Business Insider·4 min read·medium

Law firms are building AI around their most valuable asset: experience

Law firms are building AI around their most valuable asset: experience
✦AI Summary

Law firms are investing heavily in custom AI systems trained on their proprietary data, such as past trial strategies and deal histories. By leveraging their unique institutional knowledge, these firms aim to gain a competitive advantage over generic AI tools.

Why it matters

This trend highlights the increasing value of proprietary data in the legal sector and the shift toward specialized, firm-specific AI applications.

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Tyler Le/BI For generations, a law firm's most valuable asset walked out the door every night. It was the attorney who remembered the clause that saved a deal years ago. The trial lawyer who knew which arguments worked on a judge and which ones didn't. The partner who told an associate, "We've seen this before." Now law firms are racing to turn that expertise into software. After spending the past two years adopting tools from OpenAI , Harvey, Microsoft, Legora, and others , large law firms are building systems around something more valuable: what only they know. The bet is that artificial intelligence steeped in their deal histories, trial strategies, and client preferences will be more useful than whatever the firm across the street can buy. Law firms are spending big to bottle their secret sauce.

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