Inflation: How AI Features Will Add to the Cost of Software
Legaltech software vendors, are racing to add artificial intelligence features to their products, as demand has grown for tools built for law practices – so that attorneys can shift from attempting to utilize (or a ttempting to a void) general use products, like ChatGPT or Google Bard . And, even if the demand for AI among lawyers has been somewhat overstated (which it probably has ), lawyers will pay for AI services. The real question is: How much? Because what differentiates AI software from non-AI software is that technology companies are charging separately for AI tools . And, this has not been the case previously, when lots of software features have been added to platforms, at no additional cost . When case management software providers had previously added proprietary or white-labeled esignature tools, that feature became part of the regular platform, at the regular price . When case management software providers built the...