Mark A. Cohen, CEO of Legal Mosaic, questions why the legal industry is “running on gut and instinct while the businesses it serves are propelled by data.” He highlights a recent survey by RELX Group of 1,000 U.S. senior executives across the health care, insurance, legal, science, banking industries, in which law was at the bottom when it comes to utilizing big data in some form. Of the law firm leaders surveyed, only 44% said they offer employee training on big data, artificial intelligence, and machine learning. Cohen concludes that legal culture and the myth of lawyer exceptionalism is to blame.

“Law’s traditional labor-intensive, leveraged approach that supports the traditional partnership model, sustains profit-per-partner, and is the cornerstone of its resistance to change,” he says.

Forbes

To continue reading please log in or register

Need to reset your password? Click here