Counsel Culture: The Business of Law Podcast

Can AI Solve the Value Gap in Law Firms? with Stefan Ciesla of Ayora

March 07, 2024 Byfield Season 1 Episode 61
Can AI Solve the Value Gap in Law Firms? with Stefan Ciesla of Ayora
Counsel Culture: The Business of Law Podcast
More Info
Counsel Culture: The Business of Law Podcast
Can AI Solve the Value Gap in Law Firms? with Stefan Ciesla of Ayora
Mar 07, 2024 Season 1 Episode 61
Byfield

This week Meg is joined by Stefan Ciesla, Co-founder of Ayora, a company that provides AI for legal revenue management. They discuss Ayora's report called "Addressing the $36bn value gap in law firms: a primer for innovative law firms" which claims that the legal industry is losing up to $36 billion a year due to sub-optimal revenue and working capital management. They also speak about how AI can help reduce that figure and its wider use in the legal industry.

Show Notes

This week Meg is joined by Stefan Ciesla, Co-founder of Ayora, a company that provides AI for legal revenue management. They discuss Ayora's report called "Addressing the $36bn value gap in law firms: a primer for innovative law firms" which claims that the legal industry is losing up to $36 billion a year due to sub-optimal revenue and working capital management. They also speak about how AI can help reduce that figure and its wider use in the legal industry.