How Law Firms Are Strategizing for Consumption-Based AI Pricing

NewsLegal TechnologyFollowHow Law Firms Are Strategizing for Consumption-Based AI PricingWith legal tech companies potentially switching from seat-based to consumption-based pricing, firms are beginning to think about how to keep the cost of AI down.

Email ShareFont SizeSmallMediumLarge PrintAnthropic, along with a number of other technology companies, has switched from seat-based to consumption-based pricing this year, and legal tech vendors may end up following suit.

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Pathways: The Future of the Business of Law 2040—developed in partnership by Law.com, the TLTF Fund, Harvey and leaders across the industry—pressure-tested the legal industry business model and developed a map that allows organizations to have more agency over the future they want to see.

The AI-powered legaltech company Harvey announced its Boston expansion Thursday and intends to hire at least 40 people for the location.

The work a law firm does to understand its AI exposure, readiness, and strategic opportunities should not remain an internal exercise. It can — and should — inform how the firm competes, governs and differentiates itself, and plans for the future. As it happens, clients really do care about those things.

A small Australian law firm used its AI application to devise a winning argument against tax authorities that many tax law specialists had overlooked, the firm’s founder says.

Courts are finding that AI use in expert reports often constitutes discoverable methodology rather than protected draft material, making it critical for counsel to establish clear guidelines and verification protocols before experts deploy AI tools.