Kelsey Provow

Nov 22, 2024 | axiomlaw.com | Kelsey Provow

As outside counsel rates continue their upward trajectory, in-house legal departments are getting creative with their solutions. A recent article from The Indiana Lawyer explores how companies are adapting to record-breaking rate increases, with some firms now charging up to $2,500 per hour for top attorneys. According to the LexisNexis CounselLink Trends Report, the first half of 2024 saw billing rates climb 4.8% compared to the same period last year.

Nov 21, 2024 | axiomlaw.com | Kelsey Provow

The widespread adoption of artificial intelligence in legal departments has arrived – but not without challenges. According to Axiom's 2024 "View from the Inside" Survey Report, 99% of in-house legal teams now use AI for work purposes, with nearly half (48%) using it frequently. Despite this enthusiastic embrace, the implementation landscape reveals significant gaps. While 89% of in-house lawyers believe AI's benefits will outweigh its risks, 47% of organizations lack formal AI policies.

Oct 25, 2024 | axiomlaw.com | Miri Miller |Wendy Thurm |Kelsey Provow

With over 20 years of in-house legal experience across various industries, I have witnessed numerous budgeting trends and gained valuable insights into how to maximize every dollar for efficiency while ensuring legal operations contribute to the overall success of businesses. As we approach 2025, for the first time in quite a while, many legal leaders report modest increases in their budgets.

Oct 8, 2024 | lexology.com | Kelsey Provow

The rise of artificial intelligence (AI) and flexible legal models is prompting businesses to rethink their legal budgets. Leaders see new technology as a possible cost-saving solution. Still, they are also increasing their legal spend on alternative service providers to utilize top-tier talent, according to the 2025 In-House Legal Budgeting Report from Wakefield Research and Axiom.

Oct 4, 2024 | axiomlaw.com | Kelsey Provow

The rise of artificial intelligence (AI) and flexible legal models is prompting businesses to rethink their legal budgets. Leaders see new technology as a possible cost-saving solution. Still, they are also increasing their legal spend on alternative service providers to utilize top-tier talent, according to the 2025 In-House Legal Budgeting Report from Wakefield Research and Axiom.