawyers [23:11]

- How A.I. and automation will help GCs modernize their function [26:52]

- The impact of holding your position through drastic changes like Covid & A.I. [35:23]

Check out these resources we mentioned during the podcast:

- Mark Gregory">Mark Gregory

- Rolls-Royce">Rolls-Royce

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Modernizing a large legal department isn’t an easy task.

What’s your strategy?  

Buy tech? Build tech? Experiment until something sticks?

This week, we sat down with Sarah Flint">Sarah Flint, Director of Legal Operations and Technology at HubSpot">HubSpot to see how it’s being done at one of the world’s biggest CRM companies.

Join us as we discuss: 

- Hubspot’s recent wins and challenges in legal ops [8:08]

- If legal ops need to come from a legal background [11:47]

- What role generative AI has played [15:08]

- Forming your ESG Pillars around your company culture[20:27]

A critical part of building for the future of your organization, and tackling changes in AI and ESG is to have the conversation about being aligned with your vendors.

Asking them how they are moving forward and how they can pivot with you and your organization will have the edge as these new developments in AI and ESG continue to evolve.

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Rozan Simoni">Rozan Simoni spent his early childhood in Albania under a despotic Soviet regime. Soon after the Berlin Wall fell, U.S. Secretary of State Jim Baker came to visit Rozan’s country. The young Albanian boy never forgot two simple words that Baker uttered that day:

Today, as General Counsel and Corporate Secretary - North America at COFCO International">COFCO International, Rozan is paying it forward by giving his colleagues the autonomy they need to reach their potential.

In this captivating episode, Rozan shares how his journey to the U.S. shaped his outlook on mentorship and why he’s excited about the future of AI innovation in legal.  

Join us as we discuss:

- Mentorship and giving young lawyers autonomy (5:53)

- Leaving a positive impact on internal relationships (17:27)

- How AI will allow firms to respond to client needs much faster (26:41)

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How does an organization’s in-house legal team help farmers worldwide feed billions of people? According to Cornel Fuerer">Cornel Fuerer, Senior VP, General Counsel, and Secretary at Corteva Agriscience">Corteva Agriscience, they start by tackling change one bite at a time.

Cornel built up a wealth of private and in-house legal experience during his globetrotting journey toward his current role at Corteva. And he did it by looking at every new challenge as a learning opportunity.

In this episode, Cornel shares his incredible career path and how his team is embracing innovation to buy back time to work on the things that matter.

Join us as we discuss:

- Exploring opportunities with an invaluable life partner (6:50)

- Bringing legacy in-house teams together post-merger (12:38)

- AI and the value of legal operations during rapid change (19:20)

- How innovation is affecting relationships with external firms (29:26)

Hear more stories by following Innovative Legal Leadership on Apple Podcasts"> Apple Podcasts, Spotify">Spotify, or any podcast platform.

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