Private equity didn't need to own law firms to profit from legal work. It spent years investing in the software they use, the services they rely on, and the infrastructure behind their work. Now, PE is finding ways to invest inside the firms themselves, as technology becomes a bigger part of what clients are paying for.

AI can reduce the hours required to produce routine legal work without immediately reducing a law firm's annual cost. Associate compensation is largely fixed by the talent market, while the technology stack is a second, mostly shared cost base.

A large share of legal work is becoming much cheaper to produce. Whether that creates more profit—or simply pushes prices down—depends on how firms choose to sell it.

Why law firms need to evaluate the operating burden created by new tools, not just whether the tools work.

How private equity is investing in the legal industry.

How an ontology approach can turn a firm's scattered expertise into an asset the firm owns.

Beyond the demos: four observations from the conference floor.

Notes from three conferences on what AI is making firms rebuild

Harvey, Legora, Anthropic, and the AI-native firms betting against all of them. Here's what the money says about where legal is headed.

What "legal alignment" means for law firms.

Attracting skilled young lawyers is only getting tougher.

Upgrading your tech stack won't be enough.

Why pricing intelligence, not alternative fees, will define the next decade of law firm economics.

Why digital transformation started with the practice of law

How prompt engineering gives lawyers a competitive edge

Three legal tech trends that will shape law firms in 2026

Law firms are under pressure to show value, but without better data, adoption tells only part of the story

Expectations collide with reality

AI legal tech markets will eventually "mature" if they haven't already. Here's one way to assess maturity

How law firm leaders should think about the impact of VC subsidies

How the old debate has been turned upside down by law firm leaders thinking outside the box

How vanity metrics are distracting firms from measuring what really matters

Harvey's Lexis partnership looks like more hype than reality

Why the data says otherwise (and what it really means)

How to choose high quality AI vendors

Two bold moves, legal tech is consolidating fast

AI is reshaping the legal power map

What legal professionals need to know about their rapid growth

Partnership frameworks and how they impact firms

Will all lawyers become part-engineer?

What firms need to know

4 ways the legal industry will change to prevent costly AI-driven errors

What this means for the future of the industry

Law firms are betting on practice-specific AI

Advantages of leveraging multiple AI systems

The advantage of AI-enhanced time data

How AI enhances legal access for individuals and SMBs

The future of legal representation

Where legal AI stands today

From negotiation to litigation

What the future might look like

How AI is reshaping the landscape