In the July/August Orange Rag, Derek Southall, founder and CEO of Hyperscale Group, dives into the complex and urgent topic of how to manage the shift among AI vendors from a subscription to consumption-based token pricing model.
The cost dynamics of the AI market are shifting. With increasing momentum, the major technology providers are pivoting towards consumption-based pricing models and that shift is washing through to some of the AI vendors serving the legal sector. For many law firms, this represents not just a change in how they pay for software, but a fundamental challenge to how they budget, plan, and govern their technology spend.
Law firms by their nature operate on fixed budgets and controlled cost structures. What does meaningful oversight of consumption costs actually look like? Can firms rely on supplier dashboards? Southall, who is chairman of influential legal technology board LITIG (the Legal IT Innovators Group), shares plenty of food for thought.
You can read the rest of the Legaltech Clinic HERE
