In an era where artificial intelligence (AI) is transforming industries, Levantage AI Advisors, a Florida-based consultancy, is stepping up to assist small and medium-sized law firms in adopting AI technology. These firms, often overwhelmed by the sheer volume of legal tech options, are finding it challenging to select the right tools without dedicated resources or time.
According to Ty Brown, a personal injury attorney, entrepreneur, and brand ambassador at Levantage, many attorneys lack the bandwidth to experiment with numerous AI tools. He emphasizes the risks involved in choosing the wrong technology, which can be both time-consuming and costly.
Levantage AI Advisors targets law firms employing between one and 100 individuals. Unlike other consultancies that might sell proprietary software, Levantage focuses purely on providing strategic advice. Their services encompass AI strategy development, AI installation, and task automation. These tasks include:
– Receiving updates from clients
– Filing documents
– Organizing files
– Drafting contracts
Brown states, “Lawyers spend a lot of time on administrative tasks. A lot of this admin work can be automated with AI. AI is a phenomenal admin assistant, as long as your workflows are nailed down.”
Bridging the Legaltech Gap
The consultancy’s mission is to bridge the gap between legal technology and managers of small and mid-sized law firms. As Brown notes, despite the three-year boom in the legal AI market, there’s limited evidence regarding whether the technology is truly delivering value for money.
A recent study by Thomson Reuters highlights that only 20% of legal professionals in countries like the US, Canada, UK, and Australia measure the return on investment (ROI) from generative AI. This statistic underscores the necessity for law firms to have a clear strategy when implementing AI tools.
Levantage AI Advisors is stepping in to fill this knowledge gap, ensuring that smaller firms can benefit from cutting-edge technology without the burden of trial and error. By streamlining administrative processes, AI has the potential to significantly enhance efficiency and allow attorneys to focus more on their core legal responsibilities.
For those interested in this transformative approach, Levantage offers a way to seamlessly integrate AI into daily operations, ensuring that law firms not only survive but thrive in a competitive market.
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Note: This article is inspired by content from https://www.globallegalpost.com/news/levantage-ai-advisors-seeks-to-bridge-legaltech-gap-for-small-and-mid-size-firms-883317297. It has been rephrased for originality. Images are credited to the original source.