Demand for legal services is booming, but the trend is only benefiting a handful of elite law firms, writes J. Stephen Poor, Chair Emeritus at Seyfarth Shaw. That's because "increasingly clients are keeping work in-house or using alternative service providers," that provide commoditized legal services like document reviews or the drafting of legal documents.

Many partners have their heads in the sand, however. A recent study by Altman Weil showed that:

  • 61.5% of law firms are only "moderately" serious (or less) about changing their strategy to incorporate technologies and processes that help provide legal services more efficiently;
  • Only 7.5% of firms have seriously explored artificial intelligence tools; and
  • 65% of partners at law firms are resistant to adopting new technologies.

Why it matters: Lawyers are resisting change even as revenue outside the top two-dozen firms remains flat. There is a huge opportunity for lawyers and firms that learn to leverage automation technology to increase their productivity.

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 13 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
15 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.