Hi there,

Am I the only one shocked by these poll results from our latest webinar, AI-Driven Legal Transformations: Navigating the Future of Corporate Counsel and Outside Counsel Relations? 

Of the 170+ participants who responded to our live poll, only 8% say they are currently collaborating with their outside counsel or client partners on Generative AI-related initiatives or projects. 🤖 

Twenty-five percent are “discussing the possibility.” 

While a gob-smacking 66% are doing absolutely nothing! 😲

It’s a stark reminder to me, and really anyone involved in bringing innovation to the legal industry, that we are all at different points in our journey. 

And that a lot more needs to be done to help that 66% find their way to the practical and tactical advice they need to take their next best steps (which, by the way, our webinar panelists did an excellent job delivering on).  

In case you missed it, you can access the webinar here.

In this edition of The PERSUIT, you'll also find:

• New insights from our Senior Manager of Legal Advisory, Maui Gevero, on  "Why AI isn't the Apocalypse for corporate legal departments" 🤖 
• Why your firms might not be facing as much competition as they think in the RFP process 🤔
• Where you can find PERSUIT as we say goodbye to summer 🌅 and venture into the fall event season

Cheers,

Jim

Jim Delkousis

Founder and CEO  

PERSUIT

BEST PRACTICES

AI Isn’t the Apocalypse for Corporate Legal Departments; It’s Actually a Renewal

The legal industry isn’t necessarily known as the realm of fast-paced change. Outside counsel and even corporate legal departments are inherently risk averse and rightfully so! 

However, even the immovable wall of the legal department is being overwhelmed by the unstoppable force of Generative AI. 

For many legal departments, this additional challenge is daunting. The hype around AI in particular, has arguably taken too much brain space from the myriad of priorities and risks that corporate legal departments face daily.

In our view, GenAI isn't the "apocalypse" of the attorney-client relationship; it's actually a renewal!

Continue Reading: AI Isn’t the Apocalypse for Corporate Legal Departments; It’s Actually a Renewal

Maui Gevero

Senior Manager, Legal Advisory Team

PERSUIT

DATA

How Many Firms Do In-House Legal Teams Consider During an RFP Process?

Law firms often receive RFPs from their corporate clients without knowing how many other firms are being considered.

Are they up against two firms? Or 10? 😬 

As one firm partner told us on a call not long ago:

“If we’re going to spend the time to create a proposal, I want to know I have a real chance of winning the work.”

So how many firms on average compete for RFPs on PERSUIT? 

Here's what the data says...

Continue Reading: How Many Firms Do In-House Legal Teams Consider During an RFP Process?

Jordan Weinstein

VP of Data & Product

PERSUIT

UPCOMING EVENTS

Where's PERSUIT? 

Here's where you can find us this month:

• Roundtable, Innovative Legal Leaders: Minneapolis, August 23 — By invitation
• WEBINAR: Elevate Your Rate Negotiations — 7 Proven Tactics for In-House Teams, August 29th
• Legal Leaders Europe: London, UK, September 7–8 — Visit us at the event
• The Economist General Counsel Summit U.S.: New York, NY, September 7 — Visit us at the event
• NAMWOLF 2023 Annual Meeting: Baltimore, MD, September 10–13 — Visit us at the event