Morgan & Morgan, which has called itself the largest U.S. injury law firm and is a longtime nemesis to insurance carriers, plans to spend $1 billion on artificial intelligence and other legal technology over the next decade.
The firm already has spent $300 million developing its AI system, known as MX2, and plans to soon market it to other law firms.
Insurance defense lawyers said they’ve already seen some type of AI at work by Morgan & Morgan lawyers in the courtroom–and it’s impressive, if not always effective in winning cases. Others said that defense firms also are employing technology to scour vast amounts of records, vet jurors and try out arguments in injury and claims litigation.
“It’s a two-way street. Defense firms also are using AI to counter plaintiffs’ actions,” Paul Lopez, an insurance attorney and chief operating officer with the Tripp Scott law firm in Florida, told Insurance Journal. “AI can make good, hard-working lawyers better and more efficient.”
Some large U.S. defense law firms are investing heavily in AI, if not as much as Morgan & Morgan. The Kirkland & Ellis law firm, based in Chicago, said in May that it is devoting $500 million toward developing an AI pl...