eBrevia CEO to Artificial Lawyer: ‘Companies are cutting costs whichever way they can’
Richard Tromans, the founder of Artificial Lawyer, recently interviewed eBrevia CEO Adam Nguyen. The two discussed a topic often avoided: AI’s impact on headcount.
"Companies are cutting costs whichever way they can, whether it's headcount reduction or pushing work out to ALSPs," eBrevia CEO Adam Nguyen told Tromans. Headcount directly affects a company’s balance sheet, and constant scrutiny of it is a reality of doing business.
That said, AI and other emerging technologies aren’t a magic bullet. Tromans wrote: “It’s naïve to think a large, complex corporate that is tightly connected to a very particular segment of the economy, can just ‘flick an AI switch’ and get the results it wants,” noting “the need to carefully fit AI tools into existing workflows.”
AI might be "30% of the equation," Nguyen concurred, but finding true efficiencies depends on implementing the technology with a stable partner like eBrevia.
“New start-ups underestimate the benefits of longevity, because at the end of the day that's one of the criteria that corporates look for,” Nguyen continued. A lot happens in the months and years following a major software purchase, from training to integrations to upgrades. Deploying appropriate technology effectively delivers true competitive advantage, but requires nuance and experience.
Tromans and Nguyen also touched on eBrevia’s upcoming panel at Legal Innovators California, June 11-12 in San Francisco. The eBrevia team will be “looking for how trends in gen AI and adoption fit in with the macroeconomy,” Nguyen said.
Read the full article at ArtificialLawyer.com.
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About eBrevia
eBrevia is a leader in AI contract analysis and management with clients in the US, UK/Europe, and Asia. For over a decade, eBrevia has served law firms, corporations, audit/consulting companies, and financial institutions, such as Baker McKenzie, Norton Rose Fulbright, Kroll, SAP, Intel, PwC, EY, and MUFG.
