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
Counsel Culture: The Business of Law Podcast
Can AI Solve the Value Gap in Law Firms? with Stefan Ciesla of Ayora
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.