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How AI is Revolutionizing Law Firm Profitability: Insights from SurePoint Technologies’ Chair

SurePoint Chairman and legal tech investor Mike Suchsland explores how AI is reshaping the legal industry and transforming law firm profitability in LegalTechNews on Law.com.

How AI is Revolutionizing Law Firm Profitability: Insights from SurePoint Technologies’ Chair, Mike Suchsland

In addition to transforming the practice of law, AI is set to also completely redefine the economic and operational models of law firms, challenging long-standing practices and necessitating a strategic reevaluation of how legal services are delivered and priced. In a recent article for LegalTechNews, Mike Suchsland, chairman of the board at SurePoint Technologies and venture partner of The LegalTech Fund, shares his insights on AI’s impact on the business of law. Read more at Law.com

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FAQs

Does SurePoint support LEDES and client billing guidelines?
Yes. UTBMS codes, validations, and client-specific rules are baked in.

Will attorneys actually use the workflows?
Adoption improves when steps happen where they work; automation reduces administrative burden. Industry data shows growing use of workflow automation across firms.

How is knowledge secured?
Role-based access, governance, and audit trails ensure only the right people see sensitive content. KM programs emphasize taxonomies and stewardship for accuracy.

Is AI safe to use in legal work?
Practical AI should be embedded with guardrails, human review, and clear governance—a trend reflected in 2025 tech surveys.

2025 State of the Legal Industry Report 

Explore the data behind the biggest shifts in the legal market, with insights to navigate growth, retention, and change.

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